JPMorgan Chase will earmark $12 billion for technological updates - including cloud migration, upgrading legacy architecture, data strategy, and emerging technologies. About half of this budget will go toward security modernization, while the other half will be invested into digital innovation.
Endpoint detection and response software news: The entity formerly known as McAfee Enterprise and FireEye Products has a new name: Trellix. Think of a "security trellis to businesses across the globe, giving them support they need to keep them safe," says CEO Bryan Palma. Will customers and prospects buy in?
To build defense capabilities, CISOs need to take a risk-based approach in presenting the highest risk contextually, and they also need to build visibility of tools and controls and a mechanism to prioritize them through a structured program that is communicated in financial terms to the board, says Urooj Burney.
In 2022, there will be a push for identity management capabilities that are behind the scenes and built into processes, says Peter Tapling, a board member on the U.S. Faster Payments Council.
Privacy regulators in Europe last year imposed known fines totaling more than $1.2 billion under the EU's General Data Protection Regulation, including two record-breaking sanctions, law firm DLA Piper finds. The total value of fines in 2021 was nearly a sevenfold increase from that seen in 2020.
To fight threats, security practitioners need to develop a proactive, offensive risk quantification strategy to establish cyber resilience, says Shaik J. Ahmed, vice president of risk, governance and information security at Mashreq Bank.
Spyware from controversial Israeli firm NSO Group was reportedly used by the nation's civilian police force, according to a new report from an Israeli business publication. Its findings allege that the Israel Police conducted warrantless phone taps on Israeli politicians and activists, among others.
A new threat group linked to China, dubbed "Earth Lusca" by researchers, is not only running cyberespionage campaigns against governments around the globe, but also seeking financial gain.
After the defacement of multiple Ukrainian government websites last week and subsequent deployment of destructive malware against Ukraine over the weekend, Lithuanian officials have offered to deploy the EU's Cyber Rapid Response Team to help Ukraine deal with cyberattacks.
People are leaving their jobs in droves during the "Great Resignation," and the cybersecurity industry is not immune to the trend. Mike Hamilton, the former CISO for the city of Seattle, warns organizations about the opportunities this presents for cybercriminals and outlines how employers can work to retain talent....
GAO auditors say in a new report that the federal government's response to both the SolarWinds software supply chain attack and the exploitation of Microsoft Exchange Servers in 2021 sharpened its coordination efforts, but also exposed information-sharing gaps.
Threat actors who use data-sharing website Doxbin have had passwords, decryptor keys, multifactor authentication codes and stealer log information leaked online, according to some security experts. Doxbin is used by threat actors to dump victims' personally identifiable information.
The defacement of Ukrainian government websites may have been intended as a smokescreen for a destructive malware attack that failed to execute or has yet to be unleashed, some security experts warn. Ukraine continues to investigate the attack, which it suggests may trace to Russia, Belarus or both.
"We came up with a structured, documented approach to respond to mitigating the Log4j vulnerability using the EDR scanning tools along with a code validation, containerization, and sandboxing of our applications and networks," says Ian Keller, security director at Ericsson.
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