Federal regulators have once again smacked a healthcare provider with a HIPAA settlement involving patient protected health information that was disclosed in response to a negative online review. Manasa Health Center will pay $30,000 and implement a corrective action plan, HHS said.
OJK, the financial regulator in Indonesia, in December 2022 introduced regulations to ensure better cyber resilience for the financial industry. Wahyu Agung Prasetyo, IT and cyber risk management head at Bank Mega, shared how his bank is preparing to meet the regulations and the challenges ahead.
In the era of digital transformation, banks’ security leaders are grappling with the challenges of maintaining a secure digital ecosystem while keeping costs down. With the explosion of touchpoints and data brought on by the digitization of money and services, the banking industry is now a prime target for...
UEBA solutions ingest operational data from many sources and use analytics such as machine learning (ML) and behavior analysis to determine what is normal behavior by human users and non-human entities operating in an enterprise network. Over time, the solution builds standard profiles of behavior for these users and...
Unlike other types of security threats, insider threats are complicated because only a few are caused intentionally, and they typically involve valid credential use. Beyond full- and part-time employees, insiders include contractors, vendors, customers, interns, and others who can be working on site or remote....
In the latest weekly update, ISMG editors discuss why communication is vital to be an effective CISO in 2023, how the hack of Florida-based dental insurer MCNA affects nearly 9 million people, and how CyberArk is securing privileged users with a new browser.
A Long Island, New York-based life sciences company has reported to the U.S. Securities and Exchange Commission that clinical test information of nearly 2.5 million individuals was compromised in a ransomware attack in April involving data exfiltration.
A community hospital and its clinics in rural Idaho are diverting ambulances and some patients to other facilities as the entities recover from a cyberattack discovered on Monday. The incident spotlights ongoing healthcare sector cyber challenges, especially in rural communities.
Banks are facing unprecedented challenges in securing their digital ecosystems while maintaining cost efficiency. With cybercriminals increasingly targeting the financial industry, banks face risks to their reputation as trustworthy partners. With data breach costs averaging nearly $6 million per incident, banks...
Many hospitals are still more reactive than proactive in terms of embracing recommended best practices that can advance their cybersecurity maturity level, said Steve Low, president of KLAS Research, and Ed Gaudet, CEO of consulting firm Censinet, who discuss findings of a recent benchmarking study.
Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.
Online sports retailer Sports Warehouse has agreed overhaul its security program and pay a $300,000 fine to New York State after hackers stole 20 years' worth of payment card data and customer information the company was storing in plaintext on its e-commerce server.
An insurance provider that services many state Medicaid agencies and the Children's Health Insurance Program told regulators that hackers compromised the personal and protected health information of nearly 9 million patients in an incident discovered in March.
Australian consumer lender Latitude Financial Services anticipates its spring cybersecurity incident will cost it up to AU$105 million, which includes a five-week period during which debt collection systems were severely affected by the attack.
An upstate New York medical specialty practice has reported to regulators that the information of nearly 224,500 employees and patients was compromised in a hacking incident discovered in March. Ransomware group RansomHouse claims to have downloaded 2 terabytes of the entity's data.