In the latest weekly update, four ISMG editors discuss the state of cyber insurance today and why its future is uncertain; applying a security-by-design reliability model to analyze vulnerabilities; and how Russia takes down members of the REvil ransomware group as cyber aggressions in Ukraine rise.
Although flaws in Apache Log4j software that need remediating remain widespread in organizations, "some of them are aware of the issue, some of them aren't aware of the issue, and likely this issue is going to be persisting with us for many, many years," says Jeff Macko, an offensive security expert at Kroll.
When it comes to cyber intrusions launched by one nation-state against another, where's the red line? While blame has yet to be cast for a wiper malware attack against Ukrainian government systems, researchers say the infections tie to network intrusions that began last summer.
Singaporean cryptocurrency exchange Crypto.com confirms that its platform fell victim to a multimillion-dollar cyberattack. In a postmortem entry on its site, Crypto.com says unauthorized withdrawals targeted Ethereum and Bitcoin of 483 users. Associated losses were near $34 million.
Michael Lines is working with ISMG to promote awareness of the need for cyber risk management. As a part of that initiative, CyberEdBoard posts draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This chapter is "Recognize the Threats."
The U.K. government is considering new measures to boost cybersecurity standards in the country. The proposed laws recommend levying large fines on essential digital service providers for noncompliance with strict cybersecurity rules, and improving incident reporting.
More information continues to emerge about the destructive malware attack that targeted Ukrainian government systems last week. As a probe continues, numerous questions about the incident remain unanswered. But the three-stage wiper attack, disguised as ransomware, apparently hit few systems.
When Marcel Lehner was hired to be the CISO of MM Group in Vienna, his mandate was clear: to better embed information security management and governance throughout the manufacturer's organization. To do that, he ran a "hearts and minds" campaign to communicate his vision and strategy and boost uptake.
Data on more than 515,000 "highly vulnerable people" has been compromised as the result of a supply chain cyberattack, the International Committee of the Red Cross has disclosed. The organization's humanitarian activities are already being impacted.
U.S. President Joe Biden today signed a National Security Memorandum that aims to improve the cybersecurity of national security systems. The memo gives new powers to the NSA to oversee cybersecurity improvements such as the use of the multifactor authentication, encryption and endpoint detection services.
In a span of just days, two prominent congressmen who have long advanced cybersecurity at the federal level announced that they will not be seeking reelection in 2022. Reps. Jim Langevin, D-R.I., and John Katko, R-N.Y., will, however, pursue a cyber agenda throughout the remainder of their terms.
Attackers have been actively targeting Log4j vulnerabilities, or Log4Shell, vulnerabilities in the servers of virtualization solution VMware Horizon to establish persistent access via web shells, according to an alert by the U.K. National Health Service.
OpenSubtitles, a website providing free movie subtitles, confirmed to its users today that it had been hacked last August and the hacker had demanded a ransom to remain silent about the attack and to delete the leaked data. This data breach affected 6,783,158 users.
JPMorgan Chase will earmark $12 billion for technological updates - including cloud migration, upgrading legacy architecture, data strategy, and emerging technologies. About half of this budget will go toward security modernization, while the other half will be invested into digital innovation.
Ransomware group ShinyHunters has published 700 GB of data stolen from Indian firm Aditya Birla Fashion and Retail on a dark web forum, says Troy Hunt of Have I Been Pwned. A source at the retailer, however, says that its threat intrusion and detection solutions have not shown signs of an attack.
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