Unlocking the data generated by ransomware attacks is helping organizations better understand the risks, adopt defensive technologies and prepare for future attacks, says Wade Baker, partner at Cyentia Institute. He discusses new data on how quickly organizations are remediating vulnerabilities.
Four ISMG editors discuss important cybersecurity issues, including how Canada's Desjardins Group settled a data breach lawsuit for $155 million, how Facebook is being sued after allegedly violating patient privacy, and highlights from ISMG's Northeast Summit held in New York this week.
Effective security and risk programs require not just domain mastery but making security accessible to boards of directors and senior officers, says Karin Höne, the group chief information security and risk officer of South Africa-based multinational Barloworld.
Blockchain company Harmony has offered a $1 million bounty to hackers who stole $100 million worth of Ethereum tokens. It says it won’t push for criminal charges if the funds are returned. The exploit did not affect the trustless Bitcoin - BTC - bridge, the company says in its tweet thread.
A malware incident involving exfiltration of data has affected more than 1.24 million patients of Texas-based Baptist Medical Center and Resolute Health Hospital. It adds to a growing list of major health data breaches reported to regulators in recent weeks as affecting millions of individuals.
Ransomware-as-a-service gang LockBit has set up a bug bounty program for its malware and for exploitable vulnerabilities it could use to further criminal activities. Whether the program will go as planned is an open question. The gang is offering $1,000 to $1 million in remuneration.
Ransomware group AvosLocker made use of unpatched VMWare Horizon applications to hack into an unidentified organization’s systems, says analysis from Cisco Talos. The race between systems administrators working to patch the Log4j vulnerability and hackers trying to exploit it is ongoing.
The Conti ransomware group officially pulled the plug on its operation in May. But experts say the group's activities have continued in the form of numerous already-launched subsidiaries or spinoffs, which appear to include Alphv/BlackCat, AvosLocker, Black Basta and HelloKitty, among others.
Watch out for APT and state-sponsored hackers using the Log4Shell vulnerability to gain unauthorized entry into unpatched VMware Horizon Systems and Unified Access Gateway servers, says a joint advisory from CISA and the U.S. Coast Guard Cyber Command.
To excel at cybersecurity incident response, start with planning, preparation and, ideally, regular tabletop exercises, say Kevin Li, CISO for MUFG Securities Americas, and Rocco Grillo, managing director of Alvarez & Marsal's Disputes and Investigations Global Cyber Risk Services practice.
Mark Read, head of data breach solutions for TransUnion in the UK, shares insights on the current data breach landscape, including how businesses should respond to a data breach in order to reduce its impact. "The most successful responses often include the offer of a remediation solution," he says.
A report from the company behind the world's most ubiquitous operating system depicts active cyber scrimmage between Russia and Ukraine and Russia and a slew of other countries. Fighting it is the work of private-public collaboration, Microsoft President Brad Smith writes.
Ransomware has changed the risk landscape for suppliers and is forcing companies to reconsider their risk relationships, says Kelly White, co-founder and CEO of RiskRecon. He discusses the correlation between cyber hygiene, ransomware and data loss.
The latest edition of the ISMG Security Report investigates the reboot of ransomware group Conti, which supports Russia's invasion of Ukraine. It also discusses why paying ransomware actors is a "business decision" and how to respond to the talent shortage in the financial sector.
"Credential phishing is off the charts," says Tonia Dudley of Cofense. She discusses the challenge for organizations to strike a balance between having the right controls in place to block malicious emails and stopping the business from receiving legitimate emails.