All the key players of a company's management group, including the CISO, need to be involved in the decision about whether to invest in cyber insurance, says Greg Markell of Ridge Canada Cyber Solutions, a cyber insurer.
Freedom of Information requests sent to 430 U.K. local government councils by Barracuda Networks found that at least 27 percent of councils have suffered ransomware outbreaks. Thankfully, almost none have paid ransoms, and good backup practices appear widespread.
In cryptocurrency we trust: The government of North Korea has been turning to bitcoin exchange heists and cryptocurrency mining - potentially using malware installed on other countries' systems - to evade sanctions and fund the regime, security experts say.
Although so far only about eight Indian firms have reported to authorities that they've been victimized by Locky ransomware, according to news reports, security experts say many more companies have likely been impacted.
PrincessLocker ransomware is back, although it's less demanding than it used to be, with attackers decreasing the quantity of bitcoins they require to unlock forcibly encrypted files. Unusually, the ransomware is being spread by the RIG exploit kit.
A massive Locky ransomware campaign has been infecting devices via malware-laced spam messages as well as through fake Dropbox phishing pages. More than 23 million Locky spam email have been seen in just one 24-hour period.
The never-ending stream of bad information security news is fueling a virtual gold rush for companies offering protection. A new report from Forrester predicts a healthy growth rate over the next five years, with some specific technologies expected to see double-digit growth.
A report claims British intelligence agency GCHQ knew in advance that the FBI planned to arrest WannaCry "hero" Marcus Hutchins when he visited the United States for the annual Black Hat and Def Con conferences last month. The information security community asks: Is that justice?
Carbon Black rolled with the punches last week after it was accused of exposing customer data via a bug in one of its endpoint detection products. It turned out there was no bug. But the company has gone back and uncovered a bug that did expose customer data, albeit on a small scale.
Locky is back. After falling off the radar last year, the ransomware is once again being distributed via massive spam campaigns - run by the Necurs botnet - in the form of two new variants named Diablo and Lukitus.
Healthcare organizations can learn important lessons - including the need for granular data access control - from the costly proposed settlement of the breach lawsuit against health insurer Anthem, says Bill Fox, a former federal prosecutor.
British national Marcus Hutchins, aka "MalwareTech," has been arrested by the FBI on charges relating to the distribution of the Kronos banking Trojan. Hutchins is the "accidental hero" who singlehandedly defused the WannaCry ransomware outbreak.
The ISMG Security Report leads with an analysis of when it would be appropriate for the United States and Russia to engage in cybersecurity negotiations. Also, how NotPetya malware attack victims continue to struggle weeks later.