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Investment Executive: According to Edelman’s 2021 Trust Barometer, two thirds of Canadians said they were worried about cyberattacks — more than those who were worried about contracting Covid-19. With the Canadian government now warning businesses about Russian cyberattacks, those concerns can only increase.
Yahoo News: EU countries should put in place a framework to manage cybersecurity risks at EU institutions, the European Commission said on Tuesday, amid concerns about rising cyberattacks that could disrupt key activities and steal sensitive information.
The Target: Melijoe.com a high-end e-commerce fashion retailer of luxury children’s clothing.
The Take: Exposure of 2 million records totalling 200GB of Personally Identifiable Information including: email addresses, names, gender, dates of birth, marketing and preferences data.
The Vector: A misconfigured Amazon S3 storage bucket was left open and unsecured, meaning anyone with an internet connection could have accessed and viewed the data.
This breach highlights the critical importance of employing robust practices of credential management, user authentication and validation. An unprotected point of entry on a key piece of equipment like a storage server can lead to a breach with a cascading effect on data security. The detailed personal information contained exposes users to targeted phishing attacks and fraud.
United States Department of Justice: Damian Williams, the United States Attorney for the Southern District of New York, announced that ADAM ROGAS, the co-founder and former CEO, CFO, and member of the board of directors of Las Vegas-based cyberfraud prevention company NS8, Inc. (“NS8”), pled guilty in Manhattan federal court to securities fraud.
Dark Reading: When President Biden signed the omnibus spending bill Tuesday, he also put the bipartisan Cyber Incident Reporting Act into effect, which requires critical infrastructure companies in the 16 industry sectors identified by the federal government to report to the Cybersecurity and Infrastructure Security Agency (CISA) within 72 hours if they are experiencing a cyberattack and within 24 hours of making a ransomware payment.
CNN: In the winter of 2015, computer hackers working for the Russian government attacked Ukraine's power grid and switched off the lights and heat to more than 200,000 consumers.
Bleeping Computer: Germany's Federal Office for Information Security, BSI, is warning companies against using Kaspersky antivirus products due to threats made by Russia against the EU, NATO, and Germany.
ZDNet: The chief security officers of Australia's big four banks have likened combating cybersecurity attacks to playing a team sport.
Global Banking and Finance Review: From early 2020 until April 2021, financial sector cyber attacks increased an estimated 238%, and the costs of data breaches have also soared, with the average total cost of a data breach now estimated to be $4.2 million, according to IBM.
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