The British Library has confirmed that the October cyber attack disrupted services and leaked employee's personal data listed for sale on the dark web by the Rhysida ransomware gang.
CEO at Swarmnetics
Wei Chieh spent the last 25 years in the IT and consulting industry with roles in software development, network and security management, technology audit, consulting, business development and architecture research. Over the years, he has engaged with companies in more than 25 cities across Asia Pacific, U.S., Europe and Africa.
A very rough year of cyber attacks prompted quick and dramatic legislative action in Australia, and the latest development is the announcement of a new national cybersecurity plan to be funded with A$587 million.
The cybersecurity workforce continues to grow, but not nearly fast enough to keep pace with demand. This is just one of several factors contributing to what the new ISC2 report calls a "perfect storm" of instability in the field.
New report from IANS Research and Artico Search shows that the average security budget is only up by 6% this year, representing a 65% decrease in cybersecurity spending from the prior year.
Chainalysis finds that state-backed North Korean hackers are more reliant than ever on illicit crypto exchanges in Russia to move money. North Korean hackers are thought to have stolen $3.54 billion in cryptocurrency over the last seven and a half years.
Hack of crypto exchange CoinEx's hot wallets has led to a loss of about $70 million in assorted asset types. The data breach was reportedly caused by compromised private keys suspected to be stolen by North Korea's Lazarus group.
Report shows cyber insurance coverage continues to become harder to obtain even as demand and prices continue to increase. For some small businesses, even a meaningful level of partial coverage might be out of reach at this point.
The battle against Log4Shell is proceeding very slowly due to a confluence of factors. It remains buried in a number of assets, particularly legacy systems that are tougher to address. But it also continues to affect organizations via new devices.
A leading lobbying group in the Asia Pacific region is raising a warning about China's new proposed cyber security rules for financial firms, sending a letter to the China Securities Regulatory Commission.
NSA director of cybersecurity says ransom payments are more difficult to process due to lack of access to assorted banking options, and inability to purchase necessary technology to set up the infrastructure for new ransomware campaigns.
