Financial Archives

Understanding the economic impact of a breach

Cybersecurity experts Louis Evans and Dennis Chow dive into the direct costs and the hidden, unexpected costs of a data breach.

Jul 31, 2023 By Scoop News Group

Securities and Exchange Commission Chair Gary Gensler testifies before the Senate Banking, Housing, and Urban Affairs Committee, on Capitol Hill, September 15, 2022 in Washington, DC. (Photo by Kevin Dietsch/Getty Images)

SEC’s breach disclosure rule raises concerns about tipping off hackers to flawed systems

New rules require publicly traded companies to disclose cybersecurity breaches within four days of them being deemed material.

Jul 26, 2023 By Elias Groll

A security guard at Silicon Valley Bank monitors a line of people outside the office on March 13, 2023 in Santa Clara, California. (Justin Sullivan/Getty Images)

Scammers target Cloudflare CEO with Silicon Valley Bank-themed spearphishing

The collapse of the U.S. tech industry's bank of choice has prompted a massive amount of fraud attempting to capitalize on its downfall.

Mar 16, 2023 By Elias Groll

Researchers say that a North Korean hacking group known for cryptocurrency heists is widening its aim (Getty Images)

North Korean cryptocurrency hackers expand target list

North Korean hackers known for cryptocurrency heists are expanding their targets to include education, government and healthcare, according to researchers tracking the group. The activity could be…

Jan 25, 2023 By Tonya Riley

Billboards display Bored Ape Yacht Club NFT art in Times Square during the 4th annual NFT.NYC conference on June 20, 2022, in New York City (Photo by Noam Galai/Getty Images)

Thousands of bogus Twitter accounts push NFT scams to steal cryptocurrency

Elon Musk vowed to rid Twitter of fake accounts, but fraudsters continue using thousands of them in cryptocurrency scams.

Nov 10, 2022 By Tonya Riley

Photo by FABRICE COFFRINI/AFP via Getty Images

Insurance giant settles NotPetya lawsuit, signaling cyber insurance shakeup

Cyber insurance have already started to find other ways to avoid covering losses related to cyberattacks linked to nation-state hackers.

Nov 4, 2022 By Suzanne Smalley

Treasury Department — (Michelle Lee / Flickr)

Treasury fines virtual currency exchange Bittrex for failing to catch ransomware payments

The virtual currency exchange based in Washington state failed to catch more than 100,000 transactions from sanctioned regions.

Oct 11, 2022 By Tonya Riley

General Paul Nakasone, Commander United States Cyber Command and Director of the National Security Agency testifies before the Senate Armed Services Committee on April 5, 2022 in Washington, DC. The National Security Agency protects the U.S.’s most vital secrets. (Photo by Win McNamee/Getty Images)

Ex-NSA employee charged with violating Espionage Act, selling U.S. cyber secrets

The former employee allegedly told an undercover FBI agent he was willing to sell classified documents for a $85,000 due to significant debt.

Sep 29, 2022 By Suzanne Smalley

Peiter “Mudge” Zatko, former head of security at Twitter, testified on Tuesday before the Senate Judiciary Committee on data security at Twitter. (Photo by Kevin Dietsch/Getty Images)

Twitter, Mudge and survival of the quittest

Why corporate Darwinism needs to change so Silicon Valley won't ignore the likes of Twitter whistleblower Peiter "Mudge" Zatko.

Sep 14, 2022 By Gavin Wilde

Gladkikh sanctions — The Treasury Department in Washington, D.C., on March 31, 2022. (Photo by STEFANI REYNOLDS/AFP via Getty Images)

Why Tornado Cash sanctions are drawing fierce criticism, potential court challenge from crypto group

Sanctions against the cryptocurrency mixer have ignited concern from industry stakeholders, privacy advocates and legal experts.

Aug 15, 2022 By Tonya Riley