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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCyberArk CEO Matt Cohen: We are investing millions into A.I. to combat ransomware innovationCyberArk CEO Matt Cohen joins 'The Exchange' to discuss protecting digital identities, the increased risk of ransomware attacks due to AI, and more.
Persons: Matt Cohen
New York State to Debut First Cybersecurity Strategy
  + stars: | 2023-08-09 | by ( James Rundle | ) www.wsj.com   time to read: +6 min
The state of New York will debut its first cybersecurity strategy, including plans to modernize government networks, provide digital defenses at the county level and regulate critical infrastructure. In addition, the state plans to focus on developing its cybersecurity workforce and educating New York residents and companies about cybersecurity. In March, the White House published the National Cybersecurity Strategy, which touches on several of the themes in New York’s own document. The U.S. Office of the National Cyber Director coordinated with the New York state government during the drafting process, said acting National Cyber Director Kemba Walden. Kemba Walden, acting National Cyber Director Photo: U.S. OFFICE OF THE NATIONAL CYBER DIRECTOR“Certainly we appreciate points of alignment, where appropriate, between state cyber strategies and the National Cybersecurity Strategy.
Persons: Kathy Hochul, Kathryn Garcia, Lev Radin, , Garcia, Colin Ahern, Kemba Walden, ” Walden, ” Garcia, James Rundle Organizations: state’s, of Homeland Security, Emergency Services, New York, cybersecurity, Aging, U.S . Office, National Cyber, New, New York State Department of Financial Services, New York State Intelligence Center, Joint Security Operations Center Locations: New York, Suffolk County, Iowa, Michigan, West Virginia, New York’s Suffolk County, New, New York City, Albany, Telecommuting, Brooklyn, Albany , Rochester, Syracuse, Albany , New York City, Yonkers, james.rundle
New York State Debuts First Cybersecurity Strategy
  + stars: | 2023-08-09 | by ( James Rundle | ) www.wsj.com   time to read: +6 min
The state of New York debuted its first cybersecurity strategy, including plans to modernize government networks, provide digital defenses at the county level and regulate critical infrastructure. In addition, the state plans to focus on developing its cybersecurity workforce and educating New York residents and companies about cybersecurity. In March, the White House published the National Cybersecurity Strategy, which touches on several of the themes in New York’s own document. The U.S. Office of the National Cyber Director coordinated with the New York state government during the drafting process, said acting National Cyber Director Kemba Walden. Photo: U.S. OFFICE OF THE NATIONAL CYBER DIRECTOR“Certainly we appreciate points of alignment, where appropriate, between state cyber strategies and the National Cybersecurity Strategy.
Persons: Kathy Hochul, Kathryn Garcia, Lev Radin, , Garcia, Colin Ahern, Kemba Walden, ” Walden, ” Garcia, James Rundle Organizations: New York, state’s, of Homeland Security, Emergency Services, cybersecurity, Aging, U.S . Office, National Cyber, New, New York State Department of Financial Services, New York State Intelligence Center, Joint Security Operations Center Locations: New, New York, Suffolk County, Iowa, Michigan, West Virginia, New York’s Suffolk County, New York City, Albany, Telecommuting, Brooklyn, Albany , Rochester, Syracuse, Albany , New York City, Yonkers, james.rundle
A report from the US Department of the Interior showed that 21% of employee accounts could be hacked. The report also noted that nearly 500 employees used "Password-1234" to protect their accounts. A report from the Department of the Interior reveals the most-used password among their employees last year was "Password-1234." "My sneaking suspicion is that Interior Department employees are no different from most Americans in how they use passwords, so if this problem exists in my department, it could exist across the federal government and in business offices and private homes nationwide," Greenblatt wrote. Greenblatt also noted that 99.99% of the 18,000 accounts that staff cracked met the Department's password complexity requirements — including "Password-1234."
Persons: Kathleen Sedney, Mark Lee Greenblatt, Greenblatt Organizations: US Department of, Washington Post, Department of, Integrity, Interior Department Locations: Washington, United States
CharterCARE Health Partners, a Rhode Island affiliate, said on Facebook Thursday that it had to reschedule some of its appointments and to revert to paper records. The Philadelphia Inquirer reported that computers were also down at Crozer Health facilities in Delaware County. “Prospect Medical Holdings, Inc. recently experienced a data security incident that has disrupted our operations,” the company said in a statement on Saturday. Waterbury Hospital, in Waterbury, Conn., said on Saturday that it was continuing to have disruptions. It also said that some of its outpatient and diagnostic imaging services had not been available on Friday or Saturday.
Persons: John Riggi Organizations: CharterCARE Health Partners, Rhode Island, Facebook, Philadelphia Inquirer, Crozer Health, “ Prospect Medical Holdings, Inc, Waterbury Hospital, American Hospital Association Locations: Delaware County, Waterbury, Conn
More and more individuals have the capabilities of hackers, using things like ransomware-as-a-service and AI, and for CISOs and other cyber leaders, the rapid adoption of generative AI "changes the threat landscape tremendously," he said. For example, the use of generative AI has made phishing attacks easier and more authentic looking. With generative AI, a non-English-speaking bad actor can instantly and nearly flawlessly translate an email into any language, making it harder for employees to spot the fakes. In fact, using AI to amplify speed and scale in cybersecurity is among the biggest benefits experts see coming in the near term. I think over the next year, cyber leaders are going to figure out where AI is really useful and where it's not."
Persons: Joe Biden, Collin R, Walke, Hall Estill's, Stephen Boyer, " Boyer, Michael McNerney, OpenAI, McNerney, it's Organizations: Amazon, Google, Microsoft, Resilience, Valley's Locations: cybersecurity
Aug 1 (Reuters) - An obscure cloud service company has been providing state-sponsored hackers with internet services to spy on and extort their victims, a cybersecurity firm said in a report to be published on Tuesday. Researchers at Texas-based Halcyon said a company called Cloudzy had been leasing server space and reselling it to no fewer than 17 different state-sponsored hacking groups from China, Russia, Iran, North Korea, India, Pakistan and Vietnam. Halcyon estimated that roughly half of Cloudzy’s business was malicious, including renting services to two ransomware groups. The cybersecurity firm CrowdStrike, which wasn’t involved in the research, said that it hadn’t seen state-sponsored hackers using Cloudzy. He said the company needed U.S. domicile to be able to register internet protocol addresses in America.
Persons: Halcyon, Cloudzy, Hannan Nozari, couldn’t, Nozari, , Ryan Golden, wasn’t, It’s, – CloudPeak, Sheridan –, Adam Meyers, , Christopher Bing, Cynthia Osterman Organizations: LinkedIn, Reuters, , Nozari, CrowdStrike, Thomson Locations: Texas, China, Russia, Iran, North Korea, India, Pakistan, Vietnam, Tehran, Nozari, Cyprus, U.S ., Wyoming, America, Sheridan
The House Financial Services Committee advanced a measure Thursday to establish a clear regulatory framework for the issuance of payment stablecoins. The bills' approvals, after a roughly 14-month debate between committee Republicans and Democrats, can be viewed as wins for the crypto industry, whose reputation on Capitol Hill was battered by the failure of crypto giant FTX last fall. Late Thursday night, the Senate passed a massive defense funding bill that included several measures from different bills the digital-assets industry has opposed. Warren also highlighted the National Defense Authorization Act rider this week by reintroducing her bill, the Digital Asset Anti-Money Laundering Act. The House crypto bills would likely garner enough support to pass in the Republican-controlled House, but struggle to gain traction in the Democratic-controlled Senate
Persons: Elizabeth Warren, Patrick McHenry, Jim Himes, Josh Gottheimer, Crypto, Sen, Warren, Democratic Sen, Joe Manchin, Roger Marshall of, Lindsey Graham of Organizations: Banking, Housing, Urban Affairs Committee, WASHINGTON — Lawmakers, Capitol, Financial Services Committee, Financial Services, Connecticut, Republicans, Democrats, Treasury Department, Treasury, Defense, Money, Democratic, Senate, Republican Locations: Massachusetts, Washington , DC, R, New Jersey, crypto's, Roger Marshall of Kansas, Lindsey Graham of South Carolina
New Zealand sets up lead cyber agency to boost online security
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +1 min
SYDNEY, July 26 (Reuters) - New Zealand said on Wednesday it would boost its cyber defences by setting up a lead agency to make it easier for the public and businesses to seek help during network intrusions. The government would bring New Zealand's Computer Emergency Response Team into its National Cyber Security Centre, which it said would help improve the response to cyber incidents. "The cyber security threats New Zealand faces are growing in scale and sophistication," Public Service Minister Andrew Little said in a statement. New Zealand has seen a rise in online break-ins recently prompting the country's central bank in May to propose collecting financial data on cyber incidents to better understand cyber risks in the financial sector. ($1 = 1.6067 New Zealand dollars)Reporting by Renju Jose in Sydney; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Little, Renju Jose, Sonali Paul Organizations: SYDNEY, New, National Cyber Security, Public Service, Smartpay Holdings, Zealand, Thomson Locations: New Zealand, Zealand, . New Zealand, Australia, Sydney
Italian asset manager Azimut targeted by BlackCat hackers
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
MILAN, July 24 (Reuters) - Italian asset manager Azimut (AZMT.MI) said on Monday it had suffered a cyberattack that did not harm its customers' sensitive data, and had received a ransom request which it rebuffed. Israeli hacking monitoring start-up DarkFeedsaid the attack was carried out by BlackCat, the same ransomware group which in September stole large amounts of data from state-owned Italian energy services firm GSE. Tel Aviv-based DarkFeed said on its website that Azimut had been hit on July 21, listing it as one of BlackCat's 477 victims. BlackCat, also known as ALPHV, emerged in late 2021 and is known for having launched sophisticated attacks on scores of companies across the U.S. and Europe. Reporting by Elvira Pollina and Valentina Za, editing by Gavin JonesOur Standards: The Thomson Reuters Trust Principles.
Persons: Azimut, BlackCat, DarkFeed, Elvira Pollina, Valentina Za, Gavin Jones Organizations: MILAN, Thomson Locations: Italian, Tel Aviv, Europe, Italy
Victims of Cyberattack on File-Transfer Tool Pile Up
  + stars: | 2023-07-19 | by ( Catherine Stupp | ) www.wsj.com   time to read: +6 min
The list of companies hit by a cyberattack on a widely used software tool continues to expand and several victims have filed lawsuits alleging mishandling of data. The continued disclosure of new victims affected by hackers exploiting a vulnerability in MoveIt, a common file-transfer tool from Progress Software, underscores how cyberattacks can ripple through supply chains. Some companies have been drawn into data breaches without having used MoveIt because their business partners use it. The Cl0p ransomware group has taken responsibility for the cyberattacks and posted data from some victims on its underground website. A 2021 cyberattack on a tool similar to MoveIt—Accellion’s File Transfer Appliance—had similar ripple effects.
Persons: , Brett Callow, cyberattacks, Callow, Genworth, PBI, , Shell, Rob Carr, Suzie Squier, Johns, Johns Hopkins, Emsisoft’s Callow, Catherine Stupp Organizations: Progress Software, . Progress, Progress, Shell, BBC, Energy Department, Genworth Financial, Social, PBI Research Services, U.S . Department of Health, Human Services, Colorado State University, BG Group, Johns Hopkins University, Getty Locations: British, MoveIt, Kaseya, Johns Hopkins
WASHINGTON, July 18 (Reuters) - The White House on Tuesday along with companies such as Amazon.com Inc (AMZN.O), Alphabet's Google (GOOGL.O) and Best Buy (BBY.N) will announce an initiative that allows Americans to identify devices that are less vulnerable to cyberattacks. A new certification and labeling program would raise the bar for cybersecurity across smart devices such as refrigerators, microwaves, televisions, climate control systems and fitness trackers, the White House said in a statement. Retailers and manufacturers will apply a "U.S. Cyber Trust Mark" logo to their devices and the program will be up and running in 2024. The Federal Communications Commission will seek public comment before rolling out the labeling program and register a national trademark with the U.S. Patent and Trademark Office, the White House said. In March, the White House launched its national cyber strategy that called on software makers and companies to take far greater responsibility to ensure that their systems cannot be hacked.
Persons: Nandita Bose, Jacqueline Wong Organizations: Amazon.com Inc, Google, Cyber, Federal Communications Commission, U.S . Patent, LG Electronics, Logitech, Cisco Systems, Samsung, White House, Federal Bureau of Investigation, Defense Department, Microsoft, Thomson Locations: U.S, Washington
On Tuesday, the Biden administration announced it’s moving to implement a cybersecurity labeling program aimed at helping consumers pick out trustworthy tech products that are rated as more secure than the competition. Products certified under the new program may come with a QR code that links to a national database affirming its participation, the administration added in a release. “This new labeling program would help provide Americans with greater assurances about the cybersecurity of the products they use and rely on in their everyday lives,” the administration said in a statement. “It would also be beneficial for businesses, as it would help differentiate trustworthy products in the marketplace.”The government proposal comes two years after President Joe Biden signed an executive order calling for an “‘energy star’ type of label” for tech products. “Market forces alone were never going to be sufficient to force manufacturers to step up and deliver more secure devices,” he said.
Persons: Biden, it’s, , cybersecurity, , Joe Biden, Dave DeWalt, “ We’ve Organizations: CNN, National Institute of Standards, Technology, NIST, House, Products, Twitter, PayPal, Federal Communications Commission, FCC, Colonial Pipeline, Companies, Amazon, Cisco, Google, LG, Logitech, Samsung, Consumer Technology Association
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew report shows crypto crime drops 65% in first half of 2023, ransomware attacks riseJacqueline Burns Koven, the head of cyber threat intelligence at Chainalysis, explains the data revealed in the company's mid-year crypto crime report.
Persons: Jacqueline Burns Koven
Transactions associated with sanctioned entities accounted for 44% of 2022's record-high $20.1 billion worth of crypto crime, Chainalysis said in January. Crypto payments to ransomware attackers hit $449.1 million in the first half of 2023, up $175.8 million from the same period last year, Chainalysis said. If this continues, ransomware attackers will have their second best year on record, the analysts added. "Big game hunting - that is, the targeting of large, deep-pocketed organizations by ransomware attackers - seems to have bounced back after a lull in 2022. At the same time, the number of successful small attacks has also grown," Chainalysis said.
Persons: Chainalysis, fraudsters, Elizabeth Howcroft, Sinead Cruise, Mark Potter Organizations: Thomson
Japan’s largest port hit with ransomware attack
  + stars: | 2023-07-06 | by ( Sean Lyngaas | ) edition.cnn.com   time to read: +2 min
New York CNN —Japan’s busiest shipping port said Thursday it would resume operations after a ransomware attack prevented the port from receiving shipping containers for two days. The expected restoration of the Port of Nagoya, a hub for car exports and an engine of the Japanese economy, will ease concerns about any wider economic fallout from the ransomware attack. The hack forced the port to stop handling shipping containers that came to the terminal by trailer, the association said. As of midday Thursday in Japan, there was no claim of responsibility for the Port of Nagoya ransomware attack from the LockBit group on their dark-web site. Though this may be a first for Japan, ransomware and related hacks have hit ports in other countries.
Persons: Ransomware, Mihoko Matsubara, TSMC, Port, Matsubara Organizations: New, New York CNN, Nagoya Harbor Transportation Association, NTT Corporation, CNN, Port, Japan Locations: New York, Port, Nagoya, Japan, Ukraine
TOKYO, July 6 (Reuters) - Japan's biggest port, the Port of Nagoya, plans to resume cargo operations on Thursday afternoon after a cyberattack caused a system glitch and stalled operations, the port operator said. The port in central Japan was hit by a ransomware attack on Tuesday and remains unable to load and unload containers from trailers. The computer system had fully been recovered by Thursday morning, but that was later than expected and the resumption of terminal operations has been pushed back by half a day, the Nagoya Harbor Transportation Authority said. Reporting by Mariko Katsumura; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.
Persons: Mariko Katsumura, Tom Hogue Organizations: Nagoya Harbor Transportation Authority, Thomson Locations: TOKYO, Port, Nagoya, Japan, Nagoya Harbor
Cyber insurance rates drop 10% in June, report says
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 5 (Reuters) - Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate rises, as claims proved smaller than expected, broker Howden said in a report on Wednesday. Cyber insurance rates more than doubled in 2021 during the COVID-19 pandemic, driven by a rise in so-called ransomware attacks, Howden said. "Everybody is back with appetite for writing cyber insurance," said Shay Simkin, global head of cyber at Howden. Increased competition has contributed to lower rates, Howden said. Cyber insurance premiums totalled more than $12 billion in 2022 versus $10-11 billion in 2021, Simkin said, and Howden forecasts the market to increase to around $50 billion by 2030, given the size of cyber crime.
Persons: Howden, Ransom, Shay Simkin, Simkin, Carolyn Cohn, David Evans Organizations: Thomson Locations: Russia, Ukraine, Howden
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRansomware attacks surge 20% as cyber warfare enters 'fifth generation', says Check Point CEO ShwedGil Shwed, Check Point Software Technologies CEO , joins 'The Exchange' to discuss the surge in ransomware attacks and how new A.I. tools could begin to assist cyber criminals.
Persons: Shwed Gil Shwed Organizations: Software Technologies
Morgan Stanley has named four cybersecurity stocks it expects to gain from the increasing use of artificial intelligence. The investment bank said Palo Alto Networks , Microsoft , Fortinet , and CrowdStrike are set to benefit from a potential $30 billion opportunity AI is expected to unlock in cybersecurity. This trend indicates that there could be a cybersecurity workforce shortage of around 3.4 million people, according to the ISC. They calculated their estimated $30 billion opportunity by talking to more than 20 chief investment security officers and IT security experts. They found that tasks that can be automated currently occupy between 20-40% of a security analyst's time.
Persons: Morgan Stanley, Mogan Stanley, Hamza Fodderwala, PANW, FTNT Organizations: Palo Alto Networks, Microsoft, Information, ISC Locations: Palo, cybersecurity
Cyber insurance rates drop 10% in June -report
  + stars: | 2023-07-04 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 5 (Reuters) - Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate rises, as claims proved smaller than expected, broker Howden said in a report on Wednesday. Cyber insurance rates more than doubled in 2021 during the COVID-19 pandemic, driven by a rise in so-called ransomware attacks, Howden said. "Everybody is back with appetite for writing cyber insurance," said Shay Simkin, global head of cyber at Howden. Increased competition has contributed to lower rates, Howden said. Cyber insurance premiums totalled more than $12 billion in 2022 versus $10-11 billion in 2021, Simkin said, and Howden forecasts the market to increase to around $50 billion by 2030, given the size of cyber crime.
Persons: Howden, Ransom, Shay Simkin, Simkin, Carolyn Cohn, David Evans Organizations: Thomson Locations: Russia, Ukraine, Howden
Dublin airport staff's salary data breached
  + stars: | 2023-07-02 | by ( ) www.reuters.com   time to read: +1 min
[1/2] An Irish Hare is seen at Dublin Airport in Dublin, Ireland, December 3, 2021. REUTERS/Clodagh Kilcoyne/File PhotoJuly 2 (Reuters) - Some Dublin airport staff's financial information has been compromised by a cyber-attack on provider company Aon (AON.N) that also affected various other firms, the Dublin Airport Authority (DAA) said on Sunday. Britain's Sunday Times reported that the attack on file-transfer software tool MOVEit, used by Aon, affected nearly 2,000 Dublin airport staff, as well other agencies and companies in the US and UK. "DAA is offering support, advice and assistance to employees impacted by this criminal cyber-attack," the Irish airport authority said, without giving further details. Reporting by Anirudh Saligrama, additional reporting by Gursimran Kaur, Editing by David Gregorio and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Irish Hare, Clodagh, AON, Anirudh Saligrama, Gursimran Kaur, David Gregorio, Jonathan Oatis Organizations: Dublin Airport, REUTERS, Dublin Airport Authority, Sunday Times, Thomson Locations: Irish, Dublin, Ireland
Confirmation of the breach came after Russian-speaking cybercriminals claimed TSMC as a victim on Thursday and demanded an extraordinary $70 million ransom from the semiconductor firm. There were no signs that TSMC or the hardware supplier, Taiwanese firm Kinmax, had any plans to pay the hackers (representatives from both companies didn’t respond to CNN’s questions about any ransom). “After the incident, TSMC has immediately terminated its data exchange with this concerned supplier in accordance with the Company’s security protocols and standard operating procedures,” TSMC said in a statement to CNN. The hackers accessed Kinmax’s internal “testing environment” for the technology it prepares to deliver to customers, Kinmax said in a statement distributed by TSMC. LockBit is the name of the group claiming responsibility for the hack of the TSMC supplier and the type of ransomware they use.
Persons: cybercriminals, TSMC, , ” TSMC, Kinmax, LockBit, LockBit ransomware, Jon DiMaggio Organizations: CNN, Apple, TSMC Locations: Taiwan’s
WASHINGTON, June 28 (Reuters) - The U.S. Department of Health and Human Services (HHS) was among those affected by a wide-ranging hack centered on a piece of software called MOVEit Transfer, Bloomberg News reported on Wednesday. The report comes as the hackers behind the massive breach claimed credit for stealing data from two major law firms, Kirkland & Ellis LLP and K&L Gates LLP. Kirkland and K&L did not immediately return messages left after hours. The group has previously insisted it doesn't deliberately steal data from government organizations, but that doesn't mean that data hasn't been compromised. Bloomberg cited a person familiar with the incident at HHS as saying that tens of thousands of records could have been exposed.
Persons: Ellis, cl0p, Gates, Kirkland, doesn't, Cl0p didn't, Jon Clay, TrendMicro, Raphael Satter, Lincoln Organizations: U.S . Department of Health, Human Services, Bloomberg, Kirkland, Gates, HHS, Progress Software, Thomson Locations: Russian
REUTERS/Dado Ruvic/Illustration/File PhotoJune 28 (Reuters) - Mercenary hackers increasingly are targeting law firms in a bid to steal data that could tip the balance in legal cases, French and British authorities say, echoing a Reuters investigation that uncovered the phenomenon last year. In a pair of reports published over the past week, the cyber watchdog agencies of France and the United Kingdom cataloged an array of digital challenges faced by law firms, including threats posed by ransomware and malicious insiders. Both also highlighted the dangers posed by mercenary hackers hired by litigants to filch sensitive information from courtroom opponents. France’s cyber watchdog, known as ANSSI, said in its report released Tuesday that “mercenaries with offensive cyber capacities” were increasingly targeting the legal sector. ANSSI cited Reuters reporting last year on how mercenary hackers based out of India were being drafted to help sway high-profile cases in the United States, Europe and elsewhere.
Persons: Dado Ruvic, ANSSI, Britain's, ANSSI didn't, Raphael Satter Organizations: REUTERS, Mercenary, Cyber Security, Reuters, Google, Facebook, Meta, Inc, Thomson Locations: France, United Kingdom, London, India, United States, Europe, U.S
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