Chicago-based CommonSpirit is still waiting to hear back on its insurance claim for an October 2022 ransomware attack, but the hospital chain said disruption of some facilities and "significantly" hampered billing and collection activities contributed to a $1.4 billion operating loss for the year.
Under new U.S. Securities and Exchange Commission rules, companies must disclose material cybersecurity incidents and annually report on cybersecurity risk management, strategy and governance. Alex Hamerstone, advisory solutions director at TrustedSec, discussed the challenges ahead.
A late-stage SASE startup led by a serial entrepreneur hauled in a massive equity investment to address the feature and capability needs of large enterprises. The $238 million in funding will allow Cato Networks to more tightly align CASB and DLP with SASE to safeguard cloud apps and sensitive data.
Increased engagement from boards on digital transformation initiatives around cloud and AI adoption has spurred greater investment in cybersecurity, said Google Cloud CISO Phil Venables. Systems built and designed decades ago have become increasingly difficult to secure, he said.
The Hong Kong Consumer Council said it had detected a severe ransomware attack on Wednesday that compromised 65 gigabytes of data, including employee and client information, internal records and possibly the data of current and former staff and their family members.
An Ohio community college is notifying 290,000 people of a data theft breach this spring that may have compromised their personal and health information. Security researchers say small schools such as this are now favored targets. Some 80% of schools have reported hacking incidents in the past year.
Indian government officials say they may delay enforcement of the new Digital Personal Data Protection Act to give small businesses and healthcare organizations more time to comply. A decision on the deadline will come sometime after the appointment of a Data Protection Board in the next 30 days.
Cisco's proposed $28 billion buy of Splunk allows businesses to move from threat detection and response to threat prediction and prevention by combining XDR and SIEM. The deal brings together Cisco's newly released XDR platform with Splunk's long-standing SIEM technology.
WatchGuard purchased a Massachusetts company to extend network detection and response capabilities traditionally reserved for high-end enterprises to the midmarket through MSPs. The deal gives WatchGuard clients more visibility into east-west network traffic and activity taking place on the cloud.
Federal authorities are warning of "significant risk" for potential attacks on healthcare and public health sector entities by the North Korean state-sponsored Lazarus Group involving exploitation of a critical vulnerability in 24 Zoho ManageEngine products.
This week, ISMG editors covered the hot topics at ISMG's London Cybersecurity Summit 2023, including the technical landscape of AI, executive liability, incident response strategies in the face of a global ransomware attack and how to build personal resilience to avoid burnout.
Enterprises are grappling with constantly changing technologies and new stakeholders, making it hard for security teams to achieve both cyber maturity and long-term sustainability. Standardization plays a critical role in cyber resilience, said Sunil Varkey, former CISO of Wipro and Idea Cellular.
The Ukraine war underscores the threats posed by cyberwarfare. India faces its own threats, which means public and private sectors need to work together to defend against nation-state attacks, according to retired Lt. Cdr. Antony KM, vice president of internal audit and cybersecurity at NAB India.
Any healthcare organization that embeds tracking technologies in its website should carefully review whether it is inadvertently violating HIPAA or other federal regulations, said Nick Heesters, senior adviser for cybersecurity at the Department of Health and Human Services' Office for Civil Rights.
A spate of high-profile ransomware attacks shows that the Asia-Pacific region is squarely in the crosshairs of cybercriminal groups, and some fear that attackers are turning to smaller, regional businesses even less prepared to defend themselves. Expert weigh in on defensive strategies.
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