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Sector Uses Multifactor, Eschews Cloud, Can't Afford Cyber Insurance
The oil and gas industry has high levels of cyber awareness and low levels of cyber insurance, says a sectoral assessment from credit rating agency Moody's. The sector has experienced a clutch of high-profile attacks including a high-profile 2021 incident at Colonial Pipeline.

Only Six Nations Have Incorporated NIS2 Into National Statute
Most European countries are set to miss a trading bloc deadline for implementing a key cybersecurity regulation that requires measures such as mandatory security auditing for essential services such as hospitals and banks. Just six countries have integrated the NIS2 directive into national law.

Naming and Sanctioning Cybercrime Syndicate Members Has Repercussions, Police Say
Western law enforcement may not be able to bust every last Russian cybercrime suspect, but newly revealed efforts against Evil Corp and LockBit reveal suspects arrested while on vacation, as well as the psychological fallout criminal syndicates face when members get named, indicted and sanctioned.

Critical Infrastructure Firms Are Hiring - and Paying Well
As digital transformation continues to reshape industries, the convergence of operational technology and cybersecurity has emerged as a critical area of focus. But there's a noticeable gap in the workforce. Professionals who truly understand both OT and cybersecurity are in short supply.

SEGs have performed admirably for many years, but they’re no match for this new generation of email attacks, and relying on outdated tools can have catastrophic consequences. By upgrading to a behavioral AI-based solution, you can defend against emerging threats and become more proactive in the fight against cybercrime.

Healthcare organizations should rethink some of their approach to security, enhancing focus on insider threats, improving cyber awareness training and securing mobile applications and devices, said Ryan Witt, vice president of industry solutions at Proofpoint, discussing findings of a new study.

AI, Security Experts Discuss Who Defines the Risks, Mitigation Efforts
An attempt by the California statehouse to tame the potential of artificial intelligence catastrophic risks hit a roadblock when Governor Gavin Newsom vetoed the measure late last month. One obstacle is lack of a widely-accepted definition for "catastrophic" AI risks.

Also: AI Safety Bill Vetoed, Global Ransomware Response Guide Gets Some Revisions
In the latest weekly update, ISMG editors discussed the implications of the U.S. investigation into Chinese hackers targeting telecom wiretap systems, the catastrophic risks of AI and the recent veto of an AI safety bill in the U.S., and the latest global ransomware response guidance.

Ransomware Gang Could Have Axis Health's Mental Health, Drug Abuse Records
Ransomware gang Rhysida is threatening to dump data on the darkweb that belongs to a Colorado provider of mental health, substance abuse and other healthcare services unless it pays nearly $1.5 million. The group is leaking records it claims to have stolen from a Mississippi nursing home.

Agency Says Cookies Could Help Attackers Find Network Assets, Vulnerabilities
Unencrypted cookies tied to a suite of secure gateway technology from F5 are gateways for hackers to reach internal devices on corporate networks, warns the Cybersecurity and Infrastructure Security Agency. BIG-IP uses persistent cookies as a traffic load-balancing convenience.

Why Cybersecurity Is a Public Imperative
Data is one of the most valuable assets in today's digital age. Cyberthreats come in many forms, such as phishing attacks, ransomware, data breaches and malware infections, and failing to protect your data can cause severe financial, reputational and operational damage.

It's yet to be determined whether a handful of states or the federal government will lead the charge in adopting comprehensive regulations involving the use of artificial intelligence in healthcare, said regulatory attorney Betsy Hodge, a partner in law firm Akerman.

CyberEdBoard Members and ISMG Editors on Incident Response, AI and Defense Trends
This week, CyberEdBoard members Jon Staniforth and Helmut Spöcker joined ISMG editors to unpack the hot topics at ISMG's London Cybersecurity Summit 2024, including ransomware lessons learned, AI trends and the growing importance of continuous learning and resilience in the cybersecurity industry.

Hacktivists Are Likely to Increasingly Adopt Cybercrime Tactics, Report Says
Ransomware hacks and self-declared hacktivist denial-of-services attacks were the most prolific threat to European Union members over the 12-month period ending in June, the EU cyber agency warned, adding that the nexus between nation-state hackers and hacktivist groups poses an emerging threat.