The international payments system is largely based on the three-decades old SWIFT messaging system. But cyberattackers have exploited weak controls employed by banks to make fraudulent transfers. Nick Armstrong of Identitii discusses a path forward for securing payments made with legacy systems.
Exploring Samuel Visner's vision - patterned after the Manhattan Project and moonshot - for collaborating to create innovative ways to improve cybersecurity leads the latest edition of the ISMG Security Report. Also featured: a report on legislation designed to improve the security of U.S. elections.
Two London-based Romanians recently arrested in Bucharest as part of a roundup of alleged ransomware attackers have been accused of hacking into Washington surveillance cameras and using them as a launchpad for Cerber and Dharma ransomware attacks.
Compared to the mega-breaches that hit the healthcare sector in 2015 and 2016, the top 10 breaches reported for 2017 were far smaller. Security experts analyze whether that's really a sign of progress.
An analysis of the cyber component of the Trump administration's just-published National Security Strategy leads the latest edition of the ISMG Security. Also, DHS and industry establish a cyber coordinating council to help secure the U.S. electoral system.
The Trump administration has belatedly announced that hackers tied to the government of North Korea were behind the WannaCry ransomware outbreak that began in May and infected more than 200,000 endpoints across 150 countries. Why is the White House only now airing its attribution?
In an usual move, federal regulators have made arrangements to have a cyber insurer cover a $2.3 million HIPAA penalty on behalf of a bankrupt cancer care clinic chain, 21st Century Oncology, which also signed false claims settlements totaling $26 million.
Legislation pending in Congress that would offer protections for companies and individuals who seek to "hack back" in retaliation against cybercriminals who have attacked them is a bad idea, contends Alan Brill of Kroll.
With just a few months left until the EU's General Data Protection Regulation will be enforced, too many so-called "experts" are spreading fear and falsehoods about the regulation, says Brian Honan, a Dublin-based cybersecurity consultant, who clarifies misperceptions in an in-depth interview.
The latest ISMG Security Report leads with a report on a malware attack on an industrial safety system that experts contend could threaten public safety. Also, legislation giving DHS's cybersecurity unit a meaningful name progresses through Congress.
What does the title National Protection and Programs Directorate mean to you? It's not so clear, unless you are familiar with the Department of Homeland Security's organizational chart. To clarify its mission, the House has voted to rename - and revamp - the DHS agency.
Most of the criminal activity targeting today's enterprises originates at the endpoint, and the majority of modern breaches use known threats or vulnerabilities for which a patch already exists. For this reason, endpoint visibility must be complete and continuous.
Cybercriminals continue to rely on individuals who undertake the risky operation of moving illicit proceeds from one location to another. But these "money mules" face a multitude of risks, including imprisonment, police warn.
The latest ISMG Security Report features a special report on securing medical devices. Healthcare security leaders from the FDA, an academic medical center and a medical device manufacturer share their insights on the challenges involved.