This week, ISMG editors covered the hot topics at ISMG's London Cybersecurity Summit 2023, including the technical landscape of AI, executive liability, incident response strategies in the face of a global ransomware attack and how to build personal resilience to avoid burnout.
Vice President at Appgate, Mike Lopez, offers his expert analysis on the survey findings and how this year's results were unique to the most current cyber threats.
A researcher advised lawmakers to "keep calm and avoid overhyping China's AI capabilities" since the authoritarian regime struggles to drive widespread adoption of new technology. He urged Congress to embrace an "open system of innovation" around AI even it that results in some IP leaking to China.
Cybersecurity experts urged Congress to avoid a government shutdown on Oct. 1 - the start of the new federal fiscal year - telling a House panel that a lapse would damage efforts to keep the nation secure. Congress has yet to approve funding bills necessary to keep most federal agencies operational.
CrowdStrike will buy an application security firm founded by two Israel Defense Forces veterans to deliver risk visibility and protection across the cloud. The deal will provide visibility into application behavior and vulnerability prioritization for server-based and serverless infrastructure.
An April ransomware attack against one of Australia's largest law firms swept up the data of 65 Australian government agencies, the country's national cybersecurity coordinator said Monday. The Russian-speaking Alphv hacking group claimed responsibility earlier this year for hacking HWL Ebsworth.
Credit reporting agency TransUnion may be the subject of a hacking incident leading to a data breach after a hacker apparently stole information of 58,505 customers across North and South America and Europe. TransUnion has not acknowledged the hack and refused to discuss the matter on the record.
Established provider LexisNexis Risk Solutions remains atop Forrester's digital fraud management rankings, while upstart Sift broke into the leaders category for the first time. Many providers in the space have expanded from payment transactions to account takeover fraud as well as handling scams.
DHS says it will eschew biased artificial intelligence decision-making and facial recognition systems as part of an ongoing federal effort to promote "trustworthy AI." "Artificial intelligence is a powerful tool we must harness effectively," said Secretary of Homeland Security Alejandro Mayorkas.
With only 90 early adopters, Federal Reserve's FedNow program faces the challenge of persuading U.S. banks to sign on to the real-time payments initiative launched in July. Experts say the Fed could learn some lessons from successful efforts in Brazil and India.
Dragos completed a Series D extension to help organizations address enhanced OT security requirements from regulators and cyber insurance providers. The money will allow Dragos to help EU businesses affected by updated cybersecurity directives requiring many smaller organizations to boost security.
In the aftermath of the pandemic and global political unrest, the risks of identity and credential theft have surged, and a deluge of scams are exploiting the crisis. Consumers facing disrupted incomes seek credit solutions, and fraudsters seek to exploit them by using application fraud tactics.
The list of healthcare entities affected by MOVEit file transfer hacks continues to grow. Nuance Communications acknowledged that hackers had stolen data belonging to 14 of its clients, all North Carolina medical providers. Hackers may have obtained diagnostic information including imaging reports.
The Clop ransomware group's zero-day attack on MOVEit software was its fourth data theft campaign targeting secure file transfer users. Organizations can combat such attacks by using data minimization and encryption - among other defenses, says Teresa Walsh, global head of intelligence for FS-ISAC.
A financially motivated criminal syndicate that mainly operates in Telegram and underground forums has expanded its criminal arsenal to deploy ransomware and other intrusion capabilities on various cloud applications, warn Mandiant researchers.
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