The credit repair industry plays a pivotal role in propelling the latest synthetic ID tactics, which are being used to commit multiple types of account fraud. Two experts shared their insights on why fraudsters are more likely to abuse deposit bank accounts than credit cards these days.
In our latest weekly update, ISMG editors discuss key takeaways from a forum on developing a strategy for OT security, guidance issued by the U.S. Food and Drug Administration on cybersecurity in medical devices, and how the acquisition of Splunk by Cisco might affect the cybersecurity industry.
Welcome to "Cyber Fail" - ISMG's roundup of all that's broken in the world of cybersecurity, where our panel of experts uncovers the fails so we can strengthen our defenses. In this episode, ISMG host Anna Delaney takes on bumbling cybercrooks, avoidable breaches and the ethics of paying a ransom.
Security practitioners are skeptical of Cisco's proposed $28 billion Splunk purchase given the networking giant's track record around funding and investing in previous acquisition targets. Forrester's Allie Mellen expects some customers to try out other SIEM tools given Cisco's heritage in hardware.
Under new U.S. Securities and Exchange Commission rules, companies must disclose material cybersecurity incidents and annually report on cybersecurity risk management, strategy and governance. Alex Hamerstone, advisory solutions director at TrustedSec, discussed the challenges ahead.
Increased engagement from boards on digital transformation initiatives around cloud and AI adoption has spurred greater investment in cybersecurity, said Google Cloud CISO Phil Venables. Systems built and designed decades ago have become increasingly difficult to secure, he said.
This week, ISMG editors covered the hot topics at ISMG's London Cybersecurity Summit 2023, including the technical landscape of AI, executive liability, incident response strategies in the face of a global ransomware attack and how to build personal resilience to avoid burnout.
In the latest weekly update, four editors at ISMG discuss important cybersecurity and privacy issues, including how to keep assets secure in the quantum era, when common usernames pose a cybersecurity threat, and how to strike the right balance between regulation and innovation in AI.
Synthetic ID fraud is nothing new, but it is expanding beyond fraudulent bank accounts to identity scams for auto loans. Many organizations fail to understand the link between data breaches and fraudulent IDs, said Jason Lord, vice president of product marketing at TransUnion.
In the latest weekly update, ISMG editors discuss the state of cybersecurity market resilience in 2023, why U.S. federal regulators publicly named 130 healthcare firms using web trackers and how SentinelOne ended its partnership with startup Wiz amid takeover discussions.
Perimeter 81's ease of deployment and embrace of a cloud-based architecture made it stand apart from other secure remote access offerings, according to Check Point Software CEO Gil Shwed. The deal will help Check Point build a scalable network foundation that extends to thousands of users.
The lack of an understanding of what constitutes first-party lending fraud is causing massive losses at banks. Anna Bleazard, head of Singapore and South East Asia in financial crime compliance at FTI Consulting, recommends that banks intervene as early as possible.
New regulations, including those coming into effect in the U.S., are pushing many medical device makers to radically reconsider how they approach cybersecurity for their products - including air gapping connections, said Phil Englert of the Health Information Sharing and Analysis Center.
In the latest weekly update, Jeremy Grant of Venable joins three ISMG editors to discuss why the U.S. government is taking a back seat on digital identity issues, the risks of artificial intelligence, and takeaways from the U.S. Cyber Safety Review Board's recent report on cybercrime group Lapsus$.
The new U.S. reporting requirements will force publicly traded companies in industries outside of financial services with fewer regulations to improve their security practices. Snyk CEO Peter McKay advised public companies in possession of credit card numbers or other PII to level up.