Ransomware actors are using the thing that verifies crypto transactions - mining - to their advantage. More criminals are laundering their ill-gotten gains by re-minting the digital money through mining to sanitize funds and bypass controls imposed by more highly regulated financial institutions.
In the latest weekly update, ISMG editors discuss how cyber risk is becoming more closely tied to the economic health of nations, why a rural U.S. healthcare provider is closing due in part to ransomware attack woes, and why some cybersecurity companies have laid off staff this month.
A commercial real estate company that operates more than a dozen addiction recovery centers and other medical facilities in several states is notifying 319,500 employees and patients of a recent ransomware incident that compromised their personal and health information.
Federal regulators have hit Washington state-based Yakima Valley Memorial Hospital with a $240,000 HIPAA fine and correction action plan following a 2018 breach involving 23 hospital security guards who snooped into the electronic medical records of 419 patients.
European lawmakers on Wednesday voted overwhelmingly in favor of restrictions for the artificial intelligence industry, approving a regulatory package obliging generative AI model makers to mitigate societal risks and banning a slew of applications, such as biometric recognition in public places.
Swedish privacy regulators ordered Spotify to pay 5 million euros after finding the music streaming service not forthcoming enough with how it uses consumer data. Spotify in an emailed statement said the investigation revealed that "only minor areas of our process" were at odds with the GDPR.
U.K. banks will soon have to reimburse customers who fall prey to authorized push payment scams. The U.K.'s Payment Systems Regulator recently released a policy that would split the reimbursement cost between sending and receiving banks and incentivize the industry to invest in fraud prevention.
Ransomware hackers are stretching the concept of code reuse to the limit as they confront the specter of diminishing returns for extortionate malware. In their haste to make money, some new players are picking over the discarded remnants of previous ransomware groups.
A former employee of an Arizona hospital has been sentenced to federal prison and ordered to pay restitution to victims after pleading guilty to criminal HIPAA violations and his participation in an identity theft scam that compromised the data of nearly 500 patients.
The Biden administration stepped up regulatory enforcement against cryptocurrency trading platforms in consecutive lawsuits targeting Binance and Coinbase for alleged violations of securities laws. "We already have digital currency. It's called the U.S. dollar," said U.S. SEC Chairman Gary Gensler.
At the EU cybersecurity agency ENISA's recent conference on the cybersecurity upsides and downsides of AI chatbots, presenters urged "preparedness," recommending that cybersecurity professionals track the "warp speed" evolution of chatbots to target emerging risks as well as opportunities.
In this post of his blog "A CISO's View," security director Ian Keller discusses the importance of having mechanisms in place to report potential personal compromise or potential compromise of another person in your company and provides simple steps for making security everyone's responsibility.
The Federal Trade Commission has filed an amended complaint against Kochava, as allowed by a federal judge who last month dismissed the agency's first shot at a lawsuit seeking to permanently stop the data analytics firm from selling geolocation data collected from mobile devices.
Federal regulators have once again smacked a healthcare provider with a HIPAA settlement involving patient protected health information that was disclosed in response to a negative online review. Manasa Health Center will pay $30,000 and implement a corrective action plan, HHS said.
The Iowa Department of Health and Human Services has reported to federal regulators its third major health data breach involving a vendor since April. This time, Iowa HHS/Medicaid says the data of nearly 234,000 individuals was compromised in a mega hack recently reported by MCNA Insurance Co.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing inforisktoday.co.uk, you agree to our use of cookies.
