Ransomware attacks have become the game changer in driving up security requirements, policy premiums and rejection rates for healthcare sector entities seeking new cyber insurance policies or renewals, says Doug Howard, CEO of privacy and security consultancy Pondurance.
The U.S. government warns all businesses that they're at elevated risk of online attacks during Thanksgiving, given attackers' proclivity to strike on weekends and holidays. The alert is a reminder of the importance of having in place well-practiced incident response plans. Here's where to start.
Many healthcare entities are resistant to implement multifactor authentication, and that is among the most frustrating critical security mistakes that organizations in that sector make, says Tom Walsh, founder of security consultancy tw-Security.
Reports of NHS data being exposed following a ransomware attack on U.K.-based data capture and storage company Stor-a-File are incorrect, an NHS Digital spokesperson tells ISMG. "Most NHS data was held offline and not affected in the Stor-a-File hack."
U.S. federal banking regulators have approved a new rule that will require banks to notify regulators no later than 36 hours after the organization determines it has suffered a qualifying "computer-security incident," the nation's top financial agencies announced this week.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including the status of the recommendations of the Cyberspace Solarium Commission today and what still needs to be enacted by the current Congress, addressing the increasing challenge of cyberattacks...
We know they are coming, and yet we are still ill-prepared. Cybereason surveyed 1,200 global cybersecurity professionals on ransomware. And while most are concerned about attacks, nearly one-quarter have no contingencies for weekends and holidays - the favored strike time. Sam Curry explains why.
The latest edition of the ISMG Security Report features an analysis of how cybercriminals are turning to cryptomixing services to conceal the proceeds of ransomware activities from law enforcement officials. Also featured: Criminals exploit a misconfigured FBI server and the future of zero trust.
Law enforcement and intelligence agencies in the U.S, U.K. and Australia have issued a joint advisory on unidentified Iran government-backed advanced persistent threat actors exploiting Fortinet and Microsoft Exchange ProxyShell vulnerabilities to attack organizations in their respective countries.
The specter of the May attack on Ireland's national health service loomed large at the IRISSCON 2021 cybercrime conference in Dublin, as cybersecurity experts gathered to detail the ongoing rise of ransomware and other types of online crime, as well as how to best combat such attacks.
Two recent hacking incidents - one involving ransomware and the other involving the exfiltration of sensitive data for hundreds of thousands of individuals - are among the latest examples of the serious cybersecurity threats and risks facing healthcare organizations and their patients' information.
Several key federal cybersecurity leaders in the U.S. on Wednesday outlined the Biden administration's approach to countering ransomware, which they called a national security issue. The leaders are backing incident reporting legislation and assessing Russia's progress in curbing attacks conducted within its borders.
Cryptocurrency-using criminals continue to rely on services designed to launder their virtual currency to give them "clean coins" that are tougher for law enforcement to trace. Experts say such services are widely marketed on cybercrime forums, and sometimes provided directly to ransomware groups' affiliates.
Why has the cybercriminal underground put so much effort toward the professionalization of ransomware? Simply put, they are making tons of money from it.
The U.S. and Israel will expand their diplomatic relationship around cybersecurity, announcing a bilateral task force this week that will support cybersecurity and fintech innovation. The news follows recent action by the U.S. Department of Commerce to blacklist Israeli spyware firm NSO Group.
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