In the latest "Proof of Concept," Lisa Sotto, Jeremy Grant and ISMG editors discuss the significance of Apple, Google and Microsoft supporting the FIDO protocol's passwordless sign-in standard, progress made on Biden's cybersecurity executive order and updates on U.S. cybersecurity and privacy laws.
The European Parliament and the Council of the European Union on Friday reached a provisional agreement to set a "baseline for cybersecurity risk management measures and reporting obligations." Called NIS2, it is a modernized framework based on the EU Network and Information Security Directive.
The United Kingdom has announced two proposed pieces of legislation - the Financial Services and Markets Bill and the Economic Crime and Corporate Transparency Bill - to regulate the digital assets industry and curb the use of virtual currency in illicit activity.
Virtual currency mixer Blender.io has been sanctioned by the U.S. for enabling North Korea to conduct "malicious cyber activities and money laundering of stolen virtual currency," the U.S. Treasury Department’s Office of Foreign Assets Control says in its first sanctioning of a currency mixer.
The European Parliament has granted Europol permission to receive and process datasets from private parties and pursue research projects for better handling of security-related cases. Use of these powers will be overseen by the European Data Protection Supervisor and the Fundamental Rights Officer.
U.S. President Joe Biden on Thursday signed into the law the Better Cybercrime Metrics Act, which aims to improve data collection on cybercrimes. The law requires the DOJ and the FBI to compile detailed statistics about cybercrime and develop a taxonomy to help contextualize and sort this data.
A federal jury has ordered NortonLifeLock to pay Columbia University $185.1 million after finding the company infringed on two patents. Jurors decided Monday that NortonLifeLock's use of emulators to monitor programs for malicious behavior intentionally infringes upon Columbia's patents.
Smartphones used by Spain's prime minister and defense minister were infected with Pegasus spyware built by Israel's NSO Group, government officials allege. The discovery follows human rights researchers finding Pegasus infections targeting Catalonians, likely traceable to the Spanish government.
Sercan Oyuntur, a 40-year-old California resident, has been found guilty of stealing payments of over $23 million from the U.S. Department of Defense, according to the U.S. Department of Justice. The stolen payment was meant for DOD's jet fuel suppliers.
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.
Has the notorious REvil ransomware operation come back? Former developers may have restarted the server and data leak site. The original Happy Blog leak site began redirecting to the new blog, which lists both old and seemingly new victims, including Oil India Limited.
The latest edition of the ISMG Security Report analyzes how the U.S. government is offering a reward of up to $5 million for information to help it disrupt the illicit flow of funds to North Korea. The report also examines approaches to enhance banks' cyber defenses and U.S. regulatory trends.
The U.S. government is offering up to $5 million for information that helps disrupt the illicit flow of funds to North Korea, including via cryptocurrency exchange hacks and ransomware. The expanded reward comes as the FBI has attributed a $620 million cryptocurrency heist to North Korean hackers.
Microsoft says it has seized control of 65 domains that the ZLoader gang has been using to grow, control and communicate with its botnet. ZLoader, a descendant of the ubiquitous Zeus banking malware, is run by a global, internet-based, organized crime gang operating malware as a service.
The Dutch Data Protection Authority has imposed penalties of 3.7 million euros ($4 million) and 565,000 euros ($600,000) on the Dutch Tax and Customs Administration and the Ministry of Foreign Affairs, respectively, for violating the General Data Protection Regulation.
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