Facebook is making substantial investments to improve its data security and privacy practices. But the long-term cost of those investments and impact on the bottom line has spooked investors, leading to a $120 billion loss in market value on Thursday, the largest one-day loss of value for a U.S. traded company.
Facebook has promised to bring machine learning to bear on the problem of hate speech and information warfare via its platform. But insiders have been urging the company to pursue a major cultural change, including prioritizing not doing anything "creepy" over the quest for short-term gain.
Under the EU's General Data Protection Regulation, within 72 hours of an organization learning about the data breach, it must report the breach to relevant authorities or face fines. The U.K.'s data privacy watchdog says it's already seen the volume of self-reported breaches quadruple.
Early experiments are demonstrating how blockchain, the distributed and immutable ledger behind virtual currencies, potentially could play an important role in identity management, says Avivah Litan, a Gartner Research analyst who will be a featured speaker at ISMG's Security Summit Aug. 14-15 in New York.
Randy Trzeciak, director of the CERT Insider Threat Center at CMU, says he's frequently asked: "Haven't we solved the insider threat problem?" Far from it, he responds. In fact, he's helping many organizations start insider threat defense programs. He'll be a speaker at ISMG's New York Security Summit.
"Our risk landscape has changed from protecting the things that we operate to protecting the things that we buy, and that's why third party risk management is the place where people are really focusing," says Joel de la Garza of the venture capital firm Andreessen Horowitz.
Hacker attacks are still dominating the data breaches added to the official federal tally so far this year. But compared to the mega-breaches of past years, this year's biggest hacks have been relatively small. Some security experts offer theories for why that's the case.
Barely one month after the enforcement date of the EU's General Data Protection Regulation, California passed its own landmark new data privacy legislation. Cisco Chief Privacy Officer Michelle Dennedy discusses this new law and what it says about the business value of data privacy.
Better, stronger fraud-detection intelligence - that's the promise of the new 3-D Secure 2.0 protocol for digital merchants, networks and financial institutions. But what should organizations do to prepare? James Jenkins of CA Technologies weighs in.
Since 2015, Sophos has investigated the SamSam ransomware campaign, and it has just released its findings in a new report. What can you learn from SamSam attackers' unique tools, techniques and protocols? Chester Wisniewski of Sophos shares insight.
Spear phishing attacks are in the news again following the Justice Department's indictment of Russian military intelligence officers for alleged attacks against U.S. politicians and county and state election boards. Here's how to play better phishing defense.
Medical testing laboratory firm LabCorp is still working to fully recover systems functionality nearly a week after a cyberattack that the company now claims involved "a new variant" of ransomware. What can other organizations do to avoid becoming the next victim?
This edition of the ISMG Security Report includes an analysis by Executive Editor Matthew J. Schwartz on President Donald Trump's changing views on election meddling, plus an update on voter data being accidently exposed by a robocalling company.