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CTV: Hackers may have obtained the personal data of 15 million LifeLabs customers after a systems breach, and this includes addresses, passwords, birthdays, health card numbers and even lab results.
ZDNet: Awareness and management of cybersecurity risk is improving in Australia's financial market, said the Australian Securities and Investments Commission (ASIC), but there is still room for improvement across the entire sector.
Cyberscoop: LogMeIn, the Boston-based software company that owns password manager LastPass, said it will sell itself to two private equity companies as part of a cash deal valuing LogMeIn at roughly $4.3 billion.
The Guardian: Russian agents have been accused of worldwide hacking operations, but someone at the Kremlin has apparently forgotten to inform Vladimir Putin of the importance of cyber-security.
The target: A Chinese Venture Capital firm.
The take: $1 million.
The attack vector: The “man-in-the-middle” attack occurred when the Venture Capital firm transferred funds to an Israeli start-up company. The breach began with the threat actor creating two lookalike domains, both mirroring the VC firm and the Startup firm, but with an extra “s” at the end of the address. They then sent two emails, both posing as the VC firm’s CEO and as the start-up’s CEO, tricking both parties into sending sensitive banking information which the attacker then modified to hijack the money.
This coordinated attack highlights the critical need for human vigilance and the implementation of robust controls. Scrupulous validation of transactions where assets – funds or sensitive information - are being transferred is central to effective protection.
ZDNet: A mysterious new phishing campaign is targeting government departments and related business services around the world in cyber attacks which aim to steal the login credentials from the victims.
The Jerusalem Post: Just a few weeks since Iranian protesters torched hundreds of bank branches throughout the country, the Islamic republic’s financial authorities are dealing with another threat: A cyber attack caused the bank details of millions of Iranians to be published online, The New York Times reported.
Reuters: North Korean state-backed hackers appear to be cooperating with Eastern European cybercriminals, a report here said, a finding that suggests digital gangsters and state-backed spies are finding common ground online.
CTV: The Desjardins Group says the employee who stole the personal data of 4.2 million members of the financial co-operative also gained access to information for 1.8 million credit card holders.
Business 2 Community: Up until the early eighties, transactions at financial institutions were handwritten, calculated long-hand, and done without the aid of a computer or calculator. Fast forward many years and not only can we make deposits and automate our bills to be paid online, but many employees of financial institutions are starting to work remotely as well.
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