The American Bankers Association and three other banking groups have voiced objections to provisions in a proposed federal cyber incident notification regulation. For example, they say the definition of a reportable "computer security incident" is too broad and would result in the reporting of insignificant events.
The SolarWinds supply chain attack that led to follow-on attacks on nine government agencies and 100 companies points to the need for a federal law requiring prompt breach notification, several senators said at a Wednesday hearing.
Criminals love to amass and sell vast quantities of user data, but not all data leaks necessarily pose a risk to users. Even so, the ease with which would-be attackers can amass user data is a reminder to organizations to lock down inappropriate access as much as possible.
At least 14 lawsuits seeking class-action status have been filed against Accellion in the wake of breaches of the vendor's 20-year-old File Transfer Appliance. A motion to consolidate the cases has also been filed.
How much does it cost to recover from a ransomware attack? For the Scottish Environment Protection Agency, which was hit by the Conti ransomware-wielding gang on Christmas Eve, reported cleanup costs have reached $1.1 million. SEPA is still restoring systems and has refused to pay any ransom.
New York state officials are warning insurance and financial firms that fraudsters continue to probe for security weaknesses in websites offering instant quotes, as a way to target consumers' data. Attackers are now using credential stuffing techniques and targeting unprotected data in transition.
Synthetic identity fraud is a pervasive yet ill-defined crime – hard to define as well as to detect. Greg Woolf of FiVerity discusses a recent initiative by the Federal Reserve in Boston to better define and therefore better manage SIF.
Projects with potential cybersecurity components included in the Biden administration's $2 trillion infrastructure spending proposal include upgrading the aging and insecure electrical grid, addressing supply chain vulnerabilities and supporting research on artificial intelligence and quantum computing.
This paper will lay out key steps to help organisations sensibly adopt a better data protection posture and with it, build a firm foundation towards onward compliance. The key principles of Classification by Design will be introduced as a logical, yet robust start point. We summarize with the overarching takeaway that...
Ahead of presenting a long-term review of national security strategy in Parliament on Tuesday, U.K. Prime Minister Boris Johnson issued a statement calling for a boost to the country’s capacity to conduct cyberattacks on foreign adversaries.
U.S. Rep. Suzan DelBene, D-Wash, has reintroduced a bill that would create a national-wide data privacy standard that in its latest incarnation makes an attempt to placate Republicans. The bill, if passed, would replace a patchwork of current state laws.
U.S. authorities have extended the crackdown on the Sky ECC cryptophone service by charging the CEO of parent company Sky Global and its alleged main distributor - both Canadians - with running an "illicit secret communications network" for criminals and hiding profits via shell companies and cryptocurrency.
As part of First National Bank's (FNB) ongoing compliance efforts, the information security team had been performing regular user access reviews on key SOX and other in scope applications. With approximately 4,500 employees, the volume of user accounts across multiple in-scope applications was daunting. The entire...
As an FDIC regulated corporation, The Bancorp is required to perform user access reviews to ensure that staff have the appropriate access rights to key applications. The security team previously conducted the reviews semiannually through the use of very large and cumbersome Excel spreadsheets. This spreadsheet rodeo...