A Massachusetts-based medical management firm holds the dubious honor of being the first ransomware victim fined for a data breach by the Department of Health and Human Services. Doctors Management Group agreed to a $100,000 financial settlement and three years of HIPAA compliance monitoring.
Researchers have discovered an underground offering with the codename "Prolific Puma," which since 2020 has been the "largest and most dynamic" cybercrime link-shortening service on the market. Attackers use it to better target victims with phishing campaigns, scams and malware.
The recently ended ISMG Financial Services Summit was dedicated to fortifying cybersecurity preparedness in the financial services industry. Thought leaders guided critical discussions on cybersecurity topics such as critical infrastructure, incident response, supply chain threats and zero trust.
Banking institutions have more data and analytics than ever before. They are embracing embedded finance, digital and contextual customer journeys and near real-time customer decisions.
But how are they using them to drive better risk and fraud decisions? If they do not have agility to respond to these new types...
PSR shift in liability adds another dimension of complexity for financial institutions (FIs) combatting sophisticated APP fraud scams and new account fraud. Not only is it more challenging for FIs to protect themselves and customers, that liability shift could have deep revenue impact.
Proofpoint has agreed to purchase a cloud email security provider founded by HSBC, RBS, Santander and UBS alumni to apply artificial intelligence to evolving threats. The proposed acquisition of Boston-based Tessian will help Proofpoint address common forms of data loss including data exfiltration.
In the ever-evolving battlefield of cybersecurity, merely detecting and responding to threats is no longer enough. It's time to adopt a proactive approach and accelerate your organization's cyber resilience.
Check out this whitepaper to learn how to unveil powerful strategies to move beyond traditional detection...
Why is NICE Actimize ranked the highest-scoring enterprise fraud management (EFM) vendor on Quadrant Knowledge Solution’s 2023 SPARK Matrix™? Because end-to-end fraud prevention across the entire customer life cycle doesn’t just achieve robust fraud detection and prevention—it improves operational efficiency...
Are you worried about the increasing number of web-based threats that can harm your business? Read this e-book to understand the modern web-based threats every business should know about, including phishing, ransomware and malware.
In addition to looking at what these modern threats look like, this valuable piece...
Nearly two-thirds (65%) of respondents consider Ransomware attacks as one of the top three most serious threats to the viability of their organization.
To better understand how to defend your organisation, this report breaks down the frequency and categorisation of attempted ransomware attacks over the last 12...
North Korean hackers are spreading malware through known vulnerabilities in legitimate software. In a new campaign spotted by Kaspersky researchers, the Lazarus group is targeting a version of an unnamed software product for which vulnerabilities have been reported and patches are available.
In the latest weekly update, ISMG editors discuss how cybersecurity businesses are building resilience during the Israel-Hamas war, the latest on the hacks of Cisco IOS XE devices, and recommendations for businesses in Indonesia looking to improve their cybersecurity practices.
Hospitals, clinics and doctor practices have long fallen victim to cyberattacks and breaches kicked off with phishing emails. But with the advent of AI-augmented phishing, the lures are more convincing and could lead to even more scams targeting healthcare organizations, federal authorities warned.
"We're doing fine, but we're not OK." This was the opening comment from Michael Yehoshua, CMO of HolistiCyber, discussing the impact of the Israel-Hamas war. Yehoshua shared his insights about the conflict, its historic perspective and how his and other Israeli companies are focused on resilience.
Identity resolution identifies individuals and their relationships to others in data. With identity resolution, financial institutions (FIs) can create and maintain a consolidated and unique 360-degree view of each party.
FIs significantly increase operational effectiveness when using identity resolution, as it...
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