The number of breach reports filed by U.S. organizations looks set to break records, as breaches tied to phishing, ransomware and supply chain attacks keep surging, the Identity Theft Resource Center warns. It says that there's also been a rise in tardy breach notifications containing little detail.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including why enterprises need a multilayered approach to securing identity, how fraud will evolve in 2022 and the need to secure backdoors to prevent ransomware attacks.
Microsoft has officially gone fully passwordless, allowing Windows users to replace their alphanumeric passwords with one of several substitute sign-in technologies to gain entry into a Microsoft product - a move received positively by industry insiders.
Massachusetts Attorney General Maura Healey says her office is probing the data breach at T-Mobile that exposed the personal information of 54 million people, including current, former and prospective customers of the carrier. The Federal Communications Commission is also investigating the incident.
The White House is preparing executive branch agencies to adopt "zero trust" network architectures by 2024, with CISA and the OMB overseeing the creation of technology road maps that departments must follow. This is a major component of President Biden's cybersecurity executive order.
Cryptojacking group TeamTNT is leveraging compromised Amazon Web Services credentials to attack its cloud environments through the platform’s API, according to researchers from Unit 42 at Palo Alto Networks.
The Identity Theft Resource Center, a nationally recognized nonprofit organization established to support victims of identity crime, has published new research that shows nearly 30% of people who contact the ITRC are victims of more than one identity crime.
It is particularly challenging for financial institutions to catch authorized push payment fraud. But behavioral metrics can play a big role in detecting these incidents, says Steve Ledford of The Clearing House.
FBI agent Elvis Chan dedicated four years to election security, and he doesn’t hesitate to say: The 2020 presidential election was "the most secure election of my career." He explains why, and what lessons learned we can apply to future elections.
A security researcher found more than 500 million Facebook records being offered for free on the darknet, exposing basic user information, including any phone numbers associated with the accounts. Facebook says this is “old data” previously reported as exposed.
Synthetic identity fraud is a pervasive yet ill-defined crime – hard to define as well as to detect. Greg Woolf of FiVerity discusses a recent initiative by the Federal Reserve in Boston to better define and therefore better manage SIF.
To mitigate the fraud risks posed by synthetic IDs, banks should use consumers' devices to help with authentication, says Karen Boyer, vice president of financial crimes and fraud intelligence at People’s United Bank, based in Connecticut.
The latest edition of the ISMG Security Report features an analysis of a federal crackdown on ICO cryptocurrency scams. Also featured: An update on the SonicWall hack investigation and the use of digital IDs to verify COVID-19 testing.
The Good Health Pass Collaborative is developing a road map for digital health passes that international travelers could use to prove they have been tested for COVID-19. Dakota Gruener, executive director of ID2020, which launched the project, describes the effort, including privacy-protection measures.