A new ransomware reporting bill introduced to the House of Representatives proposes putting new requirements on financial institutions, some of which are likely to be controversial. Any payment of over $100,000 would require the victim to first obtain special permission from the US Treasury.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
Fraudsters are continuously looking for security loopholes to compromise data. Learn more about International Fraud Awareness week and what you can do to protect your business’s sensitive data using tokenization.
APAC organizations are 80% more likely than the global average to be the target of a cyber-attack. How do organizations achieve cyber resilience as ransomware attacks shift to RansomOps?
Traditional form of security awareness training rarely achieves what it’s set out to do. Instead, valuable time is taken out of employees’ days to complete training that positions them as the problem, thereby reinforcing a negative stigma and undermining the entire process.
After its infrastructure went offline in October, there was widespread speculation that the REvil ransomware group was done for good. The likelihood of that increased with last week's apprehension of affiliates along with the seizure of $6.1 million.
Since ransomware attacks have evolved from a ‘spray and pray’ tactic to a meticulously planned event, businesses need to be better prepared. What is the missing link that can nudge a novice business towards becoming a cybersecurity grandmaster with foresight and adequate visibility across security vulnerabilities?
Robinhood, the most popular app-based trading platform for non-professional investors, has confirmed that it suffered a data breach due to a social engineering attack last week that potentially compromised millions of accounts.”
A new report indicates that ransomware costs are being cut considerably due to better preparedness. And though cyber insurance claims spiked in early 2021 due to the Microsoft Exchange vulnerability, they have been on a steep downward trend since.
Ransomware gangs search for non-public financial information that could affect stock prices during mergers and acquisitions and threaten to publish it to coerce the victim to pay.
Risk of losing a class action lawsuit after experiencing a ransomware attack increases if the enterprise in question was negligent with personal data that was compromised, and it can be proven in court.










