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Forbes: Recently, research firm Cybersecurity Ventures shared its “Top 10 Cybersecurity Predictions And Statistics For 2023,” which unveiled the alarming fact that global cybercrime financial damage will reach $8 trillion in 2023 and $10.5 trillion by 2025.
Cointelegraph: Bankrupt cryptocurrency exchange FTX has restored its customer claims portal with tighter security protocols, which was previously shut down due to a cyberattack.
The Target: The European aerospace giant Airbus
The Take: The hacker claimed to have details on thousands of Airbus vendors, including names, addresses, phone numbers and emails.
The Vector: Hackers breached an “IT account associated with an Airbus customer” and the company then investigated the incident. This account was used to download business documents dedicated to this customer from an Airbus web portal, the company said.
This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.
Crunchbase: Israel has long taken pride in its blossoming tech startup scene, which has birthed large companies such as Check Point Software, CyberArk and Imperva, and trails only the U.S. in terms of cybersecurity funding.
CSO: More half of the UK population would be supportive of the UK government and its allies breaking international cybersecurity law, under the right circumstances.
Bleeping Computer: Global cryptocurrency exchange CoinEX announced that someone hacked its hot wallets and stole large amounts of digital assets that were used to support the platform's operations.
The Hill: A long overdue policy change to improve corporate governance on cybersecurity is taking effect. These companies are drivers of innovation and critical to the strength of the U.S. economy.
Cybersecurity Dive: MGM Resorts officially disclosed a “cybersecurity issue” with the Securities and Exchange Commission in an 8-K filing, after taking its systems offline earlier.
Forbes: Gone are the days of calling in your stock trades from your local coffee shop and U.S. Postal Service-delivered bank statements. The finance industry of today is accessible at the touch of a button.
Business Standard: Almost half of security chiefs at the world’s biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, fraud and the leaking of sensitive information.
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