At least 14 lawsuits seeking class-action status have been filed against Accellion in the wake of breaches of the vendor's 20-year-old File Transfer Appliance. A motion to consolidate the cases has also been filed.
How much does it cost to recover from a ransomware attack? For the Scottish Environment Protection Agency, which was hit by the Conti ransomware-wielding gang on Christmas Eve, reported cleanup costs have reached $1.1 million. SEPA is still restoring systems and has refused to pay any ransom.
Projects with potential cybersecurity components included in the Biden administration's $2 trillion infrastructure spending proposal include upgrading the aging and insecure electrical grid, addressing supply chain vulnerabilities and supporting research on artificial intelligence and quantum computing.
U.S. Rep. Suzan DelBene, D-Wash, has reintroduced a bill that would create a national-wide data privacy standard that in its latest incarnation makes an attempt to placate Republicans. The bill, if passed, would replace a patchwork of current state laws.
U.S. authorities have extended the crackdown on the Sky ECC cryptophone service by charging the CEO of parent company Sky Global and its alleged main distributor - both Canadians - with running an "illicit secret communications network" for criminals and hiding profits via shell companies and cryptocurrency.
The $1.9 trillion economic relief package known as the American Rescue Plan, which the House approved Wednesday and President Biden signed Thursday afternoon, includes about $2 billion for cybersecurity and IT modernization, rather than the $10 billion the president originally proposed.
Legislation introduced in the House would allow U.S. citizens to file lawsuits against foreign governments - and employees and agents of those countries - to hold them liable if a cybersecurity incident causes damages. But one legal expert says such a law could do more harm than good.
Ending six years of litigation, a federal judge has signed off on a $650 million settlement of a class-action lawsuit against Facebook for violating Illinois' groundbreaking privacy law that restricts collecting biometrics data. Here's why this case is so unusual.
Authorities have accused Serbia-based scammers of capitalizing on the "initial coin offering" bubble that began in 2017, bilking global cryptocurrency investors out of $70 million via Bitcoiin2Gen and other supposed coins and hiring actor Steven Seagal to endorse them.
The Biden administration is reviewing former President Donald Trump's policies addressing potential national security and cybersecurity concerns about Chinese-owned companies as it develops new plans for dealing with a wide range of issues tied to China.
Five states are making progress this year toward passing privacy legislation along the lines of California's Consumer Privacy Act, according to the International Association of Privacy Professionals. Here's a status report.
Did Russia pass a tough new cryptocurrency law to help authorities recruit or compel criminal hackers to assist the government? That's the thesis of a new report, which notes that the new regulation includes a host of provisions designed to unmask cryptocurrency users' transactions - or else.
Trickbot appears to be making a comeback with a fresh campaign that is targeting insurance companies and legal firms in North America, according to an analysis by Menlo Security. Researchers had warned the malware might surface again after a coordinated takedown of the botnet's infrastructure in 2020.
In Britain, the National Crime Agency and the Financial Conduct Authority warn that the number of "clone firm" scams has significantly increased during the COVID-19 pandemic. Over a six-month period, these fraudulent schemes have led to more than 78 million pounds ($107 million) in losses for victims.
With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels. They're also calling for a review of cyber insurance payouts being used to fund ransoms.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
