Is SWIFT now playing good cop/bad cop? While it initially promised to not police the financial services industry, it's now considering training auditors and suspending banks found to have poor information security practices.
HIPAA has long provided patients with the right to access their own "designated record set" of protected health information. But federal regulators are on a campaign to help patients and healthcare organizations understand records access rights, as well as the related privacy risks.
Russian police have arrested 50 people in connection with an investigation into a hacker group suspected of unleashing a five-year series of malware-enabled hack attacks on major Russian financial institutions and stealing $25 million.
Since the theft of $81 million from the central bank of Bangladesh came to light in February, investigators have continued to probe similar SWIFT-related attacks against four other financial services firms, dating back to at least 2013.
MySpace has confirmed it is resetting millions of accounts affected by the release of 360 million usernames, email addresses and passwords. According to one expert, more of these types of big breach announcements may be coming.
A Bangladesh probe says that an insider may have assisted attackers in perpetrating the $81 million cyber heist against Bangladesh Bank. SWIFT has unveiled new security measures to help other banks, but security experts say more will be needed.
ISMG editors, in a special report, examine the status of data breach notification laws in a number of regions, including the European Union, which this past week implemented the General Data Protection Regulation, although enforcement won't take place for two years.
In the wake of reports that 65 million stolen credentials from micro-blogging platform Tumblr have surfaced online, following 117 million LinkedIn credentials, it's clear that 2016 is fast becoming the year of what one security expert dubs "historical mega breaches."
The U.S. Congress delves into the issue of whether CISOs should report to CIOs, a topic that leads the Friday, May 27, 2016, edition of the ISMG Security Report, an on-demand audio report offered every Tuesday and Friday.
Stu Sjouwerman, CEO of KnowBe4, has seen first-hand the devastating impact of ransomware on healthcare entities. And he knows traditional defenses aren't enough to ward off attackers. What's needed is a whole new approach to user education.
Hackers reportedly stole $250,000 from Bangladesh's Sonali Bank in 2013, in what's now the fourth case involving malware attacks and injecting fraudulent money-transfer requests into the SWIFT interbank messaging network.
The business of executive email hacking is booming, with hundreds of millions of dollars lost in fraudulent wire transfers. But businesses can improve their processes to avoid inadvertently transferring funds to fraudsters, according to one expert.
E-commerce retailers face an ongoing battle: Their websites are constantly hit by bots using stolen credentials to try to take over accounts. What can companies do to protect themselves? Akamai's Michael Smith offers advice.