Rare, massive data breaches don't necessarily pose the greatest risk to organizations, according to a new study co-authored by Google researchers. Also beware of quiet pedestrian schemes - think phishing, keyloggers - and attack tactics unchanged since the mid-2000s.
All U.S. publicly traded companies should review how they internally disseminate breach information and expect to see revised cybersecurity guidance, says William Hinman, the director of corporation finance for the U.S. Securities and Exchange Commission.
The former CEO of Yahoo, which has had 3 billion records exposed in a 2013 data breach, testified at a Senate hearing that it's tough for any corporation to defend against nation-state backed cyberattacks. That led senators to grill Marissa Mayer about the security steps Yahoo had taken.
Fraudulent SWIFT money-moving attacks continue, as one of Nepal's largest private-sector commercial banks, NIC Asia Bank, says attackers tried to steal $4.4 million after hacking its SWIFT server. Most of the funds have since been recovered.
Equifax says four senior executives - including its CFO - did not know the company had suffered one of the worst breaches in history when they collectively sold about $1.8 million worth of shares. Equifax's board found that 12 days elapsed before the first of the four learned about the hack.
Malaysia is grappling with a sweeping data breach that exposed 46 million mobile phone records, job seeker profiles and data from medical organizations. The breach, which may have occurred in 2014, is the largest Malaysian breach to ever become public.
Organizations can reduce the impact of inevitable data breaches by properly training staff to handle all the key response steps, says Parag Deodhar, CISO for Asia Pacific at Axa Group, a multinational insurance firm.
RBI has slapped a $1 million penalty on Yes Bank for failing to promptly notify the central bank of a 2016 data breach of its ATM Network. Many security practitioners are praising RBI for issuing the penalty, saying it calls attention to the importance of timely breach notification.
It is said that "Data is the new oil." If that's the case, then organizations need to do a far better job inventorying and securing their wells.
Download this eBook interview transcript with Laurence Pitt of Juniper Networks and learn about:
Data's true value in today's economy;
How organizations are exposing...
The RSA Conference returns to Abu Dhabi in November, and event organizers Linda Gray Martin and Britta Glade say this year's agenda is packed with new speakers and topics unique to this growing annual event.
A discussion with ISMG Security and Technology Editor Jeremy Kirk about his chat with the cyber gang "The Dark Overlord," which threatened some U.S. school districts with extortion, leads the latest edition of the ISMG Security Report. Also, an update on surging IT security employment.
A hacker exploited an unpatched, 12-month-old flaw in a small Australian defense contractor's IT help desk and stole data for the country's F-35 Joint Strike Fighter program, among other secrets, the Australian government has warned.
It is said that "Data is the new oil." If that's the case, then organizations need to do a far better job inventorying and securing their wells, says Laurence Pitt of Juniper Networks. He offers insights on leveraging and securing data.
An analysis on finding a replacement for Social Security numbers as an identifier for individuals leads the latest edition of the ISMG Security Report. Also, assessing Kaspersky Lab's responsibility for the hack of an NSA contractor's computer.