In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the ransomware-as-a-service model shifted in 2021, the rise of fraud in faster payments and how to prevent it, and one CISO's take on the state of the industry.
The Department of Justice says it's thwarted a Sony Group insider who allegedly embezzled $154 million, converted the proceeds to bitcoin, and demanded a ransom payment to return the money. Authorities say the former Sony employee has been criminally charged in Japan.
Michael Lines is working with Information Security Media Group to promote awareness of the need for cyber risk management, and as a part of that initiative, the CyberEdBoard will post draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This post's chapter is...
For Raina Verma, head of fraud and forensics at Majid Al Futtaim, Retail, a holding company in Dubai that manages hotels and retail chains, data continues to be an important tool to uncover insider fraud. She discusses how to include contract employees in fraud strategy and offers tips on leveraging data.
As the workplace quickly evolves, people are working from everywhere
and accessing data from anywhere. Suddenly, CISOs must manage not
just external threats but countless risks from within, which always prove
more elusive and harder to detect or prevent than traditional external
ones. While the most common insider...
The U.K. High Court has upheld the U.S. government's request to extradite WikiLeaks founder Julian Assange, after receiving assurances about the conditions in which the 50-year-old would be held. Assange reportedly plans to appeal the ruling.
A medical biller in Florida and an emergency medical technician in New York have each pleaded guilty in two separate federal cases involving the criminal misuse of patient information. One case involved healthcare fraud and identity theft, and the other criminal HIPAA violations.
A former employee of a New York-based technology company, likely to be IoT technology company Ubiquiti, has been arrested for stealing confidential data and extorting his employer for nearly $2 million. If convicted, the suspect faces up to 37 years in prison.
The saying "Penny-wise, pound-foolish" is relevant when we talk to those friendly, knowledgeable finance people about ongoing employee screening due to the dreaded insider threat and the costs associated with it - which leads to us pulling out our hair in utter frustration. This rant is about that.
Pfizer has sued a former employee, alleging she uploaded to her personal devices and accounts thousands of files containing confidential information and trade secrets pertaining to the company's vaccines and medications, including its COVID-19 vaccine, to potentially provide to her new employer.
A federal grand jury has indicted the owner and manager of several medical testing labs for his alleged connection with more than $100 million in fraudulent COVID-19-related and other healthcare services billing using Medicare beneficiaries' private information.
As the COVID-19 pandemic persists, cybersecurity threats and related risks continue to grow, including ransomware, external threats and especially those involving healthcare insiders, says Denise Anderson, president of the Health Information Sharing and Analysis Center.
In the latest weekly update, four ISMG editors discuss: a federal judge imposing the maximum sentences on a hacker who pleaded guilty to conspiracy and aggravated identity theft, regulators getting tougher on cryptocurrency lending platforms and the return to in-person roundtables.
A compromise of sensitive health information affecting nearly 38,000 individuals discovered nearly a year after a terminated company executive accessed the data spotlights some of the top security and privacy challenges covered entities and business associates face with insiders.
A new self-assessment tool aims to help public and private sector organizations assess their level of vulnerability to insider threats, according to CISA. The agency also indicated this week it will keep its "rumor control" website active ahead of the 2022 midterm elections.