1st Source Bank is a major financial institution located in Indiana and Michigan. The bank is headquartered in South Bend, Indiana, but there are 81 branches in the two states. Between these branches, there is a large number of employees and hundreds of thousands of customers. Many of those customers lost their personal data thanks to a recent breach.
Near the end of July, the MOVEit data breaches that occurred back in May are still doing serious damage and hurting major companies. Three of the five breaches reported this week were due to MOVEit-related attacks, including Milliman Solutions, the National Student Clearinghouse, and 1st Source Bank. The other two companies that suffered from major data breaches this week are Microsoft and the Tramp General Hospital.
Global regulations regarding software validation (e.g., 21 CFR Part 11, Annex 11, etc.) have been in place for many years. With an increasing number of software-as-a-service vendors offering GxP-compliant solutions, it is more important than ever that CSV and QA teams of all sizes make use of sensible approaches to software validation to better manage their overhead while maintaining compliance with regulatory requirements.
GRC programs are often viewed as cost centers. But, they can in fact be profit drivers by contributing to sales acceleration, cost and time savings, and risk reduction. The real question is, how can you prove that to the board? TrustCloud teamed up with ISSA to discuss.
Email scams known as "CEO Fraud" are very common right now. They are a type of "Business Email Compromise" (BEC). There have been numerous recent cases reported in the media, and we too, are seeing many reports by our customers. One customer described these attacks as 'rampant'. The US FBI recently put the estimate of losses in 2015 associated with BEC frauds in the hundreds of millions of dollars.
Businesses today are more dependent than ever on technology, making strong threat detection and response strategies essential. Cybercriminals in the modern world are constantly looking for new and creative ways to hack into organizational networks and steal sensitive data. Comprehensive visibility is a crucial element that is sometimes paid less attention to yet is the foundation of efficient threat detection and reaction.
2,200 cyberattacks occur daily, with an average of 39 attacks every second. As we come up with new strategies to keep our network secured, hackers never fail to figure out the loopholes and hijack our devices.
