In the latest "Proof of Concept," David Pollino, former CISO of PNC Bank, and Ari Redbord, head of legal and government affairs at TRM Labs, join ISMG editors to discuss ethical concerns for CISOs, cryptocurrency regulations, and potential foreign interference in the U.S. midterm elections.
Cybercriminals are netting multimillion-dollar hauls by targeting healthcare industry payment processing, the FBI warns. The criminals use publicly available personally identifiable information and deploy social engineering techniques to impersonate care providers.
One of the internet's worst websites is down following a weekend hack that may have exposed the email, password and IP address of Kiwi Farms users. A statement on the site says hackers gained access to site administrator Joshua Moon's account. Site users stalk transgender and nonbinary people.
Sumo Logic has sharpened its ability to help customers improve their security posture since going public two years ago, says President and CEO Ramin Sayar. Enterprises want to drive more SOC automation, while smaller firms seek more visibility into the infrastructure, he says.
Vista Equity Partners has joined Thoma Bravo in the take-private cybersecurity spree, offering to buy security awareness training behemoth KnowBe4 at a $4.22 billion valuation. KnowBe4 says it has received a nonbinding offer from Vista of $24 per share for the shares not currently owned by Vista.
The LockBit group has paid the first payment of $50,000 as part of its bug bounty program for researchers willing to aid in cybercriminality. The group had announced that it will pay individuals who find exploitable vulnerabilities in the software it uses to maliciously encrypt files.
Password manager LastPass says the attackers behind the August security incident had access to its systems for four days. LastPass CEO Karim Toubba, sharing details about last month's breach, confirms that there is no evidence of any threat actor activity beyond the established timeline.
SandboxAQ bought French vendor Cryptosense to help organizations migrate and defend key stores and hardware security modules using post-quantum cryptography architecture. Combining SandboxAQ's network scanning capabilities with Cryptosense's visibility will help firms discard RSA-based encryption.
As the Federal Trade Commission focuses on data brokers that collect and share consumers' sensitive information, any company that participates in those activities needs to carefully review its practices, says attorney Daniel Kaufman, former acting director of the FTC's Consumer Protection Bureau.
Swiss police say that thanks to private encryption keys being recovered from a suspected member of a ransomware-wielding gang accused of amassing over 1,800 victims across 71 countries, victims of LockerGoga and MegaCortex ransomware can recover their data for free.
Existing security operations tools focus too much on detecting threats and creating alerts rather than stopping attacks before they happen, says Check Point CEO Gil Shwed, who claims the firm's new MPR and XPR tools will reduce the number of events security analysts handle by at least 90%.
Ransomware gives cryptocurrency a bad name. U.S. federal regulators have noticed, publishing on Friday a slew of recommendations for ensuring that the blockchain world isn't a criminal haven. Among them are legislative proposals that would strengthen anti-money laundering statutes.
Four editors at Information Security Media Group analyze private-public partnerships today, preview ISMG's upcoming cybersecurity summit in Africa and discuss the increasing use of intermittent or partial encryption by ransomware gangs as a means to extort money from victims faster.
Uber is probing a hack attack after an intruder appeared to breach multiple internal systems, using the company's Slack messaging app to announce: "I am a hacker and Uber has suffered a data breach." The ride-hailing service has taken multiple systems offline while it investigates.