The ISMG Security Report features Chris Painter, commissioner of the Global Commission on the Stability of Cyberspace, discussing cybersecurity policy for the 2020 U.S. elections. Plus, an update on the cost of the Norsk Hydro ransomware attack and the challenges of controlling real-time payments fraud.
An essential component of protecting payment information is devaluing the data that is transmitted so it's of no use to hackers, says Lance Johnson, executive director of the PCI Standards Security Council.
Norsk Hydro reports that a March 18 ransomware attack has already cost the aluminum manufacturer more than $40 million, and the company continues to bring its systems back online.
Shortly after a massive data breach affected up to 50 million accounts last September, Facebook didn't believe the incident needed to be reported under Australia's mandatory breach notification law. While Facebook voluntarily notified all users, emails show the company initially underestimated the breach.
New studies debut every day in the cybersecurity field. But how does one separate true research from marketing hype? Researchers Wade Baker and Jared Ettinger discuss the distinguishing qualities of credible studies.
Beazley Breach Response Services, a unit of global insurance company Beazley, reports that nearly half of the more than 3,300 breaches it investigated last year traced to a hack attack or malware infection. And half of those hacking/malware attacks were tied to business email compromise schemes.
A sophisticated attack campaign dubbed "Operation ShadowHammer" involved an advanced persistent threat group planting backdoors within Asus computers by subverting the Taiwan-based PC maker's third-party supply chain and updater software, Kaspersky Lab warns.
Victims of hurricanes, wildfires and other disasters now face a second hit: The U.S. Federal Emergency Management Agency inadvertently shared 2.3 million disaster survivors' personal data of with an agency contractor, leaving victims at increased risk from fraud and identity theft.
What's hot on the cybersecurity legal front? For starters, in 2018, the U.S. Department of Justice indicted twice as many alleged state-sponsored attackers than it had ever indicted, says Kimberly Peretti of Alston & Bird.
India is gradually entering into the league of those nations where critical infrastructure is controlled by the cyber architecture and therefore, naturally becoming an attractive target for the enemies of the state and countries, says S N Pradhan, director general of NDRF, Ministry of Home Affairs.
Karl Racine, the attorney general for Washington, D.C., is looking to strengthen the District's data breach laws, specifically by offering greater protection for consumers and holding businesses accountable when they are breached or lose data.
Since the EU's new GDPR privacy law came into effect in May 2018, one challenge for organizations that suffer a breach is knowing whether or not they must report it to authorities, says Brian Honan, president and CEO of BH Consulting in Dublin.
Life after WannaCry and NotPetya: Europol, the EU's law enforcement intelligence agency, wants member states to be able to rapidly respond to the next big cyberattack against Europe. But with warnings of ongoing Russian election interference campaigns, the next big attack may already be underway.
A decade or more ago, this would have been unthinkable: Microsoft developing an anti-malware platform for macOS. But Windows Defender ATP is now available for Macs via a limited preview. Microsoft says the move will help protect customers running non-Windows machines.
The latest edition of the ISMG Security Report discusses the recent ransomware attack on aluminum giant, Norsk Hydro. Plus, confessions of a former LulzSec and Anonymous hacktivist, and the growing problem of cyber extortion.
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