The March SamSam ransomware attack in Atlanta is reported to have cost the city $17 million to resolve. The attackers had asked for a $51,000 bitcoin ransom, which the city refused to pay. But Gartner Research analyst Avivah Litan stresses that paying ransoms has more cons than pros.
If India's proposed data protection bill is enacted into law, Indian organizations that must also comply with the EU's General Data Protection Regulation would have to focus, first and foremost, on compliance with India's new law, says Rahul Sharma, founder of The Perspective, which focuses on cyber policy.
Unsupervised machine learning is essential to mitigate the sophisticated cross-channel fraud techniques attackers are using to take advantage of the multiple silos and security gaps at financial institutions, says ThetaRay's James Heinzman
Leading the latest edition of the ISMG Security Report: An analysis of why it may be too late to secure the 2018 U.S. midterm elections. Also: A close look at the Anthem breach lawsuit settlement and a report on ransomware recovery lessons learned.
In an exclusive, in-depth analysis, a panel of experts says the proposed personal data protection and privacy bill, prepared by the Justice B. N. Srikrishna committee, has many gaps and some provisions that could prove challenging to implement.
Kaspersky Lab has discovered a new form of malware it calls Dark Tequila that has been targeting users in Mexico and stealing bank credentials and other personal and corporate data. The malware can move laterally through a computer while it's offline, says Dmitry Bestuzhev, a Kasperksy researcher.
A phishing attack on Wednesday fueled by the Necurs botnet targeted at least 2,700 banking institutions of various sizes in the U.S. and around the world, explains Aaron Higbee of Cofense, which detected the attack.
When taking steps to guard against fraudulent transactions through contactless payments, organizations must carefully balance the level of security versus customer convenience, says Sriram Natarajan, COO at Quatrro.
Leading the latest edition of the ISMG Security Report: Chris Morales of the cybersecurity firm Vectra discusses how the industrial internet of things is changing the nature of industrial espionage and disruption.
Artificial intelligence and machine learning will have a significant impact on lowering the cost of securing an organization because it will reduce the need for advanced skillsets, predicts Rapid7's Richard Moseley.
Many medical device makers appear to building better cybersecurity into their products, but some manufacturers are still avoiding fixing vulnerabilities in legacy devices that pose potential safety risks, says security researcher Billy Rios, who discusses the latest flaws in some Medtronic cardiac devices.