The American Bankers Association and three other banking groups have voiced objections to provisions in a proposed federal cyber incident notification regulation. For example, they say the definition of a reportable "computer security incident" is too broad and would result in the reporting of insignificant events.
The SolarWinds supply chain attack that led to follow-on attacks on nine government agencies and 100 companies points to the need for a federal law requiring prompt breach notification, several senators said at a Wednesday hearing.
Criminals love to amass and sell vast quantities of user data, but not all data leaks necessarily pose a risk to users. Even so, the ease with which would-be attackers can amass user data is a reminder to organizations to lock down inappropriate access as much as possible.
Facebook has been attempting to dismiss the appearance of a massive trove of user data by claiming it wasn't hacked, but scraped. No matter how the theft is characterized, 533 million users have just learned that their nonpublic profile details were stolen and sold to fraudsters.
How much does it cost to recover from a ransomware attack? For the Scottish Environment Protection Agency, which was hit by the Conti ransomware-wielding gang on Christmas Eve, reported cleanup costs have reached $1.1 million. SEPA is still restoring systems and has refused to pay any ransom.
When a breached organization such as Ubiquiti says it is "not currently aware of evidence" that attackers stole customer data, it too often means: "We don't know, because we failed to have in place the robust logging and monitoring capabilities that might have provided us all with real answers."
A security researcher found more than 500 million Facebook records being offered for free on the darknet, exposing basic user information, including any phone numbers associated with the accounts. Facebook says this is “old data” previously reported as exposed.
CISA and the FBI warn in a new alert that unidentified nation-state actors are scanning for three vulnerabilities in Fortinet's operating system, FortiOS, to potentially target government agencies and companies for cyberespionage.
IoT device manufacturer Ubiquiti revealed in a security notice that an attacker had attempted to extort money from the company following a December 2020 cyber incident - a fact not mentioned in the company's earlier notice about the attack.
The latest edition of the ISMG Security Report features an analysis of retailer Fat Face’s awkward "strictly private and confidential" data breach notification. Also featured: Discussions on the ethics of buying leaked data and the rise of central bank digital currencies.
The ODP Corp. reports in a Securities and Exchange Commission 8-K filing that it has suffered a loss of about $28 million due to a March 1 cyber incident at its business services and supplies subsidiary, CompuCom, that forced the company to shut down some of its operations.
Customers of Indian payments platform MobiKwik appear to have gotten a lucky break: A listing for 8.2TB of stolen data pertaining to 99 million customers was withdrawn by a cybercrime forum seller, supposedly because of the public risk posed. MobiKwik continues to deny that it was breached. Who's to be believed?
An attacker added a backdoor to the source code for PHP, an open-source, server-side scripting language used by more than 75% of the world's websites. Core PHP project members say the backdoor was quickly removed.