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Cybersecurity Dive: Chief information security officers are increasingly concerned about the risk of a cyberattack, and a growing number say they have experienced a material loss of data over the past year, according to a report released by Proofpoint.
TechRadar: A function that was once buried deep within IT departments, cyber security is now firmly making its way up the boardroom agenda. 72% of UK businesses now classify cyber security as a high priority, with that extending to 96% of large businesses.
The Target: Workday, the cloud-based software company providing human resources systems
The Take: The threat actor was able to obtain what Workday described as “commonly available business contact information, like names, email addresses, and phone numbers,” which it speculated could be exploited “potentially to further their social engineering scams.”
The Vector: In its statement, the company said it “recently identified that Workday had been targeted and threat actors were able to access some information from our third-party CRM platform,” although it did not identify which platform it uses.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
Cyber Daily: Following Prime Minister Anthony Albanese’s move to recognise the Palestinian state, and Israel’s response, hacktivists groups have already begun to make their mark on government agencies and education institutions.
Private Equity Insights: Insight Partners, which acquired Armis in 2020, is expected to generate $2bn–$3bn from the deal, according to Globes. Other key investors include Georgian, G Squared, One Equity Partners, CapitalG, Brookfield, General Catalyst, and Alkeon Capital.
The Record: An Indiana-based drug research company said a recent ransomware attack has disrupted its business operations and forced a shutdown of critical systems.
Dark Reading: The Allianz Life data breach, which the company confirmed in July, led to hackers allegedly stealing the personal data of around 1.1 million customers. The insurance giant has 1.4 million customers, and its parent company, Allianz, has more than 125 million.
Cybersecurity Dive: Enterprises rushed into AI deployment plans while the hype haze was thick. Now that the risks are clearer, business leaders are looking for ways to remediate.
MSN/Canadian Press: The Canadian Investment Regulatory Organization says it shut down some of its systems as a precaution after identifying a cybersecurity threat on Aug. 11. It says a preliminary investigation indicates that some personal information of member firms and their registered employees was affected.
CSO Online: CISOs have a one in four chance of their job surviving a successful ransomware attack, according to a recent Sophos report. The report’s findings are a wakeup call for CISOs regardless of whether they are found at fault or have any meaningful authority to block such attacks, industry experts say.
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