Top 10 Stories

A former commodities investor client of SS&C Technologies has sued the Wall Street technology firm for allegedly falling for a phishing scam by China hackers, according toCNBC last week. Tillage Commodities Fund claimed SS&C Technologies wired almost $6m of its funds to the hackers back in March and the email scam has taken it offline temporarily. Tillage alleges SS&C Technologies, its fund administrator, ignored its own protocol, resulting in the lost funds. Tillage stated in a...

We’ve seen some rather nasty ransomware making the rounds over the past few months, but a new strain is wreaking havoc on computers around the globe. Brazilian firm Morphus Labs first discovered the Windows-based ransomware, which has been given the name Mamba. So far, Mamba has been found on computers located in Brazil, India and even the United States. According to Morphus Labs researcher Renato Marinho, Mamba has been spreading as a result of people being tricked into interacting...

A U.S. lawmaker has introduced two bills to protect voting systems from hacking, amid fears that Russian cyber spies may be interfering with this year's presidential election. Representative Hank Johnson, a Democrat serving Georgia, is proposing a moratorium on state purchases of electronic voting machines that don't produce a paper trail. His Election Integrity Act, introduced Wednesday, would also prohibit voting systems from being connected to the internet as a way to prevent online tampering. The high-profile hack of...

Malware writers have penetrated the website of hair-dye-for-greying-blokes outfit Just For Men, foisting a password-stealing trojan at visitors, Malwarebytes researcher Jerome Segura says. Attackers are using the RIG exploit kit, which recently dethroned Neutrino as the most popular of the off-the-shelf crime kits that make exploitation easier for black hats. Just For Men parent company Combe updated the site from a vulnerable version of WordPress following a tip off from Segura. "Our automated systems detected...

Following many months of research, security researchers out of China this week announced that they successfully managed to hack a Tesla Model S and assume control over many of the vehicle’s controls. The hack was disclosed by researchers from Keen Security Lab who noted that their remote exploit worked whether or not a targeted Model S was parked or driving. The researchers note that the exploit works by compromising the car’s CAN bus, a process which...

Data breaches increased 15% in the first six months of 2016 compared to the last six months of 2015, according to Gemalto. Worldwide, there were 974 reported data breaches and more than 554 million compromised data records in the first half of 2016, compared to 844 data breaches and 424 million compromised data records in the previous six months. In addition, 52% percent of the data breaches in the first half of this year did...

Attacking high profile websites and companies, stealing huge databases and dumping the data online seem to be the latest trend in the hacking community. In the latest breach, nearly 324,000 users have been affected as a payment gateway BlueSnap or its affiliate RegPack became a victim of data breach. The data has been dumped in a file that has been titled Bluesnap_324K_Payments.txt. None of these companies has admitted that a data hack has occurred. The worst part...

Smartphone news and reviews site MoDaCo has admitted to a data breach. MoDaCo founder, Paul O’Brien confirmed a security leak (first reported by haveibeenpawned), while playing down its significance. Email and IP addresses together with (hashed) passwords and usernames for up to 875,000 MoDaCo accounts were dumped online. Early suggestions are that the breach happened in January 2016. Indications are that a compromised admin account was the root cause of the breach. View full story ORIGINAL SOURCE: The...

A Cybersecurity Ventures study stated there will be 1 million cybersecurity jobs open worldwide in 2016, with the vast majority of the these being in the United States. This figure is expected to rise to 1.5 million by 2019. Gary Hayslip, deputy director and CISO for San Diego gave Cybersecurity Ventures noted that the dearth of prospects is part of the problem, but some of the blame should be attached to those doing the hiring along with...

A federal court in Washington DC has issued a summons to the FBI after a group of media organizations filed a suit compelling them to release details about how they hacked an iPhone belonging to one of the San Bernardino killers. On Friday, the Associated Press (AP), Gannett newspapers and Vice Media filed a lawsuit to compel the FBI under the Freedom of Information Act (Foia) to reveal details about the way they gained access earlier this...