The Financial Services industry operates in a unique business environment with very particular requirements. Providing critical services that handle large volumes of sensitive and valuable data while meeting strict regulations for security and privacy can present significant challenges.
The U.S. National Security Agency has issued "zero trust" guidance aimed at securing critical networks and sensitive data within key federal agencies. The NSA adds it is also assisting Defense Department customers with the zero trust implementations.
Authorities have accused Serbia-based scammers of capitalizing on the "initial coin offering" bubble that began in 2017, bilking global cryptocurrency investors out of $70 million via Bitcoiin2Gen and other supposed coins and hiring actor Steven Seagal to endorse them.
Penetration testing. Bleeding-edge technology solutions. A huge budget. Are these enterprise cybersecurity essentials … or could you ignore them and still have a comprehensive and effective cyber defense?
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The European Commission reportedly plans to roll out a new policy that paves the way for European Union nations and the U.K. to continue the free flow of personal data in the wake of Brexit.
The Biden administration is reviewing former President Donald Trump's policies addressing potential national security and cybersecurity concerns about Chinese-owned companies as it develops new plans for dealing with a wide range of issues tied to China.
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Did Russia pass a tough new cryptocurrency law to help authorities recruit or compel criminal hackers to assist the government? That's the thesis of a new report, which notes that the new regulation includes a host of provisions designed to unmask cryptocurrency users' transactions - or else.
The U.S. federal government is increasingly using IoT devices across its agencies, which has raised concerns about security. NIST has published draft guidance to help federal agencies navigate safe IoT deployment and use, says Kat Megas, program manager in NIST's Cybersecurity for IoT Program.
Trickbot appears to be making a comeback with a fresh campaign that is targeting insurance companies and legal firms in North America, according to an analysis by Menlo Security. Researchers had warned the malware might surface again after a coordinated takedown of the botnet's infrastructure in 2020.
In Britain, the National Crime Agency and the Financial Conduct Authority warn that the number of "clone firm" scams has significantly increased during the COVID-19 pandemic. Over a six-month period, these fraudulent schemes have led to more than 78 million pounds ($107 million) in losses for victims.
With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels. They're also calling for a review of cyber insurance payouts being used to fund ransoms.
Norway's privacy watchdog has proposed fining location-based dating app Grindr nearly $12 million after finding that it violated Europeans' privacy rights by sharing data with many more third parties than it had disclosed.
A Russian national who served as the administrator for the now-defunct Deer.io online clearinghouse - which sold stolen credentials, hacked servers and criminal services, such as assistance performing hacking activities - has pleaded guilty to a federal charge.
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