ISMG Editors: Ransomware Groups Aiming for Smaller Targets
Source: Data Breach Today
Also: BEC Attack Headaches and Inside the Nomad Bridge Hack
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity and privacy issues, including key takeaways from ISMG's recent Government Summit, how hackers siphoned nearly $200 million from cryptocurrency bridge Nomad and how midsized businesses are the new frontier for ransomware demands.
Twilio Customer Data Breached via SMS Phishing of Employees
Source: Data Breach Today
'Reset Your Password' SMS Messages Tricked Customer Engagement Platform Employees. What begins with "the security of our customers' data is of paramount importance" and ends with a pledge "to help impacted customers in every way possible"?
How To Reduce Authorized Payment Fraud
Source: Data Breach Today
David Lott of Atlanta Federal Reserve on What Makes These Scams Hard to Detect. What makes authorized payment scams hard to detect? David Lott, payments risk expert with the Federal Reserve Bank of Atlanta, says the speed and volume of transactions hinders banks in monitoring for fraud, which makes criminals very happy.
Ransomware Leak Site Listings Invite Follow-On Attacks
Source: Data Breach Today
Victims Often Attacked Simultaneously by Multiple Ransomware Groups. Being listed on a ransomware leak site isn't just embarrassing - it may also be an invitation for a follow-up attack by other ransomware gangs betting that the original vulnerability has gone unpatched.