A leading U.S. bank regulator alerted banks to increasing online risks, especially ransomware attacks and other extortion campaigns, in a report published Monday, while advising firms to undertake cybersecurity measures to mitigate the risks. The Office of the Comptroller of the Currency (OCC), an independent bureau within the Department of Treasury that supervises all national…
Banking Regulator Warns of Increase in Ransomware Attacks
December 7, 2021
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Take Steps to Fend Off Ransomware Attacks, Federal Ministers Urge Canadians
OTTAWA—Citing a dramatic increase in ransomware attacks, several federal ministers are urging Canadians to bolster their cybersecurity practices. In an open letter today, the ministers encourage organizations to adopt the latest security measures, build a response plan and ensure information technology staff are well-prepared to respond to incidents. Canada is among the top countries affected…
Multiple Studies Find Remote Workers Following Poor Digital Security Protocols
Remote workers are aware of their responsibilities in maintaining digital security while accessing company networks a report has said, adding though that only a fifth are actually aware of sophisticated online threats. The report by U.S. tech company Unisys says that a lack of understanding of fundamental cybersecurity risks and threats is resulting in remote…
US to Partner With Israel to Combat Ransomware Attacks
November 15, 2021
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The U.S. Treasury Department said on Sunday it will partner with Israel to combat ransomware, with the two countries launching a joint task force to address cybersecurity. The task force will develop a memorandum of understanding supporting information sharing related to the financial sector, including cybersecurity regulations and threat intelligence, the Treasury Department said. The…
Former Kansas Water Facility Employee Pleads Guilty to Remotely Shutting Down Water System While ‘Intoxicated’
A former employee of a rural central Kansas water facility pleaded guilty on Wednesday to tampering with its computer system and shutting down the plant, the Justice Department announced. Wyatt Travnichek, 23, of Lorraine, pleaded guilty to one count of tampering with a public water system and one count of reckless damage to a protected computer system during…
Hacking Group Is Stealing Personal Data, Communications From Telecom Carriers, Researchers Find
A group of hackers has gained access to telecommunications infrastructure and is retrieving personal information and communications records, according to a report released Tuesday by cybersecurity company CrowdStrike. The group, known as “LightBasin,” has operated since at least 2016 and is “utilizing scanning/packet-capture tools to retrieve highly specific information from mobile communication infrastructure, such as…
Beijing Probing Didi Over National Security Risks Tied to its US Listing
October 11, 2021
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Beijing had launched cybersecurity probe into the Chinese ride-hailing giant Didi Chuxing to address national security risks arising from its public listing in the United States, according to Chinese state media reports. The Chinese moved to investigate Didi began just two days after its shares began trading on New York Stock Exchange in July, raising…
Pentagon’s Ex-Software Chief Denies Saying America Has ‘Lost Its AI Fight to China’
October 11, 2021
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The Pentagon’s first Chief Software Officer Nicolas Chaillan clarified comments he made about China’s artificial intelligence during an interview with the Financial Times, denying that he told the publication America had “lost its AI fight to China.” Chaillan resigned from his role at the Department of Defense early in September, which he said was in protest over the slow…
Former Pentagon Software Chief Denies Saying America Has ‘Lost Its AI Fight to China’
October 11, 2021
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The Pentagon’s former software chief has clarified comments he made about China’s artificial intelligence during an interview with the Financial Times, denying that he told the publication America had “lost its AI fight to China.” Nicolas Chaillan resigned from his role at the Department of Defense early in September, which he said was in protest over the slow pace of…
6 Ways to Protect Yourself From Cyber Theft
October is Cybersecurity Awareness Month, and this year marks an especially vulnerable time for consumers. The COVID-19 pandemic has brought with it a surge in cybercrime, according to Matt Donahue, a compliance and risk analyst at Sentient Digital, Inc., a technology solutions and IT managed services provider with offices in New Orleans and Norfolk. “Despite…
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