In the latest weekly update, ISMG editors discuss the lasting effects of the takedown of the Hive ransomware group, why the U.S. government is warning of a surge in Russian DDoS attacks on hospitals, and why the lack of transparency in U.S. breach notices is creating more risk for consumers.
Banks must rethink their risk management approach in order to be more cyber resilient, says Simon Onyons, managing director, EMEA, cybersecurity with FTI Consulting. The Financial Service Authority in Indonesia recently issued new cybersecurity requirements for the banking industry in the country.
Criminals lately have been prioritizing two types of attacks: exploiting Remote Desktop Protocol and penetrating cloud databases. So warns cyber insurer Coalition, based on analyzing in-the-wild attacks seen in 2022 via underwriting and claims data, scans of IP addresses and honeypots.
Another day, another crypto hack: A hacker on Wednesday exploited a smart contract vulnerability on a decentralized platform to steal cryptocurrency. The attacker got away with either $120 million or $1 million, depending on whom you ask. It's complicated.
A Scottish school system decided not to use facial recognition in its secondary school cafeterias after international outcry. The U.K. Information Commissioner's Office said Tuesday that the North Ayrshire Council failed to obtain freely given consent for the system.
Federal regulators hit Banner Health, which operates hospitals and other care facilities in multiple states, with a $1.25 million HIPAA settlement in the wake of a 2016 hacking incident that affected nearly 3 million individuals. Banner Health will also implement a corrective action plan.
Executives underestimated the security risk associated with operational technology based on the erroneous belief that OT networks are highly segmented or air gapped. But COVID-19 made executives realize their OT networks are more connected than they previously thought, says Dragos CEO Robert M. Lee.
While malicious wipers have stolen most of the headlines in the Russia-Ukraine cyberwar, investigators say Russians are now using modified GammaLoad and GammaSteel info stealer malware to spy on compromised government employee accounts and avoid detection. The attack begins with a phishing email.
Organizations have struggled to understand why APIs are so strategic even though they're an intrinsic way businesses interface with their software, according to Checkmarx CEO Emmanuel Benzaquen. He says API abuse is slated to become one of the most common types of web application data breaches.
The insider threat hacker who attempted to extort $1.9 million out of Ubiquiti Networks faces sentencing in May after pleading guilty to three crimes in federal court. The hacker, Nickolas Sharp, was the company's cloud lead and was on the team remediating the security incident he caused.
Splunk has infused its SIEM with user behavior analytics and threat intelligence to better identify anomalies and understand what's going on in a customer's environment, says CEO Gary Steele. Adding UEBA to the SIEM makes it easier for organizations to identify, detect and remediate anomalies.
The BlackCat ransomware-as-a-service group says it's selling 2 terabytes worth of military data including classified documents culled from Indian explosives and propellant manufacturer Solar Industries. Ransomware criminals say they've stolen specifications of rocket propellant and warheads.
Praveen Kumar, group CISO of Zee Entertainment Enterprises, says the market has failed to provide enough solutions to isolate the network when an attack happens. While a zero trust approach helps, there are not enough tools available in the market, he adds.
Lacework has debuted an attack path analysis tool to help organizations understand the havoc specific threats could wreak within their cloud infrastructure, says CEO Jay Parikh. The company helps customers prioritize which risk elements inside their infrastructure should be addressed first.
The Russia-Ukraine war has had huge economic consequences for Eset, given that the Slovakian vendor was the largest cybersecurity company in Ukraine and second-largest in Russia. The decision to halt sales in Russia and a spending slowdown in Ukraine due to the war hurt Eset, says CEO Richard Marko.
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