U.K. flag carrier British Airways informed employees that hackers had accessed data via payroll provider Zellis and the MOVEit vulnerability. (Image: Shutterstock)

Microsoft Attributes MOVEit Transfer Hack to Clop Affiliate

Jayant Chakravarti • June 5, 2023

Microsoft says an affiliate of the Russian-speaking Clop ransomware gang is behind a rash of attacks exploiting a recently patched vulnerability in Progress Software's MOVEit application. Known victims include British payroll provider Zellis, which says eight corporate customers were affected.

Governance & Risk Management

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Governance & Risk Management

Microsoft Pays $20M to Settle FTC COPPA Complaint

David Perera • June 5, 2023

Microsoft will pay $20 million to settle a U.S. federal investigation into whether the computing giant violated children's privacy protections during the XBox Live registration process. The Federal Trade Commission accused the company of a slew of infractions.

Governance & Risk Management

Psychiatry Practice Fined for Posting PHI Online

Marianne Kolbasuk McGee • June 5, 2023

Federal regulators have once again smacked a healthcare provider with a HIPAA settlement involving patient protected health information that was disclosed in response to a negative online review.

3rd Party Risk Management

Iowa Reports Third Big Vendor Breach This Year

Marianne Kolbasuk McGee • June 5, 2023

The Iowa Department of Health and Human Services has reported to federal regulators its third major health data breach involving a vendor since April. This time, Iowa HHS/Medicaid says the data of nearly 234,000 individuals was compromised in a mega hack recently reported by MCNA Insurance Co.

Next-Generation Technologies & Secure Development

How to Implement Large-Scale Security Programs Economically

Shipra Malhotra • June 5, 2023

Flipkart embraced a comprehensive security maturity program that incorporated defense-in-depth, automation, zero trust and secure SDLC/security-by-design principles across its four subsidiaries. Flipkart's Raakesh Thayyil discussed the importance of a cohesive strategy.

Standards, Regulations & Compliance

How Banks in Indonesia Are Preparing to Meet OJK Regulations

Suparna Goswami • June 5, 2023

OJK, the financial regulator in Indonesia, in December 2022 introduced regulations to ensure better cyber resilience for the financial industry. Wahyu Agung Prasetyo, IT and cyber risk management head at Bank Mega, shared how his bank is preparing to meet the regulations and the challenges ahead.

Cyberwarfare / Nation-State Attacks

Why Cyber Defenders Need Partnerships, Tools and Education

Steve King • June 5, 2023

In this episode of "Cybersecurity Insights," Lonnie Price of Peraton discusses the importance of partnerships between the public and private sectors to help Ukrainians with the war effort. He also shares how we can become better educated and more efficient as cyber defenders.

Business Continuity Management / Disaster Recovery

Why Rubrik Is Looking to Break Cybersecurity's IPO Dry Spell

Michael Novinson • June 5, 2023

Despite the beating new publicly traded security companies have taken during the economic downturn, Rubrik is looking to test its luck in the public market. Reuters reported Monday the firm is working with Goldman Sachs, Barclays and Citigroup in preparation for an IPO that could take place in 2024.

General Data Protection Regulation (GDPR)

Microsoft Sets Aside $425M for Anticipated GDPR Fine

David Perera • June 3, 2023

Microsoft is warning investors it may receive a fine from European privacy regulators adding up to at least hundreds of millions of dollars over targeted advertising on its LinkedIn social network. European authorities have shown increased willingness to use the GDPR to limit targeted advertising.

Cybercrime

Chinese APT Backdoor Bypasses Indonesian Antivirus

Jayant Chakravarti • June 2, 2023

A Chinese espionage threat group is using a novel backdoor to bypass popular Indonesian antivirus tool Smadav. Targets include European embassies in Southeast and East Asia. Smadav treats processes with no windows as suspect. The APT gets around that by opening a window not visible to users.

Leadership & Executive Communication

Integrating a People-Centric Security Culture at Microsoft

Rashmi Ramesh • June 2, 2023

Enterprise cybersecurity is no longer just about a siloed team of professionals securing the firm's systems and servers. Security has evolved into a key business consideration with people at its core, according to Suraj Jayaraman, Microsoft's director of cloud security architecture.

Security Information & Event Management (SIEM)

Insights From a Dual-Vendor, SaaS-Based SIEM Implementation

Shipra Malhotra • June 2, 2023

Flipkart Group companies achieved a uniform SOC implementation by adopting a single data ingestion point. This simplifies integration, log parsing and normalization challenges with two SaaS-based SIEM tools, minimizing device and data source modifications.

Leadership & Executive Communication

ISMG Editors: Why Communications Skills Matter for CISOs

Anna Delaney • June 2, 2023

In the latest weekly update, ISMG editors discuss why communication is vital to be an effective CISO in 2023, how the hack of Florida-based dental insurer MCNA affects nearly 9 million people, and how CyberArk is securing privileged users with a new browser.