U.S. authorities have charged a cardiologist based in Venezuela with developing and selling multiple strains of ransomware, including Jigsaw and Thanos, as well as recruiting affiliates to use the crypto-locking malware against victims in return for a cut of any ransoms paid.
In the latest "Proof of Concept," Lisa Sotto, Jeremy Grant and ISMG editors discuss the significance of Apple, Google and Microsoft supporting the FIDO protocol's passwordless sign-in standard, progress made on Biden's cybersecurity executive order and updates on U.S. cybersecurity and privacy laws.
The European Parliament and the Council of the European Union on Friday reached a provisional agreement to set a "baseline for cybersecurity risk management measures and reporting obligations." Called NIS2, it is a modernized framework based on the EU Network and Information Security Directive.
The United Kingdom has announced two proposed pieces of legislation - the Financial Services and Markets Bill and the Economic Crime and Corporate Transparency Bill - to regulate the digital assets industry and curb the use of virtual currency in illicit activity.
CERT-In has mandated that starting June 28, both government and private organizations in the country must inform the agency within six hours of discovering a cybersecurity incident. What do CISOs feel about this, and how are they planning to approach this new requirement?
The European Parliament has granted Europol permission to receive and process datasets from private parties and pursue research projects for better handling of security-related cases. Use of these powers will be overseen by the European Data Protection Supervisor and the Fundamental Rights Officer.
The U.S. National Institute of Standards and Technology has revised its guidance for organizations to counter supply chain risks. The new document addresses how to identify, assess and respond to cybersecurity risks throughout the supply chain at all levels of an organization.
U.S. President Joe Biden on Thursday signed into the law the Better Cybercrime Metrics Act, which aims to improve data collection on cybercrimes. The law requires the DOJ and the FBI to compile detailed statistics about cybercrime and develop a taxonomy to help contextualize and sort this data.
Connecticut has just become the fifth U.S. state to get a comprehensive data privacy and online monitoring law, as Senate Bill No. 6 passed into law on Wednesday. The law will go into effect on July 1, 2023, which means that organizations in the state have just 14 months to prepare for compliance.
A federal jury has ordered NortonLifeLock to pay Columbia University $185.1 million after finding the company infringed on two patents. Jurors decided Monday that NortonLifeLock's use of emulators to monitor programs for malicious behavior intentionally infringes upon Columbia's patents.
New cyber incident reporting rules are set to come into effect in the U.S. on May 1. Banks in the country will be required to notify regulators within 36 hours after an organization suffers a qualifying "computer-security incident." What does this mean for banks, and what are the likely challenges?
The U.S. government on Tuesday announced a reward of up to $10 million for information pertaining to six alleged Russian military hackers tied to the 2017 NotPetya destructive malware campaign. The malware spread globally, causing commercial damage of up to $10 billion.
While major hacking incidents regularly grab headlines, insider threats - including malicious individuals, careless workers and third-party contractors - continue to pose significant and sometimes underestimated risk to healthcare sector entities, federal authorities warn.
The Food and Drug Administration's decision to incorporate "quality systems regulations" into its new draft guidance for premarket medical device cybersecurity is an important development in the scope of the agency's expectations for manufacturers, says Dr. Suzanne Schwartz of the FDA.
The latest edition of the ISMG Security Report analyzes how the U.S. government is offering a reward of up to $5 million for information to help it disrupt the illicit flow of funds to North Korea. The report also examines approaches to enhance banks' cyber defenses and U.S. regulatory trends.