Information Security
Cyber Monks opens cyber security shopping mall in partnership with Mastercar
Source: Cyber Monks
Cyber Monks, a well-established managed security services distributor, has joined forces with Mastercard to launch the first cyber marketplace aiming to simplify the acquisition of cybersecurity solutions, ensuring that they are tailored to address the unique challenges faced by small and medium-sized enterprises.
New ISACA Research: 59 Percent of Cybersecurity Teams are Understaffed
Source: ISACA
Schaumburg, IL, USA—New cybersecurity data hones in on where cybersecurity pros come up short, with soft skills, cloud computing, and security controls emerging as the biggest skills gaps in today’s cybersecurity professionals, according to ISACA’s annual research report, State of Cybersecurity 2023, Global Update on Workforce Efforts, Resources and Cyberoperations.
Money.co.uk reveals Brits lost £593 million through fraud in Q2 2023
Source: Money.co.uk
New figures released in the updated 2023 Fraud Report from the credit card experts at money.co.uk, which analyses police figures to reveal where in the UK has seen the biggest rise in fraud and cyber crime, show that reports of fraudulent attacks have increased yet again.
US DOS Offers $10M Reward for Clop Ransomware Group's Foreign Government Link
The US Department of State has announced a reward of $10 million for information that connects individuals affiliated with a group associated with Clop ransomware to a foreign government. The department shared this news through its Rewards for Justice initiative, which was established in 1984 to enhance national security by encouraging the reporting of details related to terrorism, cyber threats, North Korean activities, and election interference.
Singapore Banks Bolster Cybersecurity Measures Amid Rising Threats
The Association of Banks in Singapore (ABS) has recently revealed that major retail banks in Singapore have bolstered their security protocols to address the growing complexity of cyber threats.
SEC adopts rules on cybersecurity risk management and incident disclosure
Source: Securities and Exchange Commission
The Securities and Exchange Commission today adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance.
CommonSpirit Hospital Chain Faces $160 Million Financial Toll from Ransomware Attack
Hospital chain CommonSpirit has revised its assessment of the financial impact caused by a ransomware incident that occurred last autumn and disrupted patient services at some of its facilities for an extended period. The estimated cost of the incident is now believed to be around $160 million, an increase of $10 million from the previous estimate released in February.
Germany Faces €206 Billion Cybersecurity Challenge in 2023: Bitkom Survey Reveal
According to a survey conducted by the digital association Bitkom, Germany is projected to incur €206 billion in losses in 2023 due to theft of IT equipment, data breaches, digital espionage, and industrial espionage.
MoveIt Hack: Global Businesses and Individuals at Risk | Take Action Now
Source: ITCPEacademy.org
Numerous global businesses may have experienced the repercussions of the MoveIt breach, a cyber attack on a third-party data-transfer provider. This breach has potentially exposed the private and sensitive information of millions of individuals, particularly in the United States. It is important for both businesses and individuals to understand the details of the hack and take appropriate measures in response.
Experian Launches Fintech-Focused Fraud Prevention Network, Hunter, in the US
Experian is preparing to introduce a specialized edition of its fraud prevention data network, Hunter, in the United States, with several prominent companies committing to participate.
Hunter functions as a cooperative data network that grants participants visibility into borrower activities within the fintech sector to identify potential fraud risks. Through secure linkage across the network, participants share real-time information regarding fraudulent activities by contributing their own data.
When fintech companies establish new customer relationships or verify existing ones, they can cross-check against the network and receive alerts about suspicious information that matches observed fraud events.
According to Experian, Hunter is already utilized by over 450 organizations in 24 different countries, spanning various industries. The platform allegedly saves clients more than $6.5 billion annually.
Prior to its launch, the US version of Hunter aimed at the fintech sector has secured the participation of nine undisclosed firms.
Robert Boxberger, President of Experian Decision Analytics in North America, states, "By embracing a collaborative approach, fintech companies can leverage this additional data to make well-informed decisions that facilitate intelligent portfolio growth, enhance the customer experience, and mitigate substantial fraud losses."
The SEC Cyber Incident Disclosure Rule: A Comprehensive Overview
The Securities and Exchange Commission (SEC) has introduced a groundbreaking cybersecurity measure that represents an extensive endeavor by the United States government to enforce cybersecurity protocols.
HSBC Partners with BT and Toshiba for Quantum-Secured Metro Network to Bolster Cybersecurity
HSBC Collaborates with BT and Toshiba for Quantum-Secured Metro Network, Enhancing Cybersecurity Measures.
NextGen Healthcare Discloses Data Breach: Over 1 Million Patients' Personal Information Compromised
NextGen Healthcare, a company based in the United States that specializes in electronic health record software, has acknowledged a security breach in which hackers infiltrated its systems and unlawfully obtained personal data belonging to over 1 million patients.