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Off With Their Heads!
Calls for jail time for C-suite executives after a data breach are getting louder, but proposed legislation such as the Corporate Executive Accountability Act would not prevent data breaches. Instead, it would will simply result in organizations lawyering up, CISO Advisor Dave Lewis argues.
Wipro Breach Looks a Case of Gift Card Fraud
The attack on IT outsourcing giant Wipro appears to have been motivated by gift card fraud, not espionage or a supply-chain attack against another company.
Attackers Using Oracle WebLogic Flaw to Install Sodinokibi Ransomware
The Sodinokibi ransomware is being installed on vulnerable Oracle WebLogic servers that haven't been patched against CVE-2019-2725.
Credit Union Sues Fintech Vendor for Security Lapses
Bessemer System Federal Credit Union is suing Fiserv for not fixing the security issues in its banking platform, and says that thousands of small banks and credit union using the same software don’t even know their customer data is also vulnerable.
Privacy Advocates Urge Creation of Data Protection Agency
As Congress considers various privacy bills, advocates are pushing for a federal data protection agency to enforce any new law.