Tag: finance
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23andMe Bankruptcy: Should DNA Data Go to the Top Bidder?
Lawyer Jonathan Armstrong on Legal, Ethical Fallout From Looming 23andMe Auction. The financial collapse of personal genomics giant 23andMe raises an urgent question: What happens to your most intimate data when the company holding it goes bankrupt? Jonathan Armstrong, partner at Punter Southall Law, warns of cascading legal, ethical and security consequences. First seen on…
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What’s Ailing Faster Payments Adoption in the US?
Incentives, Technology Barriers and Fraud Fears Hamper FedNow Growth. Economic hesitation, legacy concerns and escalating fraud fears have hampered the adoption of a payment rail touted as the next big thing in the U.S. payment landscape, with government backing and technological promise of clear benefits to consumers and the financial sector. First seen on govinfosecurity.com…
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Texas city warns thousands of utility payment site breach
At least 12,000 people in Texas had sensitive financial information stolen by hackers who secretly implanted malicious code into the utility payment website of the City of Lubbock. First seen on therecord.media Jump to article: therecord.media/texas-city-warns-thousands-of-utility-site-breach
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What’s Ailing Faster Payments Adoption in the U.S.?
Incentives, Tech Barriers and Fraud Fears Hamper FedNow Growth. Economic hesitation, legacy concerns and escalating fraud fears have hampered the adoption of a payment rail touted as the next big thing in the U.S. payment landscape, with government backing and technological promise of clear benefits to consumers and the financial sector. First seen on govinfosecurity.com…
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New Phishing Campaign Targets Investors to Steal Login Credentials
Symantec has recently identified a sophisticated phishing campaign targeting users of Monex Securities (マãƒãƒƒã‚¯ã‚¹è¨¼åˆ¸), a prominent online securities company in Japan formed through the merger of Monex, Inc. and Nikko Beans, Inc. The company provides individual investors with a range of financial services, making it an attractive target for cybercriminals. The phishing operation involves the…
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Oracle quietly admits data breach, days after lawsuit accused it of cover-up
Tags: access, attack, authentication, breach, cloud, compliance, credentials, crime, cve, cybersecurity, data, data-breach, endpoint, exploit, finance, fraud, hacker, identity, infrastructure, intelligence, law, oracle, resilience, risk, service, strategy, supply-chain, technology, theft, threat, vulnerabilityLawsuit challenges Oracle’s response: The reports of Oracle’s acknowledgement of the breach come just days after the company was hit with a class action lawsuit over its handling of the security breach.The lawsuit specifically addresses a major security breach discovered in March that reportedly compromised 6 million records containing sensitive authentication-related data from Oracle Cloud…
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Emerging Risks Require IT/OT Collaboration to Secure Physical Systems
With an increase in cyber-physical attacks that can cause significant disruptions, financial fallout and safety concerns for victim organizations, Renee Guttmann and Marc Sachs discuss why IT and OT security teams cannot keep working in silos. First seen on darkreading.com Jump to article: www.darkreading.com/ics-ot-security/experts-discuss-current-and-emerging-ics-security-risks
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Sensitive Data Breached in Highline Schools Ransomware Incident
Highline Public Schools revealed that sensitive personal, financial and medical data was accessed by ransomware attackers during the September 2024 incident First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/sensitive-data-highline-ransomware/
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National Impact Must Drive Cybersecurity Decisions
Roxanne Pashaei on Matching Organizational Risks With National Cybersecurity Risks. In the face of intensifying geopolitical tensions and nation-state threats, cybersecurity efforts must move beyond organizational boundaries and financial risk models to consider broader national impact, said Roxanne Pashaei who is the former CISO of a public sector enterprise. First seen on govinfosecurity.com Jump to…
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Modern SecOPs TCO Analysis: The Economic Case for Unified Security Platforms
In today’s rapidly evolving threat landscape, organizations face mounting challenges with traditional, fragmented security approaches. This analysis examines the total cost of ownership (TCO) of conventional security infrastructures compared to modern unified platforms, revealing significant operational and financial advantages of consolidated solutions. The Seceon Open Threat Management (OTM) Platform represents a paradigm shift in security…
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SmokeLoader Malware Uses Weaponized 7z Archives to Deliver Infostealers
A recent malware campaign has been observed targeting the First Ukrainian International Bank (PUMB), utilizing a stealthy malware loader, Emmenhtal, in conjunction with the SmokeLoader malware. This campaign demonstrates advanced tactics by financially motivated threat actors to distribute infostealers like CryptBot and Lumma Stealer. The attack chain begins with weaponized 7z archives and culminates in…
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Threat-informed defense for operational technology: Moving from information to action
Tags: access, ai, attack, automation, blueteam, cloud, control, crime, cyber, cyberattack, cybercrime, cybersecurity, data, defense, detection, exploit, finance, fortinet, framework, group, incident response, infrastructure, intelligence, law, malicious, malware, mitre, network, phishing, PurpleTeam, ransomware, RedTeam, resilience, risk, service, soar, strategy, tactics, technology, threat, tool, usaThe rise of cybercrime-as-a-service Today’s macro threat landscape is a flourishing ecosystem of cybercrime facilitated by crime-as-a-service (CaaS) models. Cybercriminal networks now operate like legitimate businesses, with specialized units dedicated to activities such as money laundering, malware development, and spear phishing. This ecosystem lowers the barrier to entry for cybercrime, enabling low-skilled adversaries to launch…
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Cyberhaven Banks $100 Million in Series D, Valuation Hits $1 Billion
Cyberhaven bags $100 million in funding at a billion-dollar valuation, a sign that investors remain bullish on data security startups. The post Cyberhaven Banks $100 Million in Series D, Valuation Hits $1 Billion appeared first on SecurityWeek. First seen on securityweek.com Jump to article: www.securityweek.com/cyberhaven-banks-100-million-in-series-d-valuation-hits-1-billion/
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FTC chief flags data privacy concerns in 23andMe bankruptcy
The company filed for bankruptcy after financial challenges over the past few years and;a massive data breach in 2023. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/ftc-chief-flags-data-privacy-risks-23andme-bankruptcy/744184/
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New Surge of IRS-Themed Attacks Targets Taxpayers’ Mobile Devices
As the U.S. tax filing deadline approaches, cybercriminals are intensifying their efforts to exploit taxpayers through a new wave of IRS-themed scams. Research from McAfee Labs has revealed a sharp increase in fraudulent activities targeting mobile devices, with scammers using deceptive text messages and fake IRS websites to steal personal and financial information. Mobile Attacks…
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APT34 Deploys Custom Malware Targeting Finance and Telecom Sectors
APT34, also known as OilRig or Helix Kitten, has intensified its cyber-espionage campaigns, deploying custom malware to target entities within the finance and telecommunications sectors. The group, active since 2012, is a well-documented advanced persistent threat (APT) actor linked to the Middle East. Recent investigations by the ThreatBook Research and Response Team have revealed that…
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Safeguarding Student and Faculty Data: Cybersecurity in Higher Education
Higher education institutions store vast amounts of sensitive information, including student and personnel records, financial details, and proprietary faculty research. This accumulated data makes schools an ideal target for bad actors in the modern cyberscape, yet such dangers are further heightened by colleges’ and universities’ unique technology requirements. Therefore, implementing reliable security compliance solutions is”¦…
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FTC: Data privacy policy adherence necessary for 23andMe buyer
First seen on scworld.com Jump to article: www.scworld.com/brief/ftc-data-privacy-policy-adherence-necessary-for-23andme-buyer
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Russia tightens cybersecurity measures as financial fraud hits record high
Vladimir Putin signed a law on Monday that prohibits state institutions, banks and others from using foreign messaging apps when communicating with customers. First seen on therecord.media Jump to article: therecord.media/russia-tightens-cyber-measures-as-fraud-hits-record-high
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LLMs are now available in snack size but digest with care
Passed down wisdom can distort reality: Rather than developing their own contextual understanding, student models rely heavily on their teacher models’ pre-learned conclusions. Whether this limitation can lead to model hallucination is highly debated by experts.Brauchler is of the opinion that the efficiency of the student models is tied to that of their teachers, irrespective…
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Generative AI Is reshaping financial fraud. Can security keep up?
In this Help Net Security interview, Yinglian Xie, CEO at DataVisor, explains how evolving fraud tactics require adaptive, AI-driven prevention strategies. With fraudsters … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2025/04/01/yinglian-xie-datavisor-fraud-prevention-strategies/
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Apple Fined Euro150 Million by French Regulator Over Discriminatory ATT Consent Practices
Apple has been hit with a fine of Euro150 million ($162 million) by France’s competition watchdog over the implementation of its App Tracking Transparency (ATT) privacy framework.The Autorité de la concurrence said it’s imposing a financial penalty against Apple for abusing its dominant position as a distributor of mobile applications for iOS and iPadOS devices…
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FTC: 23andMe’s Buyer Must Uphold Co.’s Data Privacy Pledge
Letter to Bankruptcy Trustee Says 23andMe’s Privacy Promises Must Carry Over. The Federal Trade Commission has sent a letter to 23andMe’s bankruptcy trustees saying that any sale of the genetic testing firm or its assets will be subject to the company’s previous pledges to consumers involving the privacy and security of their sensitive information and…
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Scammers Target Netflix Users: Expert Issues Urgent Warning
Streaming giant Netflix is at the center of a rising wave of online scams, cybersecurity experts warn. Fraudsters use increasingly sophisticated tactics, from fake texts to deceptive emails and websites, to steal Netflix users’ personal and financial information. With over 230 million subscribers worldwide, Netflix has become one of the most impersonated brands […] First…
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Russian Hackers Leverage Bulletproof Hosting to Shift Network Infrastructure
Russian-aligned cyber threat groups, UAC-0050 and UAC-0006, have significantly escalated their operations in 2025, targeting entities worldwide with a focus on Ukraine. These groups employ bulletproof hosting services to mask their network infrastructure, enabling sophisticated campaigns involving financial theft, espionage, and psychological operations. UAC-0050, linked to Russian law enforcement agencies, has transitioned to deploying NetSupport…
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FTC says 23andMe purchaser must uphold existing privacy policy for data handling
Federal Trade Commission Chair Andrew Ferguson on Monday sent a letter to Department of Justice bankruptcy regulators warning that any purchaser of 23andMe must adhere to the company’s current privacy policies for protecting consumers’ genetic and other data. First seen on therecord.media Jump to article: therecord.media/ftc-23andme-purchaser-data-privacy