Accounting statement fraud is hard to catch, typically requiring specialized anti-fraud tools and an understanding of how fraudsters think. In this second installment on accounting fraud, a panel of experts discussed the tools available and why you need fraud expertise to build an effective system.
Swedish data privacy officials issued fines against two of four companies found to have violated rules against the export of European users' data due to their use of Google Analytics, which was found to contravene EU privacy regulations due to the potential risks of U.S. government surveillance.
Financial services organizations face unique cloud security challenges, due to special regulatory, data security and privacy considerations that don't necessarily apply to other industries. Security and payments experts with overlapping skill sets unpack the challenges and how to deal with them.
Critical services in the Netherlands could be a potential target of ransomware and hacktivist attackers with ties to Russia as a means to sow large-scale disruptions in the country, according to a Dutch National Cyber Security Center warning this week.
Big banks want social media firms to take accountability for scams that occur on their payment platforms, but that doesn’t mean reimbursing victims. Banks need to take the lead in making victims whole quickly. And big tech and telcos need to kick the scammers out of their platforms.
The United Kingdom's national cybersecurity agency on Friday marked the 20th anniversary of its response to the first-ever cyberattack against the government by disclosing how government agencies responded. The incident paved way for the launch of the National Cyber Security Center in 2016.
The European Commission is set to finalize its digital wallet initiative after the proposal achieved political consensus on the core elements concerning its implementation. The latest digital monetary initiative comes as Europe rolls out plans for a digital euro.
In the latest weekly update, ISMG editors discuss the potential fallout from an SEC investigation of SolarWinds and its CFO and CISO, why the number of individuals affected by Clop's campaign against MOVEit is on the rise, and highlights from InfoSecurity Europe.
This week, the U.S. sanctioned Russians running influence campaigns, the owner of the Monopoly darknet drug market was charged, CISA ordered federal agencies to patch flaws before July 13, Suncor Energy suffered a cyberattack and Petro-Canada gas stations were affected.
The sensitive personal information of about 1.1 million National Health Service patients including trauma patients and victims of terrorism is reportedly among data compromised in a recent cyberattack on the United Kingdom's University of Manchester. The incident also affected students and alumni.
This week's crypto roundup includes DeFi hacks and scams in the second quarter of 2023, FTX and SBF, Justby in the CFTC's crosshairs, and JokerSpy in a Japanese exchange. Also, the IMF says a crypto ban won't curb risk, Binance won't delist privacy coins, and EU banks have new capital requirements.
The Irish government has proposed a number of measures to strengthen the country's top cyber agency's abilities to tackle ransomware and other cyberthreats. The National Security Strategy lays out 18 new action plans intended to augment the National Cyber Security Center's capabilities.
Federal regulators have issued a warning about a vulnerability in medical device maker Medtronic's Paceart Optima System which, if exploited, could lead to a denial-of-service or remote code execution affecting the system's cardiac device data.
A firm that provides coding and billing services to healthcare entities has agreed to pay federal regulators a $75,000 fine and implement a corrective action plan in the wake of an exfiltration incident that compromised patient data contained in an unsecured network server.
A Cleveland-based healthcare system is notifying a not-yet-disclosed number of individuals about an incident involving unauthorized medical records access by an employee that continued for 15 years. The safety-net organization says the worker has been disciplined.
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