Cybercriminals are increasingly preying on small hospitals, often in rural communities, knowing that security defenses at these facilities are often much weaker than those at larger institutions, said Kate Pierce, a former longtime CIO and CISO at a 25-bed community hospital in Vermont.
The potential for cybercriminals to reverse-engineer generative AI tools, the rise of geopolitical threats and increased cloud complexity are among the top new threats facing security teams in 2023, according to Forrester's Top Cybersecurity Threats In 2023 report.
In the latest weekly update, ISMG editors discuss how cyber risk is becoming more closely tied to the economic health of nations, why a rural U.S. healthcare provider is closing due in part to ransomware attack woes, and why some cybersecurity companies have laid off staff this month.
Every week, ISMG rounds up cybersecurity incidents in the world of digital assets. This week, Atomic Wallet, FPG, Sturdy Finance and Hashflow suffered hacks involving millions of dollars, hackers phished followers of popular Twitter accounts and an Australian bank wanted to limit crypto use.
This week, the list of MOVEit victims grew and now includes the U.S. government. Also, CISA and its global peers crowned LockBit the world's top ransomware threat, North Korean hackers copied a popular South Korean web portal, and an impersonation campaign used SEO techniques to target top brands.
Federal officials charged a Russian national with carrying out at least four LockBit attacks against businesses in the United States, Asia, Europe and Africa. The Justice Department said Ruslan Magomedovich Astamirov, 20, of Chechnya, deployed ransomware between August 2020 and March 2023.
A commercial real estate company that operates more than a dozen addiction recovery centers and other medical facilities in several states is notifying 319,500 employees and patients of a recent ransomware incident that compromised their personal and health information.
Federal regulators have hit Washington state-based Yakima Valley Memorial Hospital with a $240,000 HIPAA fine and correction action plan following a 2018 breach involving 23 hospital security guards who snooped into the electronic medical records of 419 patients.
European lawmakers on Thursday denounced the commercial spyware industry and chastised half a dozen member nations for deploying spyware against citizens or selling it abroad. "Spyware is part of the toolkit of authoritarians who undermine democracies," said Dutch MP Sophie in 't Veld.
As countries across the globe adopted real-time payments at breakneck speed over the past year, experts said authorized push payments fraud sharply increased. APP scams nearly doubled year-over-year compared to other types of fraud. ACI Worldwide's Jackie Barwell shared fraud trends in a new report.
Chinese hackers in a state-run operation compromised hundreds of organizations through a zero-day vulnerability in a popular email security appliance, warns cyber threat intelligence firm Mandiant. Hackers used a zero-day vulnerability in Barracuda Networks Email Security Gateway appliances.
"Insurance is a tool," said Libby Benet, the global chief underwriting officer for AXA XL. "When you buy an insurance policy, you are buying a network of professional crisis managers." In this episode of "Cybersecurity Insights," Benet discussed present and future cybersecurity insurance issues.
Microsoft's June dump of patches for the first time in months doesn't include a fix for an actively exploited zero-day in a slew of fixes for 69 vulnerabilities spread across the computing giant's portfolio of products. Among them are SharePoint, Exchange and servers that enable multicasting.
Microsoft says a newly identified Russian military intelligence threat actor uses noisily destructive payloads in a bid to intimidate mostly Ukrainian targets. The computing giant dubs the threat actor Cadet Blizzard and says it carried out the January 2022 WhisperGate attacks against Ukraine.
Sumo Logic has axed 8% of its workforce less than a month after Francisco Partners paid $1.7 billion to take the data analytics vendor private. The company told California's Economic Development Department on June 7 that it would lay off 79 staff at its Silicon Valley headquarters the following day.
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