Urooj Burney, senior principal-cyber, risk and operations, Mastercard

Establishing a Risk-Based Approach for Enhanced Cyber Capabilities

Geetha Nandikotkur • January 19, 2022

To build defense capabilities, CISOs need to take a risk-based approach in presenting the highest risk contextually, and they also need to build visibility of tools and controls and a mechanism to prioritize them through a structured program that is communicated in financial terms to the board, says Urooj Burney,

Business Email Compromise (BEC)

CISO Playbook: Log4j Response - Hard Work, Lasting Lessons

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Endpoint Protection Platforms (EPP)

McAfee Enterprise and FireEye Products Rebrand as Trellix

Mathew J. Schwartz • January 19, 2022

Endpoint detection and response software news: The entity formerly known as McAfee Enterprise and FireEye Products has a new name: Trellix. Think of a "security trellis to businesses across the globe, giving them support they need to keep them safe," says CEO Bryan Palma. Will customers and prospects buy in?

Digital Identity

Identity Market Likely to Consolidate in 2022

Suparna Goswami • January 18, 2022

In 2022, there will be a push for identity management capabilities that are behind the scenes and built into processes, says Peter Tapling, a board member on the U.S. Faster Payments Council.

General Data Protection Regulation (GDPR)

Privacy Fines: GDPR Sanctions in 2021 Exceeded $1 Billion

Mathew J. Schwartz • January 18, 2022

Privacy regulators in Europe last year imposed known fines totaling more than $1.2 billion under the EU's General Data Protection Regulation, including two record-breaking sanctions, law firm DLA Piper finds. The total value of fines in 2021 was nearly a sevenfold increase from that seen in 2020.

Cybercrime

Russia Arrests 14 Suspected REvil Ransomware Group Members

Mathew J. Schwartz • January 14, 2022

Russian authorities have arrested 14 individuals suspected of being part of the notorious REvil, aka Sodinokibi, ransomware operation. Russia's Federal Security Agency, the FSB, said it used intelligence provided by the U.S. to help identify the suspects.

3rd Party Risk Management

Ransomware Gatecrashes the Apache Log4j Attack Party

Anna Delaney • January 14, 2022

The latest edition of the ISMG Security Report features an analysis of how attackers are distributing Night Sky crypto-locking malware to exploit Log4j vulnerabilities, lessons learned from Log4j and a security flaw that affects some Tesla-built vehicles.

3rd Party Risk Management

Why Third Parties are the Source of So Many Hacks

Isa Jones • January 14, 2022

Protecting your critical access points and assets should be the number one priority in your cybersecurity strategy.

Governance & Risk Management

Insider Threats are a Quiet Risk in your System

Isa Jones • January 14, 2022

No matter the root cause, the result is the same: reputation damage, fines, compliance issues, and of course the ripple effects that extend outward from a breach.

Governance & Risk Management

Zero Trust Is More Than A Buzzword

Isa Jones • January 14, 2022

Since no one is trusted in this model, insider and outsider access needs to be verified and authenticated each time a user logs into a system.

3rd Party Risk Management

Log4j Updates: Flaw Challenges Global Security Leaders

Devon Warren-Kachelein • January 12, 2022

The security world continues its fight against potential widespread exploitation of the critical remote code execution vulnerability - tracked as CVE-2021-44229 - in Apache's Log4j software library, versions 2.0-beta9 to 2.14.1, known as "Log4Shell" and "Logjam." This is a digest of ISMG's updates.

Endpoint Security

Researcher Says Flaw Allows Remote Access to Teslas

Jeremy Kirk • January 12, 2022

A security researcher in Germany says he's discovered a software flaw affecting a small number of Teslas, allowing him to unlock doors and windows, start vehicles without keys and disable security systems. The flaw, however, does not affect steering, acceleration or braking.

Artificial Intelligence & Machine Learning

Cybersecurity in Today's World: The Role of AI

CyberEdBoard • January 12, 2022

Cybersecurity in today's world is no longer primarily about the implementation of products or solutions. It is more about the analysis of behavior and the ecosystem. Krishnamurthy Rajesh of ICRA discusses the role of artificial intelligence and the need for collaboration among business functions.

Cybercrime

Profiles in Leadership: Nilesh Roy, Spocto

Prajeet Nair • January 8, 2022

With increasing data breaches and ransomware attacks, Nilesh Roy says his top priority is implementing a passwordless environment and securing Spocto's data using its artificial intelligence engine, which processes large amounts of personal financial information without any human intervention.