DarkReading.com reported that “Organizations lack sufficient levels of cyber-insurance coverage to protect themselves in case of a ransomware attack, with just 14% of businesses with 1,400 or fewer employees boasting coverage limits above $600,000.” The August 11, 2022 article entitled “Cyber-Insurance Fail: Most Businesses Lack Ransomware Coverage” included
Continue Reading Do you have adequate Ransomware Cyber Insurance Coverage?
BankInfoSecurity.com reported that the “…U.S. Federal Trade Commission today initiated a potentially years-long attempt to impose new data security and privacy regulations onto the American economy.” The August 11, 2022 article entitled “FTC Initiates Privacy and Data Security Rule-Making” included these comments from FTC Chair Lina Khan:
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Continue Reading FTC planning to establish Privacy & Data Security Laws
BankInfoSecurity.com reported that “The U.S. Federal Trade Commission is investigating the operators of a cryptocurrency platform that lost $200 million of investor funds in one of the biggest crypto cyberattacks of 2021.” The August 11, 2022 report entitled “FTC Probes BitMart After $200M Theft at Crypto Exchange” included
Continue Reading FTC Investigating BitMart After $200M Crypto Theft!
BankInfoSecurity.com reported about BitMEX that “A high-ranking employee at a cryptocurrency exchange with U.S. operations has pleaded guilty to violating the Bank Secrecy Act [BSA]. The law requires financial institutions to help U.S. government agencies prevent money laundering.” The August 9, 2022 article entitled “Fresh Guilty Plea Follows Crackdown
Continue Reading Bitcoin Mercantile Exchange (BitMEX) employee pleads guilty to violation of Bank Secrecy Act!
BankInfoSecurity.com reported that “Smartphone investing app Robinhood Markets will pay New York financial regulators $30 million to settle findings that its cryptocurrency trading division had poor cybersecurity and failed to monitor for illegal transactions.” The August 2, 2022 article entitled “New York Nabs $30M From Robinhood Crypto in Regulatory
Continue Reading Poor Cybersecurity Leads to $30M Fine for Robinhood Crypto!
DarkReading.com reported “With cyberattacks becoming more frequent and costly, not to mention the additional challenges inherent in securing a remote workforce, it is more important than ever that organizations build a culture of security.” The July 29, 2022 article entitled “3 Tips for Creating a Security Culture” included
Continue Reading Building a Cybersecurity Culture is Critical!
The NewYorkTimes.com reported that “Experts are still assessing how China apparently leapfrogged ahead in its effort to manufacture a semiconductor whose circuits are of such tiny dimensions — about 10,000 times thinner than a human hair — that they rival those made in Taiwan, which supplies both China and the
Continue Reading Why did we let China leapfrog the CHIP marketplace?
VentureBeat.com reported that “we can imagine tiny robotic vessels that go inside the body and swim around under the control of doctors who diagnose patients from the inside, and even perform surgical tasks.” The July 24, 2022 article entitled “Medicine and the metaverse: New tech allows doctors to travel
Continue Reading Are you ready for Metaverse Medicine?DarkReading.com reported that often using MSPs means that “Sadly, much of the new processes involve checking a box, rather than implementing technical cybersecurity steps that could make a difference in threat prevention.” The July 25, 2022 article entitled “Getting Ahead of Supply Chain Attacks” included these comments:
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BankInfoSecurity.com reported that “The U.S. Department of Justice clawed back about $500,000 worth of illicit cryptocurrency from North Korean hackers who launched Maui ransomware assaults on at least two U.S. medical facilities.” The July 19, 2022 report entitled “DOJ Seizes $500,000 From North Korean Attacks on Healthcare” included
Continue Reading $500,000 worth of crypto recovered from US health care ransomware!