As ransomware continues to disrupt British organizations, the U.K. for the first time has sanctioned alleged cybercriminals, including accused Conti and TrickBot operators. Ransomware victims must conduct due diligence before paying any ransom, as violating sanctions carries severe penalties.
Bad news for ransomware groups: Experts find it's getting tougher to earn a crypto-locking payday at the expense of others. The bad guys can blame a move by law enforcement to better support victims, and more organizations having robust defenses in place, which makes them tougher to take down.
While the cybercrime story for 2022 has yet to be fully written, cryptocurrency theft will no doubt have a starring role. Buoyed by the collective pilfering of billions of dollars' worth of cryptocurrency this year, what's to stop attackers from doubling down in 2023?
Creativity and innovation give businesses a competitive edge. Some companies keep innovations as secrets, and because the secrets are of great value to those companies, they take steps to ensure the information is protected. A trade secret is a type of intellectual property, and it's often the key to competitive...
The stark consequences of ransomware became painfully clear in Australia this week as attackers began releasing data from health insurer Medibank, one of the country's largest health insurers. Also, leaked chat logs reveal how the attackers accessed Medibank's systems.
Cybereason has abandoned its IPO plans altogether and hired JPMorgan Chase to find a buyer, The Information reported Friday. Why is Cybereason no longer poised to make it to the IPO Promised Land? An unfavorable competitive environment and a muddled go-to-market strategy provide some clues.
Australia's data breach debacle expanded on Thursday. Cyber extortionists who attacked Australian health insurer Medibank provided proof of their hack of medical data. Also, stolen data from Australian wine retailer Vinomofo was put up for sale on a Russian-language forum.
The costs of hacks are rising, the amount of ransomware is rising, and the number of organizations that have been breached will also rise unless organizations take action.
Here's unwelcome ransomware news: When a ransomware victim chooses to pay a ransom, the average amount has increased to $228,125, reports ransomware incident response firm Coveware. On the upside, however, big-name ransomware groups are having a tougher time attracting affiliates.
As this technology is automated, it can also scan more accesses because a new rule doesn’t need to be created for each access. You can jump from a 1% audit rate to a 99% audit rate.
Michael Lines is working with ISMG to promote awareness of the need for cyber risk management, and the CyberEdBoard is posting draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This chapter - the last in the series - is titled "Building an Effective Defense."
CyberEdBoard executive member Archie Jackson says security needs to be embedded by design at the inception of a project. He discusses how SASE is networking plus security plus identity and outlines how Network as a Service and Network Security as a Service combine to create SASE.
Security orchestration, or SOAR - Security Orchestration, Automation and Response, as it is known to some - is still an area in development, so there are misconceptions about its scope of use and effectiveness for a SOC team. Claudio Benavente discusses the top five security orchestration myths.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.co.uk, you agree to our use of cookies.