Unlike identity theft, first-party fraud is harder to spot when a consumer opens an account. To guard against this growing blind spot, banks need to invest in transaction-monitoring tools and take a more holistic approach to fraud, said Ian Mitchell, co-founder of Mission Omega.
The National Institute of Standards and Technology issued new guidelines to help software developers integrate software supply chain security into every phase of the software development life cycle as experts say organizations are seeking comprehensive guidance on how to accomplish federal mandates.
When a hospital or clinic is hit with a cyberattack, it often seems as if the electronic health record systems just can't win. Even if the EHR system is not the prime target of the attack, it's still frequently taken off line as the organization responds to the incident. What should entities do?
The FDA's multifaceted approach to strengthening medical device security centers on several key areas, including enhanced regulatory oversight, industry collaboration and a recent organizational change that raises the profile of the agency's device work, said the FDA's Dr. Suzanne Schwartz.
In the latest weekly update, four ISMG editors discussed the relatively low profile of cyberwarfare in recent international conflicts, the potential revival of a dormant HIPAA compliance audit program and the security implications of sovereign AI development.
CISO Sam Curry and CMO Red Curry discuss the chaos and disruption of cyberwar and how attacks on critical infrastructure can tactically help attackers in combat, demoralize the general population and affect critical capabilities at just the right point in time.
An electronic health record and practice management software firm says the only way to avoid bankruptcy from the consolidation of nine proposed class action lawsuits filed in the wake of a 2022 data breach is to settle the case for $4 million.
An Oklahoma-based healthcare system is notifying 2.4 million individuals that their sensitive information was potentially compromised in an exfiltration incident last year. Cybercriminals have been attempting to extort ransom payments directly from some of those affected patients - including kids.
A European court has sided with a Russian petitioner who challenged a Kremlin rule that requires telecom firms to backdoor their servers for law enforcement data collection. The court found that end-to-end encryption is essential to preserving the right to privacy in digital communication systems.
The South Korean President's Office told local media Tuesday that suspected North Korean hackers had targeted the private email account of an official in November ahead of the president's state visits to the U.K. and France. Local reports suggest the hackers accessed the details of scheduled events.
Mid-market banks and credit unions navigate a convoluted risk landscape, fronted by copious mobile fraud, made-to-order attack delivery, compromised B2B payments, illicit deepfake service models, and emulator-driven intrusions. These trends demand a bold commitment to improve fraud and AML (FRAML) programs and enhance...
As U.S. federal regulators fine-tune a strategy to push the healthcare sector into strengthening its cybersecurity posture, they are dusting off a HIPAA compliance audit program that's been dormant for the last seven years. A new round of HIPAA audits for regulated entities is in the works.
A watchdog report reveals how Heartland Tri-State Bank CEO Shan Hanes allegedly defrauded a local church and investment club in Kansas out of $47.1 million through a "pig-butchering" cryptocurrency scam that ultimately caused the bank to fail in 2023.
Bank of America is notifying more than 57,000 customers that their information, including Social Security numbers, was potentially compromised in a hacking incident last November at Atlanta, Georgia-based insurance software firm InfoSys McCamish. BoA says none of its systems were affected.
Ransomware operators disrupted emergency healthcare services over the weekend, crippling operations in nearly two dozen hospitals in Romania and France. Ransomware attacks increase the in-hospital mortality rate for already-admitted patients, a recent study concluded.
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