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Industry News: ESG5

U.S.-Israeli Cybersecurity Firm Aqua Raises $62 Million

2019-04-03

Reuters:  U.S.-Israeli cybersecurity firm Aqua Security said on Wednesday it raised $62 million in a funding round led by Insight Partners, bringing the company’s total venture funding to more than $100 million. Aqua’s existing investors - Lightspeed Venture Partners, Microsoft’s venture fund M12, TLV Partners and Israeli billionaire Shlomo Kramer - also participated in the round...

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Iran Conducted Cyber Attacks on UK Infrastructure

2019-04-03

Silicon:  The risk of data security incidents is increasing as pension funds insufficiently factor cybersecurity into their risk assessments, Dutch pensions supervisor De Nederlandsche Bank (DNB) has warned. In its annual security monitor, the regulator said that financial institutions, including pension funds, insufficiently evaluated their risk management in this area, or failed to anticipate developments in data security...

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Hackers Attacked One-Million Plus Asus Users Through Malicious Update

2019-03-25

Reuters: Hackers were able to deliver malware to the more one million-plus Asus computer owners last year by hijacking the company’s software update system, security researchers said on Monday. Moscow-based cyber security provider Kaspersky Lab said the attack took place between June and November last year and was used to deliver a software update with a “backdoor” that would give hackers access to infected machines...

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The Latest Dark Web Cyber-criminal Trend: Selling Children's Personal Data

2019-03-27

Zdnet: Imagine you're a teenager, applying for credit to buy your first car or maybe a loan to go to university. You don't remember taking out a credit card when you were six years old, but the bank is adamant, and now you have a poor credit rating and in their eyes, you're persona non grata. That future suddenly isn't so bright. How could this be? Cyber criminals are hacking into sensitive networks to steal the identities of children and are selling it on in underground market places...

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How Criminals are Using the Low-interest Credit Card Scam to Steal your Identity

2019-03-19

CBC: It starts with what sounds like a promising phone call: For a one-time fee, you can lower the interest rate on your credit card. But the person on the other end of the line isn't with your bank or credit card company: They're a fraudster, looking to cash in on a common frustration.And what they're really after is your identity...

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How Ad Fraud Just Became a Lot More Scary for Advertisers

2019-03-19

FourthSource: Marketers have turned on the taps with unprecedented online spending. eMarketer reports that for the first time digital ad spending in the US will exceed traditional ad spending, while by 2023, digital will surpass two-thirds of total media spending. The big winners are being crowned — not least Google (responsible for 38% of digital online spending); Facebook (21%) and rising star Amazon (7%)...

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Bank Hackers Team up to Spread Financial Trojans Worldwide

2019-03-20

ZdNet: Banking Trojans are popular in cybercriminal schemes given the valuable data and financial service credentials they can steal in successful cyberattacks. Banks find themselves a constant target for relentless attacks against their apps and infrastructure. Their names, too, are abused by threat actors which use them in phishing campaigns and through copycat malicious domains designed to dupe customers into handing over their account credentials...

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Cyber Attacks Proliferate in Finance

2019-03-11

FinNews: The number of cyber attacks more than doubled last year. The attackers have also become much more aggressive in their approach and developed a strong will to persist with their campaigns. Cyber attacks on financial services firms that aimed to harm their infrastructure increased by 160 percent on a global scale over the past twelve months, according to Carbon Black and Optiv Security, two cyber security firms...

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HSBC Warned of BOV (Bank of Valletta) Hackers Last Year

2019-03-11

MaltaToday: A confidential IT security report seen by MaltaToday shows that HSBC Malta was targeted by the hacking group EmpireMonkey months in advance before their successful hacking of Bank of Valletta.The group carried out a €13 million heist from the bank on 13 February, which led BOV to temporarily take its services offline...

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Cyberattack Planning is Still Depressingly Poor, Even in Big Businesses

2019-03-05

Zdnet: The top management at some of the UK's biggest companies still don't fully understand the potential risks of a cyberattack on their business, says a government report. While nearly every big company (96%) claims to have a cybersecurity strategy in place, less than half (46%) back that up with dedicated budget. And only one in eight (16%) say they have a comprehensive understanding of the impact of loss or disruption that comes with cyber threats...

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