New US bill requires ransomware victims to report payments within two days
A bill drafted by the US Senate and House of Representatives would require victims of ransomware attacks in the US to report any payments to hackers within 48 hours.
Ransomware Dilemma – Should You Pay?
Ransomware Protection solutions : https://ibm.biz/Ransomware_Protection_Solutions
Collectively known as ransomware, individuals and organizations are potential targets for phishing attacks that lead to encryption of your own data, followed by a ransom demand. The best defense, of course, is not getting hacked in the first place — and a reliable backup if you’re compromised. But if you’re a ransomware victim, should you pay? You may not get your data back! There’s also other risks to giving into demands. Security expert Jeff Crume lays out the consequences so you can make an informed decision.
#AI #Software #Ransomware #DataSecurity #lightboard #IBM
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PLEASE NOTE: As would be expected, we’re not providing specific advice through this video. Please consult with your cybersecurity and legal professionals for input in any given situation.
US recovers $6 million in ransom payments and charges two men over major cyberattack | English News
The US Law enforcement officials have seized an estimated $6 million in ransom payments and the justice department has charged two suspects over a damaging July ransomware attack on an American company.
#US #Ransom #Cyberattack
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Peter Morgan of Phylum on the Cybersecurity Stack and the Terrorists Behind Malware
This week I talk to Peter Morgan co-founder and CSO of Phylum- A malware cybersecurity company. Pete talks to me about malware like I am five years old as well as other applications within the cybersecurity technology stack.
How well do you understand cybersecurity, and is your organization well protected? Ransomware has become a cybersecurity nightmare for many organizations in America today, so it’s important to know how it works.
In this episode of The Capital Stack, we have Pete Morgan, the Chief Security Officer and co-founder of Phylum, a software supply chain security company. He shares his career journey in high-level cybersecurity before starting Phylum.
Listen in to learn how a penetration tester is hired to locate weaknesses by breaking into an organization’s computers and compromising them. You will also learn about the categories of cybersecurity that software companies are currently addressing.
What You Will Discover:
• [00:00] Intro
• [01:34] How Pete’s love for computers from a young age turned into a career in high-level cyber security.
• [04:30] The penetration tester – hired to find weaknesses by breaking into computers and compromising them.
• [06:33] Understanding ransomware – how hackers turn a computer compromise into money.
• [09:44] The financial damage of ransomware on organizations plus the challenge with cyber security insurance.
• [12:44] He explains the law against cybercrimes in America and on an international level.
• [17:27] The market map of software companies and vendors currently addressing cybersecurity.
• [22:35] How Phylum’s product is extremely purpose-built with reliable and reproducible software.
• [27:08] Why the level of software tools automation is making it difficult to defend.
• “It’s pretty tough to get cybersecurity all right all the time in a large organization that’s moving fast.”- Pete [25:40]
Connect with Pete:
• LinkedIn: https://www.linkedin.com/in/peterjmorgan98/
Fraud Victim? Here’s How To Recover (And Get Your Money Back!) | Aura
Get your FREE fraud recovery checklist: https://www.aura.com/learn/fraud-victim-checklist
Were you the victim of fraud? You’re not alone.
More than 2.8 million Americans filed fraud reports in 2021 alone — according to the FTC.
The number of fraud reports has more than DOUBLED in the past two years!
WHAT TO DO IF YOU’RE THE VICTIM OF FRAUD:
1. Don’t blame yourself — Fraudsters are getting smarter. Don’t let the guilt or shame of getting scammed stop you from taking the next steps.
2. Check your insurance coverage – If you have identity theft protection insurance, call them NOW. Every Aura plan includes up to $1,000,000 in coverage for eligible losses due to identity theft as well as 24/7 access to a team of White Glove Fraud Resolution specialists. Check your company benefits as well as some employers offer ID theft insurance.
3. Act quickly to assess the full damage – Check your credit report, bank statements, and other accounts for suspicious activity. Document everything you find.
4. Notify your bank, lenders, and other impacted companies — Contact their fraud departments and explain what happened. Ask them to close fraudulent accounts or fix incorrect information.
5. Set up fraud alerts with the three major credit bureaus — This stops scammers from opening new accounts in your name. You only need to contact one bureau — they’re required by law to notify the other two.
6. Secure your online accounts – Change all of your passwords and secure your accounts using two-factor authentication (2FA) and a password manager (such as the one included with Aura)
7. Report the fraud to the FTC — File an official identity theft report at IdentityTheft.gov. This is an essential step in disputing fraudulent charges and getting your life back. Keep a copy of your report for your records.
8. File a police report — Let your local law enforcement know that your identity has been stolen — especially if you know the fraudster or have information they could use to find them.
9. Dispute fraudulent transaction and repair your credit — Follow up with any company where fraud occurred and send them your FTC and police reports. You can also dispute incorrect information on your credit report.
PROTECT YOURSELF FROM FUTURE FRAUD
More than 30% of fraud victims are multiple victims. Keep yourself safe from scammers by signing up for Aura.
With Aura, you get industry-leading identity theft protection, home title monitoring, constant credit monitoring, phishing and malware protection, 24/7 support from fraud resolution specialists, and $1,000,000 in insurance for eligible losses due to identity theft.
Protect yourself from scammers and fraudsters! Try Aura free for 14 days: https://buy.aura.com/free-trial
0:36 Don’t blame yourself
0:59 Check your insurance coverage
1:17 Act quickly
1:59 Notify your bank
2:19 Set up fraud alerts
3:05 Secure your online accounts
3:28 Report the fraud to the FTC
4:15 Dispute fraudelent transactions
#fraud #fraudprevention #fraudvictim