Embargo, a newcomer group to the ransomware scene, is threatening to begin publishing 1.15 terabytes of data belonging to a small rural Georgia hospital and nursing home attacked last week unless a ransom is paid before Tuesday. Experts say the double extortion gang disables victims' security tools.
In the latest weekly update, ISMG editors discussed how the recent election results may reshape U.S. cybersecurity policy and healthcare privacy under HIPAA and the groundbreaking role of artificial intelligence in Google’s recent discovery of a critical zero-day vulnerability.
Financial services leaders and cybersecurity experts said at Information Security Media Group’s 2024 Financial Services Summit that third-party vendor security risks required the need for proactive, multi-layered security frameworks to combat the growing threat landscape.
Federal authorities are warning the healthcare sector of an array of cyberthreats - including Scattered Spider hacks, living-off-the-land attacks, and bad actors looking to exploit weaknesses such as F5 misconfigurations and also so-called "Miracle Exploit" flaws in some Oracle software.
A hacking incident at Thompson Coburn, a national law firm based in Missouri, has affected an unspecified number of patients of a healthcare sector client, Presbyterian Healthcare Services in New Mexico. But a big unanswered question is whether other clients were affected.
KYC protocols traditionally focus on account-level verification, but examining KYC at the product level can help banks assess risk more accurately. Asking targeted questions based on product risk enables institutions to detect potential financial crimes, said Gabriella Bussien, CEO of Trapets.
Microsoft's latest Digital Defense Report exposed an increasingly complex cyber battlefield in which nation-state actors team up with cybercriminals to launch sophisticated attacks, while organizations continue to struggle to defend against these evolving threats.
One post-election question pertaining to Donald Trump's upcoming presidency is how his administration will choose to combat cybercrime, and to what extent the White House will continue to take a leadership role in combating ransomware and cybercrime - especially based in Russia.
Federal regulators are again signaling that stronger cybersecurity practices could be tied to financial incentives for doctor offices that participate in Medicare. The regulatory lever may be the Centers for Medicare and Medicaid Services Merit-based Incentive Payment System.
Governments globally are intensifying anti-scam measures, introducing new guidelines to banks, telecom providers and other key sectors to bolster security controls and mitigate fraud risks for consumers and businesses. Some new frameworks threaten to levy stiff penalties for non-compliance.
ISMG’s 2024 Financial Services Cybersecurity Summit kicks off Thursday in New York City, bringing together industry leaders and cyber experts to explore critical defense strategies, including digital identity protection, SecOps transformation and realistic threat simulations.
British financial institutions must ensure by this spring that they could reasonably weather a third party tech outage on the scale of July's global meltdown of 8.5 million computers triggered by a faulty update from cybersecurity firm CrowdStrike.
A small community hospital and its nursing home in rural Georgia have resorted to paper charts and other manual process for patient care as they deal with a ransomware attack discovered Saturday that knocked its electronic health records and other IT systems offline.
Dr. James Breit recalled the day a hacker locked up his systems with ransomware at his plastic surgery practice. He paid $53,000 in ransom. Nearly, seven years later, after paying a $500,000 HIPAA fine, Breit claims he got better treatment from the cybercriminals than he did federal regulators.
Western governments should take a page from China's cybersecurity playbook and sponsor sector-specific capture-the-flag competitions, not just for talent development and recruitment but also to help forge strong "social bonds," says a new report from Washington think tank Atlantic Council.
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