Cybersecurity Industry News Review – March 21, 2023

KillNet is bad for your health, TikTok facing further bans, ransomware impacts cancer test results, Russia allegedly increasing its cyberwarfare efforts. By Joe Fay Microsoft Demonstrates How KillNet Is Bad for Our Healthcare Sector Microsoft has highlighted a rise in DDoS attacks on healthcare organizations, mapping a three-fold increase in attacks over three months. It said it tracked 10 to 20 attacks per day on healthcare organizations on Azure in November but was seeing 40 to 60 per day in February. The attack mix changed over this time, it added, with over half of attacks now being UDP floods, with…

March 21, 2023
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Regulatory Harmonization in Cyber Incident Reporting: Best Idea for Security?

In March 2022, the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) was enacted in the U.S. with a clear purpose to improve the nation’s cybersecurity by requiring covered entities to report significant cyber incidents, including payments made for ransomware attacks. The law, and its rulemaking that is required of the Department of Homeland Security’s […]

March 21, 2023
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SVB Collapse: A Stark Warning for Technology and Cybersecurity Startups!

By Dave Cartwright, CISSP A week is a long time in most business sectors. In the intertwined world of banking and startups, it feels like an eternity as both sides deal with the fallout from the collapse of Silicon Valley Bank (SVB); the financial crisis impacting a myriad of startups suffering cashflow loss and disruption, with other banks now seemingly in poor shape after experiencing runs. For the technology and cybersecurity startups, not just those in California, that used SVB as their banker or lender (or both), its failure could delay or derail at least part of the next wave…

March 17, 2023
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Latest Cyberthreats and Advisories – March 17, 2023

Cybercriminals pounce on SVB collapse, privacy concerns around ChatGPT and the FBI warns of a rise in crypto scams. Here are the latest threats and advisories for the week of March 17, 2023. By John Weiler Threat Advisories and Alerts FBI Warning: Cryptocurrency Investment Schemes on the Rise The U.S. Federal Bureau of Investigation (FBI) is warning internet users of an increase in cryptocurrency investment scam schemes, which defrauded victims of over $2 billion in 2022. Cybercriminals (usually located overseas) use social media platforms, dating apps, professional networking apps and other online means to connect with targets. The criminals then…

March 17, 2023
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