The SEC voted 3-1 to advance new, mandatory cybersecurity rules for registered investment advisers, companies and funds. The proposal - open for a 30-day public comment period - would require entities to adopt and implement written cybersecurity policies and a 48-hour incident reporting mandate.
Are ransomware-wielding criminals running scared? That's one likely explanation for the sudden release this week of free, master decryption keys for three different strains of formerly prevalent ransomware: Maze, Sekhmet and Egregor.
Michael Hamilton, CISO at security firm Critical Insight, discusses health data breach trends. The bad news: The number of major breaches reported to regulators in 2021 hit a record high. The good news: The rate of breaches reported last year compared to 2020 appears to be slowing down.
This edition of the ISMG Security Report analyzes what prosecutors say is the biggest cryptocurrency seizure in U.S. history as well as the biggest financial seizure. It also details how a school district CISO resigned over the district's handling of a severe data breach and busts Zero Trust myths.
Equifax has agreed to a settlement for the 2017 data breach that exposed the personal information of 147 million people. The settlement with the U.S. Federal Trade Commission, the Consumer Financial Protection Bureau and 50 U.S. states and territories includes up to $425 million to help victims.
The European Central Bank, the central bank of the 19 EU countries using the euro, has reportedly warned against potential Russian cyberattacks, and EU banking institutions are reportedly conducting cyber war games to test resiliency against a potential cyber offensive, according to Reuters.
Federal authorities are again warning healthcare and public health sector entities about potential threats posed by ransomware-as-a-service group LockBit 2.0, despite the cybercrime gang's claim that it does not target healthcare organizations.
A "deliberate and malicious" cyberattack struck Vodafone Portugal, including its 4G/5G network, fixed voice, TV, SMS and voice/digital answering services. ATM networks of large banks connected to its 4G network were also disrupted. The company says its 4G network has now been partially restored.
The arrest of a married New Yorker couple, charged with laundering bitcoins worth $3.6 billion that were stolen from a currency exchange in 2016, highlights the risk facing anyone who wants to launder large amounts of cryptocurrency and stay free long enough to enjoy their alleged rap career.
The FBI has seized $3.6 billion in cryptocurrency that it says traces to the 2016 theft of 119,754 bitcoins from the Bitfinex virtual currency exchange. A married New York couple who styled themselves as technology entrepreneurs has been charged with laundering the stolen friends.
As a CISO in financial services, Bradley Schaufenbuel of Paychex enjoys the velocity of change - no two days are alike. But with that pace comes a corresponding uptick in supply chain risk, which adds a new degree of difficulty to an already challenging leadership role.
Swissport, a global company that provides aviation-related services, confirmed it was hit by a ransomware attack on Thursday. The incident has now been contained, and a full system cleanup and recovery process is underway with no significant delays in sight, a company spokesperson says.
Threat actors have replicated the Armaan and Hamraaz apps used by Indian Army personnel, and injected malware capable of reading SMS, live location and contacts on mobile devices. The malware also allows access to audio files, including phone recordings, MalwareHunter Team and Cyble researchers say.
The U.S. Department of Justice's Transnational Elder Fraud Strike Force has indicted six India-based call centers for using IRS scams that targeted U.S. senior citizens. Indian law enforcement agencies have also been cracking down on fake call centers running IRS-related fraud.
As information security officer at MVB Financial Corp., Cara Coleman says the single biggest cybersecurity threat is just keeping up with the pace of attacks - and understanding the sophistication and trickery of the broad range of attackers. Here's how she tackles the challenge.
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