A Russian-language hacking group has stolen close to $10 million from 15 US banks, two Russian banks and one UK bank, and Latin American banks could be the next to face attacks, says Group-IB. The attacks started in the spring of 2016 and focus on interbank transfer systems.
US officials warn that more cyberattacks are on the horizon and that the 2018 midterm elections will likely be targeted. They predict that the attacks will be more sophisticated and far-flung than the attacks that reportedly occurred during the 2016 presidential election.
Recent breaches show that the strategy many boards embrace for their cybersecurity efforts is falling short, Axio Global Chief Technology Officer Jason Christopher writes. Boards can implement a more effective strategy by looking at exposure in financial terms, focusing on a maturity-based cyberevaluation framework and having resources in place to recover from an attack.
The Texas Hospital Association sent out phishing emails to employees through Kaufman Rossin's PhishNet to get a read on employees' responses to such emails and to improve cybersecurity. Employees who clicked on the emails were redirected to receive more training, and since the organization implemented the strategy, clicks on phishing emails have decreased by 60%, said CEO Fernando Martinez.
China-based retail and technology company Alibaba Group and Ford Motors have agreed to a three-year partnership to improve consumer retail experiences and develop technology solutions in mobility, cloud computing, connectivity, digital marketing and artificial intelligence. Ford will tap into Alibaba's business units, AliOS, Alibaba Cloud, Tmall and Alimama.
Australia is proving its commitment to data sharing through the launch of the National Cities Performance Framework. The platform will provide open and accessible data that can be used by the public and private sectors to address policies and inform future city initiatives.
About 370,000 Duke Energy customers in North and South Carolina are among the 1.6 million individuals who could have had personal data exposed as early as 2008 at third-party vendor TIO Networks, which is now owned by PayPal.
After a data breach, consumers want transparency about what happened and what the next steps will be, writes PwC's Matthew Lieberman. Providing real-time updates and offering compensation are two actions that can help companies begin to mend the customer relationship.
Before downloading a mobile app, determine whether it is real or fake by doing things such as checking the download count, reviewing the permissions it's seeking, and looking for typos in the title, description and developer name, advises NextAdvisor's Gabriel Wood.
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