Over a five-year span, reported BEC incidents cost global enterprises more than $43 billion in losses. This trend has the attention of the U.S. Secret Service. Agents Kevin Cooke and Abigail Tyrrell discuss why law enforcement partnerships and speed of response are more critical than ever.
Italy's suspension of ChatGPT is part of a "wider campaign in Italy" to regulate the use of AI applications, said attorney Jonathan Armstrong of Cordery Compliance, who added that transparency, usage and the protection of intellectual property are major concerns with the new generative AI tool.
The Biden administration is probing how highly classified military and intelligence documents detailing national security secrets came to be leaked via Discord servers and social media. Experts say the leaked documents appear to be genuine, although some have been crudely doctored.
Further punishment of Moscow-based Kaspersky by the Biden administration could be the final nail in the coffin of the company's deeply wounded North American business. The U.S. Commerce Department is weighing enforcement action against the Russian cybersecurity giant under its online security rules.
The Philippines plans to introduce a national cybersecurity plan later this year. What expectations do security practitioners have, and what changes would they like to see? Joey Fontiveros of the Philippine Army Signal Regiment shares his views on the plan and its impact on cloud security.
The U.S. Securities and Exchange Commission and the state of New York have proposed new cybersecurity regulations. Fred Harris, managing director of Societe Generale, says it's a "watershed moment for the industry" and offers insights as to how financial institutions can manage these changes.
British outsourcing service provider Capita, which has major U.K. healthcare and military contracts, said an online attack disrupted internal access to Microsoft Office 365 applications, leading to service outages for multiple customers. The company hasn't said if ransomware was involved.
A top Pentagon technology official on Wednesday emphasized the U.S. Department of Defense's embrace of zero trust. "We've committed to implementing zero trust across the DOD by 2027, which is an ambitious yet critical milestone," Department of Defense CIO John B. Sherman told a Senate panel.
Lawmakers urged Director Jen Easterly to devise metrics that quantify how effectively the Cybersecurity and Infrastructure Security Agency uses federal money to cut cyber risk. Rep. Dave Joyce wants CISA to more precisely measure the return on taxpayer spending given the agency's rising budget.
Silicon Valley Bank's new owner plans to double down on business with venture capital and private equity firms and the portfolio companies they serve. VC and PE-focused business accounts form the largest segment of the combined $143 billion loan portfolio of First Citizens and Silicon Valley Bank.
Cybersecurity startups that for decades turned to Silicon Valley Bank in a pinch will now find themselves working with a 125-year-old, North Carolina-based institution. First Citizens Bank has bought all Silicon Valley Bank deposits and loans from the FDIC, which rescued the bank after its collapse.
The United States sent its top cyber offensive team to NATO ally Albania to help secure the nation's critical infrastructure networks. The Cyber National Mission Force helped find cyberthreats and vulnerabilities on networks likely targeted last year by Iranian threat actors.
From being in the news about its data being hacked to being hailed as one of the big identity initiatives globally, Aadhaar has indeed come a long way. ISMG caught up with Sumnesh Joshi, deputy director general of UIDAI, to discuss the initiatives the authority has taken to change its perception.
Europe's cybersecurity agency predicts hackers will take advantage of the growing overlap between information and operational technologies in the transport sector and disrupt OT processes in a targeted attack. Ransomware will become a tool wielded for political and financial motivations, says ENISA.
Russia's invasion of Ukraine in 2022 threw Russia's cybercrime ecosystem into a state of upheaval that still exists to this day. "We identified disruptions to literally every single form of commodified cybercrime," said Alexander Leslie, associate threat intelligence analyst at Recorded Future.
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