Bangladesh Bank, supported by the New York Fed, has filed a lawsuit in U.S. federal court to try to recover $81 million stolen via one of the biggest online bank heists in history. But the Philippine bank the lawsuit targets has dismissed the case as a "political stunt" designed to shift blame.
Sophos is out with new reports on Matrix and Emotet, two different types of cyberattacks that are hitting enterprise defenses. Matrix is a targeted ransomware, an emerging type of attack Sophos expects to gain prominence, and Emotet is malware that has evolved over the years into an opportunistic, polymorphic threat...
As the value of cryptocurrency has plummeted, so too have the number of cryptomining infections being seen in the wild, reports security firm Malwarebytes. Taking its place, however, are criminals wielding advanced malware such as Emotet and Trickbot.
Cybercrime outfits appeared to take a vacation around the December holidays. But attacks involving Emotet, Hancitor and Trickbot have resurged following their December slowdown, as has the Fallout exploit kit, lately serving GandCrab ransomware.
Hackers linked with China are suspected to be behind the four-year breach of Marriott's Starwood guest reservation system, according to several news reports. The suggestion is likely to contribute to increased tension between the U.S. and China.
A slick ransomware-as-a-service operation called Kraken Cryptor has begun leveraging the Fallout exploit kit to help it score fresh victims, researchers from McAfee and Recorded Future warn. Absent offline backups, victims have little chance of recovering from its crypto-locking attacks.
The notorious GandCrab ransomware-as-a-service gang has released the latest version of its crypto-locking malware, backed by crypter service and exploit toolkit partnerships. But the gang's marketing savvy belies shoddy code-development practices, security firm McAfee finds.
More evidence that running cybercrime schemes remains inexpensive and accessible to anyone with criminal intent: To send spam emails, admitted botnet herder Peter Levashov quoted customers $500 for 1 million emails. And that was just his 2016 pricing.
Russian national Peter Levashov, who was arrested in Spain last year and extradited to the U.S., has admitted to a two-decade crime spree that included running multiple botnets that harvested online credentials while also pumping out spam, banking Trojans and ransomware.
Malware detection needs to shift to detecting anomalous behavior, rather than depending on signature-based detection technologies to deal with such threats as sandbox-evading malware, says Verizon's Ashish Thapar.
An analysis of the privacy issues Amazon will face as it dives deeper into the healthcare business leads the latest edition of the ISMG Security Report. Also featured: A preview of ISMG's Security Summit in New York Aug. 14-15.
Much of the attention around Chinese hacking is directed toward advanced threat groups suspected to have links to China's government. But a new report shows that the nation's hacking goes far deeper, and there's a thriving scene that has adapted to an internet heavily controlled by the government.
Three Ukrainian men who were allegedly part of a hacking gang that stole more than 15 million payment card records from U.S. businesses, sold the data in underground markets and enabled at least $12.4 million in fraud have been arrested in Germany, Poland and Spain at the request of the U.S.
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To have any hope of keeping up "with the exponential rise in variants in malware," organizations must reduce their attack surface, in part by using technology designed to learn what attacks look like and respond as quickly as possible, says Cylance's Anton Grashion.