Breaches tied to WannaCry and Petya, which affected about 48,000 computers in India, as well as other major breaches worldwide, are leading more Indian firms to purchase cyber insurance. But come companies still are concerned about the extent of coverage that's available.
Virtual currency that's been surging in value, stored in internet-connected banks and virtual "hot wallets": What could go wrong? The answer includes well over $175 million worth of stolen cryptocurrency and attacks that have been tied to North Korea's Lazarus Group.
As a longtime investor in companies offering cybersecurity solutions, Alberto Yépez of Trident Capital Cybersecurity is most concerned by a lack of investment in one key area; replacing aged technologies that are supporting critical infrastructure industries, such as power utilities.
We are amidst a new "machine identity crisis," says Jeff Hudson, CEO of Venafi. And unless we tackle this growing challenge of how to secure machine-to-machine communication, then enterprise IT and security departments are likely to be overwhelmed.
This edition of the ISMG Security Report takes a look at how ready healthcare organizations are for GDPR compliance. Also featured: comments from Alberto Yepez of Trident Capital on the 2018 outlook for information security companies and a summary of the latest financial fraud trends.
The cyber espionage group that executed a campaign against the Democratic Party has been gearing up to attack the U.S. Senate, cybersecurity firm Trend Micro warns. Separately, a Senate report demands that the White House do more to prevent the 2018 and 2020 U.S. elections from being disrupted.
There are roughly 3,000 cybersecurity vendors in the market today, and former FireEye CEO Dave DeWalt says conditions are right for even greater market growth. How does he see the marketplace evolving in 2018?
In a reversal, chipmaker AMD is now warning that its chips are susceptible to the speculative execution flaws in microprocessors known as Spectre, but not to the Meltdown. Separately, Intel has confirmed that its firmware updates have led to stability problems for older Broadwell and Haswell processors.
Following the alert over Meltdown and Spectre vulnerabilities, the U.K. Information Commissioner's Office is warning that failures to patch today could be punished with fines under GDPR once enforcement of the data protection law begins later this year.
Mobile phone retailer Carphone Warehouse has been hit with one of the largest fines ever imposed by Britain's data privacy watchdog after an attacker breached its outdated WordPress installation, exposing 3 million customers' and 1,000 employees' personal details.
Security practitioners in India and Asia, heeding warnings from vendors and government agencies, are grappling with security challenges posed by the two critical vulnerabilities dubbed Meltdown and Spectre that are affecting desktop computers, smartphones, tablets and cloud services.
Patch or perish to protect against Meltdown and Spectre attacks, and prepare to keep patching as Intel, AMD and ARM, as well as makers of devices running Apple, Google and Windows operating systems, including Apple iOS and Android smartphones and tablets, continue to refine their fixes.
One of the most alarming breaches of 2015, involving Hong Kong toymaker VTech, has resulted in a $650,000 settlement with the U.S. Federal Trade Commission. It's a warning that internet of things security shortcomings - especially involving children's personal data - will have business consequences.