Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
Two large healthcare organizations - Memorial Health System in Ohio and University Medical Center of Southern Nevada - continue to mop up after recent cyberattacks apparently involving ransomware. The Ohio organization admits negotiating "a settlement" with attackers to obtain a decryptor.
To protect manufacturing operations and data, there are some important cybersecurity gaps to address. Cybersecurity company Lookout explains how to close the five most common security gaps in manufacturing, which are created as a result of digital transformation.
The Brazilian government has confirmed that its National Treasury fell victim to a ransomware attack on Aug. 13. The scope of the incident remains unclear, although officials say it did not damage structural systems.
The consultancy Accenture, which offers cybersecurity services, confirmed Wednesday it had been hit by a cyber incident. The ransomware gang LockBit took credit for the attack.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including improving federal agencies' cybersecurity and businesses recovering from the pandemic's impact.
The U.S. Cybersecurity and Infrastructure Security Agency is creating the Joint Cyber Defense Collaborative to build a national cybersecurity defense strategy based on collaboration between the public and private sectors, CISA Director Jen Easterly said at the Black Hat 2021 conference Thursday.
A seemingly nonstop number of ransomware-wielding attackers have been granting tell-all media interviews. One perhaps inadvertent takeaway from these interviews is the extent to which - surprise - so many criminals use lies in an attempt to compel more victims to pay a ransom.
Two more healthcare delivery systems - Sanford Health and Eskenazi Health - are recovering from cyberattacks - both apparently involving ransomware - that are causing disruptions in service.
In the wake of a recent cyberattack on UF Health Central Florida that disrupted access to patients' electronic health records for about a month during recovery, the entity is now reporting the incident also exposed patient information.
The ransomware landscape changes constantly as groups disappear, change approaches or rebrand. The DoppelPaymer operation, for example, appears to have reinvented itself as Grief, while the administrator of Babuk has launched a ransomware-friendly cybercrime forum called RAMP.
Researchers are warning of three zero-day vulnerabilities in Kaseya's Unitrends cloud-based enterprise backup and disaster recovery technology. The news comes after a July 2 ransomware attack exploiting flaws in Kaseya's VSA software had a major impact.
Europol says the "No More Ransom" project, a portal launched five years ago, so far has helped more than 6 million ransomware victims worldwide recover their files for free so they could avoid paying almost 1 billion euros ($1.2 billion) in ransoms.
Remote management software company Kaseya says it obtained the ability to decrypt all victims of a massive REvil - aka Sodinokibi - attack via its software, without paying a ransom to attackers. But Kaseya has still not revealed how it obtained the decryption key, except to say it was supplied by a third party.
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