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GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.
Nigerian cyber gang SilverTerrier, specialized in BEC attacks, used COVID-19 lures in recent attacks on healthcare and government organizations. SilverTerrier has been active since at least 2014, it is a collective of over hundreds of individual threat actors. . “On April 8, 2020, we witnessed the most recent campaign by this actor.
Trend Micro revealed that the TA505 group that is behind the Dridex and Locky malware families continue to make small changes to its operations. In the middle of July, Trend Micro observed for the first time attacks leveraging. and which used emails with subjects pertaining to finance or urgent concerns on insurance policies.
“This trend is believed to be a response to the encouragement from ALPHV Blackcat administrators, who urged affiliates to focus their efforts on hospitals following operational actions against the group and its infrastructure in early December 2023.” ” reads the joint advisory. reads the press release. “To
Trend Micro reported that the Earth Longzhi group, a previously undocumented subgroup of APT41, targets Ukraine and Asian Countries. Early this year, Trend Micro investigated a security breach suffered by a company in Taiwan. ” reads the analysis published by Trend Micro.
based supplier of identity access management (IAM) systems, which recently announced a partnership with Omada, a Copenhagen-based provider of identity governance administration (IGA) solutions. Governance and attestation quickly became a very big deal. Compliance became a huge driver for governance and attestation,” Curcio said. “It
This trend was confirmed by the 2024 Data Breach Investigations Report : Verizon found a significant jump in ransomware/extortion attacks compared to the 2023 report. So, I sat down with cyber incident responder Vanessa Horton to get her expert insights into this trend. What ransomware trends have you noticed?
Group-IB, has analyzed key recent changes to the global cyberthreat landscape in the “Hi-Tech Crime Trends 2019/2020” report. According to Group-IB’s experts, the most frustrating trend of 2019 was the use of cyberweapons in military operations. The threat actor mainly targets insurance, consulting, and construction companies.
One trend we’ve seen in recent years is a massive surge in cases of sextortion. Exploitation drivers From the case of Hegestratos committing insurance fraud by sinking a ship in 300 B.C., The advancement of fraud has materialized parallel to that of currency.
Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP. Digital Transformation is More Than Scanning Paper Documents.
2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.
DataLocker honed its patented approach to manufacturing encrypted portable drives and landed some key military and government clients early on; the company has continued branching out ever since. Park: The trend nowadays is to move everything to the cloud. LW: Where do encrypted drives typically come into play in a business setting?
Cyber insurance will become more popular and more comprehensive. It’s led to a growing trend for organisations to purchase cyber insurance, which Forbes contributor Emil Sayegh believes will continue in 2022. This market squeeze will certainly affect the cyber insurance industry itself. “We
Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. Kentucky Governor Andy Beshear signed House Bill 474 into law, and Maryland Governor Larry Hogan signed SB 207.
More good news: there’s a trend toward increasingly proficient MSSPs stepping forward to help SMBs, mid-market enterprises and large enterprises do this. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies? Erin: What role should governments play in combating cybercrime?
The digital transformation “mega trends”. When considering the emerging challenges, Sunil and I highlighted three “mega trends that are conflicting with each other and create explosive potential situations.” These trends are: The massive amount of data produced by organizations. It is now the normal way of doing business.
The healthcare industry faces arguably the highest stakes when it comes to data governance. The impact of healthcare data usage on people’s lives lies at the heart of why data governance in healthcare is so crucial.In healthcare, managing the accuracy, quality and integrity of data is the focus of data governance.
Some of the user groups Collibra offers: Industry-specific groups: Financial services, healthcare, life sciences, insurance, higher education and more Regional groups: Chicago, UK, Canada, Benelux and Nordics, DACH (and growing!) In the fast-paced world of data, its easy to feel like were solving problems in a silo.
The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. Nevertheless, it’s a clear trend change. Let’s look at: Possible reasons for this trend change; Why it is worrying; and Five ways for organisations to improve their security without breaking the bank. Specifically, a 13.4% Specifically, a 13.4%
The direction of document processing automation over the next three years is definitely trending away from paper to a more digitally focused approach; 70% of survey respondents indicate that they plan to expand document processing to include more digitally-born documents this year. FREE Infographic: Intelligent Automation Trends].
” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. Cyber Regulations Could Bring Fairness.
IT and Online Services Emails Drive Dangerous Attack Trend This last quarter's results reflect the shift to IT and online service notifications such as laptop refresh or account suspension notifications that can affect your end users' daily work. The Snake peer-to-peer botnet had infected computers of some NATO member governments.
Local government agencies remain acutely exposed to being hacked. However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering. That’s long been true.
In 2023, we see six significant trends that considerably impact the legal industry. Trend #1: The Rise of AI Incorporating Artificial Intelligence (AI) technology into legal practice is no longer a “new” frontier. But it’s important to ensure that AI tools are utilized responsibly and ethically and that good governance is employed.
Palo Alto Networks has discovered that healthcare agencies, governments, universities with medical centres, medical publishing firms and insurance companies across the UK, Australia, Canada, Italy and the US have been targeted by sophisticated scams. The post Secure Together: Britons scammed out of £3.5
Cyberattacks are on the rise, with cyber criminal trends and techniques becoming increasingly sophisticated and creative. These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Ransomware. Other methods.
Palo Alto Networks discovered that healthcare agencies, governments, universities with medical centres, medical publishing firms and insurance companies have been targeted by sophisticated scams. The post Catches of the month: Phishing scams for June 2020 appeared first on IT Governance UK Blog.
With the increased focus on AI, organizations need to prepare for the future with strong AI governance to mitigate risks and increase ROI. Introducing Data Citizens ‘24 Many organizations are just at the beginning of their AI governance journey. AI governance: The world of AI is here. But how do you start?
The report cited that, "Reltio’s vision is to strategically go to market in B2B, B2C, insurance, financial services, healthcare, and life sciences with prebuilt connectors in corresponding velocity packs.”
Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Insurance & claims management. Audit management.
For instance, in response to sustainability trends, product manufacturers may need to prove the carbon footprint of their products to regulators and clients. Furthermore, Orion can be used for maintaining the authenticity and integrity of evidence collected through insurance claims processes.
In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat. Read the whole entry. »
Jump to our section on investor considerations and cybersecurity startup trends for more information. Open Raven analyzes data at rest, classifies inventory, and automates data governance as these become critical capabilities for the hybrid infrastructure’s security posture. Top 10 Cybersecurity Startups. Series B SECURITI.ai
We’ve nurtured a data-driven culture, encouraged the participation of data citizens, and traveled from data governance to Data Intelligence. . Identifies and rolls out a data governance framework . As with Collibra, the data office must be adapted to each company’s unique characteristics, from broad market trends to internal politics.
year in a row, eDiscovery Daily is here to report about the latest eDiscovery trends being discussed at the show. Sessions in the main conference tracks include: 1:00pm – 2:00pm: The Government Reference Model. Businesses facing government investigations require specialized and experienced support. Data governance.
Yet along that path there will be numerous obstacles to overcome – chiefly related to data privacy and governance. The Internet-of-Things has the potential to transform a range of industries – from automotive and agriculture through to healthcare, home appliances and insurance services. Data governance holds the key.
This visibility into attacks trending for your organization can help inform staff moving forward of what to expect. Toward the end of 2020, Comparitech collected and shared dozens of insights into ransomware figures and trends over the last few years. Trend Micro : Trend Micro RansomBuster. Statistics.
Finance and insurance finished a close second at 22.4%. Finance and insurance companies were particularly vulnerable to the sort of phishing scams we’re talking about. In 2020 alone, 79 ransomware attacks were conducted against government entities in the U.S., of cyber attacks IBM handled. 70% of attacks were on banks.
On 11 August 2023, India’s long-awaited law governing data protection – the Digital Personal Data Protection Act, 2023 ( DPDP Act ) – received the President’s assent and was published in the official gazette the following day. payments, insurance etc).
Sector overview Most-breached sectors (by number of incidents) # Sector Incidents 1 Other 34 30% 2 Healthcare 31 27% 3 Education 16 14% 4 (tie) Media and telecoms 12 11% 4 (tie) Public and non-profit 12 11% 6 Legal 5 4% 7 Finance and insurance 4 4% Note: The percentages add up to 101% due to rounding.
The fallout from this breach has the potential to ripple through societies globally, with far-reaching consequences for individuals, businesses, and governments alike. The implications of such massive data exposure are far-reaching, potentially impacting individuals, businesses, and governments globally.
5 Key Trends to Shape Your 2018 Information Management Plans. Getting Ahead of the Disruption Curve is Critical for Insurance Companies. Moving Beyond Good Intentions – How to Make Governance a Reality. The Achilles Heel of Many Content Management Implementations. What Are the Implications of Amazon's Platform Dominance?
It added: “We are working with local law enforcement, GEMA, GBI, and insurance officials to recover the funds. The first three months of 2022 saw more than a million reported phishing attacks, according to the APWG’s Phishing Activity Trends Report. Phishing attacks reach all-time high, report finds. Get started.
Regulators, industry experts, and researchers provided insight into health privacy and security enforcement trends, emerging threats, and new tools at a recent conference focused on the Health Insurance Portability and Accountability (HIPAA) regulatory framework. Enforcement Trends and Priorities. Emerging Trends in Breaches.
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