A U.S. federal court ruling this week is the latest setback for plaintiffs in an 8-year-old proposed class action litigation against health insurer CareFirst BlueCross BlueShield in the aftermath of a 2014 cyberattack that affected more than 1.1 million individuals.
The U.S. Consumer Financial Protection Bureau is mulling over whether to reimburse consumers for online scams and fraud, but this regulatory change could lead to an increase in first-party fraud, cautioned Karen Boyer, senior vice president of financial crimes at M&T Bank.
Underwriters spend 40% of their time on manual activities, representing an efficiency loss of $85-$160 billion over the next 5 years. To compete and win in today’s uncertain economy, insurers need the speed to adapt to rapidly changing risks and operational challenges.
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Learn how to align your leadership and implement a successful Operational Technology (OT) security posture.
As operational technology (OT) cybersecurity becomes a top priority from boardrooms to the manufacturing floor, CISOs and their teams must implement proven strategies to protect the business.
OT, however,...
Creating a culture of cybersecurity across a healthcare enterprise can be challenging, but it’s critical to patient safety. The days of leaving cybersecurity solely on the shoulders of IT departments are long gone as purchasing decisions get made by department heads across the organization, many of which include...
A top Pentagon technology official on Wednesday emphasized the U.S. Department of Defense's embrace of zero trust. "We've committed to implementing zero trust across the DOD by 2027, which is an ambitious yet critical milestone," Department of Defense CIO John B. Sherman told a Senate panel.
The Food and Drug Administration on Wednesday said that starting immediately, medical device makers must include cybersecurity plans with new product applications. Beginning on Oct. 1, the FDA intends to issue "refuse to accept" determinations for submissions lacking the cyber requirements.
Cisco plans to purchase its second cloud security startup in two months to deliver context, prioritization and remediation recommendations for cloud-native resources. The networking giant said its proposed buy of Lightspin will allow clients to identify and address key cloud security risks.
Lawmakers urged Director Jen Easterly to devise metrics that quantify how effectively the Cybersecurity and Infrastructure Security Agency uses federal money to cut cyber risk. Rep. Dave Joyce wants CISA to more precisely measure the return on taxpayer spending given the agency's rising budget.
Blue Shield of California is notifying more than 63,000 customers that their data was potentially exfiltrated in a compromise involving Fortra's GoAnywhere secure file transfer software and one of the health plan's covered mental health providers for minors.
Recent high-profile breaches resulting from API attacks are "just the tip of the iceberg," said Gartner analyst Dionisio Zumerle. "What we have is a new way of exchanging information which is increasingly popular, and almost no organization has the recipe to secure that new way of communicating."
Silicon Valley Bank's new owner plans to double down on business with venture capital and private equity firms and the portfolio companies they serve. VC and PE-focused business accounts form the largest segment of the combined $143 billion loan portfolio of First Citizens and Silicon Valley Bank.
Cybersecurity startups that for decades turned to Silicon Valley Bank in a pinch will now find themselves working with a 125-year-old, North Carolina-based institution. First Citizens Bank has bought all Silicon Valley Bank deposits and loans from the FDIC, which rescued the bank after its collapse.
The United States sent its top cyber offensive team to NATO ally Albania to help secure the nation's critical infrastructure networks. The Cyber National Mission Force helped find cyberthreats and vulnerabilities on networks likely targeted last year by Iranian threat actors.
In the latest weekly update, ISMG editors discuss how Russia's invasion of Ukraine upended the cybercrime ecosystem, a lawsuit against a U.S. cardiovascular clinic that seeks a long list of security improvements, and the latest endpoint protection technology trends in the Gartner Magic Quadrant.
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