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Business Wire: Kroll, the leading independent provider of global risk and financial advisory solutions, announced its report Cyber Risk and CFOs: Over-Confidence is Costly which found chief financial officers (CFOs) to be woefully in the dark regarding cyber security, despite confidence in their company’s ability to respond to an incident.
Cision: Agio, a leading cybersecurity and managed IT provider for financial services firms, published its inaugural 2022 Hedge Fund Managed IT Trends Report.
The Target: DoorDash, a popular food delivery company.
The Take: Exposure of Personally Identifiable Information belong to customers and employees including: names, customer delivery addresses, phone numbers, and some partial credit card information.
The Vector: The attackers breached a third-party company that DoorDash works with through a phishing attack. By using the compromised credentials, they were able to move in the vendor’s network freely and then access some of DoorDash’s own internal tools.
This breach is a stark reminder of the effective of social engineering attacks and how critical authentication controls are in an overall robust cybersecurity posture. Enforcing multi-factor authentication, reasonably paced password resets, and regular social engineering and phishing awareness training are all effective strategies to mitigate these kinds of breaches to protect a firm’s customer base.
Info Security: In a statement to the London Stock Exchange (LSE), Darktrace said "discussions with Thoma Bravo have terminated,” putting an end to the £6bn ($6.9m) deal that could have been one of the most significant M&A of 2022.
PYMNTS: A proposed European Union bill will fine makers of “internet of things” (IOT) products if they don’t meet stringent rules aimed at cutting down on cyberattacks, the Financial Times (FT) wrote.
Private Equity Wire: Drawbridge, a provider of cybersecurity software and solutions to the financial services industry, has secured a strategic growth investment from Francisco Partners, a global investment firm that specialises in partnering with technology businesses.
Yahoo Finance: The hacker, who goes by the name AgainstTheWest, says they gained access to the personal information of more than 1 billion TikTok users, including users' PayPal information.
City A.M: NCC chief executive Mike Maddison said the digitisation agenda on the back of the global pandemic has created new opportunities for hackers in opening up new ways to infiltrate and take advantage of companies.
BNN Bloomberg: Lombard Odier Investment Managers said the “shocking” results of an analysis into cybersecurity risks lurking in portfolio companies have led it to apply ESG processes far more broadly to protect its funds from losses.
ZDNet: One of the key components of global trade is also one of the most vulnerable to cybersecurity threats – and if such an attack was successful, it would cause huge disruption with knock-on effects for people around the world.
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