A new, free decryptor has been released for "aggressive" crypto-locking ransomware called GandCrab. Researchers say GandCrab has come to dominate the ransomware-as-a-service market, earning its development team an estimated $120,000 per month.
Voting in the United States carries a huge privacy cost: states give away or sell voters' personal information to anyone who wants it. In this era of content micro-targeting, rampant misinformation and identity theft schemes, this trade in voters' personal data is both dangerous and irresponsible.
French film production and distribution company Pathe fired the two senior managers overseeing its Dutch operations after they fell victim to a business email compromise scam and approved $21 million in transfers to fraudsters. Many organizations remain at high risk from such scams.
Once again, a supposedly secure service allegedly marketed to criminals has proven to have limits. Dutch police have busted a "cryptophone" operation, allowing them to decrypt more than 258,000 encrypted chat messages, leading to a drug lab bust, 14 arrests and the seizure of cash, drugs and weapons.
With at least 20 billion new consumer devices set to be internet-connected by 2020, initiatives in the U.K. and California are trying to ensure that as many IoT devices as possible will be out-of-the-box secure, for starters by not shipping with default passwords.
Memo to hackers: Boasting about your exploits on social media channels is a good way to get caught. Indeed, Italian police say they busted a suspected hacker after he bragged not only about defacing the NASA home page but also about being part of a group calling itself "Master Italian Hackers Team."
India's Ministry of Electronics and IT has asked Facebook for an update on the number of Indian users impacted by its recent data breach, which affected 50 million users worldwide. But it's not yet clear what steps the government can take to make sure the social media platform is secure.
Warning: Attackers behind the recently revealed Facebook mega-breach may still be able to access victims' accounts at some third-party web services and mobile apps, and Facebook has offered no timeline for when a full lockdown might occur - although there are no signs of third-party account takeovers.
While Facebook has invalidated 90 million users' single sign-on access tokens following a mega-breach, researchers warn that most access token hijacking victims still lack any reliable "single sign-off" capabilities that will revoke attackers' access to hyper-connected web services and mobile apps.
Facebook says that whoever hacked 50 million user accounts, putting the privacy of those users' personal data at risk, did so by abusing its "View As" privacy feature. Facebook says the attack successfully targeted three separate bugs in its video-uploading functionality.
Massive, well-resourced companies are still using live customer data - including their plaintext passwords - in testing environments, violating not just good development practices but also privacy laws. That's yet another security failure takeaway from last year's massive Equifax breach.
The Forum of Incident Response and Security Teams recently announced the release of new training resources to help organizations build and improve product security incident response teams. Damir "Gaus" Rajnovic of FIRST discusses the global need for these resources.
What advice does the world's first CISO have for the current generation of CISOs? Stephen Katz emphasizes, first and foremost, that cybersecurity must be treated as a business risk management issue rather than a technology issue. He'll be a featured speaker at ISMG's Security Summit in New York Aug. 14-15.