Larson Studios Paid a $50,000 Ransom. They Were Burned Anyway. The back story behind the ransom attack that led to the unauthorized early release of the Netflix series “Orange Is the New Black” is a cautionary tale in dealing with cyber extortionists such as The Dark Overlord.
In an in-depth interview, Guru Bhatt, head of engineering at PayPal, describes how the online payments provider has used a mix of sophisticated automation, including machine learning, and human insight to maintain a fraud loss rate of just 0.32 percent.
Both Sides Make Their Final Arguments Before Panel of Judges The long-running data security dispute between cancer testing laboratory LabMD and the Federal Trade Commission is now in the hands of a panel of appellate court judges, who heard oral arguments this week. Experts weigh in on the significance of the case.
Rising Attacks: CEO Fraud, Ransomware, Tech-Support Fraud, Extortion The FBI says reported losses due to internet crime last year totaled $1.3 billion, based on nearly 300,000 complaints logged with its Internet Complaint Center. It warns that CEO fraud, ransomware, tech-support fraud and extortion are becoming increasingly prevalent.
James Lyne of Sophos on Finding the Right Security Posture From nation-states to organized crime and malicious insiders, organizations are under siege from a variety of adversaries and threats. But how do they focus on the ones that matter most? James Lyne of Sophos offers insight.
What a crazy week. The biggest news is that we had a hosting company who actually paid a 1 million dollar (think Dr. Evil) ransomware payment. We then had the return of Locky, which at one point was the preminent ransomware being distributed. Will have to see if it can become king of the hill again. […]
With less than one year before GDPR kicks in, the newswaves have been flooded in recent months with new surveys showing how ill-prepared business still remains. But while there is much news, there has been little in the way of practical technology solutions.