New cyber incident reporting rules are set to come into effect in the U.S. on May 1. Banks in the country will be required to notify regulators within 36 hours after an organization suffers a qualifying "computer-security incident." What does this mean for banks, and what are the likely challenges?
In this edition, four ISMG editors discuss important cybersecurity issues, including how virtual currency Monero is becoming the main alternative to Bitcoin as the crypto choice for criminals, the challenges involved in an identity-centric Zero Trust approach and how to influence change in culture.
Don't stockpile cryptocurrency in case your organization falls victim to ransomware-wielding attackers and opts to pay a ransom. This might seem obvious to anyone aware of the volatility in Bitcoin's value, but some organizations reportedly used to employ this incident response strategy.
Ransomware attacks have come storming back after experiencing their typical end-of-the year decline. Security researchers report that the greatest number of known victms has been amassed by Lockbit, followed by Conti, Hive and Alphv/BlackCat.
As one of the architects of Israel's offensive Red Team intelligence unit and Incident Response Team, Reuven (Rubi) Aronashvili, CEO of Israeli cybersecurity company CYE, provides a highly informed view of current cyberwarfare in the Russia-Ukraine war, including how it differs from kinetic warfare.
Ransomware group Stormous, in a Telegram post on Monday, said that it has breached and exfiltrated 161GB worth of critical data from beverage manufacturing giant Coca-Cola. The soft drink company has told Information Security Media Group that it is investigating the claim.
The U.S. government on Tuesday announced a reward of up to $10 million for information pertaining to six alleged Russian military hackers tied to the 2017 NotPetya destructive malware campaign. The malware spread globally, causing commercial damage of up to $10 billion.
The median number of days an attacker dwells in a system before detection fell from 24 days in 2020 to 21 days in 2021, according to a Mandiant report. The biggest year-on-year decline in median dwell time occurred in the APAC region, where it dropped from 76 days in 2020 to 21 days in 2021.
Michael Lines is working with ISMG to promote awareness of the need for cyber risk management, and the CyberEdBoard is posting draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This chapter is titled "Recognize Their Attacks."
The Emotet botnet, which was disrupted by law enforcement actions in January 2021, has been making its way back in recent months. Cybersecurity researchers at Proofpoint have now recorded a brief departure from its typical behavior, indicating that the group is likely testing new attack techniques.
Almost all ransomware-wielding attackers accept Bitcoin for ransom payments, but many prefer Monero, thanks to the privacy-preserving coin being tougher for law enforcement officials to track. But advanced intelligence efforts to try and unmask criminal users of both Bitcoin and Monero are ongoing.
In this episode of "Cybersecurity Unplugged," Roger Sels, vice president, solution, EMEA at BlackBerry, discusses the global threat landscape one year after SolarWinds, including cyberthreats from Russia and China; the cyber impact of the Russia-Ukraine war; and the cyber call to action.
The 2021 Dragos ICS/OT Cybersecurity Year in Review report says the number of industrial organizations with external connections to their industrial control systems has doubled, yet 86% of organizations report limited to no visibility of ICS environments. Tom Winston outlines the top challenges.
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