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BNN Bloomberg: Decentralized lending protocol Euler Finance was hit by an attack that drained $197 million in cryptocurrencies from its platform, making it the largest hack in its corner of the digital-assets market this year.
Dark Reading: The stunning collapse of Silicon Valley Bank (SVB) could put a damper on the ability of venture-backed cybersecurity startups to secure vital capital for operations and strategic investments.
The Target: Community Health Systems, a U.S based multi-state hospital chain.
The Take: Exposure of 1 million records of Personally Identifiable Information including: full names, medical billing and insurance information, diagnoses, medication, date-of-birth, and social security numbers.
The Vector: A zero-day exploit was used to breach a third-party vendor, Fortra, of CHS, targeting their file transfer software which let the attackers gain access to sets of files throughout the third-party vendor’s systems.
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.
GlobeNewswire: The cyber security market growth includes increased number of data breaches across the globe, rising digitalization, and increased sophisticated cyber intrusions. Cyber threats are anticipated to evolve with the increase in usage of devices with intelligent and IoT technologies.
The Guardian: The cybersecurity firm Darktrace has warned that since the release of ChatGPT it has seen an increase in criminals using artificial intelligence to create more sophisticated scams to con employees and hack into businesses.
Dark Reading: The Biden administration's plans to introduce minimum cybersecurity requirements for organizations in critical infrastructure sectors could face challenges in a divided Congress.
BNN Bloomberg: Shares in BlackBerry Ltd. were down more than 10 per cent in early trading after the company lowered its fourth-quarter and full-year revenue expectations for its cybersecurity business. The dip in share price comes as the company said some large deals that were expected to close in the quarter were not completed in time.
Mondaq: Cybersecurity risk applies to businesses of all sizes and across all industries - it is a risk that cannot be ignored. In particular, cybersecurity risk can no longer be ignored in the deal lifecycle. Time and again, investors have seen value evaporate after an acquisition target or new portfolio company is breached by a threat actor.
Axios: Health systems buffeted by labor and supply chain costs and broader economic woes have another unwieldy financial problem: the soaring costs of cyber insurance.
ABC News: German police said Monday they have disrupted a ransomware cybercrime gang tied to Russia that has been blackmailing large companies and institutions for years, raking in millions of euros.
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