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France's Mistral Makes Digital Sovereignty Case for a European MythosThe European Central Bank added to mounting warnings sent to financial institutions that they must urgently act to protect their systems from artificial intelligence-enabled cyberattacks. British experts warned that gains in AI models' cyber capabilities appear to be accelerating.
Stryker Has Said It Doesn't Carry Cyber insuranceStryker notified regulators that its March cyberattack will impact the medtech maker's first quarter financial results. The company also does not appear to have a cyber insurance policy in place to help cover costs associated with the disruptive incident claimed by Iranian hackers.
CEO Solomon Says Bank is Working with Anthropic, Vendors on ControlsGoldman Sachs CEO David Solomon said the bank is "hyper-aware" of the heightened capabilities of Anthropic's Mythos model, as it works with the firm and security vendors to harness its potential. His comments come amid concern over the model's ability to accelerate cyberattacks.
Inotiv Tells SEC 'It's Still Evaluating Full Impact and Notifying Breach Victims'Drug research firm Inotiv in a filing with federal regulators said it is still evaluating the financial and operational impact of an August cyberattack that's linked to ransomware gang Qilin. The company is also notifying nearly 10,000 people whose data was allegedly stolen in the incident.
Disruption of Country's Biggest Bank Comes as Israel-Iran War IntensifiesA pro-Israel hacking group claims to have disrupted a major Iranian bank as hostilities between the two countries raged into their fifth day. Hacking group Gonjeshke said Tuesday morning it "conducted cyberattacks which destroyed the data of the Islamic Revolutionary Guard Corps' Bank Sepah."
Could CISA's Uncertain Future Embolden Nation-State Attackers?As the future of the Cybersecurity and Infrastructure Security Agency becomes increasingly uncertain in the wake of a massive federal overhaul, experts warn that key U.S. infrastructure sectors, including energy, financial services and election infrastructure, are at a heightened risk of cyberattacks and cyberespionage.
New Security Measures Follow High-Profile Hacks of Snowflake CustomersData warehousing platform Snowflake rolled out default MFA - as well as a 14-character password minimum - to shore up security in the wake of a series of cyberattacks in June that hit high-profile customers including Santander Bank, Advance Auto Parts, LA Unified School District and Neiman Marcus.
Calls for More Aid to Providers Come as Parent Company UHG Grapples With BreachTwenty-two state attorneys general and some industry groups are urging Change Healthcare's parent company and regulators to be transparent and give more financial aid to providers as the firm recovers from a highly disruptive cyberattack and the industry braces for massive breach notifications.
AMA Survey Finds 80% of Practices Lost Revenue From Unpaid ClaimsThe IT services disruptions resulting from the Change Healthcare cyberattack is continuing to have a "devastating" effect on physician practices, threatening the financial viability of many and posing serious implications to patient care, said the American Medical Association in a new study.
US Government Offers $10M Bounty to Track Down Leadership of BlackCat Crime GroupUnitedHealth Group has admitted data was "taken" in the cyberattack on Change Healthcare and has just started analyzing the types of personal, financial and health information potentially compromised. The U.S. is offering a $10 million bounty for BlackCat, which claims to have launched the attack.
Also, Senate Bill Proposes Payment Relief for Firms Meeting Cyber 'Standards'A nursing home operator is seeking bankruptcy protection, citing the effects of a ransomware attack last fall and fallout from the recent Change Healthcare outage as factors that contributed to its financial woes. Also, a Senate bill aims to address cash flows for some health firms hit by an attack.
But Hospital Lobby Group Contends Funding Is 'Onerous' and 'Exceedingly' LimitedTwo weeks into a major cyberattack-induced outage at its Change Healthcare business, UnitedHealth Group is offering short-term financial aid to some healthcare providers whose cash flows may be running short because of the disruption in insurance payments. But not everyone is impressed.