In the latest weekly update, ISMG editors discuss the shifting dynamics of cyber insurance, why APAC is approaching privacy regulations around emerging technologies, and how U.S. authorities charged the co-founders of cryptocurrency mixer Tornado Cash with money laundering.
Four years ago, federal regulators started sending a message to healthcare entities about the need to give patients timely access to their health records. Insurer UnitedHealthcare, the 45th firm penalized for potential "right to access" violations, agreed to an $80,000 fine and corrective action.
Third-party targeting by attackers has intensified due to the interconnectedness of the business world, enabling adversaries to exploit intermediaries for access. With the surge in cloud adoption, visibility in the cloud is paramount, advised Levi Gundert, chief security officer at Recorded Future.
Secure access service edge has evolved significantly over the past four years, transforming from a relatively new idea into a well-defined and widely discussed framework for network and security architecture. NetWitness focuses on integration rather than offering a SASE product.
While a significant number of attacks are not yet AI-driven, there's a noticeable shift in the creation of generative malware and lures for business email compromise, warned Ashan Willy, CEO at Proofpoint. LLMs are being used to create enticing lures in foreign languages to target broader audiences.
As the threat landscape continues to evolve, defenders need to shift their focus from individual wins to sustained proactive defenses. Resecurity COO Shawn Loveland proposes embracing a strategy of understanding and fighting adversaries in a constantly changing space - with no beginning and no end.
Enterprises have been keenly exploring the potential of generative AI, deploying it to fuel innovation. But stealthy integration of AI features into products already owned by organizations has cybersecurity experts worried, said Jeff Pollard, vice president and principal analyst at Forrester.
The FBI urged the immediate removal of previously hacked email security appliances made by Barracuda Networks, injecting fresh urgency into the push to stymie what's been called the broadest Chinese cyber spying campaign in years. Mandiant linked the hack to Beijing with "high confidence."
Grant Bourzikas shared his experience as the new CISO at Cloudflare, highlighting a 90-day period during which he engaged with customers, internal nonsecurity personnel, executives and his team to gather insights on Cloudflare's security landscape.
Organizations engaged in software production often run their applications and services within cloud environments. CEO Ganesh Pai advocates the "shift-up" approach for enhanced cloud security, which focuses on operational visibility extending from software composition to production workloads.
The BlackCat group on Monday claimed responsibility for a ransomware attack on Japanese watchmaker Seiko, publishing samples of stolen data files as proof of its exploit. Seiko Group Corp. announced earlier this month that it had detected unauthorized users accessing of some of its servers.
No sector took digital transformation as seriously as healthcare did. From remote work to multi-cloud environments to new digital healthcare experiences for patients, it's a brave new world - with new risks. Anahi Santiago of ChristianaCare discusses these risks and how to mitigate them.
In the ever-evolving landscape of cybersecurity, zero authority is giving defenders a new perspective on security and business enablement, said Jake Seid, general partner at Ballistic Ventures. "Zero authority is an architectural change that affects every area of security," he said.
In encryption-less attacks, ransomware gangs steal large volumes of sensitive data, including terabytes of information, without locking up systems. Attackers leverage the value of the stolen data as a means to coerce organizations into paying ransoms to avert data release.
The cybersecurity industry remains resilient in the face of recession fears, said Alberto Yépez, co-founder and managing director of Forgepoint Capital. Amid economic shifts and technological advancements, the market is adapting to new challenges and opportunities.