Regulators Got Tough on Cyber in 2023 as Crime Soared - WSJ. WSJ PRO CYBERSECURITY. Significant third-party breaches and attacks against high-profile targets characterized 2023 in cybersecurity, but governments and regulators also focused their attention on how to tackle security for years to come.
A late-year resurgence in ransomware and nation-state attacks poses a troubling outlook for 2024.
A cyberattack against ION Trading Technologies, a company that supports the plumbing of derivatives markets, sent a warning shot across the financial industry.
MICHAEL M. SANTIAGO/GETTY IMAGES. The attack forced traders to resort to manual methods of confirming trades and delayed regulatory data releases.
Suffolk County, N.Y., began restoring public services after a ransomware attack in late 2022 knocked critical systems offline.
JAMES RUNDLE/THE WALL STREET JOURNAL. The hack was a long-running and embarrassing affair for the county government, which spent over $5 million on recovery.
The Biden administration published the latest iteration of the U.S. National Cybersecurity Strategy.
Former Uber Technologies security chief Joe Sullivan avoided prison time for his actions during a 2016 data breach at the company.
JUSTIN SULLIVAN/GETTY IMAGES. The case had been closely watched by the cybersecurity industry for how it could set precedent for prosecutions of security executives.
Progress Software issues a patch for its popular MoveIt file-transfer software, breached by hackers linked to Russia.
STEVEN SENNE/ASSOCIATED PRESS. Data from thousands of companies and government agencies is exposed, including Commerce Secretary Gine Raimondo's email account.
The U.S. Securities and Exchange Commission approved strict new rules on cybersecurity requirements for listed companies, obliging them to publicly report cyberattacks that have a material impact on business operations, and to describe their cyber risk management processes.
New York Gov. Kathy Hochul reveals the state's first-ever cybersecurity strategy, which promises stricter regulation for critical infrastructure operators, but also help for cash-strapped counties by providing free security tools.
MADELINE CARTER/LAS VEGAS REVIEW- JOURNAL/ASSOCIATED PRESS. Caesars Entertainment, another casino operator, also came under attack over the summer, paying a ransom to restore systems.
Cisco Systems agreed to buy cyber company Splunk for $28 billion in a cash deal, marking a significant upset of a cyber market that had been roiled throughout 2023 by layoffs, company collapses and difficult investment rounds.
WILSON RING/ASSOCIATED PRESS. Stephen Leffler, president and chief operating officer of the University of Vermont Medical Center, testifies about an attack that cost $65 million and left his facilities debilitated for weeks.
The SEC sued SolarWinds over disclosures relating to its 2020 breach, which the U.S. blamed on Russian intelligence.
SERGIO FLORES/REUTERS. In an unusual move, the SEC also named SolarWinds' security chief in its lawsuit, raising fears across the industry that executives could face prosecution for hacks.
The U.S. arm of the Industrial and Commercial Bank of China had to be unplugged from financial markets after a ransomware attack, sending shocks through the financial industry.
ALEXANDER COHN/THE WALL STREET JOURNAL. The attack had a minor impact on Treasury trading, but added to concerns that a more significant hack could severely impact the economy.
This Cyber News was published on www.wsj.com. Publication date: Fri, 22 Dec 2023 01:14:05 +0000