Leading the latest edition of the ISMG Security Report: Inside the darknet marketplaces that serve cybercrime-as-a-service buyers and sellers. Also, why the healthcare sector remains so bad at detecting data breaches and blocking ransomware.
In a budget speech, India's finance minister announced the launch of a "cyberspace mission" and an effort to promote the use of several new technologies, including blockchain, to bolster the nation's data security. Security experts offer mixed reviews of the announcements.
The number of data breaches reported by U.S. organizations reached an all-time high last year. In 2017, organizations that described how bad their breach was - and one-third did not - collectively lost 14 million payment cards and 158 million Social Security numbers, according to the Identity Theft Resource Center.
The U.S. government's idea to take the reins of the development of 5G mobile networks has been met with cynicism and criticism. But there are goods reasons the government is worried: Standards haven't been set in stone yet, and 5G will present a bevy of new security challenges. Here are some of them.
The White House, fearing China is spying on phone calls, has suggested that the U.S. government take a primary role in marshaling the development of secure 5G networks. But would nationalizing 5G networks make them more secure?
Coincheck, a Tokyo-based exchange, says it suffered a hack attack that led to the theft of $530 million worth of XEM cryptocurrency from its hot wallet. But the developers of XEM say they are tagging all accounts that receive the stolen funds to stop it from being converted to cash.
In the wake of a ransomware attack that disrupted patient care services for hundreds of Allscripts' customers, a class action lawsuit has been filed against the cloud-based electronic health records vendor for allegedly "failing to secure its systems and data from cyberattacks."
How much does it cost to buy cybercrime-enabling products or services? Just $5 and up, security researchers say. Law enforcement agencies warn that small-time players as well as "serious and organized" crime rings are using cybercrime as a service to make illicit profits.
Leading the latest edition of the ISMG Security Report: Ransomware crypto-locks customer data stored by a cloud-based service provider. Also, there's a move afoot to use blockchain technology to better protect people's personally identifiable information.
Deception technology can play an important role in intrusion detection because it can help track lateral movements of intruders, says Felix Mohan, CEO at CISO Cybersecurity, who clears up some myths about the technology.
As the internet of things plays a bigger role in many business sectors in Asia, the process of securing IoT must evolve, says Aseem Jakhar, co-founder and director of research and development at Payatu Technologies, a security services organization, who describes important steps to take.
Organizations in the Middle East and Central Asia are beginning to respond to the nuances of the evolving threat landscape in the region, says Tata Communication' Avinash Prasad in this exclusive interview.