Most companies do not know how effectively they are investing money to fight the cybersecurity threat, according to Optiv. Cybersecurity budgets are increasing and cyber incidents are rampant, and yet only a small percentage of respondents have a formal approach to determining cybersecurity budgets, which can lead to inefficiencies and missed opportunities to address critical security gaps. Lack of formal approach to cybersecurity budgets Based on an independent Ponemon Institute survey, the report reveals a … More → The post Companies spend more on cybersecurity but struggle to track expenses appeared first on Help Net Security.

Settlement Is Another Signal of HHS OCR's Latest Enforcement PriorityThe U.S. Department of Health and Human Services has hit a Pennsylvania-based healthcare system with a $950,000 settlement for potential HIPAA violations found during an investigation into a 2017 ransomware attack. It's HHS' third HIPAA enforcement action in a ransomware case so far.

Global fintech and money transfer company Wise has confirmed the compromise of some of its customers' data as a result of the LockBit ransomware attack against U.S. banking-as-a-service provider Evolve Bank & Trust, with which it has shared USD account information between 2020 and 2023, TechCrunch reports.

Buy now, pay later loan company Affirm is warning that holders of its payment cards had their personal information exposed due to a data breach at its third-party issuer, Evolve Bank & Trust (Evolve). [...]

Texas jury found the carrier guilty of 5G and hotspot infringements

Notorious 'Andariel' crew takes a bite of HotCroissant backdoor for fresh attack A South Korean ERP vendor's product update server has been attacked and used to deliver malware instead of product updates, according to local infosec outfit AhnLab.…

The notorious hacking group Brain Cipher has released decryption keys for free, allowing victims to recover their encrypted data without paying a ransom. This unexpected move has left cybersecurity experts and affected organizations scrambling to understand the implications. "Is Your System Under Attack? Try Cynet XDR: Automated Detection & Response for Endpoints, Networks, & Users!"- Free […] The post Brain Cipher Released Decryption Keys for Free, Apologies to Indonesia appeared first on Cyber Security News.

A new malware strain disguised as cracks and commercial tools utilizes a just-in-time generation tactic, and upon a download request, a unique malware variant with the same functionalities is created for the user, which allows the malware to evade detection based on pre-compiled hashes.   The malware leverages an installer UI to delay malicious actions until […] The post New InnoSetup Malware posing As MS Office Crack To Evade detection appeared first on Cyber Security News.

IBM Consulting and Microsoft announce strengthened cybersecurity collaboration to help clients simplify and modernize their security operations, and manage and protect their hybrid cloud identities. As organizations embrace hybrid cloud and AI to drive innovation, they require advanced security capabilities to protect their most valuable data. By combining IBM Consulting’s cybersecurity services with Microsoft’s comprehensive security technology portfolio, the two companies are providing clients the tools and expertise needed to help them simplify and modernize … More → The post IBM Consulting partners with Microsoft to help clients modernize security operations appeared first on Help Net Security.

Researchers identified a new variant of credit card skimming attack, the Caesar Cipher Skimmer, targeting multiple content management systems (CMS), including WordPress, Magento, and OpenCart.  The skimmer specifically targets the checkout process, injecting malicious code into the checkout PHP file, as the attack leverages obfuscated strings and a Caesar Cipher technique to hide its malicious […] The post New Skimmer Malware Attacking E-commerce WebSites To Steal Credit Card Data appeared first on Cyber Security News.

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Landlines. Checkbooks. AM radio. Let's add third-party antivirus software to the list of things you can stop using.

The EU Commission said Meta’s pay or consent model means users cannot freely consent to their personal data being collected for advertising purposes

The EU Council has now passed a 4th term without passing its controversial message-scanning proposal. The just-concluded Belgian Presidency failed to broker a deal that would push forward this regulation, which has now been debated in the EU for more than two years.  For all those who have reached out to sign the “Don’t Scan Me” petition, thank you—your voice is being heard. News reports indicate the sponsors of this flawed proposal withdrew it because they couldn’t get a majority of member states to support it.  Now, it’s time to stop attempting to compromise encryption in the name of public safety. EFF has opposed this legislation from the start. Today, we’ve published a statement, along with EU civil society groups, explaining why this flawed proposal should be withdrawn.   The scanning proposal would create “detection orders” that allow for messages, files, and photos from hundreds of millions of users around the world to be compared to government databases of child abuse images. At some points during the debate, EU officials even suggested using AI to scan text conversations and predict who would engage in child abuse. That’s one of the reasons why some opponents have labeled the proposal “chat control.”  There’s scant public support for government file-scanning systems that break encryption. Nor is there support in EU law. People who need secure communications the most—lawyers, journalists, human rights workers, political[...]

The SEC has filed a lawsuit against Consensys alleging its MetaMask swaps service makes it an unregistered broker. The post SEC tries to expand crypto jurisdiction with Consensys lawsuit appeared first on Protos.

Full system takeovers on the cards, for those with enough patience to pull it off Glibc-based Linux systems are vulnerable to a new bug (CVE-2024-6387) in OpenSSH's server (sshd) and should upgrade to the latest version.…

This is a Linux/portable port of OpenBSD's excellent OpenSSH. OpenSSH is based on the last free version of Tatu Ylonen's SSH with all patent-encumbered algorithms removed, all known security bugs fixed, new features reintroduced, and many other clean-ups.

Paul Kiernan / Wall Street Journal: The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying  —  Treasury finalizes rules to deter crypto tax evasion—but softens them after industry lobbying push