Hariom Seth, the founder of Tagglabs, writes: Any company handling data is susceptible to data breaches. IBM in 2023 conducted a study of 553 companies on the cost of data breaches, according to which a majority of organisations within the study had at least 1 major data breach in the past year. Healthcare was the […]
Information Week recently reported on an interesting panel at the RSA conference in San Francisco: Patricia Titus, chief information security officer (CISO) of Booking Holdings Inc., moderated the panel “Life After the Breach: A Survivor’s Guide.” The panelists included Tim Crothers, CISO of Mandiant; Russ Ayres, SVP and deputy CISO of credit bureau Equifax; and […]
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 […]
And that’s just the ones they could find numbers for! Request your free copy of the full report at Protenus.com.
Regardless of whether you work for a big corporation or a small- or medium-sized business, you need to have a plan as to how you will respond in the event of a data security incident. Many plans begin with what to do once you discover a breach, but do not neglect to ensure you have […]
For years now, law enforcement has been urging victims of ransomware attacks not to pay ransom. Their explanations are simple: (1) criminals do not keep their word to delete any data they have stolen from you, (2) criminals will not keep their word not to attack you again, and (3) paying criminals encourages them to […]
Some ransomware gangs demand millions of dollars in ransom or even tens of millions of dollars. Even smaller businesses, non-profit organizations, and public school districts have increasingly become victims of cyberattacks because they are easy targets with poor defenses against attackers. Do you want your system unlocked? Do you want your data back or deleted […]
An article by attorneys at Barnes & Thornburg LLP discusses a court case that serves as a useful reminder of how provisions of cyber policies may be interpreted when it comes to coverage of cyber-related incidents — even when those incidents are not data breaches. In 2016, Southwest Airlines suffered a computer system failure that […]
As 2023 drew to a close, a report by Emsisoft made the bold recommendation to impose a flat-out ban on ransom payments in the event of cyberattacks. Their suggestion has spawned a good deal of discussion, including a new report by incident response firm Coveware, who disagrees strongly with the recommendation. The following is just […]
Chinese hackers are increasingly deploying ransomware – researchers
Researchers at Sentinel Labs and Recorded Future report that Chinese-linked cyberespionage campaigns are increasingly deploying ransomware. CyberScoop reports that their research suggests that ransomware is reportedly used in the final stage of cyberespionage operations to either make money, distract adversaries, or make it more difficult to attribute their work: The report that Chinese hackers are […]