Top 10 Stories

The Bank of Spain's website has been hit since Sunday by a cyber attack which has temporarily disrupted access to the site, a spokesman for the central bank said on Monday. The spokesman said that the attack has not had any effect on the bank's services or its communications with the European Central Bank or other institutions and that there was no risk of a data breach. View full story ORIGINAL SOURCE: Euro News

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The vast majority of businesses think data protection is important or mission-critical for digital and IT transformation projects, but they lack the technological provisions to provide good data protection assurance. In a study conducted for Zerto, International Data Corporation (IDC) found that 90% of organizations do not consider themselves IT-resilient, despite aiming to achieve this goal. View full story ORIGINAL SOURCE: Security Boulevard

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The Valimail Q2 2018 Email Fraud Landscape shows that fake email continues to be a serious problem, with an estimated 6.4 billion fake emails sent every day. That total includes only exact-domain sender spoofing, in which senders put a fake email address in the From: field of their messages. This is one of the most difficult to detect and damaging types of fake emails. For example, the FBI recently reported that business email compromise (BEC) costs have...

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Over 90% of respondents do not consider their organization to be IT resilient and nearly half have suffered an unrecoverable data event in the last three years, according to IDC. While the majority of businesses surveyed have a cloud, digital transformation or modernization project already planned for the next two years, these same businesses rate themselves as immature on resilience objectives. This gap highlights the current demands on IT teams who are being tasked with cloud...

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T-Mobile USA announced a security breach late last night. The company says its cyber-security team discovered and shut down unauthorized access to its customers' data on Monday, August 20. The telco says an attacker was exfiltrating personal data such as customer names, billing ZIP codes, phone numbers, email addresses, account numbers, and account types (prepaid or postpaid). T-Mobile said the hacker (or hackers) did not gain access to passwords, social security numbers, or any financial...

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U.S. Democratic National Committee officials incorrectly interpreted security testing conducted on behalf of Michigan Democrats as a sign foreign hackers were looking to attack a party voter database, a DNC source said on Thursday. The DNC earlier on Thursday blamed the incident on a “third party” who built a mockup of the party’s VoteBuilder site in a security simulation. View Full Story ORIGINAL SOURCE: Reuters

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A banking trojan malware scheme most likely run by a cyber criminal gang is ramping up its operations by targeting several new financial institutions in a previously untargeted region in what security researchers warn could be a test run for launching a global campaign. BackSwap banking malware first appeared in March and operates like other trojans in that it has the end goal of stealing bank details and draining accounts. View Full Story ORIGINAL SOURCE: ZDNet

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Worldwide spending on information security products and services will reach more than $114 billion in 2018, an increase of 12.4 percent from last year, according to the latest forecast from Gartner. In 2019, the market is forecast to grow 8.7 percent to $124 billion. View Full Story ORIGINAL SOURCE: Helpnetsecurity

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Report - More than half of companies making the switch to the cloud risk losing data. Although more businesses are moving to the cloud, especially when it comes to running virtual machines, Druva has warned that more than half of those using the cloud are at risk of losing their data because of poorly implemented data management policies. View Full Story ORIGINAL SOURCE: Cloud Pro

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Lazarus Group, the North Korean hackers who hacked Sony Films a few years back, have deployed their first Mac malware ever, according to Russian antivirus vendor Kaspersky Lab. In a report shared with Bleeping Computer in advance, Kaspersky researchers reveal that Lazarus Group penetrated the IT systems of an Asia-based cryptocurrency exchange platform. View Full Story ORIGINAL SOURCE: Bleeping Computer

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