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Funds Tech: Europe’s financial institutions have been urged by regulators to makes themselves more resilient to a growing risk of cyber security that has been intensified by war and has stalled the economic recovery from Covid.
Cision: This new investment will support Fortress's mission of securing U.S. critical industries from cybersecurity and operational threats emanating from their supply chains.
The Target: Christie Business Holdings Company, a major medical firm based out of Illinois in the United States.
The Take: Personally Identifiable Data belonging to 500,000 individuals. The data accesses contained: names, addresses, medical and insurance information, and Social Security Numbers.
The Vector: The threat actors gained access through BEC attack (Business Email Compromise) on an employee’s email account, therefore able to act with all the permissions of said employee, and attempted to intercept business transactions as well as view the exposed personal data.
This breach is a stark reminder of the important not only robust employee credential authentication and password hygiene, but also the principle of least privilege. When a firm’s employee account is breached, it’s critical to note the attackers can access and perform all the same actions as the employee. Locking down appropriate permissions, admin access, and ensuring users only need the tools they need to do their jobs, and no more, will reduce the risk of these attacks.
ZDNet: Founded in 2003, Barracuda is the developer of cybersecurity solutions, including email protection, app and cloud defenses, data management, and network security. Products include Secure Access Service Edge (SASE) offerings, threat detection and response, and data inspection.
Tech Central: Since the beginning of the pandemic and the HSE ransomware attack, there has been a stark increase in phishing e-mails and ransomware attacks.
Tech Radar: Year after year, we see attackers, ranging from entry-level hackers to nation-state cyber armies, add new tactics, techniques and procedures (TTPs) to their cyberattack playbooks.
Beta News: The COVID-19 pandemic has led to a technology leapfrog beyond anything we’ve seen in decades. But now that we’ve made this leap is there any going back? And do we have the right technology for enterprises to keep up with new demands?
Cision: Critical Start (or "the Company"), a leading provider of Managed Detection and Response (MDR) cybersecurity solutions, announced an over $215 million strategic growth investment from Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses.
Top Class Actions: Morgan Stanley agreed to a $60 million settlement to resolve a class action lawsuit regarding its 2016 and 2019 data breaches.
GDPR Buzz: The Danish Data Protection Agency (DPA) has proposed a fine of 10 million Danish Kroner – around $1.48 million – on the country’s largest lender, Danske Bank, for failing to implement GDPR-compliant procedures concerning the storage and deletion of the personal data of its customers. The DPA has also filed a criminal complaint against the bank and has reported it to the police over the failure to delete customers’ personal data from its systems.
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