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Industry News: ESG5

    6 Cybersecurity Lessons from 2020

    2020-11-03

    Dark Reading: The COVID-19 pandemic and the newly distributed workforce that it engendered upended security strategies and forced a rethink of approaches to securing remote workers and supply chains at many companies.

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    Cybersecurity: One In Three Attacks Are Coronavirus-related

    2020-11-03

    ZDNet: The UK's National Cyber Security Centre (NCSC) is 'stepping up support' for the National Health Service to help protect UK hospitals and other healthcare organisations against cyberattacks.

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    This Could Be the Most Expensive Data Breach Ever

    2020-11-02

    Tech Radar: JM Bullion, which sells gold, silver, copper, platinum and palladium, became the victim of a cyberattack back in February that was not discovered until July. It remains unclear why the hack is only just being disclosed publicly.

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    Cybersecurity Threats to Corporate America Are Present Now ‘More Than Ever,’ SEC Chair Says

    2020-11-02

    CNBC: In an interview on CNBC’s “Power Lunch,” stressed that significant cybersecurity threats remain, despite the ongoing coronavirus pandemic and election season. “Cyber risks have not gone away with the unfortunate, unforeseen risks we’ve faced with Covid and other uncertainties in our economy,” he said. “They’re still there, and they’re there more than ever.”

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    Know Your Breach: Gunnebo

    The target: Gunnebo, a Swedish-based security firm.

    The take: 38,000 sensitive company documents including: schematics of client bank vaults and surveillance systems, blueprints for monitoring and alarm equipment, and security function of Automatic Teller machines.

    The attack vector: Compromised credentials to an employee’s Remote Desktop Protocol account which had a password of ‘password01’. While the confirmation of this particular RDP account’s role in the attack is unverified, security researchers highlight the extremely poor password hygiene here and infer this practice is likely widespread within the firm.

    The breach highlights the critical important of robust password polices. Length, complexity, and aging standards for every company account are invaluable to preventing credential compromise.

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    FBI Warns of "Imminent" Ransomware Attacks On Hospital Systems

    2020-10-29

    CBS News: Federal agencies warned that cybercriminals are unleashing a wave of data-scrambling extortion attempts against the U.S. healthcare system designed to lock up hospital information systems, which could hurt patient care just as nationwide cases of COVID-19 are spiking.

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    6 Ways Passwords Fail Basic Security Tests

    2020-10-28

    Dark Reading: Humans are good at some things, like eating too many potato chips or getting annoying songs stuck in their heads. They're not so good at choosing edible wild mushrooms by appearance, for example, nor are they good at choosing strong, safe passwords. Unfortunately, that last item has some serious repercussions in the cybersecurity world.

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    Cybersecurity Market Continues Meteoric Ascent

    2020-10-28

    IT-Online: According to the World Economic Forum, cybercrime damages are projected to reach $6-trillion in 2021, which would equal the GDP of the world’s third largest economy. Spending by enterprises on cybersecurity is continuing to grow, defying the pandemic-driven economic downturn impacting global IT spending.

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    Half of Workers Admit to Opening Emails They Considered Suspicious

    2020-10-27

    GlobeNewswire: Mimecast Limited (NASDAQ: MIME), a leading email security and cyber resilience company, today released new research which highlights the risky behavior of employees using company-issued devices. More than 1,000 respondents in countries throughout the globe were asked about their use of work devices for personal activities and how aware they are of today’s cyber risks. The results highlighted the need for better awareness training, as people are clicking on links or opening suspicious emails despite having been trained.

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    Cyberattack Strikes Media-monitoring Company Used By Australian Government

    2020-10-27

    The Guardian: Isentia, which boasts it has “most government departments and large corporations” as clients in Australia, told the Australian Stock Exchange on Tuesday it is “urgently investigating a cybersecurity incident” that was “disrupting services” involving its media portal – a service customers use to see media reporting on them, or issues of interest to them, and find journalists.

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