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Yahoo Finance: Indian lenders must strengthen their governance standards and ensure robust cybersecurity controls to curb digital frauds, the governor of the Reserve Bank of India (RBI) told bank chiefs.
GlobeNewswire: According to the latest Astute Analytica research, the Saudi Arabia cybersecurity market was valued at US$ 3.6 billion in 2023 and is anticipated to reach US$ 10.5 billion by 2032 at a CAGR of 12.98% during the forecast period 2024–2032.
Forbes: From healthcare to manufacturing to agriculture and beyond, artificial intelligence (AI) is revamping business models and creating new opportunities for organizations to innovate.
CSO Online: The US Supreme Court has issued a decision that could upend all federal cybersecurity regulations, moving ultimate regulatory approval to the courts and away from regulatory agencies.
SecurityWeek: The notorious ransomware group LockBit recently threatened to leak data allegedly stolen from the US Federal Reserve. The cybercriminals did leak data on June 26, but it turned out that the files actually originated from an Arkansas-based financial organization, Evolve Bank & Trust.
MSN: Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report.
The Target: Synnovis, a pathology services provider for the National Health Service (NHS) in the U.K.
The Take: The leaked data includes patient names, dates of birth, NHS numbers, and descriptions of blood tests, as reported by the BBC. The extent of the data breach and whether test results are included remains unclear.
The Vector: Synnovis was hit by the ransomware attack earlier this month, creating disruptions at major London hospitals. The leak saw almost 400GB of private information published on the darknet.
This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.
Dark Reading: Optiv, the cyber advisory and solutions leader, has published its 2024 Threat and Risk Management Report, which examines how organizations’ cybersecurity investments and governance priorities are keeping up with the evolving threat landscape.
GlobeNewswire: Sophos, a global leader of innovative security solutions for defeating cyberattacks, today released findings from its survey, “Cyber Insurance and Cyber Defenses 2024: Lessons from IT and Cybersecurity Leaders.”
U.S. News: Central banks should embrace the benefits of artificial intelligence (AI) the Bank for International Settlements (BIS)has said, but stressed the technology should not replace humans when it comes to setting interest rates.
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