cybersecurity News

Web-Connected Devices May Have to Meet New EU Cybersecurity Rules

Providers of internet-connected technology – from Apple iPhone software to baby monitors – will have to meet new cybersecurity requirements in the European Union or face fines and possibly have the product taken off the market, according to a draft …

KeyBank Reports Hackers of Third-Party Provider Stole Customer Data

Hackers stole personal data including Social Security numbers, addresses and account numbers of home mortgage holders at KeyBank, the bank reports, in the breach of a third-party vendor that serves multiple corporate clients. The hackers obtained the information on July …

Asset Manager Lombard Odier Adds ESG Screens After ‘Shocking’ Cyber Report

Lombard Odier Investment Managers said the “shocking” results of an analysis into cybersecurity risks lurking in portfolio companies have led it to apply ESG processes far more broadly to protect its funds from losses. The Swiss asset manager is now …

More Frequent, More Expensive Cyberattacks Spur US Spending on IT

A new study from insurer Hiscox shows that cyberattacks on U.S. businesses are more frequent and more expensive than ever before. The annual Hiscox Cyber Readiness Report, which gauges businesses’ preparedness to combat cyber incidents and breaches, surveyed over 5,000 …

‘Tape or Chewing Gum:’ Twitter’s Lapses Echo Worldwide

From fire departments to governments, from school districts to corporations, from local utilities to grassroots organizers around the world, Twitter at its best is a tool to get a message out quickly, efficiently, directly. It’s also a constant risk-and-reward calculation. …

Robinhood Crypto to Pay New York $30M for Cybersecurity, Anti-Laundering Violations

Robinhood Crypto will pay a $30 million penalty to New York State for “significant failures” in its anti-money laundering obligations and cybersecurity compliance, according to the state’s financial services regulator. According to Superintendent of Financial Services Adrienne A. Harris, the …

Log4j Software Flaw ‘Endemic,’ New Cyber Safety Panel Says

A computer vulnerability discovered last year in a ubiquitous piece of software is an “endemic” problem that will pose security risks for potentially a decade or more, according to a new cybersecurity panel created by President Joe Biden. The Cyber …

Keeping Up With Demand for Cybersecurity Professionals

The pressure was on. Someone, somewhere, was attacking computer systems so customers couldn’t reach certain websites. In a windowless room in Denver, Zack Privette had worked all morning with his security team to figure out what the cyber strangers were …

Cybersecurity Groups Push US to Boost Collaboration on Hacks

Business leaders and cybersecurity experts are pushing the Biden administration to step up efforts to quell big hacks against US companies. In a joint statement June 7, several of the groups said a public-private initiative created by the US Cybersecurity …

Cyber-Hygiene Confidence Low but Insurance Is Making an Impact: Survey

Nearly three quarters of global cyber-risk decision markers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber-risk mitigation efforts, just 3% rated their company’s cyber …