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    Industry News: ESG5

      Ellington Management Group, LLC Announces Data Breach Related to Compromised Employee Email Accounts

      2022-08-31

      JDSupra: On August 29, 2022, Ellington Management Group, LLC reported a data breach with the Montana Attorney General after the company learned that an unauthorized party had gained access to two employee email accounts.

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      Remote Work Drives Cybersecurity Changes at Nervous Companies

      2022-08-30

      Commercial Observer: We’ve all done it. You leave your computer with a stranger’s promise to “keep an eye on it” in a café. Your kid messes around on your laptop in your home office. You scroll through Facebook during a tedious Zoom meeting. What’s the harm?

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      Chinese Hackers Target Australian Govt with ScanBox Malware

      2022-08-30

      Bleeping Computer: China-based threat actors have been targeting Australian government agencies and wind turbine fleets in the South China Sea by directing select individuals to a fake impersonating an Australian news media outlet.

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      How the Newly Imposed SEC Cybersecurity Rules Impact Private Funds and Investors

      2022-08-29

      Forbes: Most forward-thinking corporations understand the benefits of taking a proactive approach to cybersecurity. If investments haven’t been made from the desire to protect customer and client data, it is seemingly being invested in by organizations that do understand the potential negative impacts on brand and reputation should they not take it seriously.

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      Know Your Breach: WSI

      The Target: Workforce Safety & Insurance, North Dakota’s division of workplace safety and worker compensation.

      The Take: Exposure of 182 records of Personally Identifiable Information including: emails between claimants and WSI, voice-mails containing information about said claims, and emails between WSI and their business partners.

      The Vector: The attacker penetrated Klaviyo’s internal systems by tricking an employee to give up their company credentials through a phishing attack, allowing the threat actor to access systems with all the privileges of the stolen login.

      This breach highlights critical need for employee training to protect a firm against phishing attacks. By using the exposed credentials, the attackers were able to act with all the same permissions as the affected employee. The human component of cybersecurity is a very real and important piece of the overall picture of cybersecurity posture. Furthermore, the sensitive information breached can lead to highly targeted spear-phishing attacks as it lends credence.

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      LDC Sells its Stake in Nottingham-based Managed IT and Cyber Services Firm Littlefish to Bowmark Capital

      2022-08-25

      Business Live: Mid-market private equity firm LDC has sold its minority stake in Nottingham-based managed IT and cyber services provider Littlefish to Bowmark Capital following a three-year partnership.

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      Crypto Exchange Coinbase Faces Class Action Lawsuit Over Alleged Lapses in Security

      2022-08-23

      CoinDesk: Coinbase (COIN) failed to properly secure customers' accounts, leaving them vulnerable to theft and unauthorized transfers, a putative class action lawsuit filed against the crypto exchange last week alleges.

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      Ex-Twitter Exec Blows the Whistle, Alleging Reckless and Negligent Cybersecurity Policies

      2022-08-23

      CNN: Twitter has major security problems that pose a threat to its own users’ personal information, to company shareholders, to national security, and to democracy, according to an explosive whistleblower disclosure obtained exclusively by CNN and The Washington Post.

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      Canadian Insurance Broker Partners with Cybersecurity Standards Compliance Manager

      2022-08-23

      IT World Canada: A specialty broker providing cyber insurance has found a way to attract business from Canadian small and medium-sized organizations: Partnering with a cloud provider that helps firms meet a cybersecurity standard.

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      U.K. Attack Spotlights Water Sector Vulnerabilities

      2022-08-23

      The Washington Post: A ransomware gang is leaking documents revealing just how deeply they penetrated the systems of a U.K. water treatment plant that serves hundreds of thousands of customers, potentially gaining access to controls of the facility.

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