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Forbes: Cybersecurity risk, once the focus of technology professionals, is now a boardroom topic. CEOs, CFOs, risk officers and audit committees are seeing cybersecurity risk come into the scope of their roles.
KnowBe4: A new phishing campaign is exploiting the ongoing uncertainty about company policies related to COVID-19, according to Roger Kay at INKY.
NBC News: For Tanja Vidovic, it was a moment of panic: She had received a series of alerts about someone changing access to her cryptocurrency account. And she realized, as she stared at her computer screen, that nearly all of her $168,000 in holdings was gone — vanished before her eyes.
Security Magazine: The findings come from Trend Micro’s biannual Cyber Risk Index (CRI) report, which measures the gap between respondents’ cybersecurity preparedness versus their likelihood of being attacked.
ZDNet: Singapore and the US have inked a series of memorandums of understanding (MOUs) to widen their collaboration in cybersecurity across defence, financial, and research and development.
IT Pro Portal: Phishing may be the most common cybersecurity threat in the UK, but it could be only a matter of time before ransomware snatches the crown, a report from cybersecurity firm CybSafe suggests.
The target: Ford, a U.S based maker of automobiles.
The take: Exposure of Personally Identifiable Information including: customer and employee records, finance account numbers, database names and tables, internal support tickets, user profiles, and authentication access tokens,
The attack vector: A known vulnerability present in one of Ford’s misconfigured customer management interfaces named Pega Infinity, could have allowed an attacker access to the backend web panel. From here, they could execute malicious commands through the URL to retrieve data base tables, run queries, and more critically, perform administrative actions.
This breach highlights the importance of having processes in place to update software in a timely manner, an essential part of complying with industry standard cybersecurity practices. Furthermore, this exposure also demonstrates how one exposed point of access can have a cascading and multiplying effect on the severity of a breach.
Institutional Asset Manager: According to IBM, 23 per cent of all cyber-attacks are directed at financial institutions, while the total cost of a single data breach is the second largest among all industries, costing financial organisations USD5.72 million on average.
Beta News: Analysis by CybSafe of incidents reported to the UK's Information Commissioner's Office (ICO) shows that ransomware attacks made up 22 percent of all reported cyber security incidents in the first half of 2021. This is up from 11 percent in the first half of 2020.
CNBC: Japanese cryptocurrency exchange Liquid said Thursday it has been hit by a cyberattack that saw hackers make off with a reported $97 million worth of digital coins.
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