The latest edition of the ISMG Security Report features an analysis of the city of Tulsa's decision to refuse to pay a ransom following an attack. Also featured: Johnson & Johnson's CISO on shifting priorities; mitigating quantum computing risks.
Belgium's interior ministry, Federal Public Service Interior, is investigating an attack against its network that appears to have the hallmarks of a cyberespionage campaign.
The key to reducing "alert fatigue" is to make sure alerts are repeatedly validated before they're distributed, says Chris Kubic, CISO at Fidelis Cybersecurity, who formerly served as CISO at the U.S. National Security Agency.
There's growing momentum around the use of software bills of materials, which allow for automated supply chain risk analysis. Patrick Dwyer of OWASP says that SBOMs and automation mean organizations can make better risk-based decisions on emerging security threats.
A threat group likely operating from Iran has been attacking Israeli targets for more than a year with the wiper variants Apostle and Deadwood, masking the intrusions as ransomware attacks to confuse defenders, according to SentinelOne.
Network intrusion displaced phishing as the leading hack-attack tactic last year, while ransomware continued to surge as the pandemic complicated incident response efforts, says BakerHostetler's Craig A. Hoffman, who describes trends from the 1,250 incidents his firm helped manage.
To unlock the value of quantum computing, two systemic risks - tech governance and cybersecurity - need to be overcome, says William Dixon of the World Economic Forum.
Iran is using its abundance of oil to generate electricity that powers a massive bitcoin cryptomining operation that enables the country to turn its greatest natural resource into money, offsetting some of its income lost as a result of economic sanctions, according to cryptocurrency analysis firm Elliptic.
Ransomware attacks are stuck on repeat: Criminal syndicates have found an extremely profitable business model, and they're milking it for all it's worth. So give the city of Tulsa, Oklahoma, credit for having in place robust disaster recovery capabilities and vowing to remediate, rather than pay criminals.
You can see it in the latest high-profile attacks: Security requirements are ever more complex, exceeding the capacity of current protection capabilities. Enterprises need a new strategy for defending entry points, and Tom Sego of BlastWave believes he has it.
"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.
SolarWinds has uncovered evidence that intruders were in its systems in January 2019, about eight months earlier than originally believed. CEO Sudhakar Ramakrishna says the company discovered the clues by analyzing terabytes of data from its virtual build systems.
In a session at RSA Conference 2021, three cybersecurity experts said top priorities among the U.S. Cyberspace Solarium Commission's recommendations that have not yet been carried out are adopting a federal data breach notification law and improving public-private partnerships.
What are the top cybercrime trends and threats coming up, and what should organizations be doing now to best prepare? Trend Micro's Rik Ferguson describes threats that are likely to emerge and intensify by 2030 and what security steps all organizations should be taking now.
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