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ZDNet: Compromising a business supply chain is a key goal for cyber attackers, because by gaining access to a company that provides software or services to many other companies, it's possible to find a potential way into thousands of targets at once.
Coin Telegraph: Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure.
Institutional Investor: Traditional asset managers, hedge funds, and private equity firms are spending billions to protect against hackers and cybersecurity attacks. But public pension plans, which are often understaffed and underfunded, are among the most vulnerable. Still, no matter how much is spent to protect vulnerable systems, the breaches often involve simple ruses.
The target: Portpass, a private proof-of-vaccination mobile application.
The take: Exposure of potentially 650,000 records of personally identifiable information including: email addresses, names, blood types, phone numbers, birthdays, and driver's licences
The attack vector: Portpass stored user profiles on their website, accessible to the public, which exposed the above information to anyone visiting the site. This data not encrypted and was stored as plain text.
Use of industry standard authentication protocols is an integral part of maintaining a rigorous cybersecurity posture, and it is critical to employ robust practices of credential management, user authentication and validation, around all points of access, especially public facing ones, in a firm’s IT network. This breach also highlights the important of encryption as a method to improve the security of stored data, which can still protect the exposed information.
Legal Reader: The institutions offering financial services are 300 times more exposed to the threat of cyber criminals. According to the latest survey of KPMG Business Instincts, many C-suites are always at the risk of some form of cyber-attack due to low technology investment. If the companies continue overlooking the pressing and rising concern surrounding cyber security, they are at risk of losing everything.
O' Canada: Apple Inc ramped up its criticism of EU draft rules that would force it to allow users to install software from outside its App Store, saying that would boost the risk of cybercriminals and malware.
CTV News: Russia was not invited to attend a 30-country virtual meeting led by the United States that is aimed at combating the growing threat of ransomware and other cyber crime, a senior administration official said.
Business Wire: During the Covid-19 crisis, another outbreak took place in the cyber space: a digital pandemic driven by ransomware. In a new report, cyber insurer Allianz Global Corporate & Specialty (AGCS) analyzes the latest risk developments around ransomware and outlines how companies can strengthen their defenses with good cyber hygiene and IT security practices.
Yahoo: As most Americans are still learning about the hacking-for-cash crime of ransomware, the nation’s top homeland security official is worried about an even more dire digital danger: killware, or cyberattacks that can literally end lives.
Cayman Compass: With Cayman’s economic stability now heavily vested in financial services, as tourism remains closed, keeping assets ‘cyber secure’ within that industry and within government is not just a reputational concern, but crucial to the country’s very survival.
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