Alongside the sad and vast expense of legitimate claims, it is an unfortunate fact that in times of economic hardship, people have a history of taking any opportunity to exploit financial institutions for ill-gotten gain.
Can you "big tech" a way out of a pandemic? Many governments around the world are trying, and Australia is joining the herd with a contact tracing app. But Australia has a splotchy record of large government tech projects, including in health, that may result in low voluntary adoption of an app.
The latest edition of the ISMG Security Report offers an analysis of the phases businesses will go through in the recovery from the COVID-19 pandemic, plus an assessment of new risks resulting from the work-at-home shift and lessons learned from the Equifax breach.
Supermarket giant Morrisons is not liable for a data breach caused by a rogue employee, Britain's Supreme Court has ruled, bringing to a close the long-running case - the first in the country to have been filed by data breach victims.
Hotel giant Marriott, which in 2018 disclosed that it had suffered one of the worst data breaches in history, is now warning that it suffered a new breach earlier this year that exposed personal details - although not payment card information - for 5.2 million customers.
Russian authorities typically turn a blind eye to cybercrime committed by citizens, provided they target foreigners. But as the recent "BuyBest" arrests of 25 individuals demonstrate, authorities do not tolerate criminals that target Russians, and especially not anyone who targets Russian banks.
The attack surface is constantly expanding, with threats continuing to keep pace with the evolution in infrastructure and digital transformation, says Leah MacMillan, chief marketing officer of Trend Micro.
Security firm Emsisoft is offering free, customized decryptors to victims of PwndLocker ransomware, which first surfaced in late 2019 and has been tied to attacks against Lasalle County in Illinois and the Serbian city of Novi Sad, with the gang demanding up to $660,000 or more in bitcoins from its victims.
Australia reportedly took a sensitive military recruiting database offline for 10 days in February following concerns it may have been compromised. The Defense Department says there's no evidence data was stolen.
Walgreens' mobile app inadvertently disclosed personal messages to other customers due to an internal application error, revealing some health-related information. The company did not say how many people were affected.
At the core of cybersecurity, every leader has just one ultimate question: 'Have we been compromised?" And yet that remains the most difficult question to answer with certainty, says Ricardo Villadiego, CEO of Lumu Technologies.