In the next three years, CISOs face daunting challenges, including rapidly changing threat vectors, new APT attacks and the implementation of new defensive solutions, says Anuprita Daga, chief information security officer and chief data protection officer at Yes Bank.
Security firm Group-IB has identified 34 hacking groups that are now selling a stealer-as-a-service model to spread infostealer malware and steal credentials from online gaming and payment accounts. The company advises organizations to be on the lookout for Raccoon and Redline infostealers.
Banks are getting better at catching a wide range of scams targeted at customer accounts, but they are still struggling with stopping authorized payment fraud through peer-to-peer payment companies such as Zelle, says David Pollino, former divisional CISO with PNC Bank.
A large-scale cyberespionage campaign by notorious China-based advanced persistent threat actor Mustang Panda is targeting government, academic and other sectors globally. Its main targets include Asia-Pacific organizations in Myanmar, Australia, the Philippines, Japan and Taiwan.
The United Kingdom and many other countries are considering ways to make banks liable for authorized payment fraud and lift the burden from millions of victims of online scams. Trace Fooshee, strategic adviser at Aite-Novarica Group, shares his views on why this might not be such a great idea.
All employees should consider upholding the security of the organization part of their job regardless of their official role at the company, says Equifax Business Information Security Officer Michael Owens. But creating an organization-wide cybersecurity culture is easier said than done.
With fraudsters evolving their tactics and tricking a growing number of people with authorized payment scams, it's time for banks and security solution providers to explore new ways to protect consumers who are left holding the bag, says Ian Mitchell, managing partner at Omega FinCrime.
Since Zelle fraud has increased 109% in the United States, the banking industry is struggling to reduce authorized push payment scams. Ken Palla, former director at Union Bank, shares tips for combating fraudsters, including delays on large transactions, education and behavioral analytics.
Cybercriminals are out there, watching and waiting for the perfect opportunity. They are gathering information about your organization and users, devising the perfect plan to infiltrate your defenses.
But with a strategic approach to cyber defense you can hack the hacker before they strike! In this session, we'll...
Jamf plans to buy startup ZecOps to extend its ability to detect and respond to sophisticated threats across Mac, iOS and Android devices. Jamf's proposed acquisition will provide threat hunting tools to determine if any advanced attacks have compromised mobile devices.
Vista Equity Partners has joined Thoma Bravo in the take-private cybersecurity spree, offering to buy security awareness training behemoth KnowBe4 at a $4.22 billion valuation. KnowBe4 says it has received a nonbinding offer from Vista of $24 per share for the shares not currently owned by Vista.
Credential phishing attacks represent a huge threat to organizations as a well-crafted (or even somewhat realistic-looking) phishing email can trick an employee into providing login credentials.
In our threat report covering data from January-June 2022, Abnormal Security found a 48% increase in email attacks over...
The latest ISMG Security Report discusses a new phishing-as-a-service toolkit designed to bypass multifactor authentication, the decision by Lloyd's of London to exclude nation-state attacks from cyber insurance policies, and challenges at Okta after it acquired customer identity giant Auth0.
Preparedness is the best way to avoid having a cyberattack turn into a full breach. Organizations often realize after the breach the full impact on the organization and the systems as a whole. An effective incident response plan could better prepare your business continuity and put you in control.
This guide is...
In a recent survey of 5,400 IT professionals across 30 countries, 37% of them admitted that their organization had been a victim of a ransomware attack in the previous 12 months, with the average recovery bill coming in at an eye-watering $1.85M.
But the main question that we all are still asking is that do we...