In the latest weekly update, ISMG editors discuss the surging number of MOVEit breach victims and the state of ransomware innovation, why the federal government warned healthcare firms about the use of web trackers, and how the DOJ is expanding its "whole of government" approach to fight ransomware.
Unintended bias in artificial intelligence tops deliberate misuse when it comes to the privacy concerns around use of facial recognition in public areas, with data handled by AI, according to Harry Boje, data protection and privacy officer at Paydek.
U.S. federal market regulators adopted rules Wednesday that require publicly traded companies to disclose most "material cybersecurity incidents" within four business days of determining materiality. The rules were approved on a party line vote after 70 minutes of discussion and debate.
While patient safety risks posed by unpatched security vulnerabilities in legacy medical devices often grab headlines, healthcare entities shouldn't underestimate the serious business risks involving other poorly secured IoT and OT gear used in healthcare settings, said Mohammad Waqas of Armis.
A global law firm is notifying nearly 153,000 individuals of a hacking incident that compromised several client files. The files contained sensitive personal information and affects vision care patients who had been victims of a breach three years ago.
Now that the long-awaited FedNow faster-payment program is operating, experts debate whether U.S. financial institutions will embrace the payment ecosystem and whether the Federal Reserve and the banking industry can overcome implementation challenges and mitigate cybersecurity and fraud issues.
With both excitement and fear swirling around the opportunities and risks offered by emerging AI, seven technology companies - including Microsoft, Amazon, Google and Meta - have promised the White House they would ensure the development of AI products that are safe, secure and trustworthy.
A Florida hospital is notifying 1.2 million patients that their information was stolen by hackers in a cybersecurity incident that spanned for nearly three weeks in May as attackers tried to encrypt the entity's systems with ransomware. The hospital repelled the attack but couldn't stop the breach.
FedNow, the Federal Reserve's first instant payment service, officially launched on Thursday. FedNow so far has 35 banks and credit unions and 16 service providers certified to use the service, including community banks and large lenders such as JPMorgan Chase and Bank of New York Mellon.
The U.S. Federal Trade Commission and the Department of Health and Human Services are jointly warning dozens of hospitals and telehealth providers of potential patient data privacy and cybersecurity violations involving the use of online tracking technologies.
Between July 14 and 20, senators introduced a bill to address DeFi risk, Nasdaq held back crypto custody plans, DeFi hackers laundered lesser amounts of stolen funds in the first half of this year than in H1 2022, and an Australian bank blocked payments to high-risk crypto exchanges.
Brazil's instant payment system, PIX, is second only to India's UPI in number of transactions. As the United States prepares for the launch of FedNow, GFT's Carlos Kazuo Missao shares his experience with PIX and some important lessons U.S. banks can learn from Brazil.
The Biden administration on Tuesday initiated a nationwide cybersecurity certification and labeling program aimed at helping consumers choose smart devices that offer enhanced protection against hacking risks. Products will have a QR code and follow NIST standards.
The Ukrainian Cyber Police dismantled yet another large-scale bot farm spreading Russian propaganda over social media. Cyber police seized nearly 150,000 SIM cards of different mobile operators used in the campaign to create fake social media profiles.
The U.S. government has added two more commercial spyware vendors - Cytrox and Intellexa - to its list of organizations that face restrictions if they attempt to procure American goods or services, owing to the firms' "threatening the privacy and security of individuals and organizations worldwide."
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