The Dutch central bank fined Coinbase 3.3 million euros, saying the U.S. cryptocurrency exchange failed to comply with the national anti-money laundering statute. Since May 2020, Dutch law has required crypto companies operating in the Netherlands to register as money transmitters.
A review of internet of things manufacturers by Copper House shows that European companies fared the worst in having vulnerability disclosure policies. The European Commission has proposed legislation known as the Cyber Resilience Act that would make vulnerability disclosure policies mandatory.
Payment regulations in Europe have forced retailers to implement strong authentication that's phishing-resistant and facilitates more customer understanding, says FIDO Alliance's Christina Hulka. This has spurred a push for clients to confirm what they're purchasing and how much they wish to spend.
A pro-Kremlin hacking group with a history of launching distributed denial-of-service attacks took its annoyance tactics to Germany following Berlin's announcement that it will ship Leopard 2 battle tanks to Ukraine's front lines. A German government spokesperson said the attacks had minimal effect.
In the latest weekly update, four ISMG editors discuss why it pays off to have well-practiced incident response plans, whether Chat GPT is a blessing or a curse for penetration testers and bug bounty hunters, and how Microsoft has reason to be cheerful as security sales hit $20 billion.
As ransomware continues to pummel numerous sectors, and lately especially the manufacturing industry, how does any given organization end up becoming a target or victim? Cybercrime watchers say the answer involves initial access brokers, botnets, targets of opportunity and, above all, profit.
A Montana healthcare entity has agreed to pay $4.3 million to settle a proposed class action lawsuit filed in the wake of a 2021 hacking incident affecting 214,000 individuals. The deal is the entity's second multimillion-dollar lawsuit settlement in the last four years involving a major breach.
A periodic stress test assessment of U.K. insurers by the Bank of England found underwriters mostly withstood extreme cyber events. Still, underwriters may not be operating from the same set of assumptions when it comes to the likelihood of having to manage an actual extreme cyber event.
OneSpan plans to purchase an Australian startup founded by a longtime Quest Software executive to securely store and vault documents based on blockchain technology. Melbourne, Victoria-based ProvenDB uses blockchain to deliver security that prevents data tampering and document alteration.
The increased physical connectivity of digital assets has expanded the attack surface and added complexity for engineers in industrial environments, says Dragos CEO Robert Lee. More industrial automation and new systems have made it tougher for plant operators to conduct root cause analysis.
Russian and Iranian state-sponsored hackers are using advanced social engineering tactics to target journalists, defense organizations and academic and civil society organizations in the U.K. for cyberespionage campaigns, the British National Cyber Security Center warns.
Two hacking breaches - one at a non-profit provider of foster care, mental health and substance treatment services, and the other at a provider of behavioral health services - have affected sensitive information of nearly 400,000 individuals.
Meta's popular social media platforms are increasingly being targeted by cybercriminals, and account takeover complaints rose over 1,000% last year. This social threat is spilling over into banks and government agencies, and experts criticize Meta for moving too slowly to address security issues.
While Russian military forces and allied groups continue to pummel Ukrainian targets with online attacks, security experts tracked a phishing and malware surge at the end of 2022, even as U.S. intelligence said the war was running at a "reduced tempo."