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MSSP Alert: Private equity firm Francisco Partners is acquiring cybersecurity company Forcepoint from defense contractor Raytheon Technologies. Financial terms of the deal were not disclosed. This is M&A deal 436 that MSSP Alert and sister site ChannelE2E have covered so far in 2020. See the full M&A deal list here.
Forbes: Data has often been called the most valuable commodity of the digital world or the most valuable resource (paywall) in the world. In modern economics, it has perhaps surpassed the traditional worth of gold. Some have even gone on to suggest that it is as real an asset as land is, and perhaps even a more profitable factor for production in terms of revenue potential.
The target: MAXEX, an Atlanta-based residential mortgage trading company.
The take: 9GB of internal company and client data including: confidential banking information, login credentials, emails, penetration test reports, and full mortgage documentation for 23 individuals.
The attack vector: The breach took place due to an unsecured, publicly exposed Jenkins server. A server of this type is used in a variety of highly sensitive activities in the operation and development of software applications. Notably in this breach, MAXEX had stored login credentials in plain text with enough permissions to compromise many of its other systems.
This breach highlights the importance of properly securing data. Furthermore, it underscores the critical importance of credential management as a compromise in one system can easily lead to a pivot to other systems, which can have a cascading negative impact upon company and client data.
TechRepublic: The world's biggest social media companies may have to put more of a priority on security now that a New York state financial watchdog is calling for the creation of a designated regulator tasked with monitoring their cyber defense.
Reuters: The stock opened at $18.60 per share, compared with its IPO price of $20 per share. At the debut price, the company was valued around $8 billion. McAfee priced its IPO towards the lower end of its targeted range between $19 and $22 per share.
KnowBe4: Mid-level managers need to be particularly wary of targeted phishing attacks, according to Jenn Gast at INKY. Gast explains that criminals can easily conduct open-source research on a company’s organizational structure and craft spear phishing messages to trick its employees.
CNN: Director of National Intelligence John Ratcliffe said Wednesday both Iran and Russia have obtained US voter registration information in an effort to interfere in the election, including Iran posing as the far-right group Proud Boys to send intimidating emails to voters.
Yahoo Finance: Sixty-four per cent of organizations failed to report cyber breaches this year, over fears of reputational damage at a time when more customers are seeking service online, a cybersecurity expert explains.
Security Magazine: Financial services institutions and banks around the globe face monumental challenges as they look to streamline service delivery for customer transactions, manage multi-party loan processes, collaborate on industry benchmarks and indices, and eliminate fraud and cybercrime.
Cision: Sepio Systems, the leader in Hardware Access Control (HAC), today announced the availability of a new research note conducted with TAG Cyber, LLC, the leader in democratizing world-class cyber security research and advisory services, and co-authored by Sepio Systems, that claims rogue devices are posing severe threats to the financial services industry.
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