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New index shows proactive cybersecurity measures outpaced reactive in Q2

Under pressure, large companies’ cybersecurity forces leaned in, and got the results they intended. Amid the extreme challenges cybersecurity teams experienced in the second quarter of 2020, a newly released business-activity index shows that companies with 500 or more employees in North America and Europe emphasized proactive security measures to protect assets and detect breaches…
Cybercrime, Data Breach, Featured, Ransomware, Security News

Stricken electronics firms weigh reward, cost of paying ransom

Garmin reportedly paid cyber extortionists millions of dollars for access to a decryptor so that the company could restore its services to customers following a July 23 WastedLocker ransomware attack. Meanwhile, a separate ransomware outfit this week reportedly leaked sensitive data lifted from LG and Xerox’s internal networks after attempted negotiations with the two tech…
Data Breach, Firewalls, IPsec VPNs, Ransomware, Security News

More attackers trying to sabotage incident response tactics

The security industry needs to become more clandestine in its approach to incident response, making it harder for attackers to know that they are being tracked. At least that’s what researchers concluded in the fifth installment of VMware Carbon Black’s semi-annual Global Incident Response Threat Report, which also focused heavily on the impact of COVID-19…
Pompeo in China
Government, Government/Defense, Privacy & Compliance News and Analysis, Security News

US expands Clean Network to protect COVID-19 vaccine research from China

As concerns mount over China’s efforts to swipe intellectual property from U.S. companies – most recently COVID-19 vaccine research – the State Department has expanded its Clean Network program to protect U.S. critical telecommunications and technology infrastructure. Among the key objectives is to push vaccine research and other sensitive information to secured clouds. The programs…
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Preparing for what’s next: Innovation also brings cybersecurity risk

Today’s CIOs have an unprecedented challenge on their hands. They are spearheading digital transformation efforts, creating revenue-generating applications, enabling remote work and driving seamless customer experiences. This new business environment also created a veritable playground for attackers, making it hard to strike the right balance between innovation and security. Most attacks today follow a similar…
Data Breach, Finance, Government, Privacy & Compliance News and Analysis, Security News

Regulators levy $80 million fine, hammer Capital One for massive breach

Bank regulators dropped the hammer on Capital One, with the Office of the Comptroller of the Currency (OCC) levying an $80 million fine and the Federal Reserve filing a cease and desist order that specified what the steps the bank needed to take to redeem itself after a massive data breach in 2019 that compromised…
Events, Health Care, Network Security, Security News

What security functions should small medical providers outsource?

Strapped for cybersecurity resources, small and medium-size health care providers should outsource electronic medical record (EMR) maintenance, Payment Card Industry (PCI) compliance and threat intelligence gathering to third-party service providers, but risk assessment must still be handled internally, according to Mitchell Parker, CISO at Indiana University Health. Lamenting the recent scourge of ransomware and data…
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