Information Security
Facebook Security Breach Exposes 50 Million Users
Facebook, already facing scrutiny over how it handles the private information of its users, said on Friday that an attack on its computer network had exposed the personal information of nearly 50 million users.
Tesco Bank facing £30m fine over cyber breach
The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.
British Airways data breach hits 380,000 cards
British Airways has been hacked, compromising the card details of hundreds of thousands of customers who used its website and app over a two-week period.
Alex Cruz, BA's boss says that the website suffered a "sophisticated, malicious criminal attack".
Russian hacker to serve six-year prison sentence over $4 million debit card scam
A Russian hacker who caused the collapse of one US company and racked up $4 million in fraudulent spending on fake debit cards has received a six-year jail sentence. Mikhail Konstantinov Malykhin used login credentials supplied to him by another hacker to illegally access the online software platform of a healthcare benefits administration firm.
Hackers steal $60m from Japanese crypto exchange
Security problems in the cryptocurrency market continue to mount after a Japanese digital currency exchange, Zaif, lost $60m to hackers.
UK and EU banks plan early warning systems
Both UK and European banks are separately looking at projects to design an early warning system using market data to mitigate the threat of major misconduct or the beginning of the next financial crisis.
TSB pays a heavy price for IT fiasco
The UK's TSB has chalked up a whacking £107.4 million first half loss as the early costs of its disastrous IT migration to a new Banco Sabadell platform begin to emerge. TSB's notoriously botched migration to the new IT system in April locked customers out of online and mobile customers for over a month and led to a surge in cybercrime as criminals took advantage of the chaos.
Only 4 in 10 Tech Professionals Confident in Security of Their Organizations’ AI Deployments
Despite heightened interest in enterprise deployment of artificial intelligence, only 40 percent of respondents to ISACA’s second annual Digital Transformation Barometer express confidence that their organizations can accurately assess the security of systems based on AI and machine learning.
Cobalt cybergang starts up new campaign
The infamous Cobalt hacking group, responsible for hundreds of millions of dollars of damages to financial institutions, appears to be embarking on a new campaign.
According to researchers at security firm Netscout, the crooks have already targeted Russia's NS Bank and Romania's Patria Bank with their latest scam.
Singapore's banks told to tighten customer checks following massive SingHealth breach
Singapore's banks have been ordered to tighten customer verification procedures following the recent cyber attack at SingHealth where personal information of 1.5 million individuals was illegally accessed and stolen.
BA takedown linked to perpetrators of Ticketmaster breach
RiskIQ, the global leader in digital risk management, today revealed that its researchers traced the breach of 380,000 sets of payment information belonging to customers of British Airways to Magecart, the credit-card skimming group made infamous for its July breach of Ticketmaster.
Thomson Reuters and Singapore fintech group join to fight cybercrime
The Singapore FinTech Association (SFA) and Thomson Reuters are to collaborate on projects to promote the country's fintech industry and strengthen its fight against cybercrime.
Ransomware is so last year; cryptomining is where it's at in 2018
Cryptomining malware has replaced ransomware as the crybercrime tool of choice for the online criminal fraternity, accounting for 32% of all recorded attacks in Skybox Security's mid-year tech threats report.
