Financial Services Data Breaches: More Pain Ahead?

|
Banks, like most industries, are undergoing profound digital transformations. They’re trying to compete, lower business risk, and cut costs from their business operations ... Read More

Financial Services: State of Software Security

|
As we’ve recently covered, cybersecurity in financial services is having a challenging time keeping up with the rate of technological change. A survey conducted by the Ponemon Institute (on behalf of electronic design automation and software security company Synopsys) found that more than half of the financial services companies they ... Read More

The Cloud Security Alliance’s Top Threats to Cloud Computing

|
Periodically the Cloud Security Alliance publishes a report of the top threats to cloud computing. These reports hope to increase the awareness of risks to cloud computing. What’s interesting this year is that certain threats, including denial of service, shared technology vulnerabilities, and cloud service provider data loss and system ... Read More

GAO: US Federal Agencies Need to Fully Establish Risk Management Programs

|
There have been plenty — too many — breaches involving federal agencies over the years. Way back in 2006, a breach at the U.S. Department of Veterans Affairs affected 26.5 million people. In 2009, it was the National Archives and Records Administration that was hit and that breach affected 76 ... Read More

When it Comes to Application Security, Banks Pay Little Interest

|
One might think financial institutions, such as banks, would have formidable levels of application security. Unfortunately, if one thought that, one would be wrong. According to an analysis by application security vendor ImmuniWeb, a startling 97 out of 100 of the world’s largest banks are vulnerable to web and mobile ... Read More

UK Fines Jump Since GDPR Implementation

|
Commercial law firm Reynolds Porter Chamberlain LLP says that the average fine levied by the Information Commissioner’s Office rose 14% in the year since the introduction of GDPR, increasing from £125,000 in 2017/18 to £143,000 in 2018/19 ... Read More

Surprise: Healthcare Organizations Confident in Their Cybersecurity Efforts

|
Risk management firm LexisNexis Risk Solutions, in conjunction with Information Security Media Group (ISMG), recently announced the results of an online survey they conducted to identify current trends in healthcare cybersecurity. The survey is based on responses from more than 100 participants working within including hospitals, physician group practices and ... Read More

Hospitals, Clinics in Los Angeles Hit by Data Breach

|
Phishing attacks strike again. Last week, Nemadji Research Corp., which does patient eligibility and billing services work for the Los Angeles County Department of Health Services, discovered that they’d been breached by a phishing attack. The attack enabled the criminals to gain access to the medical records of nearly 15,000 ... Read More

Poor Healthcare Industry Security Hygiene Places Lives at Risk

|
No one wants to go to the doctor’s office. Well, I guess some people do. I’m certainly not one of them. But imagine going to the doctor and then watching in horror as the medical equipment or computers the teams of doctors are working on aren’t working. That, suddenly, the ... Read More

AI in Cybersecurity Expected to Surpass $38 Billion

|
The market for AI in cybersecurity is expected to soar. According to the market research firm Markets and Markets, sales and support of AI software and services will reach $38 billion by 2026 — up from nearly $9 billion this year ... Read More