Lawmakers on the House Committee on Financial Services this week announced nine provisions of its America COMPETES Act of 2022 - one of which has been criticized by cryptocurrency proponents for potential privacy and due process concerns.
U.S. Security and Exchange Commission Chair Gary Gensler wants to broaden cybersecurity regulations. Among his concerns are the rising threat of cyberattacks due to the tensions between Russia and Ukraine, and a need to harmonize communications between financial firms and third-party vendors.
U.K. local authorities are to receive 37.8 million pounds from the government to boost cyber resilience in essential public services, and a Government Cyber Coordination Center is being established under a new U.K. Cyber Security Strategy announced this week.
Following a trend seen in similar cases, a proposed settlement in a class action lawsuit filed against health insurer Excellus in the wake of a cyberattack discovered in 2015 that affected 10.5 million individuals calls for the company to bolster its security.
OMB on Wednesday released a federal strategy to move the U.S. government toward mature zero trust architectures. White House officials say the new strategy - with a focus on MFA, asset inventories, traffic encryption, and more - is a key step in delivering on Biden's May 2021 executive order.
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The U.S. Federal Bureau of Investigation has issued a warning to consumers about cybercriminals targeting people through maliciously crafted quick response - or QR - codes that direct them to links where their credentials and financial information are siphoned off.
Vision benefits provider EyeMed has agreed to pay $600,000 and implement a long list of data security improvements as part of a settlement with the New York attorney general's office following a 2020 email breach that affected 2.1 million individuals, including nearly 99,000 New Yorkers.
The Federal Reserve has published its long-awaited discussion paper on a central bank digital currency. In it, the Fed points to the innovative qualities of digital currencies, but stresses potential risks to the nation's financial system, including heightened cyberthreats and privacy concerns.
The European Union has initiated plans to build its own high-performance and secure DNS resolution infrastructure to reduce reliance on a few public DNS resolvers operated by non-EU entities. The service, named DNS4EU, is to be made available to all EU citizens and organizations.
In the latest weekly update, four ISMG editors discuss the state of cyber insurance today and why its future is uncertain; applying a security-by-design reliability model to analyze vulnerabilities; and how Russia takes down members of the REvil ransomware group as cyber aggressions in Ukraine rise.
The latest edition of the ISMG Security Report features an analysis of whether the cyberattacks that hit Ukraine's government agencies last week are attributable to any group or nation-state along with updates to the cybersecurity executive order and illicit cryptocurrency trends.
The U.K. government is considering new measures to boost cybersecurity standards in the country. The proposed laws recommend levying large fines on essential digital service providers for noncompliance with strict cybersecurity rules, and improving incident reporting.
Among the simplest things that vendors can do to help improve the cybersecurity of their products is providing better transparency, especially regarding the third-party components contained in their technology, says Rob Suárez, CISO of medical device maker Becton Dickinson.
In a span of just days, two prominent congressmen who have long advanced cybersecurity at the federal level announced that they will not be seeking reelection in 2022. Reps. Jim Langevin, D-R.I., and John Katko, R-N.Y., will, however, pursue a cyber agenda throughout the remainder of their terms.
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