President-elect Joe Biden's approach to cybersecurity will likely mirror that of his old boss, former President Barack Obama. Expect Biden's White House to increase pressure on Russia, practice greater involvement in cybersecurity and return to higher levels of coordination than President Trump demanded.
The Hong Kong Monetary Authority's Cybersecurity Fortification Initiative 2.0, an updated version of a framework designed to strengthen cyber resilience in the banking and financial sector, will officially roll out in January and be implemented over the following two years.
The latest edition of the ISMG Security Report features an analysis of the EU General Data Protection Regulation fines that have finally been imposed on Marriott and BA over serious data breaches each suffered. Also featured: Regional digital fraud trends, and a look at the CISO role and its responsibilities.
Victims of crypto-locking malware who pay a ransom to their attackers are paying, on average, more than ever before. But investigators warn that when victims pay for a guarantee that all data stolen during an attack will get deleted, criminals often fail to honor their promises.
The U.S. Justice Department is looking to seize more than $1 billion worth of bitcoin that investigators have linked to the notorious Silk Road darknet marketplace. The cryptocurrency was stored within a mysterious digital wallet that had been dormant for years, but the subject of much speculation.
California voters passed Proposition 24, the California Privacy Rights Act, on Nov. 3, which expands upon the recently activated California Consumer Privacy Act specifically when it comes to enforcement and how businesses handle personal data.
Federal regulators have issued the final version of a five-year strategic health IT plan that sets goals and objectives focused around providing patients secure access of their health data. But what do experts think of the plan, and would it stick under a potential Biden administration?
In the latest health data breach enforcement action by a state, New Jersey regulators have slapped a supermarket cooperative with a large settlement for improper disposal of customer pharmacy information.
Takeaway from the U.K.'s GDPR privacy fine against hotel giant Marriott: During M&A, review an organization's cybersecurity posture before finalizing any acquisition. Because once a deal closes, you're fully responsible for data security - IT network warts and all.
Despite the soaring list of customers reporting data breaches tied to the May ransomware attack on Blackbaud - and numerous legal actions filed against the company - the fundraising software vendor recently told Wall Street that it expects cyber insurance to cover the bulk of its costs associated with the incident.
Large, recently levied privacy fines against the likes of British Airways, H&M and Marriott show regulators continuing to bring the EU's General Data Protection Regulation to bear after businesses get breached. But in the case of Marriott and BA, were the final fines steep enough?
Hotel giant Marriott has been hit with the second largest privacy fine in British history, after it failed to contain a massive, long-running data breach. But the final fine of $23.8 million was just 20% of the penalty initially proposed by the U.K.'s privacy watchdog, owing in part to COVID-19's ongoing impact.
Newly updated Food and Drug Administration guidelines will help experts to more accurately score and communicate the criticality of security vulnerabilities identified in medical devices, says Elad Luz, head of security research at CyberMDX.
Citing the stretched health IT resources and heavy workloads healthcare organizations face as a result of the COVID-19 pandemic, federal regulators are delaying compliance deadlines for information blocking and health IT interoperability regulations.