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These technologies already exist, and they could let you securely prove specific facts about yourself without surrendering control of your whole identity. This isn’t just theoretically better than traditional usernames and passwords; the technologies represent a fundamental shift in how we think about digital trust and verification.
As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. To keep up, organizations must stay ahead of these developments.
Related: Technology and justice systems The U.S. Avaya Holdings , Check Point Software Technologies , and Mimecast Limited each minimized or obscured the extent of security breaches linked to the SolarWinds Orion hack, impacting investor trust and highlighting the critical importance of clear, truthful communication.
With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain. Hackers with access to quantum technology could potentially break existing cryptographic protocols, necessitating the development of quantum-resistant encryption.
Many healthcare providers now undergo annual security audits and risk assessments as required by regulators or cyber insurance providers. healthcare organizations in particular face strict breach notification laws and insurer requirements, which has led to high levels of security investment and r outine audits (most U.S.
The intermediaries claimed they used advanced algorithms, artificial intelligence, and other technologies, along with personal information about consumers to determine targeted prices. FTC chair Lina M.
Key Takeaways Technology risk now includes AI failures, cloud dependencies, and hidden vendor threats. Technology touches just about everything we do at work. As tech tools get smarter and more connected, understanding digital and technology risk has become part of doing business responsibly.
New tools are invented every day, and certain technologies are reaching market valuations that have never been seen before. These statistics reveal a significant shift in how organizations collect, process, store, and share data, utilizing automated intelligent technologies. The tech realm is continually evolving.
To mitigate risks, businesses will invest in modern, privacy-enhancing technologies (PETs), such as trusted execution environments (TEEs) and fully homomorphic encryption (FHE). Hoff Alex Hoff , Chief Strategy Officer, Auvik Networks As technology evolves, regulations struggle to keep pace, especially around AI and data privacy.
for stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. “My nickname was MikeMike, and I worked with Dmitri Golubov and made technologies for him,” Shefel said. “I’m also godfather of his second son.” ” Dmitri Golubov, circa 2005. Image: U.S.
A paradigm shift in technology is hurtling towards us, and it could change everything we know about cybersecurity. When ChatGPT was unveiled to the public in late 2022, security experts looked on with cautious optimism, excited about the new technology but concerned about its use in cyberattacks. Uhh, again, that is.
Since its emergence in 2021, Medusa has targeted over 300 victims across various critical infrastructure sectors, including medical, education, legal, insurance, technology, and manufacturing. What is Medusa ransomware?
Companies across industries are being sued for using widely available web technologies: session replay tools, analytics platforms, and advertising trackers. For insurers, this is a coverage minefield. It involves tracking pixelsand legal theories pulled from a time when Blockbuster Video was still a thing.
The DBIR breaks down breach trends across industries: Financial and Insurance: Heavily targeted by credential stuffing and phishing; fastest detection rates. There is a strong correlational reason cyber insurance underwriters care about those key controls and coverage in the application process. And attackers are counting on that."
It is also a celebration of Canadian thought leadership on very important business and technology topics that are directly impacting Canadians quality of life as well as their pocketbooks." Leverage cyber insurance to mitigate financial risks associated with supply chain attacks. Key findings: the cyber threat landscape in 2025 1.
As of February 2025, Medusa developers and affiliates have impacted over 300 victims from a variety of critical infrastructure sectors with affected industries including medical, education, legal, insurance, technology, and manufacturing.” ” reads the joint advisory.
“The investigation confirmed that a cybersecurity event caused the technology issues, resulting in access to or removal of certain files and folders from the HSCs network between September 17 and September 29, 2024.” ” reads the notice of security breach published by the HSCs.
Governance pressure joining technology risk Capitol Hill is circulating a draft "Cyber Hygiene Safe Harbor" bill: firms demonstrating secure-by-design practices would gain liability shields after nation-state incidents. Translation: regulators, and insurers, are shifting the burden of proof to corporate directors, not federal responders.
Im seeing more interest in vCISO roles where leaders come in as contractors with their own liability insurance and enabling business transformation without putting their career on the line. How should CISOs prepare themselves contractually and strategically to avoid being next? TOUT: Perfect questionand a timely one.
National Institute of Standards and Technology (NIST) SP 800-53 Rev. They stress the need for secure data transmission using technologies like TLS 1.2+ It mandates robust authentication methods, including mutual TLS (mTLS), and stringent access restrictions for APIs interacting with operational technology (OT) systems.
The bigger risk is a skills gap, as security professionals must now understand both traditional threats and AI-driven technologies. "AI George Wang , CMO, Peterson Technology Partners, will present on "The Impact of AI on Cybersecurity Roles, Retention, and Culture" at the SecureWorld Chicago conferences on May 21st.
As operational technology (OT) networks converge with traditional IT, the "air gaps" that once insulated plant floors have shrunk to a few routed packets. The cybersecurity gaps in critical infrastructure (and how attackers slip through) Legacy technology is the soft underbelly of critical infrastructure.
A conservative approach focusing on proven solutions over untested technologies is key to mitigating these evolving threats Ventura Jeremy Ventura , Field CISO, Myriad360 Cybersecurity incidents in 2024 highlighted the rising threat of third-party supply chain attacks, emphasizing the need for vendor visibility and risk assessments.
CISA adds ScienceLogic SL1 flaw to its Known Exploited Vulnerabilities catalog VMware failed to fully address vCenter Server RCE flaw CVE-2024-38812 Cisco states that data published on cybercrime forum was taken from public-facing DevHub environment Internet Archive was breached twice in a month Unknown threat actors exploit Roundcube Webmail flaw (..)
This likely relates to the sector’s reliance on legacy systems and operational technologies, which complicate updates and incident response and are only magnified during M&A. By contrast, the finance and insurance; professional, scientific, and technical services (PSTS); and retail trade sectors accounted for 8% each.
Case in Point : In 2019, First American Title Insurance Company experienced a significant data exposure incident, revealing sensitive customer documents due to a vulnerability in their document-sharing application. A $3 million penalty was levied against an insurance company for delayed incident reporting.
Some of the most important are Gramm-Leach-Bliley Act ( GLBA ), the National Association of Insurance Commissioners ( NAIC ) Data Security Model Law, the New York Department of Financial Services ( NYDFS ) Cybersecurity Regulation, and the National Credit Union Administration ( NCUA ) cybersecurity guidance.
The Dangers of Emerging Technology Trends When asked about emerging concerns, quantum computing threats came up unsurprisingly. These organizations must contend with sophisticated threats and challenges in banking, insurance, investment banking, or securities.
Others are driven by contracts, regulations, or insurance requirements. Cyber insurance providers and B2B clients increasingly expect formal certification- especially in sectors like finance, SaaS, healthcare, and defense. Every year, thousands of organizations go through the same ISO 27001 compliance process. Train your people.
com belonged to a South Korean ISP until 2020 and was the legitimate domain of an insurance company that was acquired by another company. In addition to this, we also found that two domains that were exploited as C2 servers for SIGNBT 0.0.1 resolved to the same hosting company’s IP range. We confirmed that the domain thek - portal [. ]
Cybersecurity is on the brink of significant transformation as we approach 2025, grappling with escalating complexities driven by advancements in technology, increasing geopolitical tensions, and the rapid adoption of AI and IoT. Ethics The ethical challenges posed by advancing AI technologies will demand urgent attention in 2025.
DORA establishes strict cybersecurity requirements for financial firms including banks , insurance companies and investment firms, as well as for third-parties that provide information and communications technology (ICT) products and services to financial sector organizations.
There has been a sharp decline in ransomware payouts, with only 11% of companies admitting to paying demands, which has been attributed to increased investment in backup and recovery technologies. The post Ransomware Payouts Decline as Security Maturity Rises appeared first on Security Boulevard.
Modernizing any institutional process is extremely hard , even when the technology is readily available and performant. If a bill about insurance repeatedly lists a variety of disaster categories, but leaves one out one time, AI can catch that. This enables a legislator to fill in more baroque detail on any given topic.
Staff Recommendation: Support SB 44 - Neural data and brain-computer interfaces SB 44 amends the CCPA to govern the collection and use of neural data by brain-computer interface technology. Businesses must use neural data solely for its original purpose and delete it once that purpose is fulfilled.
Set risk-based objectives Define outcome-driven goals depending on your people, processes and technology. To do this, you can run organizational surveys about security knowledge, conduct a baseline phishing simulation, and evaluate previous incidents. These targets will provide a clear way to track progress and demonstrate value.
Technology Alliances Complimentary or PKI-integrated strategic relationships with industry leading technology vendors. Moreover, with dramatic technological leaps being adopted by businesses, the sophistication of data threats has risen proportionately. Certificates Trusted digital certificates to support any and every use case.
based healthcare services and technology company that provides risk adjustment services, clinical data analytics, and medical record review solutions to health plans and healthcare organizations, particularly those operating in Medicare Advantage, Medicaid, and ACA markets. million individuals. Episource is a U.S.-based
If you want to go all out, the Prime plan adds NordProtect, with dark web monitoring, credit monitoring, and identity theft insurance. Some of ExpressVPNs features include anti-tracking technology, DNS leak protection, and dynamically signed IP addresses. Learn more about virtual private networks in our guide to how a VPN works.
NCSC CEO, Richard Horne reinforced the point , saying: “In today’s digital world, where organisations increasingly rely on data and technology, cyber security is not just an IT concern — it is a business-critical risk, on a par with financial and legal challenges.” This isn’t aspirational, it’s operational.
Drawing on reports from the World Economic Forum, the Verizon Data Breach Investigations Report and Hiscox Insurance, Brian painted a picture of what that dark side looks like. And if they are going to use the technology, they need to think about copyright issues in case data to train those models has been taken without permission.
As new technologies are regularly adopted, they come accompanied by new threats. It gives security leaders the processes and technologies they need to continuously assess the accessibility, exploitability and criticality of digital assets across all systems, applications, devices, resources and identities.
Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This is likely because threat actors perceive US-based organizations to be more financially capable of paying ransoms due to well-developed cyber insurance.
The Office of the Comptroller of the Currency (OCC), Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) integrate COSO principles into their guidance for banking institutions. Flexibility: Ensure your controls can adapt to changes in your business, such as growth, new technologies, or evolving regulations.
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