BankInfoSecurity.com reported “that financial institutions “will have limited information on an event” within 24 hours. They add that the details of cyber intrusions involving nation-states or advanced persistent threat groups cannot be adequately gathered within 24 hours, given the need for assistance from federal agencies.” The August 17, 2021…
Continue Reading 24 Hour Cyber Incident Notification Requirement is Too Short!
Law360.com reported that “the cyber insurance industry is adapting to the evolving cyber risks to businesses.” The August 13, 2021 article entitled “Ransomware Scourge Isn’t Scaring Away Cyber Insurers” included these comments:
Ransomware payments for cyberattacks have raised concerns for cyber insurers, but experts say those worries haven’t…
Continue Reading No Surprise that Ransomware Insurance Premiums are Increasing!
DataBreachToday.com reported about the Federal Trade Commission’s blog entitled “Phishing scheme targets unemployment insurance benefits and PII” that “Identity thieves are targeting millions of people nationwide with scam phishing texts aimed at stealing personal information, unemployment benefits, or both.” The August 9, 2021 report entitled “FTC Warns:…
Continue Reading Smishing (aka SMS Phishing) Warning from the FTC!
DataBreachToday.com reported that “Because of the shortage of cybersecurity workers, the federal government and the private sector need to consider accepting high school graduates as entry-level employees as well as finding new staff through certificate programs and apprenticeships, cyber education experts told a House subcommittee last week.” The August…
Continue Reading 460,000+ Cybersecurity Professional Jobs are Available!
DarkReading.com reported that “Data breach costs have reached a new record high of $4.24 million per incident, representing a 10% increase from the year prior — the largest single year cost increase in the last seven years.” The July 28, 2021 report entitled “Data Breach Cost Hits Record…
Continue Reading $4.24M Now the Average Cost Per Data Breach!
BankInfoSecurity.com reported that “U.S. Customs and Border Protection [CBP] has not always protected its Mobile Passport Control applications, making travelers’ personally identifiable information vulnerable to exploitation, according to a new report from the Department of Homeland Security’s Office of the Inspector General [OIG].” The July 23, 2021 entitled “…
Continue Reading PII at risk on Mobile Passport Control Apps!
My good friend Judy Greenwald reported at BusinessInsurance.com that “After AIG refused the claim, Landry’s filed suit, and the U.S. District Court in Houston ruled in the insurer’s favor and dismissed the case. A unanimous three-judge appeals court panel overturned that decision.” The July 22, 2021 article entitled…
Continue Reading AIG Must Defend Landry’s in a Data Breach From 2014-15!
HelpNetSecurity.com reported that “Using AI and ML through powerful cloud-based environments is allowing more organizations to access high-performance computing features which creates additional opportunities to benefit from real-time data analytics.” The July 13, 2021 report entitled “It takes more than MFA to beat human hacking” included these comments:…
Continue Reading AI and ML maybe better than MFA for Cybersecurity!
Reuters reported that the “Chinese authorities step up efforts to draft regulations to better govern data storage, data transfer, and personal data privacy.” The July 12, 2021 report entitled “China drafts new cyber-security industry plan” included these comments:
China’s Ministry of Industry and Information Technology said on Monday…
Continue Reading China’s new Cybersecurity Plan will be worth $38.6 Billion by 2023!
NIST responded to the May 12, 2021 President’s Executive Order which directed “NIST to solicit input from the private sector, academia, government agencies, and others and to identify existing or develop new standards, tools, best practices, and other guidelines to enhance software supply chain security.” The July 9, 2021 NIST…
