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IT World Canada: Half a year after suffering arguably the worst data breach in Canadian history, LifeLabs provided its customers with an update on what it’s doing to make sure history isn’t repeated.
Coin Telegraph: An Israel-based company reportedly paid $250,000 in Bitcoin for a ransom payment demanded by hackers that threatened to shut down its systems after a ransomware attack.
The target: Genworth Financial, a fortune 500 Insurance holding company for mortgages and long term care.
The take: Personally Identifiable data of 1600 clients including: name, address, age, gender, date of birth, financial information, social security number, and signature.
The attack vector: The attackers gained unauthorized access through compromised login credentials belonging to some of Genworth’s third party insurance agents. These agents use an online access portal run by Genworth to manage their client’s policies. By exploiting the hacked logins, the threat actors were able to gather a trove of data which is very valuable for phishing attacks, identity theft and more.
This attack highlights the critical need for robust credential management amongst not only a firm’s employee, but also amongst third parties, and wherever access to a firm’s data is concerned.
The Canberra Times: The almost instant move to working and socialising from home due to coronavirus has left Australian businesses and homes vulnerable to cyber attacks as communication and data has moved to insecure online platforms.
Money Management: The new fund, which would target sophisticated investors, in particular high net worth individuals (HNWI) and family offices, would aim to provide 12% per annum returns. It would invest in three to four companies over the next 12 to 24 months, made up of cyber security and other national security related small and medium enterprises (SMEs).
CRN: Thoma Bravo plans to cut up to 16 per cent of Sophos workforce, according to reports. The private equity giant completed its acquisition of the UK-based cybersecurity firm in early March, and has now moved quickly to cut costs.
Yahoo Finance: U.S. authorities are investigating a vast hacking-for-hire operation that involves attempts to pilfer confidential communications from investigative journalists, short sellers and advocacy groups fighting climate change, according to law enforcement officials, court documents and cybersecurity officials who have tracked the scheme for years.
Reuters: A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years.
ZDNet: Honda, the Japanese car manufacturer, has confirmed it has been hit with a cyberattack that has impacted some of its operations, including production systems outside of Japan.
Bloomberg Law: Advent International Corp. countersued Forescout Technologies Inc. in Delaware Monday, six weeks before a YouTube trial over the breakdown of their $1.9 billion take-private buyout, saying the deal’s collapse can’t be blamed on the coronavirus alone.
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