The recent slate of breaches and regulatory actions has prompted many companies who had been doing the minimum in terms of proactive cyber risk management to rethink their approach. In the U.S., new regulations are emerging (for states like Virginia, Colorado, Massachusetts and many others), and existing regulators are increasing their enforcement, as we’ve seen by the NY Dept of Financial Services (NYDFS) and the SEC.
Phishing schemes are always evolving. This past year, email thread hijacking took phishing to new depths of subterfuge as criminals hid in plain sight within existing conversations. But no matter how well cybercriminals have refined their messaging or counterfeited legitimate logos and branding, the one constant has always been their delivery method: email. Until now. Online chat services have become a new target for cybercriminals to introduce documents loaded with malware into organizations.
Industries most impacted in 2019 continued to be hard hit in both 2020 and so far in 2021, including healthcare, education and financial services. However, the greatest percentage increases occurred in industries that had been generally spared in 2019. The overall implication is that data attacks became broader and deeper during the pandemic, a trend that continues during the recovery.
Businesses in Singapore face mounting challenges to protect customer data as a result of the newly enacted Personal Data Protection (Amendment) Bill (PDPA). With higher penalties expected to be levied from February 2022, it’s imperative that enterprises, particularly those collecting customer data, have a solid information security framework and incident response plan in place.
The COVID-19 pandemic has fundamentally shifted the cyber threat landscape for Australia’s health sector, with the Australian Cyber Security Centre (ACSC) reporting a 84% increase in the number of cyber security incident reports relating to the health sector between 2019 and 2020.1 As custodians of vast volumes of highly sensitive information, the industry continues to find itself at the mercy of cyberattacks that paralyze systems until a ransom is paid—threatening the security of patient d
In 2021, Kroll investigators have had multiple opportunities to respond to a series of interconnected network intrusions, ransomware events and cyber incidents which, upon investigation and review, possessed overlapping tactics, techniques and procedures (TTPs) and similar indicators of compromise (IOC) among them. The incidents affected organizations of various sizes across diverse industry sectors through what Kroll’s investigations confirmed was a range of separate intrusion vectors.
Kroll, Red Canary and VMware conducted a survey of over 400 information security and 100 legal and compliance leaders from companies with over $500M in annual revenue to capture the current state of incident response from a technical and legal perspective. Our goal was to highlight trends, identify common challenges and understand how organizations are maturing their preparedness, detection and response programs.
Understanding who you share data with and how they will utilize and protect it has never been more critical. Privacy and security continue to be a top priority for regulators around the world and organizations are advised to stay abreast and take appropriate measures to comply.
In the high-pitched, relentless battle against cyberattacks, much of the attention and energy has been focused on technical solutions, regulatory compliance, and balancing risks with opportunities. What about corporate governance? What role does executive and board-level oversight play in ensuring robust cybersecurity … and what role should it play?
With most organizations receiving over 100 threat alerts every day and a reduction of endpoint visibility due to the shift to remote work, the ability to quickly detect and confidently respond to cyber threats has become a difficult challenge for organizations to undertake on their own.
