In our previous article, we discussed the concept of risk management–what it is and why it’s important. However, risk management in cybersecurity isn’t new, and many organizations are working towards normalizing risk as an approach for comprehensive cybersecurity and compliance efforts. While this move is a good one, we also find that many organizations will… Read More
Last year, the FBI reported that incidents of business email compromise (BEC), also known as spear phishing, CEO fraud, and invoice fraud, had been reported in all 50 states and 150 countries, with global losses exceeding $12 billion. BEC scams are continuing to explode in popularity among cyber criminals, with attacks increasing by 476% between… Read More
Anthem – yes, that Anthem – has been hacked again. About a month after the beleaguered health insurer agreed to fork over a record-setting $115 million to settle a class action lawsuit related to its massive 2015 breach, it was breached again, or rather, one of its third-party vendors was. The 2017 Anthem breach involved… Read More
Cryptocurrency mining malware may end up being a bigger problem than WannaCry Organizations that think they dodged a bullet when their older systems did not fall prey to the WannaCry ransomware may want to think again. Weeks prior to the WannaCry attacks, a group of hackers was taking advantage of the same Windows vulnerabilities that… Read More
Cyber Insurance Coverage: a Brave, Uncertain New World for Insurers and Policyholders Despite the escalating intensity and frequency of cyber attacks, fewer than 1/3 of U.S. businesses have purchased cyber insurance policies. A recent report by Deloitte provides insight into why organizations are deciding to go without cyber coverage, as well as why many insurers… Read More
As compliance costs skyrocket, standards grow increasingly complex, and the cyber threat environment evolves, organizations are turning to RegTech solutions to automate their compliance processes and improve their overall cybersecurity posture. Compliance with regulatory and industry standards, such as HIPAA, PCI DSS, FedRAMP, and SSAE 16 SOC reporting, are a burdensome yet necessary part of… Read More
Hackers Hold Hollywood Healthcare Hostage Hollywood Presbyterian Medical Center paid a $17,000 ransom in bitcoin to hackers who seized control of the hospital’s computer systems holding them a healthcare hostage. The cyber assault on Hollywood Presbyterian occurred Feb. 5, 2016, when hackers using malware infected the institution’s computers, preventing hospital staff from being able to… Read More