Yahoo, now known as Altaba, has agreed to a $35 million civil fine with the U.S. Securities and Exchange Commission to settle accusations that the search giant failed to promptly notify investors about a December 2014 data breach.
Large healthcare companies in the U.S., Europe and Asia are getting hit with a backdoor that comes from a long-observed group, which Symantec calls Orangeworm. The backdoor has been found on X-ray machines and MRIs.
The city of Atlanta's ransomware outbreak cleanup and response tab has hit $2.6 million after a March attack froze corporate servers, employees' PCs and resident-facing portals. Some security experts say the breach response funds would have been put to better use preventing the outbreak in the first place.
Corporate espionage appears to be the motive behind cyberattacks targeting a variety of medical-related equipment and systems, researcher Jon DiMaggio of Symantec says in an in-depth interview about the activities of a hacker group the company has dubbed "Orangeworm."
Great news: "SunTrust to offer free identity protection ... at no cost on an ongoing basis." Of course, nothing comes for free, at least for 1.5 million customers of the Atlanta bank, whose personal details may have been sold to criminals by a former employee.
Organizations too often prioritize data breach prevention at the expense of data breach response - or vice versa, depending on current fashion - when an emphasis on both remains mandatory, warns Art Coviello, the retired chairman of RSA.
Thirty-four companies have signed on to the Microsoft-led Cybersecurity Tech Accord, which is aimed at protecting civilians from cybercriminal and state-sponsored attacks. The agreement crucially includes a pledge not to help governments with cyberattacks
Department of Homeland Security Secretary Kirstjen M. Nielsen warns that the U.S. will more aggressively move to punish those who conduct cyberattacks. Plus, the department plans to soon unveil a new cybersecurity strategy. Complacency, she says, "is being replaced by consequences."
Uber has agreed to stricter monitoring by the U.S. Federal Trade Commission following its concealment of a 2016 data breach while it was negotiating with the agency for a settlement tied to a separate, yet similar, breach two years prior.
Verizon's latest Data Breach Investigations Report shows that half of data breaches in 2017 worldwide were orchestrated by organized cybercriminal groups, says Verizon's Ashish Thapar, who offers an in-depth analysis of the findings.
Art Coviello, ex-CEO of RSA, is concerned about fraud trends and social media vulnerabilities. But he also is bullish on the opportunity for artificial intelligence and DevOps security to stop attacks before they cause harm.