Security & Fraud

Security & Fraud
Government Needs To Step Up To Combat Ransomware Attacks, Execs Say
June 02, 2021

Ransomware attacks threatening in recent weeks to interfere with the way Americans heat their homes, drive their cars and eat are among factors prompting business leaders to call for a vigorous government response against the attackers, The Wall Street Journal (WSJ) reported. Kevin Mandia, CEO...

Security & Fraud
Finding The Balance For Merchants Between Trusted Authentication And Costly Aggravation
June 02, 2021

With a never-ending parade of bad news about data breaches, cybercrimes, ransomware schemes and a purported army of digital criminals ready to unleash their next nefarious plan,  merchants could easily feel as though they were under constant assault. However, without minimizing the cost and breadth...

Security & Fraud
World’s Biggest Meat Producer, JBS, Hacked In Organized Attack
June 01, 2021

JBS USA, the world’s largest meat processor, was the victim of a cyberattack that the Greeley, Colorado company called “organized,” which affected its IT systems in North America and Australia. When the infiltration was detected on Sunday (May 30), the company “took immediate action,” suspending...

Security & Fraud
House Committee Asks Kabbage, BlueVine For Pandemic Loan Security, Revenue Data
May 28, 2021

U.S. lawmakers have opened an investigation into FinTechs Kabbage and BlueVine, along with their partner banks, for their role in the distribution of billions of dollars in COVID relief money to small businesses. The House Select Subcommittee on the Coronavirus Crisis wants Kabbage and BlueVine...

Security & Fraud
Microsoft: Nobelium Cyberattackers Targeting Governments, NGOs
May 28, 2021

Microsoft said this week that the group behind the cyberattacks on SolarWinds customers last year has turned its focus on government agencies, think tanks and NGOs. Nobelium this week targeted roughly 3,000 email accounts at more than 150 different organizations across 24 countries, with at...

Security & Fraud
US To Implement Cybersecurity Regulations On Pipelines
May 25, 2021

The Transportation Security Administration (TSA) will release a new security directive, the first of two, to require pipeline operators to reveal when they’ve been the target of an attack, The Wall Street Journal reported. Expected this week, the directive will also require every company to pick someone...

Security & Fraud
Israeli Cloud Security Firm Wiz Raises $120 Million In Add’l Funding
May 25, 2021

Cyberattacks are the greatest threat to the world’s financial system, the head of the Federal Reserve Board said last month. Investors and cybersecurity industry experts seem to agree with that theory. For its part, Salesforce contributed to Israeli startup Wiz‘s Series B round with $120 million...

Security & Fraud
Hackers Infiltrate Omiai, Japan’s Biggest Dating App
May 24, 2021

Fraudsters hacked Omiai, Japan’s biggest dating app, exposing personal data like drivers’ licenses, insurance cards and passports, Bloomberg reported on Monday (May 24). The Omiai app, which is operated by Net Marketing Co., has more than 1.7 million members. It’s not known how many were...

Security & Fraud
Hackers Access 10 Years’ Of Passenger Data In Air India Cyberattack
May 23, 2021

Hackers infiltrated Air India‘s servers, according to a Bloomberg report, which led to the data from 4.5 million fliers being compromised. Passengers who’d registered between August 2011 and February of this year were compromised, along with their details such as credit card and contact information,...