The latest edition of the ISMG Security Report features an analysis of the EU General Data Protection Regulation fines that have finally been imposed on Marriott and BA over serious data breaches each suffered. Also featured: Regional digital fraud trends, and a look at the CISO role and its responsibilities.
Victims of crypto-locking malware who pay a ransom to their attackers are paying, on average, more than ever before. But investigators warn that when victims pay for a guarantee that all data stolen during an attack will get deleted, criminals often fail to honor their promises.
California voters passed Proposition 24, the California Privacy Rights Act, on Nov. 3, which expands upon the recently activated California Consumer Privacy Act specifically when it comes to enforcement and how businesses handle personal data.
Attackers have been actively exploiting a flaw in Rackspace's hosted email service to send phishing emails, bearing legitimate and validated domain names, as part of business email compromise scams, warns IT security testing consultancy 7 Elements. Rackspace tells customers it plans to fix the problem soon.
A recently identified hacking group dubbed UNC1945 used a never-before-seen zero-day vulnerability in the Oracle Solaris operating system to target corporate networks and plant malware, according to FireEye Mandiant. This threat actor is known to focus on telecom, financial and consulting firm targets.
Brian Brackenborough, CISO, Channel 4, the British television network, and Nick Nagle, CISO, Security Critical, a U.K.-based consultancy company, discuss the lessons learned in 2020 and how they might impact the year ahead, agreeing that 2021 provides an "opportunity for a re-set."
Takeaway from the U.K.'s GDPR privacy fine against hotel giant Marriott: During M&A, review an organization's cybersecurity posture before finalizing any acquisition. Because once a deal closes, you're fully responsible for data security - IT network warts and all.
Despite the soaring list of customers reporting data breaches tied to the May ransomware attack on Blackbaud - and numerous legal actions filed against the company - the fundraising software vendor recently told Wall Street that it expects cyber insurance to cover the bulk of its costs associated with the incident.
The U.K. NCSC responded to over 700 cyber incidents over a 12-month period, 200 of which were related to the COVID-19 pandemic, according to the cyber agency's annual report. NCSC also notes that's it's preparing to step-up its response to cyber incidents involving the NHS and vaccine development.
Microsoft plans to patch on Nov. 10 a zero-day kernel vulnerability found by Google's Project Zero bug-hunting team. Google released the details of the flaw after a week because attackers are using it in the wild.
Payments companies must secure their APIs and enhance their authentication standards in line with The Reserve Bank of India's guidelines to make QR codes interoperable and boost the electronic payments ecosystem.
Large, recently levied privacy fines against the likes of British Airways, H&M and Marriott show regulators continuing to bring the EU's General Data Protection Regulation to bear after businesses get breached. But in the case of Marriott and BA, were the final fines steep enough?
Hotel giant Marriott has been hit with the second largest privacy fine in British history, after it failed to contain a massive, long-running data breach. But the final fine of $23.8 million was just 20% of the penalty initially proposed by the U.K.'s privacy watchdog, owing in part to COVID-19's ongoing impact.
Dave Snyder of Independence Blue Cross in Philadelphia has been in security leadership long enough to know: It's not about whether you have a technology foundation or lean more toward leadership. It's about having both, and about being a security evangelist, too.