The Computer Emergency Response Team of Ukraine and the National Bank of Ukraine are warning of massive DDoS attacks against pro-Ukrainian targets. The intelligence service in Romania, SRI, also warns of a similar type of attack targeting sites belonging to its national authorities.
New cyber incident reporting rules are set to come into effect in the U.S. on May 1. Banks in the country will be required to notify regulators within 36 hours after an organization suffers a qualifying "computer-security incident." What does this mean for banks, and what are the likely challenges?
In this edition, four ISMG editors discuss important cybersecurity issues, including how virtual currency Monero is becoming the main alternative to Bitcoin as the crypto choice for criminals, the challenges involved in an identity-centric Zero Trust approach and how to influence change in culture.
The healthcare industry continues to be targeted by ransomware gangs, but there are efforts underway to help improve the health sector's information security resiliency. Errol Weiss of Health-ISAC says the industry as a whole lacks resources.
Don't stockpile cryptocurrency in case your organization falls victim to ransomware-wielding attackers and opts to pay a ransom. This might seem obvious to anyone aware of the volatility in Bitcoin's value, but some organizations reportedly used to employ this incident response strategy.
The recent drop in stock prices has presented private equity firms with a golden opportunity to acquire fast-growing public cybersecurity companies without breaking the bank. Financial buyers have taken advantage, scooping up five of the less than 30 public pure-play cybersecurity vendors.
Half of the 10 largest health data breaches so far in 2022 - affecting millions of individuals - have been added to the federal tally in just the last month as the latest wave of major hacking incidents being reported to regulators continues to grow.
Ransomware attacks have come storming back after experiencing their typical end-of-the year decline. Security researchers report that the greatest number of known victms has been amassed by Lockbit, followed by Conti, Hive and Alphv/BlackCat.
This ISMG Security Report analyzes the U.S. State Department's reward offer of up to $10 million for information about Russian military hackers implicated in NotPetya. It also examines how ransomware may evolve and the new cybersecurity draft guidance issued by the Food and Drug Administration.
As one of the architects of Israel's offensive Red Team intelligence unit and Incident Response Team, Reuven (Rubi) Aronashvili, CEO of Israeli cybersecurity company CYE, provides a highly informed view of current cyberwarfare in the Russia-Ukraine war, including how it differs from kinetic warfare.
The Wall Street Journal reported that the sophisticated and well-coordinated groups behind the ransomware attacks on U.S. Hospitals raked in more than $100 million last year. Attacking the domestic healthcare industry is lucrative, especially against a susceptible target. Even worse, ransom payments are no guarantee...
The U.S. government on Tuesday announced a reward of up to $10 million for information pertaining to six alleged Russian military hackers tied to the 2017 NotPetya destructive malware campaign. The malware spread globally, causing commercial damage of up to $10 billion.
The median number of days an attacker dwells in a system before detection fell from 24 days in 2020 to 21 days in 2021, according to a Mandiant report. The biggest year-on-year decline in median dwell time occurred in the APAC region, where it dropped from 76 days in 2020 to 21 days in 2021.
Michael Lines is working with ISMG to promote awareness of the need for cyber risk management, and the CyberEdBoard is posting draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This chapter is titled "Recognize Their Attacks."
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