The White House's proposed $5.8 trillion budget for 2023 asks to increase spending 11% from this year with an emphasis on cybersecurity practices to improve defenses in both the private and public sectors. Funds were also requested to help close the talent gap, implement zero trust and more.
Google's threat analysis team has detected a new remote code execution flaw leveraged by North Korean nation-state attackers targeting cryptocurrency, fintech and other industries. Although not named in the report, there appears to be a link to the notorious Lazarus cybercrime group.
Two 20-year-olds have been charged in the U.S. for conspiring to commit wire fraud and launder money as part of a million-dollar scheme involving non-fungible tokens - or NFTs. The charges each carry a maximum sentence of 20 years in prison.
An Estonian national accused of causing more than $53 million in ransomware losses has been sentenced to U.S. federal prison for furthering and facilitating computer intrusions, the movement of fraudulently obtained goods and funds, and the monetization of stolen financial account information.
The ban on cryptocurrency transactions in China has led many users in the country to look for alternatives. But researchers from cybersecurity firm ESET say that threat actors have leveraged this scenario and targeted Chinese users by delivering Trojanized cryptocurrency wallet apps.
As President Joe Biden visits Europe this week, the U.S. and the European Commission announced they have agreed in principle to a new Trans-Atlantic Data Privacy Framework. Officials say it will foster cross-border data flows and address concerns raised by the EU Court of Justice in 2020.
In the latest weekly update, editors at Information Security Media Group discuss important cybersecurity issues, including the White House warning about escalated cyberthreats from Russia, the impact of the Russia-Ukraine war on the healthcare sector and why combating SIM swap fraud remains challenging.
Online attackers are increasingly targeting the financial services sector. John Fokker, head of cyber investigations at Trellix, says his firm has charted a 22% quarterly increase in ransomware attacks on financial services, and APT detections have risen by 37%. Here's how the industry must respond.
Police in London say they've arrested seven people that the BBC reports are tied to the Lapsus$ hacking group, which has claimed responsibility for data breaches involving Okta, Microsoft, Nvidia, Ubisoft and more. The names of the suspects, who are mostly teenagers, have not been released.
The Health Information Sharing and Analysis Center is closely assessing the Russia-Ukraine war to assist its members, as well as other healthcare sector entities, to prepare for the potential known and yet-unknown cybersecurity threats that could affect them, says H-ISAC President Denise Anderson.
The U.S. Department of Justice has indicted a 23-year-old Russian national for operating a cybercriminal marketplace that sold thousands of stolen login credentials, PII and authentication tools, according to U.S. Attorney Brit Featherston of the Eastern District of Texas.
The FBI's Internet Crime Complaint Center recently came out with a report stating that people have lost millions of dollars to SIM swap fraud. How are banks and telecom industries across the globe coming together to fight the menace? A panel of experts share their views.
The number of major health data breaches posted to the federal tally so far in 2022 - and the total number of individuals affected by those breaches - has surged in recent weeks as reports of large hacking incidents continue to flow in to regulators.
IT officials from Ukraine continue to call out alleged Russian cyberattacks. This comes as hacktivists have taken matters into their own hands in the digital underground. Also: NATO pledges additional cyber support, while President Joe Biden urges U.S. governors to bolster defenses.
The latest edition of the ISMG Security Report reviews the latest cyber resilience "call to action" from the White House and also explores authentication provider Okta's failure to inform hundreds of customers in a timely manner that their data could have been stolen by the Lapsus$ group.
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