The European Systemic Risk Board has proposed a new systemic cyber incident coordination framework called EU-SCICF. This framework will be designed to counter any major cross-border cyber incidents in the financial sector space with a coordinated response.
Fraudsters are having a field day as the pandemic persists, with experts warning that scams targeting consumers and businesses remain at record-high levels. To combat such attacks, experts say financial services firms need to bolster their identity controls with tools to more accurately track and counter scams
Ravi Patil, director of product management and strategy at Broadcom, says partnering with customers to develop cybersecurity marketing "offers a markedly superior customer experience than a traditional vendor that might just sell the software and walk away until the contract is up."
In just a month, the BlackCat cybercrime group has carried out high-impact ransomware attacks on international organizations and risen to seventh place in Unit 42's ranking of global ransomware groups. A key factor, researchers say: the use of the Rust language for coding its malware.
In 2021, there were 1,862 data compromises - a 68% increase over 2020, according to the Identity Theft Resource Center's Annual Data Breach Report. "In this past year, there were more cyberattack-related data breaches than there were all forms of data breaches in 2020," says ITRC COO James E. Lee.
In a report published Monday, Symantec's Threat Hunter Team outlines a specific Russian cyberespionage campaign conducted on a Ukrainian network in 2021 - which comes as Russia has amassed 100,000 or more troops at Ukraine's eastern border while it reportedly mulls invasion
North Korean advanced persistent threat group Lazarus - an entity sanctioned by the U.S. and the United Nations - has emerged with a fresh spear-phishing campaign that exploits Windows Updates to execute a malicious payload, using GitHub as a command-and-control server.
Change is afoot at Trellix, which is the new name of the cybersecurity software business formed from the merger of McAfee Enterprise and FireEye. CEO Bryan Palma says the extended detection and response - aka XDR - software imperative for his customers is to do more, but with fewer suppliers and management overhead.
A 29-year-old Canadian man has been sentenced to three years in prison for trading in stolen personal information, which included transactions with an aggressive hacking and extortion group known as The Dark Overlord. Slava Dmitriev sold identity information on the AlphaBay marketplace, prosecutors alleged.
In the first of a planned series of articles looking at strategies that have helped her and her teams over the years to not just survive a stressful environment, but thrive in it, cybersecurity executive and CyberEdBoard executive member Kerissa Varma offers this: Be a human, not a terminator.
Israeli spyware company NSO's flagship product, Pegasus, was tested by the FBI, according to reports, prior to the company being sanctioned by the U.S in the wake of revelations of misuse of its tools. Now, U.S. venture capital company Integrity Partners is in negotiation to take control of the company.
The decentralized money market platform Qubit Finance, which runs on the Binance Smart Chain, has been hacked for more than $80 million, it confirmed via tweet on Friday. Blockchain security experts say it's the largest DeFi hack of 2022.
Attack scans and attempts related to the Log4j flaw may have declined, but some security experts believe the attack vectors will continue to pose a problem up to two years. Also, the Ukraine Computer Emergency Response Team reports Log4j could be a possible attack vector in recent cyberattacks.
Citing "potential security threats," the U.S. Federal Communications Commission voted to ban Chinese telecommunications carrier China Unicom from providing services within the U.S. The FCC's Order on Revocation directs the company to discontinue its services within 60 days.
Worst-case scenario: Ransomware gets through defenses. It's now a game of "Beat the Clock." David Finley of Dell Technologies and Andrew Peters of Unisys detail the cyber recovery road map and how to generate a plan to both respond to and recover from the attack.
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