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Cision: Nearly two-fifths of European businesses have knowingly fallen victim to a cyberattack in the last five years, with 64% admitting that they may have been hacked unknowingly. This is compounded by a sense of apathy and acceptance, as 62% of respondents believe hackers are more sophisticated than security software developers.
The Australian: Australia’s banks and universities are being forced to fight off increasingly sophisticated cyber attacks, and NAB is responding through a new strategic partnership with La Trobe University to be finalized on Tuesday.
Cision: KeyData Associates Inc. (" KeyData"), a leading provider of cybersecurity services, announced today that it has been selected by the Government of Canada's Shared Services Canada (SSC) to provide security technology solutions and systems integration services to address the Privileged Access Management (PAM) requirements of the Government of Canada's cybersecurity strategy.
The Telegraph: Ripjar, a start-up headquartered in Cheltenham and backed by British hedge fund billionaire David Harding, saw its losses for 2018 climb to £3.7m from £1.9m the previous year. Administrative expenses rose to £5.6m from £3.2m in 2017, despite a 30.6pc increase in turnover to £2.6m.
Reuters: Private equity firms Permira and Advent International Corp have proposed a deal to buy Symantec Corp for more than $16 billion after the cyber security company agreed to a sale of a big chunk of its business.
Tulsa World: The FBI is investigating a cybertheft of $4.2 million from the state’s pension fund for retired Oklahoma Highway Patrol troopers, state agents, park rangers and other law enforcement officers.
The Target: Facebook, the social media giant.
The take: 419 million records which contained user’s unique Facebook ID and their associated phone numbers, as well as names, gender and country.
The attack vector: A server containing the data was left unsecured and publicly accessible. Facebook justified the security breach by explaining that the records were ‘old’, and believe that the user accounts in question were not compromised as a result of the breach.
Data breaches are a liability, regardless of whether or not the leaked data is in its most current form. Backups, replicates, and otherwise non-production datasets must be protected with the same encryption and protections to prevent the loss of sensitive information.
The Paypers: A Brazilian criminal gang has cloned Mastercard debit cards issued by German bank OLB and withdrew more than EUR 1.5 million from about 2,000 of its customers. Criminals have stolen the funds by cloning customer debit cards and then cashing out user funds across Brazil, despite the original cards being protected by EMV (chip-and-PIN) technology.
AGIO: In the context of cybersecurity, social engineering can best be defined as the use of deceptive tactics to prompt individuals to grant access or disclose information for fraudulent or malicious purposes.
ZDNet: Criminals are using AI-generated audio to impersonate a CEO's voice and con subordinates into transferring funds to a scammer's account. So-called deepfake voice attacks could be the next frontier in a scam that's cost US businesses almost $2bn over the past two years using fraudulent email.
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