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CNBC: Hackers have stolen over $40 million worth of bitcoin from Binance, one of the world's largest cryptocurrency exchanges, the company said on Tuesday. Binance said the hackers ran off with over 7,000 bitcoin and used a variety of attack methods to carry out the "large scale security breach" which occurred on Tuesday...
FinancialPost: A federal grand jury has indicted two members of “extremely sophisticated” hacking group operating from China in the 2014-2015 theft of the personal information of nearly 79 million customers of insurer Anthem Inc., the biggest known health care hack in U.S. history. The Justice Department said the two also hacked three other U.S.-based companies it did not name, one in the technology sector, the others in basic materials and communications...
Forbes: Financial institutions face a complex array of threats — from the immediate such as synthetic identities which have been used to defraud individual firms multiple times. But they also should be looking around and ahead, said Valerie Abend, managing director, Accenture Security and co-author with Howard Marshall, principal director at Accenture Security, of a report entitled “Extreme but Plausible Threat Scenarios In Financial Services.”...
Euronews: Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion (920.67 million pounds), or 70 percent of the level for all of 2018, cybersecurity firm CipherTrace said on Tuesday. The value of losses from crime in the digital currency sector in 2018 hit $1.7 billion. But cryptocurrency crime has ballooned as the market has slowed down, prices have plunged and business activity has stalled...
BobsGuide: Hackers are exploiting inherent weaknesses in mature hedge funds on a daily basis, say a security vendor and the chief technology officer of an established fund, leading to huge boosts in cybersecurity spending. “Hedge funds are being targeted simply because of cash movements where frequent large transfers are normal at a small business that doesn’t necessarily have all the controls in place,” says Jason Elmer, managing partner at Drawbridge, the cybersecurity consultancy...
Forbes: Research published on Monday by cyber threat intelligence company Intsights paints a bleak picture for cybersecurity across the global financial services industry. According to the report, more than 25% of all malware attacks hit banks and other financial services organizations, more than any other industry, and there were huge year-on-year increases in the numbers of compromised credit cards (212%), in credential leaks (129%) and in malicious apps (102%)...
DailyHeraldBusiness: Data breaches are constantly in the news and most companies know they should be concerned about privacy and the security of their data, or at least recognize this is an important and complex area. However, most family offices are not sure how to start addressing their concerns, or worse, don't view the family office as a target...
Metro: CYBER attacks against businesses have rocketed with six out of ten companies reporting at least one incident last year, a survey has revealed. The financial cost related to cyber crime also sharply increased, with the average loss reported at £283,000 — up nearly two thirds on the previous year. While large firms remain the most likely to be targeted, the number of small and medium sized businesses affected by the crime also rose significantly in 2018...
Forbes: The arrest of Wikileaks founder Julian Assange marks the first step toward bringing to court one of the most prominent cyber crimes in American history. With cyber-threat actors making a living off of hacked information, it should come as no surprise that U.S. government intelligence agencies are shifting focus and resources to address the issue, which includes $15 billion set aside from the President’s budget for cybersecurity-related activities...
ZDNet: A hacker who spoke with ZDNet in February about wanting to put up for sale the data of over one billion users is getting dangerously close to his goal after releasing another 65.5 million records last week and reaching a grand total of 932 million records overall. The hacker's name is Gnosticplayers, and he's responsible for the hacks of 44 companies, including last week's revelations...
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