The U.S. Federal Bureau of Investigation has issued a warning to consumers about cybercriminals targeting people through maliciously crafted quick response - or QR - codes that direct them to links where their credentials and financial information are siphoned off.
The Federal Reserve has published its long-awaited discussion paper on a central bank digital currency. In it, the Fed points to the innovative qualities of digital currencies, but stresses potential risks to the nation's financial system, including heightened cyberthreats and privacy concerns.
In the latest weekly update, four ISMG editors discuss the state of cyber insurance today and why its future is uncertain; applying a security-by-design reliability model to analyze vulnerabilities; and how Russia takes down members of the REvil ransomware group as cyber aggressions in Ukraine rise.
The latest edition of the ISMG Security Report features an analysis of whether the cyberattacks that hit Ukraine's government agencies last week are attributable to any group or nation-state along with updates to the cybersecurity executive order and illicit cryptocurrency trends.
Michael Lines is working with ISMG to promote awareness of the need for cyber risk management. As a part of that initiative, CyberEdBoard posts draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This chapter is "Recognize the Threats."
The U.K. government is considering new measures to boost cybersecurity standards in the country. The proposed laws recommend levying large fines on essential digital service providers for noncompliance with strict cybersecurity rules, and improving incident reporting.
In a span of just days, two prominent congressmen who have long advanced cybersecurity at the federal level announced that they will not be seeking reelection in 2022. Reps. Jim Langevin, D-R.I., and John Katko, R-N.Y., will, however, pursue a cyber agenda throughout the remainder of their terms.
OpenSubtitles, a website providing free movie subtitles, confirmed to its users today that it had been hacked last August and the hacker had demanded a ransom to remain silent about the attack and to delete the leaked data. This data breach affected 6,783,158 users.
VPN Lab, known for its alleged wide use by ransomware threat actors, has been shut down. Fifteen servers associated with VPNLab.net were seized or disrupted based on multiple international investigations tying the VPN service provider to cybercrime operations, according to Europol.
Endpoint detection and response software news: The entity formerly known as McAfee Enterprise and FireEye Products has a new name: Trellix. Think of a "security trellis to businesses across the globe, giving them support they need to keep them safe," says CEO Bryan Palma. Will customers and prospects buy in?
Privacy regulators in Europe last year imposed known fines totaling more than $1.2 billion under the EU's General Data Protection Regulation, including two record-breaking sanctions, law firm DLA Piper finds. The total value of fines in 2021 was nearly a sevenfold increase from that seen in 2020.
With 16% of U.S. citizens using a cryptocurrency trading platform, OCC acting Chief Michael Hsu urges collaborative efforts to pass cryptocurrency regulations, which he says could lead to greater innovation in the space.
More than a year after the December 2020 cyberattack on Accellion's File Transfer Appliance, the company has agreed to an $ 8.1 million settlement to resolve a class action against it following the data exposure that resulted in the theft of both consumer and patient data.
The FCC is considering changes to its breach notification requirements for telecommunication companies. FCC Chairwoman Jessica Rosenworcel confirmed in a statement this week that the agency is strengthening its rules for both customer and federal law enforcement notification of breaches involving customer proprietary...