As ransomware attacks continue to dominate headlines, Quentyn Taylor, a Canon director of information security, cautions organizations not to forget about "some of the other threats, like business email compromise," which continue to cripple organizations through financial and reputational damage.
Marcus Rameke of Nikko Asset Management Group in New Zealand shares how he led the digital transformation journey to enable it to fulfill new business requirements using an agile approach that made staff more mobile and able to achieve better productivity and revenue and improve client satisfaction.
ISMG editors discuss: U.S. Sen. Angus King on the need for the federal government to form a clear, declarative cyber deterrence strategy, how CISA is ramping up efforts to support critical infrastructure defenses and the potential implications of the U.S. blacklisting of Israeli spyware firms.
The U.S. State Department is offering rewards of up to $10 million for information that leads to the identification or location of members of the DarkSide ransomware gang and others who attack critical infrastructure. It follows the U.S. taking offensive cyber action against REvil, The Washington Post reports.
The latest edition of the ISMG Security Report features insight from U.S. Sen. Angus King on why the federal government needs to declare a clear response to cybercriminals in order to deter them. Also featured: Ransomware affiliates gain power and promoting diversity of thought in cybersecurity.
As the COVID-19 pandemic persists, cybersecurity threats and related risks continue to grow, including ransomware, external threats and especially those involving healthcare insiders, says Denise Anderson, president of the Health Information Sharing and Analysis Center.
The U.S. Cybersecurity and Infrastructure Security Agency on Wednesday issued a new directive - BOD 22-01 - requiring federal civilian agencies to patch vulnerabilities known to be actively exploited in the wild.
Facebook plans to shut down its facial recognition system, saying the regulatory landscape is unclear and citing ongoing concerns about the effects on society of using such systems. The company plans to delete more than 1 billion facial profiles.
The Federal Bureau of Investigation has issued a notification warning to private sector companies, especially those listed or in the process of being listed on stock exchanges, to be aware of ransomware actors using their undisclosed merger and acquisition data for extortion.
Ransomware-as-a-service provider BlackMatter has ceased operations due to pressure from local authorities, malware research organization vx-underground says, citing an announcement made by the gang on a Russian underground site.
While ransomware remains many criminals' weapon of choice for reliably shaking down victims, the ransomware-attacker landscape itself continues to evolve in numerous ways, with a constant influx of fresh players, regular rebranding, as well as the challenge of cashing in cryptocurrency while staying anonymous.
CISA Director Jen Easterly and congressional leader John Katko, R-N.Y., agree that officials must take precautionary steps to identify "systemically important critical infrastructure" to reduce risks of pervasive supply chain cyberattacks.
India is in the last stage of rolling out a national cybersecurity strategy that aims to address challenges and appoint an apex body to regulate various government agencies, including CERT-In, the Cyber Crime Coordination Center and the National Critical Information Infrastructure Protection Center.
How is the ransomware ecosystem set to evolve? Since some operations overreached - notably with DarkSide's hit on Colonial Pipeline - "what we're seeing … is that there is going to be a power balance shift," says McAfee's John Fokker, with more affiliates, not gang leaders, calling the shots.
Roya Gordon of Accenture Security describes how rather than hunting for zero-day vulnerabilities, attackers are exploiting N-Day - or known - vulnerabilities. She also discusses how to better synthesize and act on threat intelligence.
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