A former Microsoft software engineer has been sentenced to nine years in prison after being found guilty on 18 criminal charges in connection with the theft of more than $10 million through the company's online retail platform.
COVID-19 accelerated everything else digital; why not fraud, too? In this latest CEO/CISO panel, cybersecurity leaders talk frankly about the pace and scale of new fraud schemes from business email compromise to card not present to insider risk.
Takeaway from the U.K.'s GDPR privacy fine against hotel giant Marriott: During M&A, review an organization's cybersecurity posture before finalizing any acquisition. Because once a deal closes, you're fully responsible for data security - IT network warts and all.
Large, recently levied privacy fines against the likes of British Airways, H&M and Marriott show regulators continuing to bring the EU's General Data Protection Regulation to bear after businesses get breached. But in the case of Marriott and BA, were the final fines steep enough?
Amidst this new "perfect storm" of insider risk, enterprises face new challenges in detecting malicious and accidental activities. Tricia Hoyt, Director of Security Operations at ReliaQuest, offers insight on how to assess and reduce the risks.
A former vice president of a personal protective equipment packaging firm has been sentenced to prison and ordered to pay restitution for sabotaging the company's electronic shipping records during the COVID-19 pandemic - causing delays in deliveries - after he was terminated from his job.
As ransomware continues to slam organizations, a lively debate has ensued about whether ransom payments should be banned in all cases. Attempting to ban ransom payments, however, likely would only make the problem worse.
Cybercrime wouldn't exist as we know it today without there being a multitude of technologies and services that criminals have been able to turn to their advantage, and cryptocurrency is one of the prime examples, especially when it comes to ransomware, darknet markets and money laundering.
Stop me if you think that you've heard this one before: The U.S., U.K. and some allied governments are continuing to pretend that criminals will get a free pass - and police won't be able to crack cases - so long as individuals and businesses have access to products and services that use strong encryption.
Plaintiffs in the patent infringement case Centripetal Networks v. Cisco Networks won the day thanks to clear testimony and using Cisco's own technical documents in unaltered form. By contrast, the judge slammed Cisco for offering disagreeing witnesses and attempting to focus on old, irrelevant technology.
A recent incident at a Canadian hospital involving a vendor's former employee who allegedly stole patient records in an attempt to extort money after being laid off illustrates the complex insider threats organizations face.
Ransomware has emerged as the No. 1 online threat targeting public and private organizations this year. Seeking maximum returns, more gangs have moved beyond opportunistic attacks to target organizations with "post-intrusion ransomware." Meanwhile, many victims fail to report such crimes to police.
Death via a thousand paper cuts? The U.S. government hasn't been able to arrange a domestic court date for whistleblower Edward Snowden, but via the courts, it's successfully been awarded $5.2 million in his book royalties and revenue from speaking engagements.
Shopify's announcement this week that two employees inappropriately accessed transactional data from 200 of the merchants that use its e-commerce platform demonstrates the importance of taking a "zero trust" approach to security and improving identity and access management capabilities, security experts say.
What will be the impact of the leak of investigatory documents from FinCEN - the U.S. Treasury Department's Financial Crimes Enforcement Network? For starters, experts warn that FinCEN reports may reveal sensitive information tied to banks and law enforcement agencies' investigatory tools and tactics.