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Industry News: ESG5

    Employees are Major Risk to Employers’ Cyber Security, Study Finds

    2019-02-18

    IrishTimes: Employees are still the weak link in the security system, with poor habits that potentially put organisations at risk of critical data and intellectual property loss, and severe legal and reputational repercussions, new research from Microsoft has found...

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    Chinese And Iranian Hackers Increase Cyber Attacks On US

    2019-02-18

    Telegraph: Businesses and government agencies in the United States have been targeted in aggressive attacks by Iranian and Chinese hackers who security experts believe have been energized by President Trump’s withdrawal from the Iran nuclear deal last year and his trade conflicts with China...

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    Know Your Breach: Aadhaar

    The target: India’s national ID database, Aadhaar.

    The take: Names, unique identity numbers, bank details and other private information for more than 1.1 billion registered Indian citizens.

    The attack vector: One utility’s channel to access the Aadhaar database was without any access control in place, used a hardcoded access token, and enforced zero rate-limiting – meaning that an attacker could cycle through all possible Aadhaar numbers and obtain information every time a valid number was hit.

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    Cyber attack on Malta bank tried to transfer cash abroad

    2019-02-13

    Reuters: Prime Minister Joseph Muscat told parliament the cyber attack involved the creation of false international payments totaling 13 million euros ($14.7 million) to banks in Britain, the United States, the Czech Republic and Hong Kong...

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    Home Loan Details of 100,000 Customers Hacked in Major Data Breach

    2019-02-12

    TheSydneyMorningHerald: The nation's biggest banks are scrambling to contact up to 100,000 customers who may have been caught up in a major data breach at property valuation firm, LandMark White. The breach, which LandMark White first revealed late on Friday, could include property valuations and personal contact information of home owners, residents, and property agents, including first and last names, residential addresses and contact numbers...

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    The Great Equifax Mystery: 17 Months Later, The Stolen Data Has Never Been Found, and Experts are Starting to Suspect a Spy Scheme

    2019-02-13

    CNBC: It was the consumer data security scandal of the decade. The information included Social Security numbers, driver's license numbers, information from credit disputes and other personal details. CEO Richard Smith stepped down under fire. Lawmakers changed credit freeze laws and instilled new regulatory oversight of credit ratings agencies. Then, something unusual happened. The data disappeared completely...

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    Hong Kong Banks Must Step Up Cybersecurity, Protect Customers’ Data as Online Scams Multiply, Warns Industry Leader

    2019-02-13

    SouthChinaMorningPost: Mary Huen Wai-yi, chairwoman of the Hong Kong Association of Banks (HKAB), said that as lenders have rolled out more digital banking services allowing customers to conduct transactions on their computers or smartphones, so the risks have multiplied. Her concerns are supported by figures from the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, which show cyberattacks on banks doubled last year. Online scams – including false banking websites, phishing emails and fake banking apps – reached 142 cases in 2018, a threefold increase from the 44 reported incidents in 2017 and a big leap from 35 a year before that...

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    Russia considers 'unplugging' from internet

    2019-02-11

    BBC: The test will mean data passing between Russian citizens and organisations stays inside the nation rather than being routed internationally. A draft law mandating technical changes needed to operate independently was introduced to its parliament last year. The test is expected to happen before 1 April but no exact date has been set...

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    Cybercrime Skyrockets in NSW as Murders and Robberies Fall

    2019-02-10

    ABCAustralia: In the first three months of 2017, the Australian Cybercrime Online Reporting Network (ACORN) received 11,775 reports, and the number increased to 14,189 at the start of 2018 — a rise of around 20 per cent. The reporting of cybercrime to police led to Katherine Nguyen, 23, becoming the first person in Australia to be charged over the alleged theft of crypto-currency last October...

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    Ex-US Intel Officer Charged with Helping Iran Target her Former Colleagues

    2019-02-13

    DarkReading: A former US Air Force intelligence specialist and counterintelligence agent with the Defense Department has been indicted for conspiring to provide national defense information to four Iranian nationals acting on behalf of the Iranian Revolutionary Guard Corps (IRGC)......

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