Recent trends reveal an alarming increase in the number of both public and private sector organizations making ransom payments to hackers deploying malware, particularly in the form of ransomware. These transactions often come with dire consequences that may not be widely recognized, raising critical questions about their efficacy and the…
NEW DELHI: The notorious ransomware group known as Bashe has claimed responsibility for a breach of ICICI Bank’s database, one of India’s most prominent banking institutions. Reports circulating on the dark web indicate that the hackers have imposed a ransom deadline of January 24, 2025, threatening to release sensitive customer…
A relatively obscure ransomware group known as Bashe, which may have ties to the notorious LockBit syndicate, has recently executed a cyberattack targeting ICICI Bank, a significant player in the Indian financial sector with a global footprint. Reports indicate that Bashe successfully infiltrated the bank’s systems and exfiltrated a portion…
Healthcare, Industry Specific, Standards, Regulations & Compliance New Initiative Targets Improved Cybersecurity for EU Health Sector Marianne Kolbasuk McGee (HealthInfoSec) • January 21, 2025 Image: European Commission The European Commission has unveiled a comprehensive “action plan” aimed at reinforcing cybersecurity across healthcare institutions throughout the European Union. This initiative arrives…
The British government is currently contemplating new legislation aimed at addressing the persistent issue of ransomware attacks. This proposed regulation would mandate that organizations report all payments made to ransomware groups and additionally prohibit public sector entities from paying such extortion demands altogether. Targeting critical national infrastructure and public sector…
Data Breaches Surge Amid Evolving Cyber Threats The frequency of data breaches is climbing as new forms of cyberattacks emerge, according to experts in the field. Dr. Peter Madnick from MIT highlights three predominant threats currently challenging enterprises: vulnerabilities associated with cloud storage, the rise of sophisticated ransomware, and vendor…
Data breaches are increasingly prevalent as novel forms of cyberattacks surface. According to Madnick from MIT, three primary threats are at the forefront: vulnerabilities in cloud environments, sophisticated ransomware, and the exploitation of vendors. Vulnerabilities in the Cloud. With approximately 60% of corporate data residing in cloud systems, companies often…
Fraud Management & Cybercrime, Ransomware, Regulation Also: Integrating AML and Fraud Initiatives; the Global AI Arms Race Anna Delaney (annamadeline) • January 17, 2025 Clockwise, from top left: Anna Delaney, Mathew Schwartz, Suparna Goswami, and Tony Morbin This week, editors at ISMG convened to analyze a proposal in the U.K.…
European officials are increasingly apprehensive about the future of US support for Ukraine and NATO in light of ongoing tensions with Russia and a conflict that has extended into the digital realm. The situation has been significantly impacted by the work of cybersecurity experts, including the team led by Nathaniel…
