Financial institutions globally have invested heavily in anti-financial crimes strategies and the tools used to report potential risk to regulatory authorities. But so have their adversaries. How are institutions employing emerging tech such as AI/ML to create more effective fraud defences?
David Stewart, Global...
A nonprofit firm that administers government dental programs in Canada paid a "substantial" ransom for a decryptor key and the destruction of data stolen in a recent ransomware attack. But the company is now notifying nearly 1.5 million individuals that the hack compromised their data.
Legacy infusion pumps commonly available for purchase on the secondary market often contain wireless authentication and other sensitive data that the original medical organization owners failed to purge, warned researcher Deral Heiland, citing a recent study conducted by security firm Rapid7.
Tampa General Hospital is facing at least three proposed federal class action lawsuits filed in recent days following the nonprofit Florida healthcare provider's disclosure late last month of a data theft incident that affected 1.3 million patients and employees.
In this episode of CyberEd.io's podcast series "Cybersecurity Insights," Alisdair Faulkner of security and fraud prevention startup Darwinium discussed how the FedNow Service will add a layer of complexity to defending against real-time financial fraud scams used in faster payments transactions.
Citing several growing concerns, Sen. Mark Warner, D-Va., on Tuesday sent a letter quizzing Google CEO Sundar Pichai about how the tech giant is applying privacy, trust and ethical "guardrails" around the development and use of its generative AI product, Med-PaLM 2, in patient care settings.
Collaborative AI - the process of one AI model learning from another - is one of the most effective ways for financial institutions to fight the sophisticated techniques fraudsters use for scams, said Johan Gerber, executive vice president of security and cyber innovation at Mastercard.
An evolution in transaction monitoring is required to accurately detect suspicious activity and truly reduce false positives.
This comprehensive guide helps you quickly assess your program’s current state and identify opportunities for improvement. By updating processes, implementing the right tech, and closing...
The Biden administration says it wants to get ahead of ransomware attacks against schools before K-12 education resumes in the fall. "We must take cyberattacks on our schools just as seriously as we take physical attacks on critical infrastructure," said Cindy Marten, education deputy secretary.
For banking and financial organizations, protecting sensitive customer data and meeting compliance requirements for regulations is critical. Balancing those requirements with the speed of business and demands of modern banking can be a challenge.
As you update your cybersecurity plans and data breach prevention...
Authorities are sounding the alarm about double-extortion attacks against healthcare and public health sector organizations by a relatively new ransomware-as-a-service group, Rhysida, which until recently had mainly focused on entities in other industries.
The U.S. federal government acknowledged that it is lagging behind on border gateway protocol security practices. Officials from several government agencies, ISPs and cloud content providers organized a workshop to understand the latest security improvements underway.
A targeted cyberattack against Britain's national healthcare system could lead to "second-order impacts" such as delays and cancellations, the U.K. government warns. The probably of such an attack occurring during the next two years could be as high as 1 in 4.
In the latest weekly update, Troy Leach, chief strategy officer at Cloud Security Alliance, joins ISMG editors to discuss preparing for new regulations, new requirements for third-party cloud penetration testing, and the opportunities and risks of AI in the financial sector.
A ransomware attack has forced a California-based hospital chain to divert ambulances from its emergency rooms and cancel appointments for services. The group of 17 hospitals, 166 outpatient clinics and various doctor practices is still recovering after an IT systems shutdown.
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