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.
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.
A Long Island, New York-based life sciences company has reported to the U.S. Securities and Exchange Commission that clinical test information of nearly 2.5 million individuals was compromised in a ransomware attack in April involving data exfiltration.
A community hospital and its clinics in rural Idaho are diverting ambulances and some patients to other facilities as the entities recover from a cyberattack discovered on Monday. The incident spotlights ongoing healthcare sector cyber challenges, especially in rural communities.
Many hospitals are still more reactive than proactive in terms of embracing recommended best practices that can advance their cybersecurity maturity level, said Steve Low, president of KLAS Research, and Ed Gaudet, CEO of consulting firm Censinet, who discuss findings of a recent benchmarking study.
Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.
Online sports retailer Sports Warehouse has agreed overhaul its security program and pay a $300,000 fine to New York State after hackers stole 20 years' worth of payment card data and customer information the company was storing in plaintext on its e-commerce server.
An insurance provider that services many state Medicaid agencies and the Children's Health Insurance Program told regulators that hackers compromised the personal and protected health information of nearly 9 million patients in an incident discovered in March.
Australian consumer lender Latitude Financial Services anticipates its spring cybersecurity incident will cost it up to AU$105 million, which includes a five-week period during which debt collection systems were severely affected by the attack.
An upstate New York medical specialty practice has reported to regulators that the information of nearly 224,500 employees and patients was compromised in a hacking incident discovered in March. Ransomware group RansomHouse claims to have downloaded 2 terabytes of the entity's data.
The American Hospital Association is urging federal regulators to back off from recent guidance that treats patient IP addresses as protected health information, saying that the new rules would "reduce public access to credible health information" and create hardships for doctors and hospitals.
Healthcare providers are struggling with protecting legacy medical devices against a rising tide of cyberthreats. New Health Sector Coordinating Council guidance can help, said Jessica Wilkerson of the Food and Drug Administration and Mike Powers of Intermountain Health.
Hospital chain CommonSpirit has upped its estimate on the financial toll incurred by a ransomware incident last fall that disrupted IT systems and patient services at some of its facilities for weeks. But company officials reportedly expect many of the costs to be covered by the company's insurance.
The U.S. government sanctioned four entities and one individual involved in helping to funnel payments from malicious activities to support the Democratic People's Republic of Korea government's illicit activities such as unlawful weapons of mass destruction and ballistic missile programs.