New cyber incident reporting rules are set to come into effect in the U.S. on May 1. Banks in the country will be required to notify regulators within 36 hours after an organization suffers a qualifying "computer-security incident." What does this mean for banks, and what are the likely challenges?
In what is likely the shortest breach reporting timeline globally, the Indian Computer Emergency Response Team, CERT-In, has mandated that starting June 28, government and private organizations in the country must inform the agency within six hours of discovering a cybersecurity incident.
Recent incidents affecting the sensitive information of tens of thousands of individuals underscore the ongoing threats and risks facing organizations that handle health and other delicate personal information, including a community health center and a social services agency.
In this edition, four ISMG editors discuss important cybersecurity issues, including how virtual currency Monero is becoming the main alternative to Bitcoin as the crypto choice for criminals, the challenges involved in an identity-centric Zero Trust approach and how to influence change in culture.
Don't stockpile cryptocurrency in case your organization falls victim to ransomware-wielding attackers and opts to pay a ransom. This might seem obvious to anyone aware of the volatility in Bitcoin's value, but some organizations reportedly used to employ this incident response strategy.
The healthcare industry continues to be targeted by ransomware gangs, but there are efforts underway to help improve the health sector's information security resiliency. Errol Weiss of Health-ISAC says the industry as a whole lacks resources.
The recent drop in stock prices has presented private equity firms with a golden opportunity to acquire fast-growing public cybersecurity companies without breaking the bank. Financial buyers have taken advantage, scooping up five of the less than 30 public pure-play cybersecurity vendors.
Half of the 10 largest health data breaches so far in 2022 - affecting millions of individuals - have been added to the federal tally in just the last month as the latest wave of major hacking incidents being reported to regulators continues to grow.
Ransomware attacks have come storming back after experiencing their typical end-of-the year decline. Security researchers report that the greatest number of known victms has been amassed by Lockbit, followed by Conti, Hive and Alphv/BlackCat.
There were no CISOs when Marene Allison started her career. There was not even a cybersecurity discipline. But starting with a distinguished stint in the military, she has progressed through the public and private sectors - including time with the FBI - to become CISO for Johnson & Johnson.
This ISMG Security Report analyzes the U.S. State Department's reward offer of up to $10 million for information about Russian military hackers implicated in NotPetya. It also examines how ransomware may evolve and the new cybersecurity draft guidance issued by the Food and Drug Administration.
As one of the architects of Israel's offensive Red Team intelligence unit and Incident Response Team, Reuven (Rubi) Aronashvili, CEO of Israeli cybersecurity company CYE, provides a highly informed view of current cyberwarfare in the Russia-Ukraine war, including how it differs from kinetic warfare.
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