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ZDNet: New research released today from Mountain View, CA-based security platform MobileIron has revealed that the C-suite is the most likely group within an organization to ask for relaxed mobile security protocols, despite this group also being highly targeted by malicious cyber attacks.
Institutional Asset Manager: Cybersecurity is consistently in the top quartile of exchange and CCP focus, according to the WFE’s regular surveys of membership priorities. Across the membership, market infrastructures have dedicated time and resources to contingency planning and the associated cybersecurity requirements. These efforts are typically subject to regulatory and supervisory scrutiny, as well as in-house or external auditor stress testing.
ZDNet: The coronavirus pandemic has forced both employers and employees to quickly adjust to remote working – and, often without the watchful eyes of IT and information security teams, workers are taking more risks online and with data than they would at the office.
Charlotte Business Journal: The breach occurred on April 22, as BofA uploaded PPP applications onto the U.S. Small Business Administration's test platform, according to a filing with the California Attorney General's Office. The limited-access platform allowed lenders to test PPP submissions before the second round began.
ZDNet: Made public on May 19, easyJet said that information belonging to nine million customers may have been exposed in a cyberattack, including over 2,200 credit card records.
BCW: Businesses of all sizes still harbour the belief that simply having a cybersecurity strategy and implementing the right policies is the complete answer to defending against cybercrime. However, the reality is that much more is needed to achieve strong defences in today’s heightened threat landscape. In fact, according to the recent UK government Cyber Security Breaches Survey 2020, almost half of UK businesses (46%) reported a cybersecurity breach or attack in the last 12 months.
The target: Covve, an ‘intelligent contact management solution’.
The take: a 90GB database containing names, e-mail addresses, phone numbers, business names & titles, social networking links and personalized notes affecting more than 23 million individuals.
The attack vector: While this incident was, at its core, another all too familiar instance of an unsecured database left publicly exposed, the notable factor in this breach is that the personally identifiable information leaked wasn’t that of the service’s users. Since Covve is a contact management app, the names, contact details, notes and social networking handles that were publicly leaked all belong to individuals who do not and probably never have used the service.
From an individual standpoint, this breach highlights just how challenging it can be to maintain control over personal information – 23 million people, through no action of their own, saw their personal information exposed in this breach. From an organizational standpoint, again – a firm must be acutely aware of the kind of data they are storing and processing, and be able to ensure that it is being handled and protected in a manner commensurate to the sensitivity of that data.
GlobeNewswire: Forescout Technologies, Inc. (Nasdaq: FSCT), the leader in device visibility and control, filed a complaint with the Delaware Court of Chancery asserting that affiliates of Advent International Corporation (“Advent”) have violated the terms of their merger agreement with Forescout. Forescout is asking the Court to compel Advent to honor its commitments and immediately complete the pending acquisition of Forescout.
Insurance Business America: Allianz Group has announced the appointment of Dr. Catharina Richter as global head of its Cyber Center of Competence (CoC). The appointment will take effect June 01.
CNN Business: What started as a school-based program to teach kids a new skill is extending into a virtual cyber school. It's filled with lessons and games to teach users how to fix security flaws on webpages, uncover trails left by cybercriminals and decrypt codes used by hackers.
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