Image: Shutterstock

Microsoft Pays $20M to Settle FTC COPPA Complaint

David Perera • June 5, 2023

Microsoft will pay $20 million to settle a U.S. federal investigation into whether the computing giant violated children's privacy protections during the Xbox Live registration process. The Federal Trade Commission accused the company of a slew of infractions.

Cyberwarfare / Nation-State Attacks

Ring Settles FTC Allegations of Poor Cybersecurity, Privacy

Latest

Fraud Management & Cybercrime

Highlights of Verizon Data Breach Investigations Report 2023

Anna Delaney • June 6, 2023

Pretexting incidents, a social engineering technique that manipulates victims into divulging information, have nearly doubled, representing 50% of all social engineering attacks, according to Verizon's 2023 Data Breach Investigations Report, which analyzed more than 16,312 security incidents.

Fraud Management & Cybercrime

Verizon: When Ransomware Attacks Cost, They're Costing More

Mathew J. Schwartz • June 6, 2023

Criminals are continuing to wield stolen credentials, compromise attacks, ransomware and social engineering to earn an illicit payday, according to Verizon's latest annual analysis of data breaches and how they happened, which finds that post-ransomware cleanup costs are rising.

Application Security

Cisco Doubles Down on Generative AI, SSE, Cloud App Security

Michael Novinson • June 6, 2023

Cisco took its first major step toward realizing its secure cloud vision in April with the debut of a new extended detection and response platform. The next set of enhancements around generative AI, secure access and defending applications across multiple clouds debuted Tuesday at Cisco Live 2023.

3rd Party Risk Management

Iowa Reports Third Big Vendor Breach This Year

Marianne Kolbasuk McGee • June 5, 2023

The Iowa Department of Health and Human Services has reported to federal regulators its third major health data breach involving a vendor since April. This time, Iowa HHS/Medicaid says the data of nearly 234,000 individuals was compromised in a mega hack recently reported by MCNA Insurance Co.

Fraud Management & Cybercrime

Microsoft Attributes MOVEit Transfer Hack to Clop Affiliate

Jayant Chakravarti , David Perera , Mathew J. Schwartz • June 5, 2023

Microsoft says an affiliate of the Russian-speaking Clop ransomware gang is behind a rash of attacks exploiting a recently patched vulnerability in Progress Software's MOVEit application. Known victims include British payroll provider Zellis, which says eight corporate customers were affected.

Business Continuity Management / Disaster Recovery

Why Rubrik Is Looking to Break Cybersecurity's IPO Dry Spell

Michael Novinson • June 5, 2023

Despite the beating new publicly traded security companies have taken during the economic downturn, Rubrik is looking to test its luck in the public market. Reuters reported Monday the firm is working with Goldman Sachs, Barclays and Citigroup in preparation for an IPO that could take place in 2024.

Cybercrime

Chinese APT Backdoor Bypasses Indonesian Antivirus

Jayant Chakravarti • June 2, 2023

A Chinese espionage threat group is using a novel backdoor to bypass popular Indonesian antivirus tool Smadav. Targets include European embassies in Southeast and East Asia. Smadav treats processes with no windows as suspect. The APT gets around that by opening a window not visible to users.

HIPAA/HITECH

Mistrial in Criminal HIPAA Case Against Army Doctor & Spouse

Marianne Kolbasuk McGee • June 2, 2023

A federal judge declared a mistrial in the criminal HIPAA conspiracy case against a married couple, both doctors, after the jury deadlocked on whether the two had been entrapped by the U.S. government into providing patient records to a supposed Russian operative. Prosecutors will seek a retrial.

Leadership & Executive Communication

ISMG Editors: Why Communications Skills Matter for CISOs

Anna Delaney • June 2, 2023

In the latest weekly update, ISMG editors discuss why communication is vital to be an effective CISO in 2023, how the hack of Florida-based dental insurer MCNA affects nearly 9 million people, and how CyberArk is securing privileged users with a new browser.

Endpoint Protection Platforms (EPP)

SentinelOne Lays Off 5% of Staff as Data Consumption Tumbles

Michael Novinson • June 1, 2023

SentinelOne plans to ax approximately 105 workers after a significant drop in data usage for products with consumption-based pricing caused revenue to fall short of expectations. The company revealed plans to reduce its staff by 5% to remain on track with achieving non-GAAP profitability next year.

Fraud Management & Cybercrime

After Ransomware Attack, Oakland Faces Data Breach Lawsuit

Mathew J. Schwartz • June 1, 2023

A flurry of legal complaints and a lawsuit have been filed against the city of Oakland, California, after it fell victim to a ransomware attack. The Play group claimed credit for the attack and posted some of stolen information, which includes personal details, ID numbers and health information.

Blockchain & Cryptocurrency

Cryptohack Roundup: Hacker Yields Control of Tornado Cash

Rashmi Ramesh • June 1, 2023

In the days between May 26 and June 1, Tornado Cash validators regained control, Tron patched a bug that could be exploited for $500 million, Binance said it will delist privacy coins in four European countries, Coinbase settled insider trading charges and Hong Kong police joined the metaverse.