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AI Poses a Threat to Financial Sector, and Cyberattackers are ‘Outpacing’ Defenses – Treasury

Commentaries and Analyses
1128 views 3 mins

Law.com reports that the U.S. Treasury Department warned the financial services sector this week that artificial intelligence (AI) will become a powerful weapon for fraudsters and cyberattackers, who will outgun the sector’s defensive efforts in the foreseeable future.  The report was based on interviews with representatives from 42 financial services and technology companies about the […]

FEATURE

Draft of Cyber Incident Reporting Rules Posted

Data Breach News
419 views 6 secs

A draft of federal cyber incident reporting rules for the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) has been posted in the Federal Register. It’s not exactly light reading, weighing in at a whopping 447-page Notice of Proposed Rulemaking. The rules will require critical infrastructure entities to notify the federal government of […]

FEATURE

Rewards for Justice – Reward Offer for Information on ALPHV BlackCat-linked Cyber Actors Targeting U.S. Critical Infrastructure

Data Breach News
2251 views 3 mins

On February 15, the U.S. Department of State offered a $10 million reward for “information leading to the identification or location of any individual(s) who hold a key leadership position in the Transnational Organized Crime group behind the ALPHV/Blackcat ransomware variant.  In addition, a reward offer of up to $5,000,000 is offered for information leading to the […]

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Credit card company secures $48M verdict following decade-long legal battle over massive insider data breach

Data Breach News
1100 views 56 secs

The Readable explains: A decade-long legal battle involving a data breach that affected the majority of the South Korean population concluded last week. The court confirmed a compensation award of $48 million to a credit card company. The Supreme Court of Korea has rejected the appeal of the defense and ordered the company to pay […]

FEATURE

U.K. Information Commissioner Office publishes new fining guidance

Legal News
1181 views 44 secs

The Information Commissioner’s Office has published new data protection fining guidance setting out how it decides to issue penalties and calculate fines. The guidance provides greater transparency for organizations about how the ICO goes about using its fining power.  Tim Capel, ICO Director of Legal Service, said: “We believe the guidance will provide certainty and clarity for […]

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Nursing Home Declares Bankruptcy, Claims Recent Cyberattacks Contributed

Data Breach News
2280 views 8 secs

Data Breach Today reports: A Midwest operator of nursing homes has filed for bankruptcy, citing the effects of a ransomware attack last fall and fallout from the recent Change Healthcare outage as factors that contributed to its financial woes. See Also: Take Inventory of Your Medical Device Security Risks SC Healthcare Holdings LLC, which operates as […]

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China accused of “malign” cyberattack on UK’s Electoral Commission “after hacking data of 40 million voters”

Cyberattack
1076 views 8 secs

The Independent reports: China has been accused of a “malign” cyberattack on Britain after it allegedly accessed millions of voters’ personal details during a hack on the election watchdog. The UK is poised to sanction those believed to be involved in Chinese state-backed interference, after deputy prime minister Oliver Dowden sets out details about the alleged incident later on […]

FEATURE

Hackers Found a Way to Open Any of 3 Million Hotel Keycard Locks in Seconds

Consumer Alerts
994 views 48 secs

“Two quick taps and we open the door” This may give you second thoughts about any hotel you stay in, or at least what brand of keycard door lock they use for hotel rooms. Andy Greenberg of WIRED reports: When thousands of security researchers descend on Las Vegas every August for what’s come to be […]