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Trump cyber policy taking shape

Cybersecurity staff and policy are slowly developing under the Trump administration. Will the new cyberarsenal match the tweeting rhetoric. Larry Jaffee enquires.
Cybercrime, Security News

Report describes Scarlet Widow romance cyber scam

A new report about a Nigeria-based cybercrime ring describes in detail how lonely targets are emotionally preyed upon and in some cases bilked of their life savings through romance scams. Citing data from the Better Business Bureau, Agari Cyber Intelligence Division (ACID) reports such scams have led to personal losses of nearly $1 billion in…
Retail, Security News

Holiday cyber scams abound warns FBI

At the busiest online shopping time of the year, cybercriminals are becoming increasingly aggressive and creative in their ways to fool consumers out of their money as they busily, and perhaps a bit naively, go about buying holiday gifts online. The array of current scams include fraudulent auction sales, reshipping merchandise purchased with a stolen…
Coronavirus, Finance, Risk Management, Security News

Financial institutions likely to doubledown on security spending

Prior to the pandemic, financial institutions spent an average $2,700 on cybersecurity per full-time employee, up from $2,300 the previous year. COVID-19 now drives the need for companies to doubledown on cybersecurity going forward, according to a study from Deloitte’s cyber risk and strategic risk services group in conjunction with the Financial Services Information Sharing…
Coronavirus, IoT, Privacy & Compliance News and Analysis, Security News

Work from home survey finds major security lapses as workers share devices, reuse passwords

Stay-at-home workers are threatening corporate IT security with 93 percent of them admitting they reuse passwords and 29 percent allowing other family members to use their company-issued devices for homework and online entertainment, according to a report from CyberArk. In a late April 2020 survey of 3,000 remote office workers and IT professionals in the…
Data Breach, Security News

Airbus personal data of employees, contacts accessed in cyber incident

The French aircraft manufacturer Airbus reported it detected a cyber incident on its commercial aircraft business information systems, which resulted in unauthorized access to personal data. The company said in a statement there is no impact on Airbus’ commercial operations. “This incident is being thoroughly investigated by Airbus’ experts who have taken immediate and appropriate…
Data Breach, Security News

Supply chain weak security link for 92 percent of US companies

The devastating Target breach – the result of an earlier attack on the retail giant’s HVAC vendor – wasn’t an anomaly. New research from BlueVoyant found that 92 percent of U.S. organizations suffered a breach in the past 12 months as a result of weakness in their supply chain. When four other countries (the U.K.,…
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