Even if a company has no operations in the U.S., it should follow the compliance guidance offered by the U.S. Department of Justice in June, says Benjamin Haley, partner at Covington & Burling LLP, an international law firm.
As ransomware continues to slam organizations, a lively debate has ensued about whether ransom payments should be banned in all cases. Attempting to ban ransom payments, however, likely would only make the problem worse.
As new payment trends emerge, such as the surge in ecommerce during the COVID-19 pandemic, payment card standards also must change, says Jeremy King of the PCI Security Standards Council, who will be a featured speaker at ISMG's Virtual Cybersecurity and Fraud Summit: London on Oct. 20.
A report by New York state investigators calls for Twitter and other social media companies to implement greater cybersecurity measures and advocates greater federal regulatory oversight of social media companies to help prevent the misuse of their platforms.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
The latest edition of the ISMG Security Report analyzes why clothing retailer H&M was hit with a hefty fine for violating the EU's General Data Protection Rule. Also featured: The coming of age of digital identities; deputy CSO at Mastercard on top priorities for 2021.
John McAfee, the founder of the cybersecurity firm that bears his name who also is a serial entrepreneur and a former presidential candidate, has been charged with federal income tax evasion. Plus, the SEC is accusing him of promoting initial virtual coin offerings without disclosing he was paid to do so.
Privacy regulators in Germany have slammed clothing retailer H&M with a $41 million fine for collecting and retaining private employee data in violation of the EU's General Data Protection Regulation. H&M has apologized, instituted changes and promised to financially compensate employees.
In an exclusive interview, Roger Severino, director of the HHS Office for Civil Rights, which enforces HIPAA, spells out critical steps healthcare organizations must take to safeguard patient information and ensure patient safety in light of the surge in ransomware and other hacking incidents.
A Treasury Department advisory offers a reminder that financial institutions, cyber insurance firms and others that facilitate a ransom payment after a ransomware attack could face federal penalties. But the warning isn't necessarily a sign of a looming enforcement effort, some cybersecurity experts say.
The U.S. Government Accountability Office is urging Congress to pass legislation to reestablish a White House cybersecurity coordinator role. The position would coordinate the government's response to online attacks and other cybersecurity challenges facing the nation.
A recently uncovered phishing campaign used the European Union's General Data Protection Regulation as a lure to steal login credentials. The campaign enticed victims with subject lines indicating their email security system was not in compliance with the law, according to Area 1 Security.
The U.S. National Institute of Standards and Technology this week released a long-awaited guidance update, Special Publication 800-53 Revision 5, describing "next-generation security and privacy controls" and how to use them.
As the tally of reported heath data breaches related to the May ransomware attack on Blackbaud continues to climb, so do the number of lawsuits filed against the cloud-based fundraising software vendor.
A U.K. resident who was a member of The Dark Overlord hacking group pleaded guilty to federal charges Monday and was sentenced to five years in prison, according to the U.S. Justice Department. The group targeted several healthcare organizations and others.