“Digital transformation” is the buzz word du jour in industry. But executives at RSA Security warn that it is also magnifying digital risk in ways that are easy to miss.
Podcast: Play in new window | Download ()Subscribe: Apple Podcasts | Android | Email | Google Podcasts | Stitcher | TuneIn | RSS | https://www.securityledger.com/subscribeIn a little more than a week, executives from world’s leading technology firms will gather in San Francisco for the RSA Conference, the cyber security industry’s biggest show in North America. No hacker con, RSA is something akin to corporate speed dating for companies in the security industry. But, like so much else in the technology world, this year’s conference has become mired in controversy stemming from Edward Snowden’s leak of classified documents related to government surveillance. In December, Reuters broke the story that, among the documents leaked by Snowden was evidence that RSA, the security division of EMC and parent company to the conference, accepted a $10m payment from the NSA to implement what turned out to be a vulnerable encryption algorithm as the default option […]
Mules are the “last mile” in many online fraud operations: the unwitting dupes, or witting co-conspirators who lend their legitimate bank account (and reputation) to fraudsters who are looking for a way to cash out funds from a compromised account. Mules – often lured with promises of “work-from-home” riches receive fraudulent transactions, then immediately withdraw the funds and wire them to the fraudsters, minus a healthy “commission.” In recent years, there has been ample coverage in the media of cyber crime and fraud and the role of money mules in scams. (I note Brian Krebs excellent reporting on the mule problem on his blog.) And yet, the supply of mules seems to be endless. Or is it? According to researchers at the security firm RSA, bank account cash-out attacks are becoming less common online, and a sharp increase in busts on money mules may be the cause. Writing on […]