President Joe Biden's budget request for fiscal 2024 includes a big proposed boost for the federal office charged with enforcing privacy and security within the healthcare industry. The proposal asks for $78 million in appropriations for the Office of Civil Rights.
Fundraising and customer relationship management software provider Blackbaud has reached a $3 million settlement agreement with the Securities and Exchange Commission over allegations it made "misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers."
An overview of the White House's spending blueprint for the coming federal fiscal year shows big proposed increases for cybersecurity. CISA would receive $145 million more that current amounts. Ukraine would receive hundreds of millions to counter "Russian malign influence" including in cyberspace.
A healthcare revenue cycle management software vendor is facing a proposed class action lawsuit in the aftermath of a December data exfiltration attack affecting nearly 251,000 patients. Ransomware group Royal took credit for the attack, allegedly leaking samples of the stolen data on its leak site.
The economic downturn has laid bare just how much of a disaster special purpose acquisition companies have been for the cyber industry. Despite this, confidential computing security vendor Hub decided to try its luck with a SPAC. So far, Hub's time on the Nasdaq Stock Exchange hasn't gone well.
The British government is proposing modifications to the European privacy law adopted as British law before the U.K. left the EU. Civil society groups warn that changes to the U.K. GDPR could lead to more surveillance. Some tech firms say the government is poised to increase its regulatory burden.
The Department of Health and Human Services and the Health Sector Coordinating Council on Wednesday published an updated toolkit that aims to help healthcare entities align security programs with the National Institute of Standards and Technology's Cybersecurity Framework.
Key to the business success of top ransomware groups remains their ability to find innovative new ways to amass victims. For Hive, which received more than $100 million in ransom payments before being disrupted by law enforcement, the new business strategy that helped it thrive was co-working.
Identity verification and e-signature firm OneSpan is working with investment bank Evercore on a sale process that could attract interest from other businesses and private equity firms, Reuters reported. This follows five publicly traded cyber vendors agreeing to go private since the start of 2022.
Privacy concerns involving the tracking, collection and disclosure of sensitive health data of consumers - without their knowledge or consent - remain top enforcement priorities for federal regulators, as well as top legislative fodder for some members of Congress.
A dozen U.S. senators on Tuesday introduced legislation backed by the White House charging the federal government with initiating a process to systematically block foreign technology from reaching the domestic market when the tech poses a national security threat.
Here's further proof many cybercriminals are rampant self-promoters: Credit card market BidenCash, which sells compromised payment card data, dumped 2 million payment cards for free. This shows that competition between carder markets - and increasingly, Telegram-based vendors - is fierce.
The Biden administration's national cybersecurity strategy emphasizes bolstering critical infrastructure sector protections, including setting minimum security requirements and enhancing collaboration. But observers says the industry needs more resources and a better security posture to comply.
In the latest weekly update, four ISMG editors share highlights of ISMG's upcoming Engage Toronto event and discuss how the U.S. Supreme Court may undercut the identity theft statute and how - despite tough economic times - vendor Wiz boosted its valuation by $4 billion in 16 months.
Cybersecurity will take its place alongside chemical contaminant removal as an element the U.S. Environmental Protection Agency says public water systems must mitigate. "Cyberattacks that are targeting water systems are real and a significant threat," said an EPA official.
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