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.
The new Biden administration has pledged to hold Russia accountable for its recent "reckless and adversarial" actions and has ordered a full-scale intelligence review of the SolarWinds hack. The moves signal the importance of cybersecurity to President Biden's national security agenda.
Since the EU's enactment of General Data Privacy Regulation (GDPR) in 2018, the stage has been set for more regulations worldwide, as legislators seek to protect the private data of their constituents. Third-party vendors are cost efficient and help organizations' productivity, but they also present risk. It is...
To prevent data breaches through the supply chain, organizations must thoroughly assess and monitor the security of the third parties with which they do business. A key part of this assessment involves the completion of a thorough security questionnaire; however, this process can be time-consuming, expensive and...
Privacy watchdogs in Europe have imposed fines totaling more than $330 million since the EU's General Data Protection Regulation went into full effect in May 2018, according to law firm DLA Piper. Over the past year, regulators received 121,000 data breach notifications, up 19% from the year before.
The U.S. Justice Department has charged Ardit Ferizi, a Kosovo citizen, with fraud and identity theft, accusing him of continuing to commit cybercrimes while he was behind bars serving a 20-year prison sentence for aiding Islamic terrorist groups.
Terabytes' worth of posts, images and videos from conservative social media site Parler have been forcibly obtained by security researchers who have archived the material for investigators in the wake of the violent riot at the U.S. Capitol.
Information security and privacy professionals responsible for safeguarding personal information have been left in limbo as the U.K. exits the EU. But the transfer of Europeans' data from EU member nations to the U.K. can continue unimpeded for six months until the EU makes a final ruling on the issue.
Adam Turteltaub, chief engagement and strategy officer at the Society of Corporate Compliance and Ethics, says compliance teams should create a dashboard of data that will help keep track of actions taken by staff members who are working remotely.
From contact tracing to data transfer to the new California Privacy Rights Act, 2021 already is shaping up to be a big year for privacy. Trevor Hughes, CEO and president of the International Association of Privacy Professionals, offers a "state of privacy" overview.
This edition of the ISMG Security Report features an analysis of the very latest information about the SolarWinds hack. Also featured are discussions of "zero trust" for the hybrid cloud environment and data privacy regulatory trends.