Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
T-Mobile USA says its massive data breach is worse than it first reported: The count of prepaid and postpaid customers whose information was stolen has risen to 14 million. Also revised upward: its count of 40 million exposed credit applications from former customers and prospects.
Initial access brokers continue to sell easy access to networks. Given the uptake of such access by ransomware operations over the past year, one surprise is that relatively few individuals appear to be serving as brokers, which, of course, makes them an obvious target for law enforcement authorities.
What are the latest cybersecurity issues? Join four Information Security Media Group editors as they describe the top issues of the week, including the risk of cyberattacks provoking a kinetic response, as well as top healthcare CISOs' tips for handling supply chain security, resiliency and ransomware.
This edition of the ISMG Security Report offers an analysis of how tractors manufactured by John Deere are at risk of being hacked. Also featured: a description of the infrastructure bill passed by the Senate that would boost cybersecurity funding and an update on the reboot of the AlphaBay darknet market.
The recent ransomware attack that disrupted Scripps Health's IT systems and patient care for nearly a month has so far cost the San Diego-based organization nearly $113 million, including $91.6 million in lost revenue, according to a financial report the nonprofit entity filed this week.
NIST is updating "cyber resiliency" guidance to focus on mitigating modern cyberthreats to IT networks, especially ransomware and nation-state attacks. A draft encourages security defenders to move away from a perimeter-based defense to building resilient IT systems.
Two Latvian men tied to an extensive international money laundering operation that aided prominent cybercriminals have pleaded guilty to conspiracy charges.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including improving federal agencies' cybersecurity and businesses recovering from the pandemic's impact.
A seemingly nonstop number of ransomware-wielding attackers have been granting tell-all media interviews. One perhaps inadvertent takeaway from these interviews is the extent to which - surprise - so many criminals use lies in an attempt to compel more victims to pay a ransom.
Italy's privacy regulator has slammed two of the country's biggest online food delivery firms - Deliveroo and Foodinho - with multimillion euro fines for using algorithms that discriminated against some workers. Legal experts say it's a reminder that such algorithms must be demonstrably transparent and fair.
A consolidated class action lawsuit filed against mobile game developer Zynga after it suffered a 2019 data breach looks set to be handled instead via arbitration. A judge notes that users agreed to arbitration in the terms and conditions, and so far, they've failed to prove they suffered any financial harm.
Citing a need to secure artificial intelligence technologies, NIST is working to create risk management guidance around the use of AI and machine learning, the agency has announced. NIST is seeking feedback to address governance challenges.
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