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Many in mainstream media have characterized the DarkSide attack on Colonial Pipeline , which operates a significant portion of the nation’s critical energy infrastructure, as a wake-up call for CIOs and CISOs. Get the latest from CSO by signing up for our newsletters. ].
But a closer inspection of the facts is critical, and should temper sky-is-falling concerns that personal liability of CISOs is the new norm. RELATED: Data Breach Cover-Up: Uber's Former CSO Faces up to 8 Years Behind Bars ]. Sullivan's conviction should not be an existential crisis for CISOs and security professionals.
The May ransomware attack on Colonial Pipeline exposed the country’s significant vulnerability to cyberthreats. To read this article in full, please click here (Insider Story)
CISOs have plenty of issues on their minds, everything from building a secure infrastructure to blocking ransomware attacks to ensuring that internal staff doesn't misuse or steal data. To read this article in full, please click here (Insider Story)
Ransomware has increased nearly 1100% over the last year according to FortiGuard Labs research , impacting organizations of all sizes and across all market sectors. As a result, preparing for a ransomware attack has become a boardroom issue and a top priority for CISOs worldwide. To read this article in full, please click here
Dimitri Chichlo , CSO, BforeAI Chichlo Our networks remain fragile because of interdependence and the assumption that technology always works. Will we also see a wave of ransomware attacks that follow? Right now we are dealing with outages at airlines and other critical businesses. Time will tell.
Ransomware plagues financial institutions as they face increasingly complex threats over previous years owing to the changing behavior of cybercriminal cartels, according to VMware's latest Modern Bank Heists report. To read this article in full, please click here
Every quarter, we interview CISOs and ask them what is top of mind and what trends or challenges they are experiencing in the threat landscape. From this, we create the CISO Insider — an actionable report that explores the top three issues that are most relevant in today’s threat landscape.
Ransomware and data breaches pose a massive risk to organizations, resulting in loss of customer trust and shareholder value, reputation damage, hefty fines, and penalties. More than half ( 61% ) of CISOs report to a board and board members are increasingly interested in what CISOs have to say.
The post Ransomware and the C-I-A Triad appeared first on Security Boulevard. You have the data exfiltration attacks, where copies of sensitive personal information and intellectual property are stolen, often without the victims’ knowledge since the original data are left intact.
In this Spotlight Podcast, host Paul Roberts talks with Chris Walcutt, the CSO of DirectDefense about the rising cyber threats facing operational technology (OT) and how organizations that manage OT - including critical infrastructure owners can best manage increased cyber risks to OT environments. Read the whole entry. »
The Krebses—Chris and Brian—are not related, but they have both come out with positions on ransomware. I described Chris Krebs’s position on addressing ransomware […]. The post Krebs on Ransomware appeared first on Security Boulevard.
The hybrid working model, fast-paced digitalization, and increased number of ransomware incidents have changed the security landscape, making CISOs' jobs more complex than ever. The past few years have seen a dramatic shift in how organizations protect themselves against attackers.
As we head into the unofficial start of summer, it does not appear the criminal groups that run ransomware schemes are planning to take any time to rest. Ransomware was all over the infosec news headlines in the past week, with one new report revealing that its presence has grown more in the last year than in the past several years combined.
Ransomware continued its ruthless path across industries, often putting lives at risk. Ransomware attacks have also become increasingly simple to carry out with toolkits, such as in the case of the Colonial Pipeline attack that disrupted businesses and daily life for many businesses and individuals.
CISOs report a growing focus on managing AI-generated vulnerabilities and addressing insider threats amplified by the misuse of advanced AI tools. Some key insights from the survey: Ransomware and phishing remain top threats, but AI-generated attacks are rapidly gaining ground. Promote the CISO's role in digital transformation.
CISOs of companies both small and large understand how intellectual property (IP) and company infrastructure may be targeted from one of four vectors: malevolent insiders, unscrupulous competitors, criminals, or nation states.
“Having a risk management framework is essential, because risk can never be totally eliminated; it can only be effectively managed,” says Arvind Raman, CISO at telecommunications company Mitel Networks. To read this article in full, please click here (Insider Story)
There’s also the increase in the sheer volume of cyber attacks to contend with; between July 2020 and June 2021, there was a 1,070% increase in ransomware attacks alone. [1] 1] For Chief Information Security Officers (CISOs), this has created a variety of new challenges to contend with.
Bridge the Gap with Cisco: Best Practices for Balancing Productivity and Security Stolen credentials and unpatched software are common attack vectors used by cybercriminals in many types of attacks, including ransomware. Wendy will give the CISO perspective on how to build a sustainable, ongoing program using evidence-based practices.
The Asian edition of The State of Cyber Resilience report, which had over 660 participants, including CEOs, CISOs, and risk managers, revealed that companies in Asia have experienced a far higher number of privacy breaches (28%) and denial of service attacks (21%) as compared to their global peers (18% and 14% respectively).
While in past years, InfoSec was previously the focus and CISOs were the norm – we’re moving to a new cybersecurity world order that expands the role of the CISO to a CSO (Chief Security Officer). Ransomware becomes the most feared adversary.
During the next 12 months, HP anticipates an increase in cyberthreats such as human-made ransomware, message hijacking, unintentional insider threats, corporate email corruption, and “whaling” attacks.
Seasoned CISOs/CSOs understand the importance of effectively communicating cyber risk and the need for investment in cybersecurity defense to the board of directors. To ensure cybersecurity becomes a strategic part of the corporate culture, it is crucial for CISOs to present the topic in a clear, concise, and compelling manner.
As the frequency and severity of ransomware, phishing, and denial of service attacks have increased, demand for and conditions relating to coverage have evolved. The emergence of InsurSec technology reflects a cyber insurance landscape that has seen significant change recently.
By Konrad Fellmann, CISO and VP of IT infrastructure, Cubic Corporation. This is why we consider ransomware to be a significant threat to not only transit agencies but all enterprises and government agencies. We are living in a time where every person and business is vulnerable to cyberthreats. and global) commerce and cities to run.
Plus, a PwC study says increased collaboration between CISOs and fellow CxOs boosts cyber resilience. When bad actors exploit these exposures, incidents commonly include application disruptions, full system takeovers, and DDoS attacks that are often associated with ransomware,” the statement reads.
This breach, like every major ransomware attack, was likely because of spear phishing, where someone either received the malware via an emailed attachment or clicked on a link that took them to a website that hosted it. This was how the Sony Pictures ransomware hack also took place in late 2014 and since. Ransomware is at the top.
» Related Stories Spotlight Podcast: QOMPLX CISO Andy Jaquith on COVID, Ransomware and Resilience Spotlight Podcast: RSA President Rohit Ghai warns Digital Transformation is magnifying Enterprise Risk Ahead of Black Hat: Fear and Pessimism in Las Vegas. Also joining us: Sam Curry, the CSO of Cybereason.
Those issues continue to exist in ChatGPT, and both can be tricked into creating ransomware , obfuscating malware , and other exploits, they said. Those issues continue to exist in ChatGPT, and both can be tricked into creating ransomware , obfuscating malware , and other exploits, they said.
It was apropos that Ray Yepes, newly appointed CISO for the State of Colorado, opened the 2022 SecureWorld Denver conference on October 6th. Ray Yepes, CISO for the State of Colorado, presents the opening keynote. Down the hall, Brenden Smith, CISO at FirstBank, presented "Revisiting Deception Systems: Enterprise Use Cases."
And get the latest on CISA’s international plan, Interpol’s cyber crackdown and ransomware trends. Global Ransomware Incidents in 2023 Another takeaway: The ransomware-as-a-service (RaaS) model continued to prove extremely profitable in 2023, and it injected dynamism into the ransomware ecosystem.
Under the guidance of Dan Meacham, VP of Global Security and Corporate Operations and CSO/CISO, the multi-billion dollar organization transitioned from on-premises data centers to the cloud in 2012. If I see 2,000 files change in 30 seconds, that’s a huge red flag indicating ransomware or some other type of attack.
Deploy Genuine and Elegant Ransomware Protection As the ransomware threats continue to grow as we observed with the recent WannaCry, NotPetya and other recent cyber disasters, Spinbackup offers the most innovative and unique cloud security Backup & and Ransomware protection for cloud environments.
It was bound to happen: a supply-chain compromise, ala SolarWinds, has been combined with a ransomware assault, akin to Colonial Pipeline, with devasting implications. ’ In general, most of the attack reflected common ransomware tactics and tooling, except for the use of a zero-day vulnerability. Bryson Bort , CEO, SCYTHE.
Tyler Farrar , CISO, Exabeam Farrar Traditional SIEM solutions face numerous challenges with limited ability to adapt to new threats and attack vectors — and complex deployment and maintenance processes. Richard Bird , CSO, Traceable AI Bird The bad guys are showing no restraint in exploiting API security weakness to their advantage.
Ransomware remains a prominent threat, but the methods have evolved. Double extortion ransomware is now a preferred techniquea devastating one-two punch where attackers not only encrypt a companys data but also steal sensitive information.
The resulting increase in incidents of ransomware and other malicious cyberattacks that occurred were spurred on by the use of unsecured collaboration tools – systems that increased the risk of internal leaks in circumstances where access privileges and security protocols were not rigorously followed or enforced. Tyler Farrar ,CISO, Exabeam.
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