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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.
The Target: MIDC, Maharashtra Industrial Development Corporation
The Take: $68,000.00
The Vector: A threat actor gained access to the firm’s CEO’s email account. With the compromised credentials, the attacker sent requests for fund transfers to an external account, to which the employees followed through.
This breach is a stark reminder of not only the importance of credential hygiene and authentication, as well as reminders about access and how attackers will be able to act with all the powers the breached accounts give them, but also for social engineering. These types of attacks exploit our innate desire to do tasks quickly without stopping to consider the nature of the request. At all times, requests for information or monetary payments should be approached with caution and deliberate, thoughtful action.
Business Wire: Enterprises in Singapore and Malaysia have grown so concerned about the dangers of cyberattacks that they are changing the way they make security-related decisions and procure cybersecurity services, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
Security Magazine: Uncertainty has become a business standard in 2022, with enterprise leaders feeling cautiously optimistic about their ability to navigate future economic, social and geopolitical uncertainty.
Info Security: A new security framework for the UK’s telecommunications industry is set to come into effect in October, making the UK’s telecoms security regulations among the strongest in the world.
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