Latest

Business Continuity Management / Disaster Recovery

JPMorgan Chase Invests $12 Billion in Security Updates

Devon Warren-Kachelein  •  January 19, 2022

JPMorgan Chase will earmark $12 billion for technological updates - including cloud migration, upgrading legacy architecture, data strategy, and emerging technologies. About half of this budget will go toward security modernization, while the other half will be invested into digital innovation.

Fraud Management & Cybercrime

NSO Group Spyware Reportedly Used by Israeli Police Force

Dan Gunderman  •  January 18, 2022

Spyware from controversial Israeli firm NSO Group was reportedly used by the nation's civilian police force, according to a new report from an Israeli business publication. Its findings allege that the Israel Police conducted warrantless phone taps on Israeli politicians and activists, among others.

Cyberwarfare / Nation-State Attacks

New Chinese Threat Group Deals in Espionage and Theft

Mihir Bagwe  •  January 18, 2022

A new threat group linked to China, dubbed "Earth Lusca" by researchers, is not only running cyberespionage campaigns against governments around the globe, but also seeking financial gain.

Cyberwarfare / Nation-State Attacks

EU's Cyber Rapid Response Team on Standby for Ukraine

Prajeet Nair  •  January 18, 2022

After the defacement of multiple Ukrainian government websites last week and subsequent deployment of destructive malware against Ukraine over the weekend, Lithuanian officials have offered to deploy the EU's Cyber Rapid Response Team to help Ukraine deal with cyberattacks.

3rd Party Risk Management

GAO: SolarWinds, Exchange Hacks Reveal Info-Sharing Gaps

Dan Gunderman  •  January 17, 2022

GAO auditors say in a new report that the federal government's response to both the SolarWinds software supply chain attack and the exploitation of Microsoft Exchange Servers in 2021 sharpened its coordination efforts, but also exposed information-sharing gaps.

Business Continuity Management / Disaster Recovery

Doxbin Leak Includes Criminals' Data, Could Boost Hacking

Soumik Ghosh  •  January 17, 2022

Threat actors who use data-sharing website Doxbin have had passwords, decryptor keys, multifactor authentication codes and stealer log information leaked online, according to some security experts. Doxbin is used by threat actors to dump victims' personally identifiable information.

3rd Party Risk Management

Record Number of Major Health Data Breaches in 2021

Marianne Kolbasuk McGee  •  January 17, 2022

In the midst of a global pandemic, the federal breach tally shows that a record number of major health data breaches were reported in the U.S. in 2021, and the overwhelming majority of them involved hacking/IT incidents. Will those trends continue in 2022?

Application Security

Destructive Malware Discovered Targeting Ukrainian Systems

Mathew J. Schwartz  •  January 17, 2022

The defacement of Ukrainian government websites may have been intended as a smokescreen for a destructive malware attack that failed to execute or has yet to be unleashed, some security experts warn. Ukraine continues to investigate the attack, which it suggests may trace to Russia, Belarus or both.

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Critical Infrastructure Security

A Structured Response to the Log4j Vulnerability

Geetha Nandikotkur  •  January 17, 2022

"We came up with a structured, documented approach to respond to mitigating the Log4j vulnerability using the EDR scanning tools along with a code validation, containerization, and sandboxing of our applications and networks," says Ian Keller, security director at Ericsson.

Blockchain & Cryptocurrency

OCC Chief Calls for Collaboration in Crypto Regulations

Devon Warren-Kachelein  •  January 15, 2022

With 16% of U.S. citizens using a cryptocurrency trading platform, OCC acting Chief Michael Hsu urges collaborative efforts to pass cryptocurrency regulations, which he says could lead to greater innovation in the space.

3rd Party Risk Management

Accellion Agrees to $8.1 Million Breach Settlement

Prajeet Nair  •  January 15, 2022

More than a year after the December 2020 cyberattack on Accellion's File Transfer Appliance, the company has agreed to an $ 8.1 million settlement to resolve a class action against it following the data exposure that resulted in the theft of both consumer and patient data.

Blockchain & Cryptocurrency

North Korean Crypto Theft Totals $400 Million in 2021

Dan Gunderman  •  January 14, 2022

North Korean cybercriminals escalated their illicit campaigns throughout 2021, frequently carrying out crypto hacks to siphon funds, launder gains and cash out using a decentralized exchange. New data from Chainalysis says North Korean hackers lifted nearly $400 million in cryptoassets last year.