The Institute of International Finance, a global association of financial institutions, is focusing on strategies for using digital identification and machine learning to combat financial crime, says Matthew Ekberg, a senior policy adviser at the institute.
Several prominent business executives and politicians, including Joe Biden, Elon Musk and Bill Gates, had their Twitter accounts hijacked in what appears to be a cryptocurrency scam, according to news reports. Some security experts believe that two-factor authentication protections failed.
Fraudsters used phishing emails purporting to be a warning from Chase Bank about "unusual activity" on credit cards in an attempt to steal consumers' account credentials, according to Mariana Pereira of the security firm Darktrace.
Malware designed to provide backdoor access to corporate networks, gain administrative privileges and deliver additional payloads was hidden in tax software the Chinese government requires companies doing business in the nation to use, researchers at the security firm Trustwave report.
Britain's U-turn on Huawei, announcing that it will now ban the manufacturer's gear from its 5G networks, highlights this as yet unresolved problem: Years of underinvestment and policy failures have left Britain and its allies with no inexpensive, trusted alternative.
The British government has officially reversed course and will now ban Huawei's telecom gear from its 5G networks. The ban on use of the Chinese firm's equipment, based in part on U.S. sanctions against the manufacturer, goes into effect at year's end.
An Israeli court has dismissed a petition filed by Amnesty International that sought to revoke the security export license of NSO Group, a tech firm that's been accused of selling hacking tools to governments for targeting dissidents, journalists and lawyers.
It's common for security researchers to be ignored when reporting a software vulnerability. The latest example - vulnerabilities found by Independent Security Evaluators in a router made by China-based Tenda.
Wells Fargo, the fourth largest bank in the U.S., has directed employees to remove the TikTok social media app from their company-issued devices, citing security concerns. The news comes after Amazon sent mixed signals to its employees about use of the social media app.
To the long list of alleged hackers who failed to practice good operational security so they could remain anonymous, add another name: Andrey Turchin, who's been charged with running the Fxmsp hacking group, which prosecutors say relied on Jabber and bitcoins in an attempt to hide their real identities.
The U.S. Secret Service is combining its electronic and financial crime units into a single task force that will focus on investigating cyber-related financial crimes, such as BEC schemes and ransomware attacks. The move comes as lawmakers push for the Secret Service to take a more active role in fighting cybercrime.