The fallout from the SEC's charges of fraud and internal control failures against SolarWinds and its CISO has implications for the industry. Cordery Compliance attorney Jonathan Armstrong advises security leaders to "take heed and remember that the actions of today can determine your fate tomorrow."
Federal regulators accused SolarWinds and CISO Tim Brown of fraud and internal control failures for misleading investors about the company's cybersecurity practices and risks. The SEC said SolarWinds and Brown disclosed only generic and hypothetical risks even though they knew about specific issues.
Costco warehouse customers often get free samples of cheese and beef jerky. But members who fill their prescriptions online at Costco pharmacies allegedly get their sensitive information unlawfully scraped and transmitted to third parties, claim two proposed federal class action lawsuits.
U.S. President Joe Biden is invoking a Cold War-era law in an executive order directing developers of advanced AI models to notify the government and share safety tests. The order is "the strongest set of actions any government in the world has ever taken on AI safety," a White House official said.
Genetics testing firm 23andme is facing intensifying scrutiny in the wake of a credential-stuffing hack that leaked genetic ancestry information of potentially millions of customers. That includes at least 16 proposed federal class action lawsuits and an inquiry by a high-ranking U.S. senator.
In the latest weekly update, editors at Information Security Media Group discuss the impact of the Israel-Hamas war on the threat landscape and the workforce, the role of the U.S. in shaping the future of AI technology, and highlights from ISMG's Financial Services Summit in New York.
Attorneys general across 33 states have reached settlements for three health data breaches that affected nearly 2 million people, including a $1.4 million settlement for a clearinghouse that left patient data exposed for three years. The AGs accused the firms of violating state laws and HIPAA rules.
U.S. government agencies and the private sector embraced information sharing but lack a coordinated response plan in the event of a massive cyberattack, a House Republican said. Public-private partnerships are essential since 80% of critical infrastructure in the U.S. is owned by the private sector.
The U.S. needs to pass federal legislation to establish a national framework of standards and a rules of the road for AI, but first passing federal data privacy legislation is an essential foundational part of that, some witnesses told members of Congress.
IBM says the personal information of 631,000 people was compromised by a "technical method" that allowed unauthorized access to a third-party database used by a Johnson & Johnson patient medication support platform. IBM said the problem has been fixed, but two lawsuits have already been filed.
The number of people affected by a Tennessee cardiac care clinic hack has more than doubled to 411,000 since the healthcare group first reported the incident to regulators in July. Cybercriminal group Karakurt claimed responsibility for the attack, which has so far triggered five class action suits.
As organizations grapple with an increasingly complex digital landscape, CISOs and CIOs are faced with heightened executive liability. With the high-profile cases of CIO Carlos Abarca and CSO Joe Sullivan serving as stark examples, the message is clear - executives cannot afford to be complacent.
Fundraising software powerhouse Blackbaud will pay $49.5 million to settle a multistate investigation into the company's data security practices and its response to a 2020 ransomware attack. The firm must also enhance its security and not misrepresent its data security practices.
More than four dozen cybersecurity mavens say a proposed European Union mandate for software publishers to inform the trading bloc's cybersecurity agency of zero-day exploits within 24 hours of their discovery risks harming cybersecurity efforts.
The head of a key European Parliament committee said he's concerned about media reports suggesting that a proposal mandating that instant messenger apps scan for CSAM was crafted under the influence of an American tech foundation and a nonprofit with ties the British and U.S. government.
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