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UK Suffers Third Highest Rate of Ransomware Attacks in the World

IT Governance

UK organisations suffer the third highest rate of ransomware attacks globally, with small businesses most at risk, a report by NordLocker has found. The other most vulnerable sectors were business services (23), construction (22), manufacturing (19) and transport (18). Why are small businesses at risk?

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Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

Cloud 78
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The Week in Cyber Security and Data Privacy: 30 October – 5 November 2023

IT Governance

When MOVEit was hacked by the Russian Cl0p ransomware gang in May, email addresses and links to government employee surveys were compromised. Records breached: 815,000,000 Milford Management Corp. LockBit has threatened to publish the data if Boeing doesn’t contact it – presumably, to pay a ransom. Boeing is “assessing the claim”.

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Weakness at the Network Edge: Mandiant Examines 2022’s Zero-Day Exploits

eSecurity Planet

A quarter were financially motivated, and three of those were linked to ransomware operations. Exploitation of enterprise IT zero-day vulnerabilities are continuing into 2023, led by a Fortra GoAnywhere zero-day that has been behind more than a hundred attacks by the Clop ransomware group.

Cloud 82
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10 things you must do to become cyber secure

IT Governance

Create a risk management regime. A risk management regime is a top-level framework for addressing security issues. You can reduce this risk by implementing policies and architectural and technical responses. As the NCSC notes, “any exchange of information carries with it a degree of risk that malware might be exchanged”.

Security 105
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Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs

Hunton Privacy

As part of the “risk assessment” requirements under Section 500.9 of the Proposed Amendments, Class A Companies must use external experts to conduct a risk assessment at least once every three years. A covered entity’s CISO must have adequate independence and authority to ensure cyber risks are appropriately managed.

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NYDFS proposes significant cybersecurity regulation amendments

Data Protection Report

The proposed changes mark a turn by NYDFS toward more specific, granular and prescriptive requirements notably with respect to governance, risk assessments and asset inventories (detailed below). Governance. Cybersecurity Risk Assessments. conduct an independent audit or their cybersecurity program at least annually.