A large Midwestern health network says a successful phishing campaign exposed a raft of personal and medical data stored in its email systems. The count of affected victims numbers 1.4 million, although investigators believe stealing personal data was not the attackers' goal.
What advice does the world's first CISO have for the current generation of CISOs? Stephen Katz emphasizes, first and foremost, that cybersecurity must be treated as a business risk management issue rather than a technology issue. He'll be a featured speaker at ISMG's Security Summit in New York Aug. 14-15.
Social media platforms have emerged as the world's most popular forms of communication. They also have become popular platforms for committing fraud. David Pollino of Bank of the West outlines what institutions should do to secure their social media presence.
Recognizing that social media create fertile grounds for fraud, the American Bankers Association now shares advice for how institutions can use these channels in ways that are compliant, smart and risk-savvy. The ABA's Denyette DePierro offers some tips.
Developing a mature threat hunting capability requires experienced incident response leadership as well as good relationships with law enforcement, says attorney Michael Zweiback.
The fundamentals of governance, risk and compliance are sorely lacking in too many organizations that are striving to improve cybersecurity, says Malcolm Palmore, an assistant special agent at the FBI.
When it comes to the internet of things, balancing the need to protect privacy against the need for technological innovation, such as to improve healthcare, is proving challenging, says attorney Jean Marie Pechette.
A recent global survey found that two-thirds of companies are seeing sales delays because of data privacy questions coming from their customers, says Robert Waitman of Cisco.
Data science is playing a fundamental role in a more dynamic approach to cybersecurity, says Jim Routh, CISO of Aetna, who stresses the importance of applying machine learning to front-line data security controls. Routh will be a featured speaker at the ISMG Security Summit in New York Aug. 14-15.
A move to a "more autonomous" security operations center is helping Encompass Health cope with a shortage of skilled cybersecurity workers while improving its response to cyber threats, says Mitch Thomas, chief security officer.
Banks need to improve customer identity verification by bolting on new tools, such as device reputation assessment and behavioral analytics, says Al Pascual of Javelin Strategy & Research.
This edition of the ISMG Security Report features Elvis Chan, a supervisory special agent at the FBI, discussing ongoing efforts to thwart Russian interference in the U.S. midterm election this fall, and Alberto Yepez of ForgePoint Capital addressing cryptocurrency security issues.
A "local network breakdown" - reportedly caused by a ransomware infection - led Chinese shipping giant Cosco to shut down all networks for its offices in the United States and seven other countries while it scrubbed and restored systems.
Facebook is making substantial investments to improve its data security and privacy practices. But the long-term cost of those investments and impact on the bottom line has spooked investors, leading to a $120 billion loss in market value on Thursday, the largest one-day loss of value for a U.S. traded company.
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