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Forbes: How each cybersecurity CEO responds to the challenges of keeping employees safe, customers secure and product release cycles on schedule while still achieving customer success – all virtually – provide valuable insights into leading a company during difficult times. Simon Biddiscombe, CEO of MobileIron, exemplifies the empathy all CEOs interviewed have for their employees' welfare. "My first priority when the pandemic hit was to protect the health and safety of our employees, yet still maintain an "always-on business" for our customers," Simon mentioned during a recent interview.
IT Pro Portal: According to a new report from PwC, based on a poll of 3,249 businesses worldwide, which states that almost all UK businesses are switching up their cybersecurity strategy due to Covid-19, with half considering cybersecurity in every decision.
SIX: Swiss banking has existed since the end of the 14th century. With the emergence of the modern banking system from 1850 onwards, our strengths became increasingly apparent: stability and security. Today, in the 21st century, these strengths are more important than ever. Cybercrime is considered one of the most important operational risks in our industry. As a financial center, we must therefore join forces. Cooperation is key. When it comes to cyber security, we must not make any distinction between large and small or bank and insurance. We must act together. We at SIX are prepared to support all the players in Switzerland in their efforts.
Security Magazine: Eighty percent of companies say that an increased cybersecurity risk caused by human factors has posed a challenge during the COVID-19 pandemic, particularly in times of heightened stress. This is according to Cyberchology: The Human Element, a new report that explores the role employees and their personality play in keeping organisations safe from cyber threats.
TechRepublic: The coronavirus pandemic has impacted the world on so many levels, and that includes the realm of cybercrime. Criminals have focused their efforts on malicious campaigns designed to exploit the virus and its ramifications. As COVID-19 continues to threaten the world, these types of attacks are expected to persist, according to cyber threat intelligence provider Check Point Research. In a report released titled Securing the 'next normal, Check Point discussed its 2021 predictions in the face of the pandemic.
Plan Sponsor: Plan sponsors might think they can breathe a sigh of relief following a recent decision from U.S. District Judge Thomas Durkin for the Northern District of Illinois. The decision dismissed Abbott Laboratories from a lawsuit related to a cybersecurity theft from an employee’s retirement account, ruling that the plan participant failed to prove that Abbott itself is a fiduciary with regard to the alleged failures.
The target: GrowDiaries, an online community for marijuana growers.
The take: 2 million user records including: usernames, email address, IP addresses, user posted articles, and user account passwords.
The attack vector: The breach occurred because of a credential management and best practice failure . The site failed to secure its database management application, Kibana, which was left exposed online with no password protection, allowing anyone with an internet connection to access the site. Furthermore, passwords stored in one of the databased were encrypted with weak format known as MD5, which is insecure and can be easily cracked.
Management applications which grant access to user data should always be secured with commensurate levels of security protection. In addition to securing all access points, protection of data ‘at rest’ should include rigorous controls around password tables including hashing, salting, and strong encryption to ensure that if a breach does occur, the damage to clients is mitigated as much as possible.
ZDNet: Upon request from the government of Brazil, US law enforcement participated in "Operation Egypto," a Brazilian federal investigation into the suspected scam, the US Department of Justice (DoJ) said.
Cision: Owing to technological advancements, the world today is living in a digital era and the adoption of cloud solutions has increased significantly. While digitalization has numerous benefits, it has also resulted in the rise in number of cyber-attacks across the globe. Hackers are increasingly breaching personal data of people, including credit card numbers, social security number, email addresses, and passwords. Attributed to this, the need for cyber insurance has been growing substantially as well.
PYMNTS: Folksam shared client data with Facebook, Google, Microsoft, LinkedIn and Adobe, the Swedish company said in a statement on Tuesday (Nov. 3). The firm said it discovered the breach after an internal audit and that it has reported the breach to Swedish regulators.
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