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."
It's no surprise that as some ransomware-wielding criminals have been hitting healthcare, pipelines and other sectors that provide critical services, governments have been recasting the risk posed by ransomware not just as a business threat but as an urgent national security concern.
Drawing on his deep background in technology, government and law, cybersecurity adviser Tony Scott delves into many pressing issues in cybersecurity today - including zero trust. In this episode of "Cybersecurity Unplugged," he says organizations should get started on the journey now.
The latest edition of the ISMG Security Report features insight from U.S. Sen. Angus King on why the federal government needs to declare a clear response to cybercriminals in order to deter them. Also featured: Ransomware affiliates gain power and promoting diversity of thought in cybersecurity.
Who's been launching distributed denial-of-service attacks against ransomware operators' sites and cybercrime markets? Disrupting ransomware operations that rely on Tor-based data leak sites and payment portals for double extortion is an obvious move for cutting into their profits.
"Silence is gold." So says ransomware operator Ragnar Locker, as it attempts to compel victims to pay its ransom demand without ever telling anyone - especially not police. But some ransomware-battling experts have been advocating the opposite, including mandatory reporting of all ransom payments.
This edition of the ISMG Security Report features a discussion about why the head of Britain's National Cyber Security Center says the No. 1 cyber risk is not nation-state attackers but ransomware-wielding criminals. Also featured: Western Digital IoT flaws; an FBI agent tracks cybersecurity trends.
The global law enforcement "Anom" honeypot operation racked up impressive statistics for the number of criminals tricked into using the encrypted communications service. Psychology was at play: Officials say users flocked to the service after they disrupted rivals EncroChat and Sky Global.
"They’re playing games," is how one security expert describes Conti ransomware-wielding attackers' "gift" of a decryptor to Ireland's crypto-locked health service, while still demanding a ransom to not leak stolen health data. The same could be said of the DarkSide gang's promised retirement.
Does the West want to have its digital existence defined by adversaries, or is it ready to devote the time, resources, expertise and planning required to more fully take control of its evolving destiny? That's the techno-Darwinian call to arms issued by Jeremy Fleming, the director of Britain's GCHQ intelligence...
Authorities have accused Serbia-based scammers of capitalizing on the "initial coin offering" bubble that began in 2017, bilking global cryptocurrency investors out of $70 million via Bitcoiin2Gen and other supposed coins and hiring actor Steven Seagal to endorse them.
Did Russia pass a tough new cryptocurrency law to help authorities recruit or compel criminal hackers to assist the government? That's the thesis of a new report, which notes that the new regulation includes a host of provisions designed to unmask cryptocurrency users' transactions - or else.
The prospects for passing a U.S. privacy law will improve under the Biden administration, predicts attorney Kirk Nahra, who offers a legislative outlook.
Cybersecurity is poised to become a higher White House priority when President-elect Joe Biden takes office. And he's expected to renew key international relationships needed in the fight against cyberattacks.
As ransomware continues to slam organizations, a lively debate has ensued about whether ransom payments should be banned in all cases. Attempting to ban ransom payments, however, likely would only make the problem worse.
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