The FBI estimates fraud losses linked to so-called business email compromise scams worldwide have exceeded $1.2 billion in less than a year. But some financial fraud experts say the losses from this largely overlooked threat could be even higher.
A $46.7 million fraud scheme that hit Ubiquiti Networks Inc. shows the new & improved face of wire fraud - and just how easy it is for cybercriminals to fool employees into helping to pilfer their own enterprises.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
An unconfirmed post-breach report for bitcoin exchange Bitstamp shows the organization was targeted by a sustained attack that combined phishing via email and Skype with macro malware to successfully steal almost 19,000 bitcoins, worth $5 million.
Cisco announced plans to pay $635 million to purchase cloud security firm OpenDNS to better secure the "Internet of Everything." OpenDNS says the acquisition will leave its products and personnel intact.
Prior attempts at security have failed to solve email's fundamental flaw - anyone can send email using someone else's identity. This flaw has put the power of the world's most admired brands in criminal hands - through email, criminals can use almost any brand to send spam, fraud, phishing email and malware installs,...
An international police effort dubbed "Operation Triangle" has resulted in the arrest of 49 suspected members of a cybercrime group accused of launching phishing attacks to steal at least $6.7 million.
How does an advanced threat adversary operate for 10 years, undetected? FireEye APAC CTO Bryce Boland shares details of the decade-long APT30 campaign that targeted organizations in India and Southeast Asia.
Partners HealthCare System is the latest healthcare organizations to suffer a data breach following a phishing attack. But why did Partners wait five months to issue a breach notification, when HIPAA requires notifications within 60 days?
Partners HealthCare System announced that it is the latest healthcare organization hit by a data breach attributed to a phishing attack. The records of an estimated 3,300 individuals may have been compromised in the incident.
When IT veteran Branden Spikes founded his own company devoted to isolating browsers from attacks, he thought building the technology would be the top challenge. The venture capital community proved him wrong.