A surprising improvement in loss ratios for cyber insurance providers in 2021 means the rapid rise in premiums might at last subside later this year. The loss ratio declined for the first time since 2018 despite the frequency and severity of claims filed for cyberattacks increasing again in 2021.
Darrell Bateman, the CISO of City Bank Texas, explains why governance and compliance issues are critical for security leaders in the banking industry and how success can help cement a CISO's relations with the board of directors.
A branch of the U.S. Department of Homeland Security says that it stopped an international hacking group from launching a major cyberattack on an underground cable system's servers. If the attackers had been successful, the incident could have become a national security threat, security experts say.
Obsidian Security has closed a Series C funding round to prevent session hijacking on more platforms and increase the number of SaaS applications being defended. Obsidian wants to go from protecting 25 major SaaS applications today to safeguarding hundreds of SaaS applications in a year or two.
Ronin Network, which powers the popular NFT game Axie Infinity, announced it had been the victim of a security breach that amounted to about $615 million in stolen funds. The company tweeted that the attacker's wallet had been connected to Binance and that an investigation is currently underway.
A lawsuit filed alleges, among other claims, that respiratory care provider SuperCare Health Inc. was negligent in failing to protect sensitive health information from a 2021 hacking incident affecting more than 300,000 patients. Experts say the litigation follows an increasingly familiar trend.
Researchers discovered a new social engineering-heavy malware campaign focused on defrauding employees in West Africa's banking sector. Although this campaign is not exactly new, it shows a detailed account of what social engineering looks like, according to cybersecurity veteran Tari Schreider.
Microsoft says it has seized control of 65 domains that the ZLoader gang has been using to grow, control and communicate with its botnet. ZLoader, a descendant of the ubiquitous Zeus banking malware, is run by a global, internet-based, organized crime gang operating malware as a service.
U.S. government agencies, including the Department of Energy, CISA, the NSA and the FBI issued a joint cybersecurity advisory about advanced persistent threat actors using new tools and malwares to target industrial control systems and supervisory control and data acquisition devices.
Accenture's new ransomware report reveals key challenges in executing an effective communications plan. Robert Boyce, managing director of global cyber response, discusses why existing recovery strategies aren't enough and offers practical steps for managing a ransomware response.
New Cobalt CEO Chris Manton-Jones plans to push upmarket and go after enterprise customers and leverage automation and self-service to accelerate product growth. He replaces founder Jacob Hansen, who had served as CEO since Cobalt's inception in 2013 and will remain with the firm as a board member.
A week after Microsoft announced the Windows Autopatch feature and declared that, come July, the tradition of Patch Tuesday will end, it's Patch Tuesday again, and the company has issued more than 100 security fixes for software that resolve critical issues, including two zero-day vulnerabilities.
Researchers say five critical vulnerabilities in certain mobile hospital robots - if exploited - could allow hackers to interfere with delivery of medication and supplies, elevator operation and patient privacy. Some experts say the situation is a reminder of commonly overlooked IoT device risks.
The 2022 ISACA State of Cybersecurity report reveals trends in the cybersecurity workforce and the threat landscape, including understaffing and retention. "The imbalance between supply and talent is unchanged," says Jon Brandt, director of professional practices and innovation at ISACA.
The Dutch Data Protection Authority has imposed penalties of 3.7 million euros ($4 million) and 565,000 euros ($600,000) on the Dutch Tax and Customs Administration and the Ministry of Foreign Affairs, respectively, for violating the General Data Protection Regulation.
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