Cyber Threat Report: Cyber Security News for 05/25/23

Studies Show Ransomware Has Already Caused Patient Deaths
No patient deaths have been definitively attributed to cyber attacks on hospitals, but some infosec experts say that statistical evidence shows a different, grim reality. Read More

IT Security Budgets are Shifting as Companies Target Risk Reduction
Organizations are designing their security spending around keeping the business secure and operations running smoothly. Read More

IT Security Analyst Admits Hijacking Cyber Attack to Pocket Ransom Payments
Altered blackmail emails in a bid to make off with £300,000 in Bitcoin. Read More

From Fleeceware to Phishing Sites, Cybercriminals Cash in on ChatGPT Hype
One mobile app developer had raked in $1 million in a month, charging users $7 a week for the same ChatGPT service OpenAI provides for free. Read More

Critical Remote Code Execution Flaws Patched in Cisco Small Business Switches
Some of the vulnerabilities could lead to complete compromise of the device as proof of concept is publicly available. Read More

Data Breach at Debt Collection Agency Impacts Multiple Healthcare Providers
At least 13 healthcare organizations were impacted by a data breach that stemmed from a cyberattack on debt collection agency Credit Control Corporation. Read More

Health Insurer Says Patients’ Information Was Stolen in a Ransomware Attack
One of New England’s largest health insurers notified current and former customers Tuesday that data including patient medical history and diagnoses was copied and taken during a ransomware attack. Read More

Teen Hacker Charged In Scheme to Siphon Funds From Sports Betting Accounts
Approximately 60,000 accounts were accessed in the scheme, and $600,000 was stolen from 1,600 accounts. Read More

Apria Healthcare says potentially 2M people caught up in IT security breach
Took two years to admit a small number of emails' accessed. Read More

Cisa Updates Ransomware Guide 3 Years After Its Debut
The updated guide, developed through the Joint Ransomware Task Force, reflects lessons learned over the last few years, adding the FBI and NSA as co-authors for the first time. Read More

Dole Incurs $10.5m In Direct Costs From February Ransomware Attack
The attack impacted about half of Dole’s legacy company’s servers and one-quarter of its end-user computers. Read More

HEADLINE PRIVACY & IT SECURITY COMPLIANCE NEWS

A 2021 report from Cybersecurity & Infrastructure Security Agency (CISA) revealed an alarming connection between ransomware attacks and patient deaths in hospitals and medical facilities. The attacks can cause hospitals to lose access to critical systems, leading to delays in care and even fatal consequences. The studies suggest that the vulnerabilities of healthcare networks make them particularly susceptible to ransomware attacks and emphasize the need for stronger cybersecurity measures. In addition to the loss of lives, these attacks also result in significant financial losses for healthcare organizations.

Cybersecurity spending priorities are shifting to focus on areas such as cloud security, identity and access management (IAM), and data privacy. The report found that the pandemic has driven increased investment in cloud security as companies have moved to remote work, with IAM also becoming a priority due to increased cyberattacks targeting remote workers. Companies are also placing greater emphasis on data privacy and security in response to new regulations such as the EU's General Data Protection Regulation (GDPR) and California's Consumer Privacy Act (CCPA). As cyber threats continue to evolve, organizations must adapt their security strategies accordingly to stay ahead of potential risks.

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