CyberEdBoard Insights: Christopher Frenz

Marianne Kolbasuk McGee • September 17, 2024

The healthcare sector is plagued by increasingly complex cyberthreats, and simply meeting compliance standards is not doing enough to protect sensitive healthcare data, according to Christopher Frenz, assistant vice president of IT security at Mount Sinai South Nassau.

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Cybersecurity Spending

Can CISA’s Federal Cybersecurity Alignment Plan Really Work?

Chris Riotta • September 17, 2024

The U.S. Cybersecurity and Infrastructure Security Agency has released a new plan to further align federal cybersecurity operations that experts say will likely face significant implementation roadblocks due to a lack of funding, leadership buy-in and technical resources.

AI-Based Attacks

BlackCloak Raises $17M to Boost Cybersecurity for Executives

Michael Novinson • September 17, 2024

BlackCloak’s $17 million Series B funding round will help the company triple its engineering and product teams, enhancing cybersecurity for executives and high-net-worth individuals. The funding will help BlackCloak address emerging issues such as deepfakes and threat intelligence and modeling.

Healthcare

Juggling Cyber Challenges, Evolving Threats in Healthcare

Marianne Kolbasuk McGee • September 17, 2024

While cyberthreats facing healthcare continue to evolve, security leaders must juggle a variety of cyber and related tech challenges, said Shawn Parker and Quincy Raybon, IT leaders at two elder medical care providers, and Ram Vaidyanathan of security firm ManageEngine.

Governance & Risk Management

Breach-Weary Snowflake Moves to MFA, 14-Character Passwords

Akshaya Asokan • September 16, 2024

Data warehousing platform Snowflake rolled out default MFA - as well as a 14-character password minimum - to shore up security in the wake of a series of cyberattacks in June that hit high-profile customers including Santander Bank, Advance Auto Parts, LA Unified School District and Neiman Marcus.

Cyberwarfare / Nation-State Attacks

China Using Powerful Hacking Firms to Run Its Espionage War

Jayant Chakravarti • September 16, 2024

China's cyberespionage campaigns, viewed as an extension of the communist regime's wider geopolitical moves, rely on civilian hackers from domestic security firms for much of their success. Researchers say these groups face off in intense rivalries for lucrative government contracts.

Cyberwarfare / Nation-State Attacks

More US Sanctions Against Predator Spyware Maker Intellexa

Akshaya Asokan • September 16, 2024

The U.S. Department of the Treasury ramped up pressure on makers and sellers of Predator commercial spyware through sanctions on five individuals and a Caribbean company accused of enabling tens of millions of dollars of surveillance malware transactions.

Fraud Management & Cybercrime

Clinical Considerations When Recovering From Ransomware

Marianne Kolbasuk McGee • September 16, 2024

Preparing healthcare organizations to respond to and rebound from a disruptive ransomware attack is akin to implementing a "12-step program," said Dr. Eric Liederman, CEO of consultancy CyberSolutionsMD and recently retired long-serving director of medical informatics at Kaiser Permanente.

Identity & Access Management

Why Thoma Bravo Is Considering Taking SailPoint Public Again

Michael Novinson • September 16, 2024

Thoma Bravo has begun interviewing underwriters as it explores an initial public offering for SailPoint, Bloomberg reported last week. The private equity firm hasn't finalized details, including the timing of a potential listing for the identity governance and administration vendor.

Artificial Intelligence & Machine Learning

Strider Secures $55M to Fuel AI Growth and Global Expansion

Michael Novinson • September 13, 2024

Strider Technologies has raised $55 million in a Series C funding round to strengthen its AI capabilities and fuel global expansion efforts. The money will enhance the company’s AI-driven insights, support business with government agencies, and fuel international expansion in Europe and Asia.

Cyberwarfare / Nation-State Attacks

US Sanctions Russian Media for Secretly Funding Ukraine War

Chris Riotta • September 13, 2024

The U.S. Department of State announced additional sanctions Friday against the Kremlin news outlet RT after officials received new information from employees of the organization that revealed how it has become a key component in the Russian military machine.

Fraud Management & Cybercrime

Should UK Cut Fraud Reimbursement Cap for Smaller Banks?

Suparna Goswami • September 13, 2024

The U.K. Payment Systems Regulator wants to reduce the reimbursement cap on authorized push payment fraud to ease the burden on smaller banks. That's unacceptable and would undermine the financial system's integrity, said Jonathan Frost, board member at the Stop Scams Alliance.

Business Continuity Management / Disaster Recovery

ISMG Editors: Will Microsoft Rethink Windows Security?

Anna Delaney • September 13, 2024

In the latest weekly update, ISMG editors discussed the fallout from the CrowdStrike global IT outage on endpoint security tools, Mastercard's monumental acquisition of Recorded Future to bolster its cybersecurity portfolio, and the latest efforts by U.S. officials to secure the 2024 election.