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Industry News: ESG5

    2019 Saw More Cryptocurrency Hacks Than Any Other Year

    2020-01-28

    ZDNet: In 2019, hackers have successfully breached 11 major cryptocurrency exchanges and have stolen more than $283 million worth of cryptocurrency, according to blockchain analysis firm Chainalysis.

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    SEC Office of Compliance Inspections and Examinations Publishes Observations on Cybersecurity and Resiliency Practices

    2020-01-27

    SEC: The observations highlight certain approaches taken by market participants in the areas of governance and risk management, access rights and controls, data loss prevention, mobile security, incident response and resiliency, vendor management, and training and awareness.

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    NFL Twitter Accounts Hacked, Including Those of Super Bowl-bound Chiefs and 49ers

    2020-01-27

    NBC News: OurMine, a Saudi hacking account that promotes its own cybersecurity services, said it hacked a number of the league's accounts on its Twitter page. The first team to be exposed appeared to be the Chicago Bears.

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    Hackers Acting in Turkey's Interests Believed to Be Behind Recent Cyberattacks

    2020-01-27

    Reuters: Sweeping cyberattacks targeting governments and other organizations in Europe and the Middle East are believed to be the work of hackers acting in the interests of the Turkish government, three senior Western security officials said.

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    Know Your Breach: Microsoft

    The target: Microsoft

    The take: 250 million Call Centre records which included full conversations between service agents and customers, as well as a portion of customer emails, internal notes and IP addresses.

    The attack vector: Cloud databases across five different online servers were left unsecured, as a misconfigured security group left them exposed to the internet. These records could be used in extremely targeted and effective phishing campaigns against customers, impersonating Microsoft support agents and referencing internal case numbers and topics discussed.

    This breach again raises the critical consideration that effectiveness of an organization’s security relies on vigilant processes and validations where cloud technology is concerned no matter the scale of the infrastructure or the pedigree of the firm.

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    EY Survey: LPs Think You Overestimate Your Cybersecurity Strength

    2020-01-23

    Private Equity International: The increasing use of technology by private equity funds seems to have struck a chord with LPs, who disagree with their managers over how prepared the latter are for cyberattacks, according to the seventh annual EY Global Private Equity Survey.

    **Access to article requires a subscription**

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    Greek Top Court Approves Extradition of Cybercrime Suspect

    2020-01-23

    Reuters: Greece’s top administrative court has ruled in favor of extraditing to France a Russian man suspected of laundering billions of dollars in digital currency, a judicial official said.

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    Drawbridge Partners Appoints VP of Business Development

    2020-01-23

    Hedge Week: Drawbridge Partners, a cybersecurity software and services firm specialising in the needs of hedge fund and private equity managers, has appointed Lyons as Vice President of Business Development. 

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    UN Calls for Investigation After Saudi Crown Prince Implicated in Hack of Jeff Bezos' Phone

    2020-01-23

    CNN: UN experts said they are "gravely concerned" by information they have received suggesting that a WhatsApp account belonging to Saudi Crown Prince Mohammed bin Salman was used to deliver spyware to the mobile phone of Amazon CEO Jeff Bezos.

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    Cybercrime Laws Need Urgent Reform to Protect UK

    2020-01-22

    The Guardian: Britain’s cyber-defences are being endangered by the outdated Computer Misuse Act, which prevents investigators from dealing effectively with online threats while over-punishing immature defendants, according to a legal report.

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