Despite a recent slowdown in incidents and some cybercriminals claiming they have stopped or abandoned ransomware attacks, National Cyber Director Chris Inglis says it's "too soon to tell," if the behavior of these groups has changed permanently or if they are waiting for an opportunity to return.
China’s personal information protection law focuses in part on localization, stronger security and governance frameworks. Cyberlaw and privacy experts tell ISMG the key regulations that MNCs must pay attention to, challenges they are likely to face, and how to meet the Nov. 1 compliance deadline.
A Russian citizen, alleged to be working as a developer for the malware-spreading organization Trickbot, reportedly has been arrested at Seoul-Incheon International Airport. He was questioned by Korean authorities following an extradition request from the U.S.
The U.S. SEC announced civil action against defunct cryptocurrency lending platform BitConnect for allegedly defrauding investors out of $2 billion. In response, experts say cryptocurrency markets will face continued scrutiny over investor protections, fraud and security.
Sen. Pat Toomey of the Senate Banking Committee is requesting input from the cryptocurrency and blockchain community to inform future legislation on its security and privacy. Several experts praise efforts to regulate the space, but cite its complexities.
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 consolidated class action lawsuit filed against mobile game developer Zynga after it suffered a 2019 data breach looks set to be handled instead via arbitration. A judge notes that users agreed to arbitration in the terms and conditions, and so far, they've failed to prove they suffered any financial harm.
The U.S. has indicted four Chinese nationals working with the nation's Ministry of State Security in connection with an alleged hacking campaign conducted from 2011 to 2018 that targeted universities and government entities to obtain trade secrets, medical research and other intellectual property.
The Department of Commerce is restricting trade with four Russian IT and cybersecurity firms, along with two other entities, over concerns that these organizations pose a threat to U.S. national security.
In a new executive order, President Biden asks the FTC to establish new rules governing how tech firms can collect and use data from their customers as a way to offer more privacy protections for U.S. consumers. The order also looks to push the Justice Department to step up its antitrust enforcement.
This edition of the ISMG Security Report features a discussion about why the head of Britain's National Cyber Security Center says the No. 1 cyber risk is not nation-state attackers but ransomware-wielding criminals. Also featured: Western Digital IoT flaws; an FBI agent tracks cybersecurity trends.
The Justice Department has filed seven new criminal charges against Paige Thompson, who is suspected of hacking Capital One in 2019, compromising the data of 100 million Americans, including exposing hundreds of thousands of Social Security numbers. If convicted, She now faces a possible 20-year sentence.
Two brothers who run Africrypt, a currency exchange service based in Johannesburg, South Africa, have been accused by law firm Hanekom Attorneys, acting on behalf of investors, of 'vanishing' along with $3.6 billion in cryptocurrency investments.