The U.S. Consumer Financial Protection Bureau is warning lenders they can be liable for data breaches for causing consumers "substantial injury." To avoid liability, the bureau recommends that banks implement multifactor authentication and especially Web Authentication.
A "secure message-themed" phishing campaign targeting healthcare providers aims to lure recipients to an Evernote notepad website in an attempt by hackers to harvest security credentials, federal authorities warn, saying the scheme puts entities at risk for potential data security compromises.
The co-chairs of Congress' Cyberspace Solarium Commission request an "urgent briefing" with Biden administration officials to discuss the state of cybersecurity in the healthcare and public health sector and call for actions to address rising cyberthreats.
In the latest weekly update, four ISMG editors discuss the breach of customer engagement platform Twilio, a cyberattack on the U.K.'s NHS that has reignited concerns about supply chain security in the healthcare sector, and the U.S. Treasury clamping down on shady cryptocurrency mixers.
Ransomware-wielding attackers continue to seek new ways to maximize profits with minimal effort. Top tactics spotted recently by experts include continuing to partner with initial access brokers and botnet operators and testing new monetization models, such as "mediation as a service."
Enterprises spend a lot of time on what zero trust is, but too little time on design thinking - and why cybersecurity solutions need that element baked in from the start. Brian Barnier and Prachee Kale of ThinkDesignCyber and CyberTheory Institute give an overview of their zero trust strategy.
Cyber insurance can defray costs associated with data breaches and ransomware attacks. But Kelly Butler of the advisory firm Marsh & McLennan Companies says insurers are tightening their requirements for policies due to rising costs associated with increasingly severe incidents.
A U.S. federal jury convicted former Twitter employee Ahmad Abouammo for spying on Saudi Arabian dissidents on behalf of Saudi Arabia. The jury also found him guilty of conspiracy to commit wire fraud, falsification of records and money laundering.
Three Nigerian nationals accused of participating in multimillion-dollar business email compromise fraud with a fixation on universities arrived in the United States after extradition from the United Kingdom. They allegedly attempted to steal more than $5 million.
A newly disclosed probe shows the Federal Trade Commission is investigating operators of BitMart, a cryptocurrency platform that lost $200 million of investor funds in one of the biggest crypto cyberattacks of 2021. The agency is scrutinizing the companies to see if they misled consumers.
Advanced, a critical software and services vendor to the U.K.'s National Health Service, confirms a ransomware attack by "financially motivated" threat actors is behind an IT outage that is still disrupting various NHS services, including 111. Some disruptions could last for weeks, the company says.
Response to supply chain attacks has evolved thanks to increased awareness and education, but more work needs to be done to understand how challenges can be addressed more systematically, says Sean Duca, vice president and regional chief security officer, Asia-Pacific and Japan, Palo Alto Networks.
As CISO of West, a Williston Financial Group company, Bruce Phillips recognizes that cybersecurity is not the enterprise's core business. But what, then, is the right level of cybersecurity to bring to a nonsecurity business? He discusses this and other leadership challenges.
U.S. companies could see new cybersecurity rules and restrictions on consumer data collection under a rule-making process initiated by the FTC. No regulatory outcome is guaranteed, but today's advanced notice of proposed rule-making is a first step to new data security and privacy regulations.
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