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Industry News: ESG5

    Cost of Cyber Breach Recover Hits All-Time High of $5.8M

    2019-02-25

    CanadianSecurityMagazine: Cyber security incidents have become the new normal for Canadian companies, with 100 per cent of organizations experiencing attacks, according to the findings of a new study from Scalar Decisions Inc. of more than 400 Canadian IT and security workers...

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    Ionic Security Closes $40 Million Growth Round Led By JPMorgan Chase & Co. with Participation from Google LLC

    2019-02-27

    PRNewswire: It was announced that Ionic Security Inc. closed a $40 million Series E round led by financial services leader JPMorgan Chase & Co., with participation by Google LLC as a new investor. Current venture investors Kleiner Perkins, GV, Icon Ventures, Meritech Capital, TechOperators and Ten Eleven Ventures participated, alongside other new and existing investors. JPMorgan joins Goldman Sachs and SunTrust Bank as the third major financial services firm to invest in Ionic Security...

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    Tesco scam warning after customers caught out by fake email about grocery home orders

    2019-02-26

    Thescottishsun: TESCO customers are being warned about a new scam that could let fraudsters take control of your account. The supermarket said a number of its shoppers had received a phishing email about a grocery order they hadn't placed online. More than 400,000 phishing emails are reported to Action Fraud every year - and those are just the ones flagged by victims...

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    Hospitals Are Cyber Criminals’ Newest, Biggest Target

    2019-02-25

    Insidesources: Cyber attacks on hospitals and healthcare providers have become a regular occurrence.  On Feb. 1, it was Easton Hospital in Easton, Pennsylvania. On Feb. 4, it was the Catawba Valley Medical Center in Hickory, North Carolina. On Feb. 20, it was the Calbrini Hospital in Melbourne, Australia...

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    India ‘Millionaire’ Crypto Scam Tricks Victims Out Of $250K

    2019-02-26

    pymnts: A man in India tricked 12 people out of $250,000 with a scam involving a fake cryptocurrency named after the Indian version of the show “Who Wants To Be A Millionaire,” according to reports. Pritam Patil allegedly asked the victims to invest in the initial coin offering (ICO) of his “KBC Coin,” named after Kaun Banega Crorepati, a wildly popular Indian show...

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    Data breaches reported to FCA have risen 480% from financial services firms

    2019-02-25

    InformationAge: The number of data breaches reported by UK financial services firms to the Financial Conduct Authority (FCA) increased 480% in 2018, to 145 up from just 25 in 2017*, shows research from RPC, the City-headquartered law firm. Data breaches are on the rise. And, the financial services sector is an especially lucrative target; along with the personal data bulging healthcare sector...

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    Know Your Breach: British Airways

    The target: British Airways, the largest airline in the United Kingdom.

    The take: Payment card information for more than 380,000 customers.

    The attack vector: By injecting altered scripts into third-party webpages called during the payment and check-out process, malicious actors performed a digital ‘card skimming’ attack, stealing payment card information from BA’s clients from August and September of 2018.

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    California Proposes Tougher Customer Protections After Data Breaches

    2019-02-20

    CNN: California officials proposed legislation that, if passed, would set stricter guidelines for when companies need to inform customers of a data breach. The bill would require companies to notify California residents when their passport, passport card or green card numbers are compromised in data breaches. It would also require customers be notified of compromised biometric information such as fingerprints...

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    AI cybersecurity Specialist Senseon Secures USD6.4m in Seed Funding

    2019-02-20

    PrivateEquityWire: Senseon, an AI platform for cyber defence, has completed a USD6.4 million seed funding round led by venture capital fund MMC Ventures, alongside Mark Weatherford, former Deputy Under Secretary for Cybersecurity, US Department of Homeland Security. Additional investors include Amadeus Capital Partners, Crane Venture Partners and CyLon. The funding will allow Senseon to continue its rapid expansion in the UK and increase its presence in EMEA and the US...

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    Was Jeff Bezos the Weak Link in Cyber Security?

    2019-02-16

    BBC: Mr Bezos is the world's richest man, building his fortune via a company that is transforming the way we live with innovative technology. His business, Amazon, has cyber-security at the heart of everything it does. So how come he risked sending highly embarrassing photos to his lover's phone only to see them hacked and end up in the hands of a tabloid newspaper?...

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