Tesla CEO Elon Musk says a "serious attack" aimed at stealing corporate data and holding his company to ransom has been thwarted. The FBI has accused a Russian national of attempting to recruit an insider to install malware to steal data, which criminals hoped to ransom for $4 million.
Following Twitter's admission that cryptocurrency scammers socially engineered its employees to gain control of 45 high-profile accounts, one reaction has been: Why didn't anyone crack Twitter sooner? Unfortunately, the answer is that they have, especially if you count nation-states bribing insiders.
Twitter says attackers who hijacked more than 130 high-profile Twitter accounts used social engineering to bypass its defenses, including two-factor authentication on accounts. Experts say companies must have defenses in place against such schemes, which have long been employed by fraudsters.
As companies lay off employees and deal with financial challenges during the COVID-19 pandemic, they're also facing an increase in the number of insider fraud incidents, says Randy Trzeciak, director of the National Insider Threat Center at Carnegie Mellon University, who offers fraud detection tips.
An identity and access management strategy for a hybrid cloud environment should include single sign-on as well as multifactor authentication, says Andrew Koh, deputy general manager and regional lead-Risk at Habib Bank Ltd. in Singapore.
The latest edition of the ISMG Security Report analyzes the surge in the use of employee monitoring tools for the increasingly remote workforce. Also featured: Discussions about IoT security guidelines and CCPA compliance requirements.
With so many employees working from home during the COVID-19 pandemic, vendors of time-tracking and productivity-monitoring software report surging interest in their wares. Regardless of whether organizations deploy light-touch or more Big Brother types of approaches, beware potential privacy repercussions.
The latest edition of the ISMG Security Report discusses global progress on adopting standard digital identifiers. Plus, a former cybercriminal discusses emerging fraud trends, and an update on the evolution of e-signatures.
Organizations deploying deception technology must make sure to integrate it with other technologies to reap the full benefits of intrusion alerts, says Anuj Tewari, global CISO at IT Services HCL Technologies.
An internal CIA report from 2017 - just released in heavily redacted form - found that the agency's failure to secure its own systems facilitated the massive "Vault 7" data breach that enabled classified information, including details of 35 CIA hacking tools, to be leaked to WikiLeaks.
Even in the best of economic circumstances, enterprises face risks of insiders stealing data or selling access to systems. But Joseph Blankenship of Forrester says the possibility of layoffs due to the COVID-19 pandemic puts enterprises at more risk of insider threats.
Forget "whitelists" and "blacklists" in cybersecurity. So recommends Britain's National Cyber Security Center, in a bid to move beyond the racial connotations inherent to the terminology. Henceforth, NCSC - part of intelligence agency GCHQ - will use the terms "allow list" and "deny list." Will others follow?
In trying economic times, it's more important than ever to be able to measure and communicate the effectiveness of one's cybersecurity program. Colin O'Connor, COO of ReliaQuest, offers a new alternative to traditional metrics.
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