Many of the major health data breaches being reported to regulators reflect a variety of poor practices by business associates, including retaining sensitive patient information for much longer than necessary, says Kate Borten, president of The Marblehead Group.
Check fraud, first-party fraud and AI-related fraud will increase on a massive scale in 2023, thanks in large part to growing insider threats and the global economic slowdown. Frank McKenna, chief fraud strategist at Point Predictive, explains how banks can prepare to tackle these types of scams.
As a security leader, you have a lot on your plate. Even as you increase your budget for sophisticated security software, your exposure to cybercrime keeps going up. IT security seems to be a race between effective technology and ever evolving attack strategies from the threat actors. However, there’s an...
The United Nations will commence a hearing for its first-ever global treaty on cybercrime this week to focus on state response to cybercrime and coordinated intelligence sharing. The proposed treaty seeks to legally categorize various cybercrimes and develop a unified international response.
A financially motivated threat actor called Blind Eagle returned from its hiatus and is conducting an ongoing campaign directed at Spanish-speaking targets in the banking industry in Colombia and Ecuador. The hacking group appears to have updated its tools and infection chain.
Potential regulatory policy moves by the federal government could help healthcare entities dedicate more resources to bolstering their cybersecurity efforts, says Greg Garcia, executive director of cybersecurity at the Health Sector Coordinating Council.
In the latest weekly update, ISMG editors discuss how collaboration platform Zoom has strengthened its security features, the implications of a new law on medical device security for patient safety, and details on how a zero-day exploit enabled the ransomware hit on cloud computing firm Rackspace.
Hosting giant Rackspace says the recent ransomware attack resulted in Microsoft Exchange data for 27 customer organizations being accessed by attackers. But it says a digital forensic investigation has found "no evidence" that attackers "viewed, obtained, misused or disseminated emails or data."
Expect the recently leaked database containing over 200 million Twitter records to be an ongoing resource for hackers, fraudsters and other criminals operating online, experts warn. Though 98% of the email addresses have appeared in prior breaches, bad actors can merge databases and do more damage.
Seattle police have charged an online retailer's "shopping experience" software programmer with engineering a fraud scheme based on the movie "Office Space," in which malicious software was used to transfer a fraction of every transaction into an outside account.
Cybercriminals are becoming bolder in their attacks on healthcare entities and in how they're compromising patient data - and that's a very worrisome trend, says Nicholas Heesters of the Department of Health and Human Services' Office for Civil Rights.
Coinbase agreed to a $100 million settlement with the New York financial regulator on Wednesday over cybersecurity lapses and failure to comply with anti-money laundering guidelines that allowed criminals to use the platform for fraud, money laundering and other illicit activities.
A class action lawsuit against LastPass alleges that a data breach in August resulted in the theft of $53,000 in bitcoin. An unnamed plaintiff alleges that negligence in the password management company's data security practices led to the Thanksgiving weekend theft.
Authorized payment scams are on the rise, and banking regulators are putting pressure on financial institutions to do more to protect customers. The biggest challenge is that the customers are driving the process, says Bradley Haacke, vice president and financial crimes director at Fifth Third Bank.
A member of a criminal data breach forum that tried to sell the email addresses of 400 million Twitter users to CEO Elon Musk last month has now posted the stolen data for anyone to download for free. The 63GB of data includes names, handles, creation dates, follower counts and email addresses.
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