Remember Y2K? Widespread disruption was feared since systems that rendered dates as two digits needed to be updated to work with four. Well, Microsoft Exchange just issued a workaround to fix a fatal error that disrupted email delivery due to a date check failure with the change of the New Year.
The U.S. government has taken notable moves to enforce cybersecurity regulation and propose legislation, says Andy Watkin-Child, founding partner of the Augusta Group. To help prepare for these shifts, he advises organizations to improve their "understanding in global regulation in cyber."
To crack down on the criminal use of cryptocurrency, including for ransomware, authorities are increasingly targeting "cryptocurrency businesses that do not have the compliance controls in place necessary to mitigate the risks of illicit activity," says Ari Redbord of TRM Labs.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the ransomware-as-a-service model shifted in 2021, the rise of fraud in faster payments and how to prevent it, and one CISO's take on the state of the industry.
As network defenders continue to patch or mitigate against the remote code execution vulnerability in the Java-based logging utility Log4j, several cybersecurity vendors - and the U.S. CISA - have issued scanning and assessment tools to speed up the identification process.
ISMG's global editorial team reflects on the top cybersecurity news and analysis from 2021 and looks ahead to the trends already shaping 2022. From ransomware to Log4j, here is a compilation of major news events, impacts and discussions with leading cybersecurity experts on what to expect in the new year.
For Santosh Kamane, head cybersecurity, risk management and business continuity at DBS Asia Hub 2, privacy regulations play a huge role in improving the security posture of enterprises, including banks.
ONUS, one of Vietnam's largest cryptocurrency platforms, has reportedly fallen victim to a ransomware attack that has been traced to Apache's remote code execution vulnerability, Log4j, via third-party payment software. CrowdStrike has also detected Chinese APT activity around the logging flaw.
In the U.S., three states now have disparate data privacy laws - and more are coming. Meanwhile, China has enacted a new law that has global enterprises scrambling. How will these and other actions shape privacy discussions in 2022? Noted attorney Lisa Sotto shares insights.
U.S. President Joe Biden on Monday signed into law the National Defense Authorization Act for fiscal year 2022, which contains $768 billion in defense spending - 5% more than 2021 - and several cybersecurity provisions, including expansion of the Cybersecurity and Infrastructure Security Agency.
On the cusp of 2022, John Kindervag - the father of the Zero Trust security model - reflects on how the Zero Trust dialogue has evolved in 2021 and makes his New Year's predictions. Will the president's executive order be an accelerator or an anchor? Which myths are ripe to be busted?
As ransomware attacks continue to pose a significant threat to enterprises and individuals, "We will keep banging the message that basic cyber hygiene makes a big difference to lots of people," says Andy Bates of the Global Cyber Alliance. He also discusses the alliance's top priorities for 2022.
Set to be established by March 2022 to tackle the "growing danger from cyberattacks and threats to national security," the Indian government's plan to set up a unified national-level cybersecurity task force is a welcome move, some security experts say, while also pointing out its shortcomings.
Organizations lack a basic understanding of "the landscape of security vulnerabilities," says U.K.-based cybersecurity expert John Walker. He discusses the state of cybersecurity today - including why he prefers the term "verified trust" to Zero Trust - and offers predictions for 2022.
Where the fraud market is headed in 2022, and which fraud prevention strategies will give enterprises the most bang for their buck? Three experts - Featurespace's PJ Rohall, Accenture's Sophia Carlton, and American Bankers Association's Ian Mitchell - detail what to expect next.
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