A newly identified financially motivated threat group, dubbed "FIN11," is deploying Clop ransomware and exfiltrating data from its targets for extortion efforts, according to researchers at FireEye Mandiant.
Organizations worldwide need to be "ruthless in their prioritization" of scarce resources for data security in 2021 and beyond, says Bobby Ford, global CISO of consumer brands giant Unilever, who will be a featured speaker at ISMG's Virtual Cybersecurity and Fraud Summit: London on Oct. 20.
In January 2020, an independent research firm, commissioned by Veeam, completed a survey of 1,550 enterprises across 18 countries on what their data protection challenges and goals were. That research included 217 financial services organisations.
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Organizations around the world must build stronger cyber resilience programs to help ensure they can bounce back from cyberattacks, says Craig Rice, group director of cyber resilience at Aviva, a British multinational insurance firm, who describes how regulatory requirements will evolve.
Among the most malicious and potentially dangerous cyber incidents affecting the healthcare, energy and other sectors are evolving "distruptionware" attacks - including ransomware - that aim to shut down businesses, says retired FBI agent Jason G. Weiss.
As Universal Health Services continues to recover from an apparent ransomware incident last weekend that affected system access for hundreds of its facilities, security experts say others can learn important lessons from the company's experience.
Blackbaud, a provider of cloud-based marketing, fundraising and customer relationship management software, now acknowledges that a ransomware attack in May could have exposed much more PII - including banking details - than the company initially believed, according to an SEC filing.
The latest edition of the ISMG Security Report features an analysis on why criminals continue to use darknet markets, despite the risks. Also featured: Hackers target Virgin Mobile KSA; coping with COVID-19 stress.
It might be new, but are we ready to call this "normal?" In this latest in a series of CEO/CISO panels, cybersecurity leaders talk frankly about the new risk surface and the role emerging technologies play in helping us keep pace with our adversaries.
New Zealand's stock exchange, NZX, recently fell under a massive distributed denial-of-service attack that was part of an extortion attempt. Security specialist Daniel Ayers breaks down what went wrong and how other organizations can avoid similar issues.
Since March, the operators behind ProLocker ransomware have focused on targeting large enterprise networks with ransomware demands sometimes exceeding $1 million, the security firm Group-IB reports. The gang has recently started to use the Qbot banking Trojan.
The U.S. Cybersecurity and Infrastructure Security Agency is warning of an increase in targeted distributed denial-of-service attacks against financial and government organizations worldwide. And security firms also are tracking the incidents in these and other sectors.
In the three years since Equifax suffered a massive data breach, the consumer credit reporting firm says it has worked tirelessly to overhaul the security shortcomings that allowed the breach to happen. Equifax CISO Jamil Farshchi and other security experts weigh in on important lessons learned.
The New Zealand Stock Exchange resumed trading in the early afternoon on Friday after the impacts of distributed denial-of-service disruptions reverberated into a fourth day. The hobbling of the exchange's trading has demonstrated that DDoS attacks remain an unpredictable threat.