Email Scammers are Stealing Billions from American Companies

Here is the weekly roundup :

Report: DDoS Attacks Are up 80% in Q2 2016
A new threat report released by a security solutions firm has revealed that the second quarter of 2016 has seen an increase in the number of DDoS attacks by up to 83%.

Email Scammers Are Stealing Billions from American Companies
In a cybersecurity conference held in New York City on Tuesday, FBI assistant director of the federal agency’s cyber division James C. Trainor Jr., has revealed an increasingly common email scam that sees billions of dollars stolen from American companies.

Illinois Republican Lawmaker Resigns Due to CyberSecurity “Issues”
State representative Ron Sandack, a major Republican lawmaker in Illinois has announced his resignation from the Illinois House, citing “cybersecurity issues” that he has faced in recent days.

Library of Congress Fends Off Massive DDoS Attack
The US Library of Congress has fought off a significant DDoS attack, officials have revealed. This is not the first time that a large agency or organization has been targeted with this kind of denial of service, and it certainly won’t be the last.

Interesting Reading From Around the Web

Vulnerabilities Prove Your LastPass Passwords Are Not As Safe As You'd Hope
Vulnerabilities in LastPass, one of the world’s most popular password managers, make such a nightmare scenario possible, according to two security researchers. Google's Tavis Ormandy has uncovered what appear to be significant zero-day flaws that could allow access to LastPass users’ logins.

Kimpton Hotels Probes Card Breach Claims
Kimpton Hotels, a boutique hotel brand that includes 62 properties across the United States, said today it is investigating reports of a credit card breach at multiple locations.

New US Cybersecurity Plan Makes It Easier for Businesses to Get Help After An Attack
US President Barack Obama recently published a policy directive for cyber incident coordination, which outlines how the government should respond to cybersecurity attacks.

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SANS Data Breach Summit
Chicago, IL, August 18
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Featured Article

Insider vs. Outsider Data Security Threats: What’s the Greater Risk?

LIFARS talks about a company's data security. To gain more insight into the threats posed by insiders vs. outsiders and how companies can effectively mitigate these risks, Digital Guardian asked a panel of data security pros to answer this question: What's more of a threat to a company's data security: insiders or outsiders?

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