A proposed settlement has been reached between Merck & Co. and several insurers that were appealing a 2023 court decision saying the insurance companies could not invoke "hostile warlike action" exclusions in refusing to pay drugmakers' claims filed after the 2017 NotPetya cyberattack.
In the latest weekly update, four ISMG editors discussed the number of ransomware victims who are paying a ransom to cybercriminals, the need for greater cyber resilience during wartime, and the critical role of human risk management in organizational cybersecurity in the era of remote work.
The Indian government is instituting joint programs with state police forces and the judiciary system to dismantle the growing threat of cyber fraud, but long delays in cybercrime investigations and a lack of experience in investigating digital crimes could derail these efforts.
An upstate New York hospital group has filed a lawsuit against cybercriminal group LockBit in a legal maneuver aimed at forcing a Boston-based cloud services firm to turn over patient data LockBit had stolen from the entities last summer and allegedly stored on the tech company's servers.
Ukraine's security intelligence chief said Russian hackers had been responsible for severing internet access and mobile communications from telecom operator Kyivstar in December, after compromising the firm's network months ago. He said the "disastrous" cyberattack had wiped "almost everything."
This week, hackers took over Mandiant's X account, authorities charged a Nigerian hacker with stealing $7.5 million from charities, the DOJ fined XCast $10 million for illegal robocalls, and attackers exploited an SMTP smuggling flaw in a phishing email campaign.
This week, Orbit Chain lost $81 million in a New Year's Eve hack, Indonesian police shuttered bitcoin mining operations, dYdX named its attacker, $324,000 users fell victim to 2023 crypto phishing scams, Singapore's prime minister had a deepfake problem, and 2023 crypto losses decreased by over 50%.
Mobile password managers are different from computer-based password managers due to different constraints found in the mobile operating system, said Ankit Gangwal, assistant professor at the International Institute of Information Technology. He shed light on the risks introduced by AutoSpill.
There are many potential uses for generative AI at financial services firms, but few are more promising than those in the areas of risk and fraud, said Kristine Demareski, vice president of payments at Genpact, which is already harnessing AI to increase efficiencies in analysts' decision-making.
The court system of Victoria said it had experienced a serious cybersecurity incident in late 2023 that gave hackers access to video recordings of proceedings at multiple courts, including the Supreme Court and the County Court. The hack took place on Dec. 8 and was discovered two weeks later.
A hacking incident at a New Jersey-based vendor of artificial intelligence-enabled population health management services that involved a network server has affected more than a dozen of its healthcare clients across the country and nearly 4.5 million of their patients.
A defunct ambulance company is notifying nearly 912,000 patients and employees that their archived records were compromised in an early 2023 data theft hack. The firm previously provided emergency care in the Boston region and administrative services to affiliated transportation companies.
The Russian military hacked into surveillance cameras to spy on Ukrainian air defenses and Kyiv's critical infrastructure during the missile and drone strikes on the capital city Tuesday. Ukraine has blocked and dismantled the cameras, and it urged users to stop sharing security camera feeds online.
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