-->
The Hacker News Logo
Subscribe to Newsletter

The Hacker News - Cybersecurity News and Analysis: business security

Hackers Trick 3 British Private Equity Firms Into Sending Them $1.3 Million

Hackers Trick 3 British Private Equity Firms Into Sending Them $1.3 Million

April 23, 2020Ravie Lakshmanan
In a recent highly targeted BEC attack, hackers managed to trick three British private equity firms into wire-transferring a total of $1.3 million to the bank accounts fraudsters have access to — while the victimized executives thought they closed an investment deal with some startups. According to the cybersecurity firm Check Point, who shared its latest investigation with The Hacker News, nearly $700,000 of the total wire transferred amount has permanently lost to the attackers, with the rest of the amount recovered after researchers alerted the targeted firms in time. Dubbed ' The Florentine Banker ,' the sophisticated cybercrime gang behind this attack, "seems to have honed their techniques over multiple attacks, from at least several years of activity and has proven to be a resourceful adversary, quickly adapting new situations," the researchers said. 'The techniques they use, especially the lookalike domains technique, present a severe threat — not
U.S. Charges Huawei with Stealing Trade Secrets from 6 Companies

U.S. Charges Huawei with Stealing Trade Secrets from 6 Companies

February 14, 2020Ravie Lakshmanan
The US Department of Justice (DoJ) and the Federal Bureau of Investigation (FBI) charged Huawei with racketeering and conspiring to steal trade secrets from six US firms, in a significant escalation of a lawsuit against the Chinese telecom giant that began last year. Accusing Huawei and its affiliates of "using fraud and deception to misappropriate sophisticated technology from US counterparts," the new charges allege the company of offering bonuses to employees who obtained "confidential information" from its competitors. The indictment adds to a list of two other charges filed by the US government last year, including violating US sanctions on Iran and stealing technology from T-Mobile — called Tappy — that's used to test smartphone durability. The development is the latest salvo fired by the Trump administration in its year-long fight against the networking equipment maker, which it deems a threat to national security. "The misappropriated
The Definitive RFP Templates for EDR/EPP and APT Protection

The Definitive RFP Templates for EDR/EPP and APT Protection

September 18, 2019The Hacker News
Advanced Persistent Threats groups were once considered a problem that concerns Fortune 100 companies only. However, the threat landscape of the recent years tells otherwise—in fact, every organization, regardless of vertical and size is at risk, whether as a direct target, supply chain or collateral damage. The vast majority of security decision-makers acknowledge they need to address the APT risk with additional security solutions but struggle with mapping APT attack vectors to a clear-cut set of security product capabilities, which impairs their ability to choose the products that would best protect them. Cynet is now addressing this need with the definitive RFP templates for EDR/EPP and APT Protection , an expert-made security requirement list, that enables stakeholders to accelerate and optimize the evaluation process of the products they evaluate. These RFP templates aim to capture the widest common denominator in terms of security needs and deliver the essential that ar
Thousands of Google Calendars Possibly Leaking Private Information Online

Thousands of Google Calendars Possibly Leaking Private Information Online

September 17, 2019Mohit Kumar
"Warning — Making your calendar public will make all events visible to the world, including via Google search. Are you sure?" Remember this security warning? No? If you have ever shared your Google Calendars, or maybe inadvertently, with someone that should not be publicly accessible anymore, you should immediately go back to your Google settings and check if you're exposing all your events and business activities on the Internet accessible to anyone. At the time of writing, there are over 8000 publicly accessible Google Calendars, searchable using Google engine itself, that allow anyone to not only access sensitive details saved to them but also add new events with maliciously crafted information or links, security researcher Avinash Jain told The Hacker News. Avinash Jain , a security researcher from India working in an e-commerce company, Grofers, who previously found vulnerabilities in other platforms like NASA, Google, Jira, and Yahoo. "I was able
How Cloud-Based Automation Can Keep Business Operations Secure

How Cloud-Based Automation Can Keep Business Operations Secure

September 16, 2019The Hacker News
The massive data breach at Capital One – America's seventh-largest bank, according to revenue – has challenged many common assumptions about cloud computing for the first time. Ironically, the incident, which exposed some 106 million Capital One customers' accounts , has only reinforced the belief that the cloud remains the safest way to store sensitive data. "You have to compare [the cloud] not against 'perfect' but against 'on-premises.'" Ed Amoroso, a former chief security officer at AT&T, told Fortune magazine this week. He wasn't the only voice defending cloud computing in the wake of a hack attack. In an article titled "Don't Doubt the Cloud," Fortune columnist Robert Hackett , wrote: "The cloud is undeniably convenient and, more importantly, better in terms of security than what the majority of companies can achieve alone." The problem, experts said, was not cloud computing but rather the tendency for
Engage Your Management with the Definitive 'Security for Management' Presentation Template

Engage Your Management with the Definitive 'Security for Management' Presentation Template

July 16, 2019The Hacker News
In every organization, there is a person who's directly accountable for cybersecurity. The name of the role varies per the organization's size and maturity – CISO, CIO, and Director of IT are just a few common examples – but the responsibility is similar in all places. They're the person who understands the risk and exposure, knows how prepared the team and most important – what the gaps are and how they can be best addressed. Apart from actually securing the organization – and losing some sleep over it – this individual has another equally important task: to communicate the security risk, needs, and status to the company's management. After all, the level of security rises in direct proportion to the amount of invested resources, and management people are the ones who decide and allocate them. Since management people are not typically cybersecurity savvy, engaging them can be challenging – one must find the balance between high-level explanations, a direct c
5 Cybersecurity Tools Every Business Needs to Know

5 Cybersecurity Tools Every Business Needs to Know

May 23, 2019The Hacker News
Cybersecurity experts all echo the same thing – cyber attacks are going to get more rampant, and they will continue to pose severe threats against all technology users. Businesses, in particular, have become prime targets for cybercriminals due to the nature of data and information they process and store. 2018 saw a slew of data breaches targeting large enterprises that resulted in the theft of the personal and financial records of millions of customers. Falling victim to cyber attacks can deal with a major financial blow to businesses as the cost of dealing with an attack has risen to $1.1 million on the average. It can even be more devastating for small to medium-sized businesses. 60 percent of these smaller operations close within six months after failing to recover from cyber attacks. But aside from these monetary costs, companies can also lose credibility and their customers' confidence. Needless to say, businesses must improve the protection of their infrastructures
WEBINAR: How to Get Enterprise Cyber Security for your Mid-Sized Organization

WEBINAR: How to Get Enterprise Cyber Security for your Mid-Sized Organization

May 21, 2019The Hacker News
High-quality cybersecurity posture is typically regarded as the exclusive domain of the large and heavy resourced enterprises – those who can afford a multi-product security stack and a skilled security team to operate it. This implies a grave risk to all organizations who are not part of this group, since the modern threat landscape applies to all, regardless of size and vertical. What is less commonly known is that by following basic and well-defined practices and wise security product choices, any organization can level up its defenses to a much higher standard. "At the end of the day it comes down to strategic planning," says Eyal Gruner, CEO and co-founder of Cynet, "rather than thinking in term of specific product or need, zoom out and breakdown the challenge to its logical parts – what do you need to do proactively on an on-going basis, while you're under attack and when you manage a recovery process." From the various frameworks of security b
Advanced Breach Protection Demystified – Untold Truths On Security Beyond AV

Advanced Breach Protection Demystified – Untold Truths On Security Beyond AV

March 28, 2019The Hacker News
Doing business in today's connected world means dealing with a continually evolving threat landscape. With potential losses due to downtime following a breach, plus valuable client and proprietary information at risk, most organizations realize they cannot afford to be complacent. This puts extra onus on security IT teams, who are continuously left scrambling, looking for the best way to protect their organizations against the threats that bypass AV and firewall. Added to this is another challenge in that most organizations are limited in the resources they can invest in security. Many are left reliant on a single product on top of their security stack. Common practice in organizational security circles as they attempt to remain secure is to upgrade endpoint protection with EPP\EDR or a Network Analytic tool. But as we all know, what's common is not necessarily what's best. How can an organization ensure it remains secure, especially with all that is at stake?
Online Courses and Software

Sign up for cybersecurity newsletter and get latest news updates delivered straight to your inbox daily.