Threat actors are using deepfakes to apply for remote employment at U.S. tech companies in a bid to gain access to corporate financial and customer data, internal databases and proprietary information. Fraudsters used stolen PII to make deepfake videos for personal interviews, says the FBI.
Four ISMG editors discuss important cybersecurity issues, including how Canada's Desjardins Group settled a data breach lawsuit for $155 million, how Facebook is being sued after allegedly violating patient privacy, and highlights from ISMG's Northeast Summit held in New York this week.
When building an insider risk management program, don't start "too large or too quickly," says Randy Trzeciak of Carnegie Mellon University. He says the first step is to protect your organization's critical assets and services and then "build a risk program appropriate to those assets."
Canada's Desjardins Group has reached an out-of-court settlement to resolve a data breach class action lawsuit. The breach, which the credit union group first disclosed in 2019, traced to a "malicious" insider who for 26 months had been selling personal details for 4.2 million active customers.
The "Great Resignation" over the past year has created a host of concerns around both malicious and accidental data theft, says Code42 President and CEO Joe Payne. Even though employees often aren't looking to wreak havoc on their way out, a lack of understanding can lead to serious headaches.
While major hacking incidents regularly grab headlines, insider threats - including malicious individuals, careless workers and third-party contractors - continue to pose significant and sometimes underestimated risk to healthcare sector entities, federal authorities warn.
Investment platform Cash App, a subsidiary of U.S.-based payments company Block, says it has been breached. The incident happened last year when a former employee downloaded reports containing Cash App U.S. customer information, including full names, brokerage account numbers and portfolio values.
The pandemic has raised the ante significantly for the attack surface and the level of insider threats facing healthcare sector entities, according to Dave Bailey, vice president of security services, and attorney Andrew Mahler, vice president of privacy and compliance, of consultancy CynergisTek.
Things are not always what they seem, says incident response expert Joseph Carson, pointing to a case involving ransomware that infected a company in Ukraine, but for which there was no external attack path. Ultimately, his investigation found that ransomware had been used to hide internal fraud.
Of the $5.6 billion obtained by the Department of Justice in civil settlements and judgements involving false claims and fraud against the U.S. government in 2021, more than $5 billion - or nearly 90% - involved healthcare sector entities. Why? Healthcare fraud, including false claims.
No matter the root cause, the result is the same: reputation damage, fines, compliance issues, and of course the ripple effects that extend outward from a breach.
The increasingly connected home is a vulnerable part of the extended enterprise, especially as the line blurs between personal life and work, says Forrester principal analyst Heidi Shey. She encourages organizations to adopt a two-pronged approach to protecting the "work from home" workforce.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the ransomware-as-a-service model shifted in 2021, the rise of fraud in faster payments and how to prevent it, and one CISO's take on the state of the industry.
The Department of Justice says it's thwarted a Sony Group insider who allegedly embezzled $154 million, converted the proceeds to bitcoin, and demanded a ransom payment to return the money. Authorities say the former Sony employee has been criminally charged in Japan.
Michael Lines is working with Information Security Media Group to promote awareness of the need for cyber risk management, and as a part of that initiative, the CyberEdBoard will post draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This post's chapter is...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing fraudtoday.io, you agree to our use of cookies.
