The ISMG Security Report leads with a discussion about the sale of compromised remote desktop protocol credentials for as little as $3 on darknet marketplaces. Also, grading the performance of DHS in sharing cyberthreat information.
Want to stop the latest cybercrime bogeyman? For the umpteenth time, put in place well-known and proven strategies for repelling online attacks, such as the Australian Signals Directorate's top 4 mitigation strategies for repelling targeted cyber intrusions.
Fraudulent SWIFT money-moving attacks continue, as one of Nepal's largest private-sector commercial banks, NIC Asia Bank, says attackers tried to steal $4.4 million after hacking its SWIFT server. Most of the funds have since been recovered.
Equifax says four senior executives - including its CFO - did not know the company had suffered one of the worst breaches in history when they collectively sold about $1.8 million worth of shares. Equifax's board found that 12 days elapsed before the first of the four learned about the hack.
Prasanna Lohar, head of technology at DCB Bank, describes how 20 banks in India are working together to identify the best ways to leverage blockchain technology to help fight fraud and improve services, such as customer onboarding.
Nearly 50,000 personal records relating to Australian government employees as well as the employees of two banks and a utility were exposed to the internet due to a misconfigured Amazon storage server. The episode is the latest in a string of large breaches to hit Australia.
In the wake of recent massive data breaches, such as the Equifax hack, a flood of stolen data is leading to a whole new wave of account takeover crimes, says Emma Mohan-Satta of Kaspersky Lab. How can organizations refine their defenses?
Thom Langford, CISO of Publicis Groupe, says all companies should consider two essential elements when crafting an incident response plan: strong legal representation and a communications plan that considers both internal and external messaging.
The latest ISMG Security Report features highlights from the recent panel discussion at the ISMG Fraud and Breach Prevention Summit in London on preparation for the European Union's General Data Protection Regulation set to be enforced next May.
The U.S. Justice Department has identified at least six members of the Russian government that investigators believe orchestrated last year's hack of Democratic National Committee computers and dumping of stolen information and may file charges next year, the Wall Street Journal reports.
"Are we vulnerable to the attacks that are being reported in the media?" All CEOs and boards of directors should be asking that question of their information security team to ensure they don't suffer the same fate - especially when it comes to ransomware outbreaks, says David Stubley of 7 Elements.
A 21-year-old man appeared in British court this week to face 11 charges, including using DDoS attacks to disrupt sites run by Google, Pokemon and Skype, as well as money laundering and selling malware and "crypting services."
Malaysia is grappling with a sweeping data breach that exposed 46 million mobile phone records, job seeker profiles and data from medical organizations. The breach, which may have occurred in 2014, is the largest Malaysian breach to ever become public.
To help prevent breaches caused by third parties, organizations need to improve their vendor risk evaluation methods, carefully assessing their business partners' processes and risk mitigation methods, says Anuj Tewari, CISO of HCL Technologies.