According to the FBI, losses from investment scams surged 38% between 2022 and 2023. Fraudsters are using highly effective tactics, including sending text messages to lure victims to fake cryptocurrency platforms, said Ken Westbrook, founder and CEO of Stop Scams Alliance.
Many enterprises understand the potential risks of quantum computing. But few have begun actively planning or implementing post-quantum cryptography. The NIST PQC standardization process provides enterprises with guidance on adopting quantum-resistant algorithms, said David Close of Futurex.
A LinkedIn user has sued the company for flouting privacy requirements by allowing third-party companies to access user data - including Premium users' private messages - to train their artificial intelligence models. A LinkedIn spokesperson called the lawsuit "false claims with no merit."
Under the Trump administration, the proposed update to the HIPAA Security Rule - issued in the final weeks of the Biden administration - is likely to get trimmed but not totally cut, predicts regulatory attorney Sharon Klein of the law firm Blank Rome. What else should the health sector expect?
A Biden administration HIPAA Privacy Rule, which went into effect last June to restrict the disclosure of reproductive health information, is being challenged in federal court by the attorneys general of 15 states. The AGs are asking a Tennessee federal court to overturn the rule.
Authorities in Texas are investigating an insider incident at the Texas Health and Human Services Commission that led to the firing of seven employees, with investigation into hundreds of thousands of dollars in stolen funds and notification of a personal information breach affecting 61,000 people.
On his second day in office, U.S. President Donald Trump pardoned Ross Ulbricht, founder of Silk Road, an online marketplace tied to over $200 million in illegal bitcoin transactions. Ulbricht has been in federal prison since 2015, sentenced to life with no possibility of parole.
Regulations such as GDPR, HIPAA and CMMC have made security awareness training a staple of corporate security programs. But compliance is only part of the story. Organizations face an even deeper challenge: influencing employee behavior in ways that create a truly secure workplace.
The European Commission has a new action plan to strengthen cybersecurity of hospitals and other healthcare providers in the European Union amid rising cyberthreats and attacks. The plan includes a cybersecurity support center to offer guidance and other resources to the EU's health sector.
President Donald Trump on the first day of his second term fulfilled a campaign promise to rescind a 2023 Biden executive order designed to curb the risk posed by artificial intelligence models to consumers and national security. The Trump administration has not yet previewed any replacement.
Senate confirmation hearings have not yet been set for President Donald Trump's pick to lead the U.S. Department of Health and Human Services. But that hasn't stopped at least one lawmaker from already firing off an extensive list of questions to Robert F. Kennedy Jr., including about HIPAA.
A decision by the Biden administration to limit international access to American-made advanced artificial intelligence chips is facing backlash from countries whose purchasing power the rule affects. New export controls seek to choke the supply of advanced chips to China.
In this week's update, ISMG editors discussed a U.K. proposal to mandate ransomware payment reporting, tackling financial crime by bringing together fraud and AML teams, and the global AI arms race as countries compete to lead innovation while balancing regulation and ethics.
The European Union's latest regulatory framework targeting the financial sector, called the Digital Operational Resilience Act, went into effect today, aiming to strengthen the cyber resilience of financial firms - such as banks, insurers and investment firms - and avoid disruptive IT outages.
The U.S. federal government said Friday it's traced the source of Chinese hacker intrusions into telecom networks to a government contractor located in hacking hotbed Sichuan. The Department of Treasury imposed sanctions on the firm, Sichuan Juxinhe Network Technology.
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