A newly discovered phishing campaign is spoofing a U.S. Small Business Administration loan offer in an attempt to steal banking credentials and other personal data. This campaign appears to have started in early August. This follows a different phishing attack in April that also used spoofed SBA messages, but unlike the current scam, that one was created to distribute malware. Fake Loan Applications In the phishing campaign, the victims are...

Two recent ransomware incidents targeted companies serving healthcare organizations, highlighting an emerging challenge for vendor risk management in the sector. Blackbaud, which sells cloud-based marketing, fundraising, and customer relationship management software, was recently hit by ransomware. Some of its affected clients are now being revealed. Meanwhile, medical debt collector firm R1 RCM, formerly known as Accretive Health, also has...

At least 275,000 individuals served by a variety of healthcare providers and health plans had data exposed as a result of a breach at Houston-based billing and debt collection vendor Benefit Recovery Specialists Inc. The company says that on April 30, it discovered a malware incident affecting certain company systems. BRSI customer files containing personal information may have been accessed and/or acquired between April 20 and April 30, 2020....

Popular Apps Too Susceptible to Hacking, Positive Technologies Warns. Given the number of banks that utilize white-labeled banking apps to provide online banking services to their clients, a recent report is extremely concerning. Researchers at Positive Technologies recently investigated 14 mobile banking apps that run on Android or iOS and found that 13 failed to prevent unauthorized access to user data. Although the specific apps were not...

The increase in working from home during the COVID-19 pandemic has led to an increase in mobile phishing campaigns. Attackers are targeting remote workers whose devices lack adequate security protections to steal users’ banking credentials. Mobile phishing attacks increased by 37% globally in the first quarter of 2020. According to research based on data collected from 200 million mobile devices worldwide, 22% of mobile enterprise users...

Risk Mitigation Tips Ransomeware Attacks continue to surge as two ransomware incidents recently reported to federal regulators as health data breaches illustrate. Recent ransomware-related data breaches reported to the DHHS OCR affected Woodlawn Dental Center based in Cambridge, Ohio, and Mat-Su Surgical Associates in Palmer, Alaska. Woodlawn Dental Incident The HHS “Wall of Shame” shows that Woodlawn Dental reported on May 18 that a breach...

The FBI has been keeping tabs on the most exploited vulnerabilities for years. They also pay close attention when it appears that hacking is being perpetrated by other nations. On May 12th, they released their list of the top 10 most exploited vulnerabilities. The list is intended to help all organizations “place an increased priority on patching the most commonly known vulnerabilities exploited by sophisticated foreign cyber...

Attackers are continuing to use concerns over COVID-19 to distribute ransomware and malware, including for smartphones. While the healthcare sector is perhaps at the greatest risk from these attacks, criminals are using the panic as a widespread opportunity. Attacks include the usual suspects: cybercrime operators looking to make a fast buck – for example, by demanding a ransom to unlock crypto-locked systems – as well as...

The SEC’s Office of Investor Education and Advocacy has issued an Investor Alert to warn investors about phony Certificates of Deposit promoted through internet advertising and “spoofed” websites – websites that mimic the actual sites of legitimate financial institutions. Investors should be extremely cautious when purchasing CDs from sites found only through internet searches. “Spoofed” websites – often using URL addresses similar to those of...

Cybercrime led to $3.5 billion in losses in the U.S. last year, with a sharp uptick in business email compromise scams – which accounted for nearly half those losses, according to a newly released FBI Internet Crime Report, which is based on complaints the FBI received. Donna Gregory, the head of the FBI’s Internet Crime Complaint Center, emphasizes that the FBI isn’t seeing a ton of new types of fraud but rather criminals using new...

Attackers are continuing to use concerns over COVID-19 to distribute ransomware and malware, including for smartphones. The healthcare sector continues to be the largest single target of cybercriminals, and they are exploiting the current situation. Culprits behind such attacks include cybercrime operators looking to make a fast buck as well as nation-states seeking to sow chaos. These attacks are hitting all levels of the U.S. healthcare...

As of early December, the HHS “Wall of Shame” shows that 462 major health data breaches affecting a total of nearly 41 million individuals have been logged in 2019. By the numbers: • 272 breaches were reported as hacking/IT incidents, affecting a total of nearly 36 million people, accounting for approximately 88 percent of people affected by breaches. • 136 breaches were reported as “unauthorized access/disclosure” breaches,...

HHS Points to Ways to Improve Compliance With HIPAA Requirements   Under the HIPAA Privacy Rule, patients and their authorized representatives have the right to access their electronic or paper health records. Unfortunately it’s often easier said than done, and federal regulators want that to change. Complaints from patients about the lack of access to their records have remained consistently among the top five issues in HIPAA cases that...

Attackers are increasingly hacking into banks’ networks to gain access to the IT infrastructure connected to their ATMs. They then push malware onto the ATMs that allows a low-level gang member to walk up and enter a preset numerical sequence into the ATM to make it dispense all of its money in what’s known as a “jackpotting” or “cashing out” attack. Such attacks also allow them to steal card data from ATM...

The business world continues to evolve and banking is no different. There are two new rule changes being implemented in September this year. Beginning September 15, 2017, Same Day ACH will be available for debit entries, enabling the same-day processing of virtually any ACH payment. The Rule enables the option for same-day ACH payments through additional ACH Network functionality, without affecting previously available ACH schedules and...

With the exception of one large insider theft, hacker attacks, some involving ransomware, continue to be the method of choice behind the biggest health data breaches reported so far this year to federal regulators. As of July 3rd, 149 breaches affecting nearly 2.7 million people have been reported to the Department of Health and Human Services’ ‘wall of shame’. Of those 2017 breaches, 53 are listed as hacking/IT incidents. Even though...

Unsecure Email Incident a Reminder of Risks to PHI A breach report involving the transmission of protected health information via unencrypted email offers a reminder of the need to pay attention to safeguarding PHI no matter where it resides, including website forms used to collect information and smartphone apps. According to the HHS “Wall of Shame”, the Mississippi Division of Medicaid reported on May 26, 2017 to the U.S. Department of Health...

A just released update to the Federal Financial Institutions Examination Council’s Cybersecurity Assessment Tool will should help make meeting regulators’ demands for “baseline” cybersecurity more attainable. The changes only impact Appendix A of the tool but those changes make a difference for smaller institutions. For example, many smaller institutions were not able to meet the tool’s requirement for having a...

HIPAA Enforcement Agency Cites Lack of Timely Risk Analysis, Again Colorado-based Metro Community Provider Network is just another healthcare entity to learn a painful lesson from the Department of Health and Human Services Office for Civil Rights regarding the importance of conducting a timely and comprehensive risk assessment. The breach was reported in early 2012 after a hacker accessed employees’ email accounts and obtained 3,200...

Many businesses have benefitted from the proliferation of mobile devices and text messaging apps that facilitate quick, round-the-clock communications. However, these technologies can make it difficult to monitor and control the unauthorized distribution of confidential data. This is critically important in highly regulated industries like banking. To give you an idea of how messaging apps have caused headaches for banks, on March 30, UK...