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Industry News: ESG5

    Canada Faces Massive Shortage of Cybersecurity Workers

    2019-09-02

    The Globe and Mail: Lack of candidates who are able to prevent data breaches means agencies, businesses and customers are left vulnerable to attacks.

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    India Inches Closer to Becoming a Cybersecurity Superpower

    2019-09-02

    Business Standard: The 'Digital India' and 'New India' mission has been offered an essential impetus by an Indian Ethical hacker, Khushhal Kaushik. His passion, drive and burning desire to 'go the extra mile', has helped him strengthen India's stature in the global cyber security industry. Conventionally, western countries have always ruled the cyber security domain.

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    BEC Overtakes Ransomware and Data Breaches in Cyber-Insurance Claims

    2019-09-02

    ZDNet: Business email compromise (BEC) has overtaken ransomware and data breaches as the main reason companies filed a cyber-insurance claim in the EMEA (Europe, the Middle East, and Asia) region last year, said insurance giant AIG.

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    Cybersecurity Software Company Imperva Suffers Data Breach

    2019-08-30

    Security Magazine: In a blog post, Imperva said its Cloud Web Application Firewall (WAF) product, formerly known as Incapsula suffered a data exposure incident. On August 20, Imperva learned from a third party of the data breach that impact Cloud WAF product who had accounts through September 15, 2017.

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    Know Your Breach: Lyons Companies Insurance Broker

    The target: Lyons Companies Insurance Broker

    The take: Personal customer information including names, date of birth, contact information, driver license numbers and financial records. Medical information such as patient identification numbers, diagnosis and treatment information, Medicare/Medicaid ID numbers, health insurance and claims information were also compromised, along with a small number of Social Security Numbers.

    The attack vector: Attackers gained access to two Lyons employee email accounts between February and March of 2019, and used these credentials to access the above information and offload the sensitive data.

    Stringent and robust employee password protocols and the implementation of two-factor authentication are paramount in providing a strong bulwark against account compromises.

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    Stakeholders Seek Action Against Cyber Attack on Financial Institutions

     

    2019-08-29

    The Guardian: Internal Auditors and other stakeholders have emphasised the need for financial institutions to establish stiffer measures and proper monitoring to check incessant attacks on the cyberspace.For them, the organisations, particularly, financial institutions need to invest more in implementing additional security infrastructure and training of its personnel in cyber security.
     

    OTP's Bulgarian Unit Fined for Data Breach Affecting Over 33,000 Clients

    2019-08-28

    Reuters: The personal data watchdog said the full names, addresses, copies of ID cards as well as bank account numbers and property deed data of 33,492 people who have taken loans from the bank had been improperly disclosed and accessed by third parties.

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    French 'Cybercops' Dismantle Pirate Computer Network

    2019-08-28

    BBC: A team of French police dubbed "cybergendarmes" has destroyed a virus that infected more than 850,000 computers worldwide, authorities say.

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    Serious Cyber Attack Could Trigger Full NATO Response, Says Jens Stoltenberg

    2019-08-28

    Sky News: A cyber attack such as the strike that brought down NHS hospitals in 2017 could prompt a response from all NATO countries, the alliance's general secretary has said.

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    Banks Told to Tighten Data Security

    2019-08-27

    Financial Review: New Payments Platform Australia, the real-time system owned by the big four banks and 11 other financial institutions, is under pressure to explain how almost 100,000 customers' personal details were accessed as part of its second data breach in three months.

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