The U.S. Department of Commerce has formed a landmark supply chain agreement with 13 countries in the Indo-Pacific region that will go into effect Feb. 24. The agreement provides a framework to secure critical supply chains from disruptive events such as cyberattacks and armed conflicts.
A U.K. parliamentary committee scrutinizing the artificial intelligence market urged the British competition regulator to closely monitor developers of foundation models and warned against regulatory capture. Already, the market is trending toward consolidation, said a House of Lords committee.
Mastercard, a global leader in payments, is expanding its use of artificial intelligence beyond traditional applications. The company has deployed AI to prevent fraud and enhance customer experience, efficiently handling a 20% increase in inquiries and navigating through extensive manuals.
Financial giant EquiLend Holdings said it's brought back online multiple systems, including its NGT platform that handles securities lending transactions worth $2.4 trillion every month, following an outage triggered by ransomware-wielding attackers gaining unauthorized access to its systems.
Remote desktop application provider AnyDesk acknowledged that hackers recently had gained unauthorized access to the company's production systems in a cyberattack. The firm said it has revoked all security-related certificates as a precaution and is rolling out a new code-signing certificate.
In the latest weekly update, ISMG editors discussed the potential role of AI in cloud security, how the recent cyberattack on Microsoft by Russian state hackers highlighted the vulnerabilities associated with legacy systems, and how to secure APIs in the age of zero trust.
Welcome to "Cyber Fail," where our experts uncover fails so we can all strengthen our defenses. Today, we examine what happens when ransomware groups get careless, application developers' laissez-faire attitude toward vulnerabilities, and the security woes of a beleaguered crypto exchange.
Two Chicago hospitals are navigating the effects of recent cyberattacks. One, a children's hospital, has taken its IT network offline to respond to an incident, and the other, a nonprofit safety-net hospital, is being shaken down by cybercriminals asking for a hefty ransom in return for stolen data.
The number of victims who opt to pay a ransom appears to have declined to a record low. During the last three months of 2023, an average of 29% of organizations hit by ransomware paid a ransom - a notable shift from what ransomware watchers saw in recent years.
A top U.S. banking lobbyist told a Senate panel Thursday there are limits to what financial institutions can do to stop scammers from draining individual banking accounts and called on regulators such as the Federal Communications Commission to do more to combat caller ID spoofing.
The Federal Trade Commission is the latest regulatory agency taking action against fundraising and customer relationship management software provider Blackbaud in the aftermath of a 2020 ransomware incident that compromised the data of tens of thousands of clients and millions of consumers.
This week, former CIA programmer gets 40-year sentence, zero trust prevents widespread damage, possible ransomware attack in Georgia, alleged hacker detained in Ukraine, USB-spread malware in Italy, LockBit attack on non-bank home mortgage lender, and Ukrainian critical infrastructure disrupted.
South Korean President Yoon Suk Yeol expects North Korea to interfere with the upcoming legislative elections and warned citizens to prepare for waves of cyberattacks, fake news and disinformation. Investigators believe North Korea conducted 80% of the attacks on public sector organizations in 2023.
This week, a Ripple co-founder and a karaoke platform were hacked, Mexican crypto banks were targeted, authorities seized crypto in the U.S. and Germany, the DOJ made charges in crypto cases, people pleaded guilty to money laundering and SIM swapping, monero was traced, and FTX will not restart.
The FBI announcing that it has forcibly removed "KV Botnet" Chinese nation-state malware from "hundreds" of poorly secured SOHO routers across America highlights the risk posed by the growing volume of outdated IoT devices. The FBI's fix is temporary, and we need a more permanent solution.
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