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Industry News: ESG5

    Know Your Breach: The American Land Title Association

    The target: The American Land Title Association (ALTA)

    The take: Usernames and passwords of insurance agents, abstracters and underwriters.

    The attack vector: A threat actor claiming to be an ethical hacker who claimed they had access to over 600 records. They also enacted a phishing campaign asking members to open a PDF listing the membership directory to confirm their information.

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    Cyber Attacks Cost The World $45 bn in 2018; Ransomware Hit Govts Hard

    2019-07-09

    Business Standard: An estimated two million in 2018 resulted in more than $45 billion in losses worldwide as local governments struggled to cope with  and other malicious incidents, a study showed.

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    Mozilla Blocks UAE Bid to Become an Internet Security Guardian After Hacking Reports

    2019-07-09

    Reuters: Mozilla said in a statement it was rejecting the UAE’s bid to become a globally recognized internet security watchdog, empowered to certify the safety of websites for Firefox users.

    Mozilla said it made the decision because cybersecurity firm DarkMatter would have administered the gatekeeper role and it had been linked by Reuters and other reports to a state-run hacking program.

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    NAB Ventures Leads $14 Million Raise for Cyber Security Start-up

    2019-07-09

    Financial Review: The venture capital arm of National Australia Bank has led a $US10 million ($14 million) investment in Silicon Valley-based cyber security start-up Digital Shadows, a business which helps brands identify their exposure to cyber threats and better manage their digital assets.

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    Marriott Faces $124 Million Fine From U.K. for Data Hacking

    2019-07-09

    Bloomberg: The cyber attack, which Marriott disclosed last year, exposed information on 339 million guest records, including 7 million related to British residents, the U.K. Information Commissioner’s Office said in a statement. It’s the second time in two days the regulator has taken advantage of far-reaching European Union powers after proposing a 183.4 million-pound penalty against British Airways.

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    Privacy Watchdogs Launch Investigation Over Desjardins Privacy Breach

    2019-07-09

    CBC: The Office of the Privacy Commissioner of Canada and its Quebec equivalent said the probes will examine whether Desjardins was in compliance with federal and provincial laws around personal information protection.

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    Orange Completes the Acquisition of SecureLink, Reinforcing its Cybersecurity Operations in Europe

    2019-07-08

    Orange: With more than 660 employees, SecureLink reported revenues of 248 million euros in 2018. Today, the company serves more than 2,100 customers from a wide range of industries. SecureLink offers its customers specialist services in cybersecurity consulting, security maintenance and around-the-clock support from its “CyberSOCs” (Cyber Security Operations Centers), as well as advanced incident detection and response capabilities.

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    The Canadian Centre for Cyber Security Releases Baseline Controls

    2019-07-08

    Mondaq: The Canadian government’s Canadian Centre for Cyber Security (“CCCS”) has released Baseline cybersecurity controls for small and medium organizations in an effort to help small and medium-sized businesses improve their cybersecurity practices and their overall resiliency to cybersecurity threats.

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    Know Your Breach: Georgia Tech

    The target: The Georgia Institute of Technology, a public university headquartered in Atlanta

    The take: The personal information of 1.3 million employees and students, including names, addresses, social security numbers and dates of birth.

    The attack vector: Security failures in a web application allowed attackers to access the connected database and exfiltrate the contained data.

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    Scammers Utilize Social Media, CFTC Warns

    2019-07-03

    Investment Executive: Fake, unregistered investment schemes and other sorts of scams being touted on social media are the focus of a new investor warning from U.S. derivatives regulators.

    The U.S. Commodity Futures Trading Commission (CFTC) issued an advisory warning investors about scammers utilizing social media platforms to lure victims.

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