Fraudsters are using tried-and-true tactics such as check washing as well as Zelle scams and a host of insider threats to scam banks and their customers. Frank McKenna, chief fraud strategist at Point Predictive and author, explains why fraud is on the rise and the steps banks can take to stop it.
More Russian-speaking, ransomware-wielding attackers are gunning for Russian businesses and government agencies, researchers report. The unwritten rule of Russian cybercrime has historically been to never attack inside Russia or neighboring allies.
The latest edition of the ISMG Security Report discusses how Russian-speaking ransomware gangs have their eyes on a new target, offers the latest on Australia's data security reckoning and the government’s response, and outlines emerging trends in customer identity and access management.
Australia's data breach debacle expanded on Thursday. Cyber extortionists who attacked Australian health insurer Medibank provided proof of their hack of medical data. Also, stolen data from Australian wine retailer Vinomofo was put up for sale on a Russian-language forum.
Certificate heavyweight DigiCert has landed Zscaler second-in-command Amit Sinha as its new leader and tasked him with boosting trust around connected device and user authentication. DigiCert brought in Sinha following a 12-year stint at Zscaler, where he became company president and a board member.
In Part 2 of this video series, CyberEdBoard member Andrew Abel, a cybersecurity and zero trust consultant, and Chase Cunningham, CSO at Ericom Software, explain why organizations need to think about identities in the context of humans and nonhumans, their roles and their risks.
Multifactor authentication needs to move away from one-time passwords sent via text message and embrace modern standards that prevent man-in-the-middle attacks. Plus, excessive identity challenges online lead to 20% of e-commerce transactions being abandoned, say experts at Authenticate 2022.
Multifactor authentication should be the default, not an option, says U.S. Cybersecurity and Infrastructure Security Agency Director Jen Easterly. She told an industry conference that vendors should "forcefully nudge" users into MFA and offer a more complete feature set for users who want it.
In the wake of former Uber CSO Joe Sullivan being found guilty of a criminal data breach cover-up, legal experts say CISOs shouldn't be running scare, but should ensure they have well-defined incident response playbooks and remember to always clearly document what they're doing and why.
Zero trust-targeted attacks, phishing, vishing, smishing and social engineering are on the rise, targeting individuals and human vulnerabilities. What can companies do to stay ahead? Steve Benton of Anomali shares insights on intelligence-empowered detection and response.
Personal data from MyDeal, a marketplace owned by Australia's Woolworths Group grocery chain, has appeared for sale on a data leak forum. It comes as wine retailer Vinomofo disclosed a breach and as the Optus telecommunications breach continues to fuel data security concerns in Australia.
Multifactor authentication was supposed to be the standard, but the sharp rise in highly successful MFA bypass attacks shows the industry needs to go further in verifying identities. Keynote speakers at Authenticate 2022 said the future of passwordless technology could answer this latest threat.
Plan for a ransomware attack the same way you plan for a hurricane, says Paige Peterson Sconzo, director of healthcare services at security firm Redacted Inc. A cyber incident capable of disrupting network connectivity requires careful thinking about how to revert to the pre-internet era.
Decentralized finance exchange Mango Markets is set to pay $47 million as a bug bounty to the hacker who stole $117 million in digital assets on Wednesday, after 96% of the governance voted in favor of the deal. Mango Markets is a trading platform riding on the Solana blockchain.
Perennial leaders ForgeRock, Ping Identity and IBM, along with a surging Okta, set themselves apart from the pack of CIAM vendors in the latest report by KuppingerCole analysts. Ping Identity leapfrogged ForgeRock to capture the gold in product leadership, and IBM once again took the bronze.
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