In this industry perspective, Thomas Hofmann, the Vice President of Intelligence at the firm Flashpoint* warns that the effects of data breaches can often be felt months or years after the actual incident, as stolen data bubbles up in underground marketplaces. He has three pieces of advice for companies that want to develop an incident response plan that mitigates the damage of breaches in the short term and over the long term.
The majority of corporations fear that a “catastrophic” security incident stemming from the Internet of Things (IoT) is an imminent risk. However, those same organizations still lack simple knowledge of how many IoT devices they have in their organization and how they are being used, let alone have oversight for how to protect them, according to new findings.
Cyber criminals are laundering billions of ill-gotten gain using crypto currencies like Bitcoin and Monero and in-game currencies for popular online games like World of Warcraft, FIFA Soccer and Grand Theft Auto.
Chip maker AMD acknowledges it is looking into critical vulnerabilities and an exploitable backdoor in its latest line of processors after an Israel-based security firm ambushed the company with a report this week detailing more than a dozen serious security holes in its products.
China is attempting to cover up inexplicable delays in public reporting of high-risk software security holes by changing the dates of vulnerability-publication to its national vulnerability database so they match those in the U.S. database, according to new research by Recorded Future.