Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
To protect manufacturing operations and data, there are some important cybersecurity gaps to address. Cybersecurity company Lookout explains how to close the five most common security gaps in manufacturing, which are created as a result of digital transformation.
The Brazilian government has confirmed that its National Treasury fell victim to a ransomware attack on Aug. 13. The scope of the incident remains unclear, although officials say it did not damage structural systems.
The consultancy Accenture, which offers cybersecurity services, confirmed Wednesday it had been hit by a cyber incident. The ransomware gang LockBit took credit for the attack.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including improving federal agencies' cybersecurity and businesses recovering from the pandemic's impact.
A seemingly nonstop number of ransomware-wielding attackers have been granting tell-all media interviews. One perhaps inadvertent takeaway from these interviews is the extent to which - surprise - so many criminals use lies in an attempt to compel more victims to pay a ransom.
The ransomware landscape changes constantly as groups disappear, change approaches or rebrand. The DoppelPaymer operation, for example, appears to have reinvented itself as Grief, while the administrator of Babuk has launched a ransomware-friendly cybercrime forum called RAMP.
Researchers are warning of three zero-day vulnerabilities in Kaseya's Unitrends cloud-based enterprise backup and disaster recovery technology. The news comes after a July 2 ransomware attack exploiting flaws in Kaseya's VSA software had a major impact.
Europol says the "No More Ransom" project, a portal launched five years ago, so far has helped more than 6 million ransomware victims worldwide recover their files for free so they could avoid paying almost 1 billion euros ($1.2 billion) in ransoms.
Remote management software company Kaseya says it obtained the ability to decrypt all victims of a massive REvil - aka Sodinokibi - attack via its software, without paying a ransom to attackers. But Kaseya has still not revealed how it obtained the decryption key, except to say it was supplied by a third party.
Good news on the ransomware front: The average ransom paid by a victim dropped by 38% from Q1 to Q2, reaching $136,576, reports ransomware incident response firm Coveware. In addition, fewer victims are paying a ransom simply for a promise from attackers to delete stolen data.
With corporate America beginning to ask employees to come back to their offices in the fall, cybersecurity teams have the huge task of ensuring that the work environment is safe. This is particularly true of IoT devices, as many have been left unprotected for months.
A short-lived outage at the content delivery network supplier Akamai on Thursday which briefly knocked offline many corporate websites, is another indicator that companies need resiliency built into their systems. That means they should avoid relying on just one CDN provider, security experts say.
Remote management software vendor Kaseya has obtained a decryption tool for all organizations affected by the massive ransomware attack launched via its software. The tool should especially help the many small businesses still struggling to recover. Kaseya declined to comment on how it obtained the decryptor.
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