Lawmakers urged Director Jen Easterly to devise metrics that quantify how effectively the Cybersecurity and Infrastructure Security Agency uses federal money to cut cyber risk. Rep. Dave Joyce wants CISA to more precisely measure the return on taxpayer spending given the agency's rising budget.
Silicon Valley Bank's new owner plans to double down on business with venture capital and private equity firms and the portfolio companies they serve. VC and PE-focused business accounts form the largest segment of the combined $143 billion loan portfolio of First Citizens and Silicon Valley Bank.
Cybersecurity startups that for decades turned to Silicon Valley Bank in a pinch will now find themselves working with a 125-year-old, North Carolina-based institution. First Citizens Bank has bought all Silicon Valley Bank deposits and loans from the FDIC, which rescued the bank after its collapse.
The United States sent its top cyber offensive team to NATO ally Albania to help secure the nation's critical infrastructure networks. The Cyber National Mission Force helped find cyberthreats and vulnerabilities on networks likely targeted last year by Iranian threat actors.
Europe's cybersecurity agency predicts hackers will take advantage of the growing overlap between information and operational technologies in the transport sector and disrupt OT processes in a targeted attack. Ransomware will become a tool wielded for political and financial motivations, says ENISA.
Russia's invasion of Ukraine in 2022 threw Russia's cybercrime ecosystem into a state of upheaval that still exists to this day. "We identified disruptions to literally every single form of commodified cybercrime," said Alexander Leslie, associate threat intelligence analyst at Recorded Future.
TikTok says the Biden administration has demanded that the company's Chinese owners divest their stake in the company or risk seeing the app get banned in America. The U.S., Canada, EU, U.K. and New Zealand have all banned the use of TikTok on government devices, citing national security concerns.
The former parent company of Silicon Valley Bank filed for Chapter 11 bankruptcy protection Friday in an effort to streamline the sale of its assets. Silicon Valley Bank itself isn't included in the reorganization filing since the FDIC took over the commercial banking business on March 10.
The U.K. government recently embarked on a plan to create its own version of the EU's General Data Protection Regulation, but attorney Jonathan Armstrong says he is "pretty skeptical" that this second attempt at privacy reform will successfully make it through the country's Parliament.
In the latest "Proof of Concept" panel discussion, two Capitol Hill observers at Venable, Grant Schneider and Jeremy Grant, join Information Security Media Group editors to break down the Biden administration's new U.S. national cybersecurity strategy and answer the question, "Is it really viable?"
President Joe Biden's budget request for fiscal 2024 includes a big proposed boost for the federal office charged with enforcing privacy and security within the healthcare industry. The proposal asks for $78 million in appropriations for the Office of Civil Rights.
In the latest weekly update, ISMG editors discuss important cybersecurity and privacy issues, including how the new U.S. cybersecurity strategy doubles down on hitting ransomware, how the strategy shifts liability issues to vendors, and why check fraud is on the rise and what can be done about it.
An overview of the White House's spending blueprint for the coming federal fiscal year shows big proposed increases for cybersecurity. CISA would receive $145 million more that current amounts. Ukraine would receive hundreds of millions to counter "Russian malign influence" including in cyberspace.
Play ransomware hackers attempting to extort the San Francisco Bay Area city of Oakland dumped 10 gigabytes of stolen information over the weekend and threatened that more dumps may come. Researchers have spotted similarities between the Play, Hive and Nokoyawa ransomware groups.
Chinese APT group Mustang Panda is deploying a previously unseen malware backdoor dubbed MQsTTang as part of a spear-phishing campaign targeting governmental organizations, specifically in Ukraine and Taiwan, security firm Eset says. The malware is currently being spread as RAR files, it adds.
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