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Security Week: Insurance is a fundamental aspect of business risk management used to spread or mitigate financial risk by transferring it to a third party.
Reuters: British cyber security officials are investigating whether classified UK-U.S. trade documents that were shared online ahead of Thursday’s election were acquired by hacking or were leaked, two sources told Reuters.
The target: Sprint, an American telecommunications company.
The take: 261,300 documents, including phone bills and bank statements containing: names, addresses, phone numbers, and in some cases, screenshots with subscribers’ online usernames and account PINs.
The attack vector: A misconfigured cloud storage bucket was publicly exposed and not protected by a password, allowing anyone with internet access to download the contents. The misconfiguration was traced a marketing agency contracted by Sprint.
Any subsidiary or contractor which handles sensitive data is a potential breach source. Internal security controls must be extended to third parties handling a firm’s sensitive data.
The Economic Times: Tel Aviv, Researchers from cybersecurity firm Check Point have revealed how hackers stole $1 million seed funding sent by a Chinese venture capital firm to an Israeli start-up.
Reuters: U.S. authorities on Thursday took aim at a Russian cybercriminal group known as Evil Corp, indicting its Lamborghini-driving alleged leader and ordering asset freezes against 17 of his associates over a digital crime spree that has netted more than $100 million from companies across the world.
Ottawa Business Journal: Students and researchers at the University of Ottawa will now have access to tools and expertise on the cybersecurity sector from IBM Canada.
Washington Post: On Nov. 18, a United Nations committee passed a Russia-backed cybercrime resolution by a vote of 88 to 58, with 34 countries abstaining. Russia, Belarus, Cambodia, China, Iran, Myanmar, Nicaragua, Syria and Venezuela sponsored the resolution, titled “Countering the use of information and communications technologies for criminal purposes.” The United States said it is “disappointed with the decision.”
The Telegraph: The West was slow to respond to the threat of cyber attacks, the chief of the NATO Cooperative Cyber Defence Centre (CCDCOE) has admitted.
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Business Standard: National Cyber Security Coordinator (NCSC) Lt Gen (retd) Rajesh Pant raised concern over the lack of cyber-infrastructure in the country and said are we waiting for a cyber earthquake before getting our act together.
Tech Crunch: Israel is a powerhouse in both offensive and defensive cyber operations, with cybersecurity giants CyberArk, Check Point, and Illusive Networks all founded in the country in recent years.
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