AI Alone Is Not the Answer to Cybersecurity; Humans Are Needed
The substantial rise in cybercrime in the past few years has generated a tremendous market for artificial intelligence (AI)-driven cybersecurity products. The global AI market totaled $428 billion in 2022 and is expected to surge to more than $2 trillion by 2030, according to Fortune Business Insights. The introduction of ... Read More
With Ransomware on the Rise, What’s a Company To Do?
Ransomware attacks are becoming more prevalent against companies of all industries. A large-scale survey shows that more than one-third of companies worldwide have been hit by one or more ransomware attacks or breaches in the past year. Companies know to protect themselves, but they continue to remain vulnerable to ransomware ... Read More
LastPass Hacked – What Now?
History of the Breach LastPass first disclosed details of the breach in August 2022, and they have issued several updates over the past months with the most recent being just before Christmas (Dec 22 2022). Here is a summary of each disclosure on that timeline: August 25, 2022 Unauthorized party ... Read More
Best of 2022: New HIPAA Regulations in 2022
While nothing has been confirmed yet, the Office for Civil Rights (OCR) issued a Notice of Proposed Rulemaking (NPRM) on Dec. 10, 2020, that proposed changes to HIPAA regulations and the HIPAA Privacy Rule. A final rule is expected to be issued in 2022; however, an effective date is yet ... Read More
The State of Cybersecurity in Retail
Most industries are learning to navigate new operations post-pandemic. To respond to shoppers’ needs, many retailers are offering a mix of brick and mortar and e-commerce stores. But as retail businesses expand, so does the attack surface. Every single outlet, store, website, and social media account is a potential target ... Read More
Retailers Prepare for the Holiday Season — and Cybersecurity Threats
The holiday shopping season brings an annual surge in sales and revenue for retailers. With it, comes a threat worse than coal in your stocking: cyberattacks. During the holidays, retailers experience the anxiety of managing a larger volume of transactions, delivering the perfect consumer experience, and ensuring all orders are ... Read More
Downgraded but Still Dangerous: Continue to Take the OpenSSL Vulnerabilities Very Seriously
Do you know where you’re using OpenSSL versions 3.0.0 through 3.0.6 in your environments? The latest critical vulnerability to hit the news, in a recent flood of zero-days and high-profile vulnerabilities, is OpenSSL versions 3.0.0 through 3.0.6, and like the other scary security flaws, it’s not something organizations can afford ... Read More
Safeguards Rule: 9 Steps to Compliance for Auto Dealerships
Automobile dealerships collect and store large amounts of consumer data, including Social Security numbers, bank account information, and credit applications, so it’s no wonder that they’re prime targets for cyberattacks. The average ransomware payout for a dealership is $228,125, up 8% from first quarter of 2021, according to a 2022 ... Read More
The State of Cybersecurity in Education
With the onset of the pandemic, education changed. K-12 schools and higher education institutions ushered in remote learning, accommodated the influx of internet-connected devices, worked to safeguard the data of students, teachers, and administrators from an increasing number of cyberattacks, and more. Today, the education industry is still feeling the ... Read More
The Preventable Scam: Fraudulent Wire Transfer
Pondurance CEO Doug Howard recently had the opportunity to talk with friend and Pondurance business partner, Rick Borden, on the topic of fraudulent wire transfers. Rick is Counsel with the law firm Willkie Farr & Gallagher LLP, specializing in cybersecurity and privacy risk management. The Pondurance and Willkie teams often ... Read More
