What action can companies take to help prevent occupational fraud by insiders? Ganeshwaran Thuraisingham of the Association of Certified Fraud Examiners shares some important steps taken by the association in the APAC region to build awareness of emerging fraud trends and how to mitigate risks.
The sentencing this week of a medical researcher who pleaded guilty in a federal case involving conspiracy to steal trade secrets from a children’s hospital and sell them to China spotlights the growing risks to medical intellectual property posed by insiders.
Ransomware attacks continue to pummel organizations, but fewer victims have been paying a ransom, and when they do, on average they're paying less than before, says ransomware incident response firm Coveware, which traces the decline to attackers failing to honor their data deletion promises.
Does your organization have a plan in place if one of your employees is accused of being an insurrectionist? If your software was being used to spread plans for a riot, could you detect that? Threat modeling expert Adam Shostack discusses how companies should be prepared to respond to issues in the news.
Intel is investigating an incident in which an unauthorized person accessed a portion of the company's latest quarterly financial report, forcing the chipmaker to release its earnings slightly earlier than planned.
In defining an IAM strategy for the cloud, CISOs need to automate the processes of provisioning, de-provisioning, monitoring and auditing as well as implementing federated access and API integration, says Rushdhi Mohammad, information security officer at the Industrial Bank of Kuwait.
Ticketmaster has agreed to pay a $10 million criminal fine to resolve charges that the company illegally accessed an unnamed competitor's computer system on at least 20 separate occasions, using stolen passwords to conduct a cyber espionage operation.
To enhance organizations' security postures in the year ahead, CISOs must strengthen authentication processes, increase the use of network segmentation tools and deploy effective threat intelligence capabilities, two CISOs recommend.
Italian authorities arrested two employees of the Italian defense contractor Leonardo S.p.A. for installing a backdoor Trojan into the company's systems and exfiltrating 10GB of data over a two-year period, according to local law enforcement officials.
Adopting a "security by design" approach and weaving it into the digital transformation road map helps organizations defend against cyberthreats, says Reem AlShammari, CISO at Kuwait Oil Co., who also advocates threat information sharing.
Darkside is the latest ransomware operation to announce an affiliate program in which a ransomware operator maintains crypto-locking malware and a ransom payment infrastructure while crowdsourced and vetted affiliates find and infect targets. When a victim pays, the operator and affiliate share the loot.
COVID-19 accelerated everything else digital; why not fraud, too? In this latest CEO/CISO panel, cybersecurity leaders talk frankly about the pace and scale of new fraud schemes from business email compromise to card not present to insider risk.
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.