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Irish Independent: A law firm transferred €97,000 to cyber criminals after its email system was hacked. The fraud occurred after an email sent by a solicitor to the firm's bookkeeper, containing instructions for the making of a payment, was intercepted and bank account details were changed. Details of the attack...
ABC (Australia): A hacker has been able to send messages via text, email, and landline to tens of thousands of people across Australia after an emergency warning alert service, used by councils, was hacked. The message sent from the Early Warning Network on Friday night warned "EWN has been hacked. Your personal data is not safe. Trying to fix the security issues"...
Economic Times: Markets regulator Sebi Thursday put in place a robust and stricter cybersecurity framework for mutual funds and asset management companies (AMCs) to guard against breaches of data leak...
Tech Crunch: The Israeli cybersecurity industry has long been recognized as a hotbed for innovative solutions, and 2018 to be yet another strong year. Early stage companies raised more money than ever before to tackle emerging security threats like protecting the proliferating number of internet-connected devices and enabling blockchain technologies to thrive in more secure environments.
Information-age: Phishing, cyber bots, multi-cloud strategies, zero trust, diversity in cyber and blockchain and cyber: we are set to enter a tumultuous period for cyber crime: but AI and cyber security will become the partnership that both cyber security and cyber criminals will put their faith in...
The target: The reservation database for Marriott hotel chain’s recently acquired Starwood subsidiary was compromised from 2014 until September of 2018.
The take: 170 million customers had only names, addresses & e-mail addresses stolen, while 327 million more lost some combination of name, home address, e-mail, date of birth, gender, and passport numbers. Marriott have confirmed that over 5 million unencrypted passport numbers were accessed by attackers.
The attack vector: It is suspected that the merging of information systems after the Starwood acquisition created the vulnerabilities that were exploited by suspected state actors. Marriott hotels are often the preferred hotel of US government and military officials.
Reuters: A cyber attack caused major printing and delivery disruptions at the Los Angeles Times and other major U.S. newspapers, including ones owned by Tribune Publishing Co (TPCO.O) such as the Chicago Tribune and Baltimore Sun.
The Globe and Mail: Cybersecurity is top of mind for Canadian financial planners as firms adapt to evolving threats from hackers, phishers and ransomers.
While the financial services industry has long been a target, cyberattacks are growing more sophisticated and frequent. Last year, Statistics Canada reported more than one-fifth of Canadian businesses experienced a cybersecurity incident that impacted their operations.
The Irish Times: The Central Bank plans to pile pressure on financial institutions to get to grips with mounting cybersecurity, Brexit and other risks related to their outsourcing arrangements, as it found in a survey that many boards have little understanding how others manage these crucial functions.
Financial Post: eSentire, Inc., the largest pure-play Managed Detection and Response (MDR) provider, today unveiled Cybersecurity FutureWatch 2018, a new research report that explores security evolution and maturity amid emerging technology adoption and evolving business needs. The report, which is based on a survey of more than 1,250 senior executives, management and security practitioners in the U.S., U.K. and Canada, found that only 30 percent of respondents are confident their business will avoid a major security event in the coming two years and 60 percent believe an attack will hit in the next few years.
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