The recently ended ISMG Financial Services Summit was dedicated to fortifying cybersecurity preparedness in the financial services industry. Thought leaders guided critical discussions on cybersecurity topics such as critical infrastructure, incident response, supply chain threats and zero trust.
Federal regulators accused SolarWinds and CISO Tim Brown of fraud and internal control failures for misleading investors about the company's cybersecurity practices and risks. The SEC said SolarWinds and Brown disclosed only generic and hypothetical risks even though they knew about specific issues.
U.S. President Joe Biden called on Congress to pass comprehensive legislation on artificial intelligence after invoking Cold War-era executive powers over private industry in a sweeping executive order that aims to set new standards and regulations for AI systems.
Snyk purchased a Portuguese startup founded by SonarSource and European Parliament veterans to help developers contribute to code bases more quickly. The Boston-based developer security vendor said its buy of Porto-based Reviewpad will help developers secure pull requests.
Costco warehouse customers often get free samples of cheese and beef jerky. But members who fill their prescriptions online at Costco pharmacies allegedly get their sensitive information unlawfully scraped and transmitted to third parties, claim two proposed federal class action lawsuits.
PSR shift in liability adds another dimension of complexity for financial institutions (FIs) combatting sophisticated APP fraud scams and new account fraud. Not only is it more challenging for FIs to protect themselves and customers, that liability shift could have deep revenue impact.
Ransomware-wielding groups are among the attackers exploiting vulnerabilities in NetScaler devices to bypass authentication and gain initial access to victims' networks. Experts say users must not just patch but also wipe device memory to prevent attackers from bypassing access controls.
Proofpoint has agreed to purchase a cloud email security provider founded by HSBC, RBS, Santander and UBS alumni to apply artificial intelligence to evolving threats. The proposed acquisition of Boston-based Tessian will help Proofpoint address common forms of data loss including data exfiltration.
U.S. President Joe Biden is invoking a Cold War-era law in an executive order directing developers of advanced AI models to notify the government and share safety tests. The order is "the strongest set of actions any government in the world has ever taken on AI safety," a White House official said.
North Korean hackers are spreading malware through known vulnerabilities in legitimate software. In a new campaign spotted by Kaspersky researchers, the Lazarus group is targeting a version of an unnamed software product for which vulnerabilities have been reported and patches are available.
The U.S. Cybersecurity and Infrastructure Security Agency launched a security tool intended to help organizations with limited resources better protect their Windows-based devices and sensitive data. Logging Made Easy is meant to serve as a turnkey log management tool.
The U.K. communication regulator laid down plans to implement a controversial regulation intended to prevent online child sexual abuse material after it officially became law. The Online Safety Bill received royal assent on Thursday after it was cleared by the parliament in September.
The United Nations unveiled Thursday an AI advisory body that looks to analyze risks and make recommendations on international governance for the technology. The body comprises 38 experts across geographies and industries, including from government, the private sector and civil society.
In the latest weekly update, ISMG editors discuss how cybersecurity businesses are building resilience during the Israel-Hamas war, the latest on the hacks of Cisco IOS XE devices, and recommendations for businesses in Indonesia looking to improve their cybersecurity practices.
Hospitals, clinics and doctor practices have long fallen victim to cyberattacks and breaches kicked off with phishing emails. But with the advent of AI-augmented phishing, the lures are more convincing and could lead to even more scams targeting healthcare organizations, federal authorities warned.
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