According to the World Economic Forum, geopolitical instability has helped to close the perception gap between business and cyber leaders' views on the importance of cyber risk management, and "91% of all respondents" believe that "a far-reaching, catastrophic cyber event" is on the horizon.
Banks must rethink their risk management approach in order to be more cyber resilient, says Simon Onyons, managing director, EMEA, cybersecurity with FTI Consulting. The Financial Service Authority in Indonesia recently issued new cybersecurity requirements for the banking industry in the country.
In FY22 about 447 Ransomware incidents were reported in Australia. According to ACSC though they were less than last year the attacks were ‘significantly underreported’, especially by victims who pay the ransom.
Automation with AI and Machine Learning, helps security teams to detect and remediate sophisticated...
A Scottish school system decided not to use facial recognition in its secondary school cafeterias after international outcry. The U.K. Information Commissioner's Office said Tuesday that the North Ayrshire Council failed to obtain freely given consent for the system.
Executives underestimated the security risk associated with operational technology based on the erroneous belief that OT networks are highly segmented or air gapped. But COVID-19 made executives realize their OT networks are more connected than they previously thought, says Dragos CEO Robert M. Lee.
While malicious wipers have stolen most of the headlines in the Russia-Ukraine cyberwar, investigators say Russians are now using modified GammaLoad and GammaSteel info stealer malware to spy on compromised government employee accounts and avoid detection. The attack begins with a phishing email.
Organizations have struggled to understand why APIs are so strategic even though they're an intrinsic way businesses interface with their software, according to Checkmarx CEO Emmanuel Benzaquen. He says API abuse is slated to become one of the most common types of web application data breaches.
Praveen Kumar, group CISO of Zee Entertainment Enterprises, says the market has failed to provide enough solutions to isolate the network when an attack happens. While a zero trust approach helps, there are not enough tools available in the market, he adds.
Okta will execute the third-largest round of layoffs of any cybersecurity company in the current economic downturn, axing 300 workers following customer identity execution challenges. The identity giant plans to reduce its staff by 5% in a push to reduce operating expenses and improve profitability.
Security director Ian Keller, rants about the insider threat and the massive role leadership plays in changing people's behavior so they don't become one. As Keller says, "The way you treat people is directly reflected in how they treat you and your business."
The FTC has for the first time enforced its almost 14-year-old health data breach notification rule. It hit a telehealth and prescription drug discount provider with a $1.5 million civil penalty for failing to inform consumers that it shares their data with advertisers and other third parties.
Radiant Logic has agreed to buy Brainwave to move from an attestation-based identity governance model to one that more rigorously ensures the appropriateness of credentials. Brainwave uses data and AI to tell customers where in the organization user identities are most likely to be out of sync.
Premiums for cyber insurance have climbed sharply along with global rates of ransomware. But signs of increased competition and capital inflows suggest the cyber insurance market may be softening, Marsh executive Sarah Stephens told a U.K. parliamentary committee.
U.S. federal authorities are establishing a new office to tackle supply chain security issues and help industry partners put federal guidance and policies into practice. Former GSA administrator Shon Lyublanovits says she is spearheading the launch of the new organization.
A combination of three security flaws contained in an open-source electronic health record used mainly by smaller medical practices in the U.S. could allow attackers to steal patient data and potentially compromise an organization's entire IT infrastructure, says a new research report.
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