Legal News
December 18, 2024
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CISA orders federal agencies to secure Microsoft cloud systems after ‘recent’ intrusions

For a while, it was just a recommendation. Now it’s mandatory. Federal civilian agencies were ordered to secure their Microsoft cloud systems after several recent cyber incidents.  The Cybersecurity and Infrastructure Security Agency (CISA) issued a binding directive on Tuesday giving federal agencies a series of deadlines to identify cloud systems, implement assessment tools and abide by […]

Legal News, Cyberattack, News
December 17, 2024
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SEC Charges Flagstar for Misleading Investors About Cyber Breach

ADMINISTRATIVE PROCEEDINGFile No. 3-22360 December 16, 2024 – The Securities and Exchange Commission today filed settled charges against Flagstar Bancorp, Inc. (now known as “Flagstar Financial, Inc.”), for making materially misleading statements regarding a cybersecurity attack on Flagstar’s network in late 2021 (the “Citrix Breach”). The SEC’s order finds that Flagstar negligently made materially misleading statements […]

Commentaries and Analyses, Legal News, News
December 10, 2024
1078 views 35 secs 0

Should regulators do more naming and shaming?

The U.K. Information Commissioner’s Office did an interesting two-year trial and the results suggest that publicly reprimanding public sector entities over breaches and data leaks is an effective strategy — even without any monetary penalties. Infosecurity Magazine reports: The publication of reprimands following data leaks has been cited as an “effective” deterrent for public authorities. […]

Legal News, Malware Ransomware
December 03, 2024
927 views 37 secs 0

Wanted Russian Hacker Linked to Hive and LockBit Ransomware Arrested

The Hacker News reports that a notorious Russian cybercriminal wanted in the U.S. in connection with LockBit and Hive ransomware operations has been arrested: According to a news report from Russian media outlet RIA Novosti, Mikhail Pavlovich Matveev has been accused of developing a malicious program designed to encrypt files and seek ransom in return for a […]