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NEW TECH: DataLocker introduces encrypted flash drive — with key pad

The Last Watchdog

One sliver of the $90 billion, or so, companies are expected to spend this year on cybersecurity products and services is an estimated $85 million they will shell out for encrypted flash drives. We discussed why encrypted flash drives have become established as a must-have portable business tool in the digital age. Park: Exactly.

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Low-Drama ‘Dark Angels’ Reap Record Ransoms

Krebs on Security

A ransomware group called Dark Angels made headlines this past week when it was revealed the crime group recently received a record $75 million data ransom payment from a Fortune 50 company. ” Most ransomware groups maintain flashy victim leak sites which threaten to publish the target’s stolen data unless a ransom demand is paid.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S. Healthcare Data Privacy Laws.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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New Ransom Payment Schemes Target Executives, Telemedicine

Krebs on Security

First spotted in mid-August 2022 , Venus is known for hacking into victims’ publicly-exposed Remote Desktop services to encrypt Windows devices. Using hard-to-crack unique passwords to protect sensitive data and accounts, as well as enabling multi-factor authentication. Encrypting sensitive data wherever possible.

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The Week in Cyber Security and Data Privacy: 16–22 October 2023

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Publicly disclosed data breaches and cyber attacks City of Philadelphia discloses data breach after five months Date of breach: 24 May 2023 ( notice issued 20 October 2023).

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A Guide to Key Management as a Service

Thales Cloud Protection & Licensing

A Guide to Key Management as a Service madhav Thu, 06/15/2023 - 11:29 As companies adopt a cloud-first strategy and high-profile breaches hit the headlines, securing sensitive data has become a paramount business concern. The most effective way to ensure data security is through encryption and proper key management.