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Industry News: ESG5

    Cybereason Brings Valuable Perspective to Cybersecurity

    2020-12-10

    Forbes: Effective cybersecurity requires an understanding of the adversary. Insight into the motivation behind attacks and the steps attackers take enables you to anticipate and defend against those attacks. Attacks have become more complex and sophisticated, though, as the line between cyber criminals and nation states has gotten fuzzy in recent years. As technology evolves and the threat landscape expands, it is important for cybersecurity vendors to fight fire with fire and be prepared to defend effectively against cyber attacks.

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    Hackers Access Documents Related to Authorized COVID-19 Vaccines

    2020-12-09

    CNet: Hackers were able to get documents related to approved COVID-19 vaccines after they hit the European Medicines Agency with a cyberattack. The attackers "unlawfully accessed" regulatory documents related to the coronavirus vaccine candidate put forward by biotech firm BioNTech and partner pharmaceutical company Pfizer, BioNTech said in a statement.

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    What's the Key to Tackling Cyberattacks? Building a Diverse Team to Think Smarter

    2020-12-09

    ZDNet: It's this sort of collaborative attitude that is needed to help combat challenges and reduce cyber risk to societies, says Pete Cooper, deputy director of cyber defence for the UK Cabinet Office and lead of the government sector of the National Cyber Security Programme.

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    A Firm That Helps Protect Businesses and Cities from Cyberattacks Just Got Hit by One

    2020-12-09

    CNN Business: The cybersecurity firm FireEye (FEYE) said Tuesday that it had come under cyberattack by "highly sophisticated" actors likely sponsored by a nation-state, in a rare and extremely serious instance of a mainstream security vendor being compromised. The hack could even give the perpetrators the means to launch attacks against other targets.

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    Research: Millions of Smart Devices Vulnerable to Hacking

    2020-12-08

    ABC News: Researchers at a cybersecurity firm say they have identified vulnerabilities in software widely used by millions of connected devices — flaws that could be exploited by hackers to penetrate business and home computer networks and disrupt them.

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    New McAfee Report Estimates Global Cybercrime Losses to Exceed $1 Trillion

    2020-12-07

    BusinessWire: McAfee Corp. (Nasdaq: MCFE) –McAfee today released a new global report titled “The Hidden Costs of Cybercrime,” which focuses on the significant financial and unseen impacts that cybercrime has worldwide. The report, conducted in partnership with the Center for Strategic and International Studies (CSIS), concludes that cybercrime costs the world economy more than $1 trillion, or just more than one percent of global GDP, which is up more than 50 percent from a 2018 study that put global losses at close to $600 billion. Beyond the global figure, the report also explored the damage reported beyond financial losses, finding 92 percent of companies felt effects beyond monetary losses.

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    Know Your Breach: Apodis Pharma

    The target: Apodis Pharma, a France based digital supply chain management company.

    The take: 1.7 Terabytes of information including: 4,400 records of client, partner, and employee names. 17 million records of confidential sales data, prices, and order quantities between Apodis and their customers.

    The attack vector: A publicly accessible Kibana dashboard was left unsecured and accessible to anyone with an internet connection. This Kibana dashboard gave access to the database, exposing all of the contained information inside.

    Compromised management software can lead to a waterfall effect of exposures. Robust credential control around software which grants multiple levels of access is extremely critical to maintaining a firm’s security. This breach highlights the importance of the management of employee tools and how they are accessed, used, and secured, offering a stark reminder of how tightly managed access should be.

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    Phishing Ploy Targets COVID-19 Vaccine Distribution Effort

    2020-12-03

    Yahoo Finance: IBM security researchers say they have detected a cyberespionage effort using targeted phishing emails to try to collect vital information on the World Health Organization's initiative for distributing COVID-19 vaccine to developing countries.

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    Acronis Cyberthreats Report Predicts 2021 Will Be the "Year of Extortion"

    2020-12-03

    Cision: Acronis, a global leader in cyber protection, today released its Acronis Cyberthreats Report 2020, its in-depth review of the current threat landscape and projections for the coming year. Based on the protection and security challenges that were amplified by the shift to remote work during the COVID-19 pandemic, Acronis warns 2021 will bring aggressive cybercrime activity as criminals pivot their attacks from data encryption to data exfiltration.

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    Australian Crypto Exchange Exposes Personal Data of 270K Users

    2020-12-02

    Yahoo Finance: As reported by Business Insider Australia , the exchange revealed the names and email addresses of over 270,000 users when it sent out mass emails. The error saw names and addresses placed in the “to” section rather than individually addressing each recipient or using blind carbon copy.

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