Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
Two large healthcare organizations - Memorial Health System in Ohio and University Medical Center of Southern Nevada - continue to mop up after recent cyberattacks apparently involving ransomware. The Ohio organization admits negotiating "a settlement" with attackers to obtain a decryptor.
The U.S. State Department reportedly recently sustained a cyber incident that prompted a notice to the Defense Department's Cyber Command. The report of the incident follows a congressional report that gave the State Department a "D" grade for its cybersecurity defenses.
Australia's data regulator says organizations hit by ransomware may be underreporting data breaches because they haven't thoroughly figured out if data was taken. But an "absence of evidence" of a data breach in a ransomware attack isn't sufficient to declare that no data was taken.
T-Mobile USA says its massive data breach is worse than it first reported: The count of prepaid and postpaid customers whose information was stolen has risen to 14 million. Also revised upward: its count of 40 million exposed credit applications from former customers and prospects.
The latest edition of the ISMG Security Report features an analysis of the cybercrime-as-a-service model and how law enforcement could potentially disrupt it. Also featured: T-Mobile probes a massive data breach; tackling abuse in the workplace.
Several ransomware incidents have been added to the federal tally of major health data breaches in recent weeks, with no signs of these attacks abating.
Following a breach of some of its servers in January 2020, the U.S. Census Bureau failed to follow standard cybersecurity practices, including properly maintaining logs of the incident to assist in an investigation, according to an inspector general's report made public this week.
A hacking incident reportedly involving a Massachusetts-based vendor that provides HVAC systems to customers including several high-profile Boston-area hospitals shines another spotlight on the growing cybersecurity risks involving IoT devices and OT equipment.
T-Mobile USA has confirmed that its systems were breached and that details for 7.8 million current T-Mobile postpaid customers and 850,000 prepaid customers as well as records for 40 million individuals who applied for credit were stolen.
Memorial Health System in Ohio is the latest healthcare entity to be hit with an apparent ransomware incident that is disrupting patient care services.
When is a data exposure not just a data exposure? According to a U.S. Securities and Exchange Commission order, education publishing giant Pearson misled investors when it failed to proactively inform them that attackers had stolen millions of rows of student information, including poorly hashed passwords.
The ransomware attack that targeted Colonial Pipeline Co. in May compromised the personal information of more than 5,800 individuals, mainly current and former employees, according to a breach notification letter.
What are the latest cybersecurity issues? Join four Information Security Media Group editors as they describe the top issues of the week, including the risk of cyberattacks provoking a kinetic response, as well as top healthcare CISOs' tips for handling supply chain security, resiliency and ransomware.
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