A possibly Russian state hacking group has been deploying a novel backdoor dubbed DownEx against international governmental targets located in Kazakhstan and Afghanistan, reports Bitdefender. At least one victim appears to be an embassy located in Kazakhstan.
OTC Markets Group in recent years has gone from having almost sector-specific cybersecurity regulations to highly robust ones, said CISO Vlad Brodsky. Since 2016, the New York-based financial market has been subject to stringent policies and procedures to ensure OTC's cybersecurity and resiliency.
Members of the U.K. Parliament considering modifications to national privacy law heard assurances Wednesday that the European Union will go along with them. "U.K. GDPR retains all the rights of the European citizens," said John Edwards, U.K. Information Commissioner said Wednesday.
Nickolas Sharp, a one-time employee of Ubiquity who pleaded guilty to insider hacking received Wednesday a six year prison sentence. He admitted guilt on Feb. 2 to three criminal counts including transmitting a program to a protected computer that intentionally caused damage.
A European Parliament committee investigating commercial spyware tools such as Pegasus recommended new regulatory safeguards but dropped a preliminary call for a moratorium. Members condemned "major violations of EU law in Poland and Hungary" for those governments' use of commercial spyware.
Federal officials say a global operation has disrupted Snake, the Russian government's "foremost cyberespionage tool," wielded by its Turla nation-state hacking group. The sophisticated malware has been tied to the theft of secret and classified information from numerous governments and businesses.
The cybersecurity industry is undergoing profound and rapid change, said John Chambers, the visionary former CEO of Cisco Systems who has turned venture capitalist and predicts the market will soon demand an outcome-focused architecture - not products - to underpin next-generation tech.
A U.S. federal appeals court sided with a company that simulates iPhones for security researchers after Apple sued, claiming copyright infringement. The court dismissed a claim that the company had infringed its copyright over iOS and remanded two other claims related to icons and wallpapers.
How much regulation is too much, and how much is too little? Increased cyber regulation, especially in areas of critical infrastructure, is necessary, as outages in the space have the potential to affect many Americans, said Ilona Cohen, chief legal and policy officer at HackerOne.
Historically, U.S. regulators have been slow to set controls on critical infrastructure because of the technical complexity of systems in that sector, but that is changing thanks to the U.S. national cybersecurity strategy, said Glenn Gerstell of the Center for Strategic and International Studies.
What are the challenges facing the U.S. financial sector as it continues its enthusiastic embrace of cloud-based technology? Department of the Treasury Deputy Assistant Secretary Todd Conklin said the agency has been "doing the best we can to secure cloud" as firms increasingly adopt it.
As Bugcrowd helps OpenAI keep pace with the inevitable cybersecurity risks amid the massive popularity of its applications, the bug bounty firm's CEO discusses the unique elements of finding vulnerabilities in OpenAI, its impact and the journey so far.
The use of cloud by financial services firms has risen from 91% to 98%, and multi-cloud for critical operations has risen dramatically, triggering greater risk and regulatory scrutiny, said Troy Leach, chief strategy officer at the Cloud Security Alliance, citing a new survey.
Cloud-based electronic health records vendor NextGen Healthcare is notifying more than 1 million individuals of a data compromise involving stolen credentials. The data breach appears to be at least the second alleged data security incident the company has investigated since January.
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