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Industry News: ESG5

    Latest Study on Cybersecurity Risk Ranks the 10 Worst U.S. States for Data Breaches in 2022

    2023-02-22

    Cision: Network Assured shared the results of a recent data study on cybersecurity, that looked at which U.S. states had suffered the most data breaches in 2022. The study looked at data breaches from all industries, to rank the states where businesses faced the highest risk of cyberattack to the lowest. 

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    Venture Capital Financing of Cyber Companies Slid to $18.5 Billion in 2022

    2023-02-22

    The Record: Venture capital investments in cybersecurity firms showed a significant dip in the second half of 2022, according to data collected by financial research firm Momentum Cyber.

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    Even Hackers Are Reportedly Getting Laid Off By Organized Crime Groups

    2023-02-21

    Yahoo Finance: As US Department of Justice investigators and companies beef up their oversight of cybersecurity threats, the impact of ransomware attacks — hackers demand ransom payments from targets — has been blunted, according to a Wall Street Journal report.

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    AT&T Seeks to Shed Cybersecurity Division, Sources Tell Reuters

    2023-02-21

    CNBC: AT&T Inc the second-biggest U.S. wireless carrier, is exploring a sale of its cybersecurity division, potentially undoing an acquisition it completed five years ago, according to people familiar with the matter.

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    Frustrated Traders Missing Key Piece of Market Jigsaw Puzzle After London Firm Hacked

    2023-02-21

    BNN Bloomberg: These and similar expressions have been used to describe the near month-long blackout on key global investor positioning reports that cover bets on everything from Treasuries to soybean futures — the casualty of a ransomware attack on financial firm ION Trading UK. 

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    Darktrace Hires EY to Review Finances After Short-seller Attack

    2023-02-20

    The Guardian: Darktrace has hired EY to conduct an independent review of its finances as it tries to defend itself against a hedge fund that alleges questionable marketing, sales and accounting practices at the cybersecurity company.

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    Know Your Breach: Slick

    The Target: Slick, an Indian based social media platform.

    The Take: Exposure of 153,000 records of Personally Identifiable Information including: full names, mobile numbers, dates of birth, and profile pictures, and some belong to minors.  

    The Vector: A misconfigured data server was left open and unsecured, meaning anyone with an internet connection and knowledge of the IP address could have viewed and downloaded the data. The domain name for the database was also at risk by being under an easy to guess subdomain of Slick’s main website.

    Authentication controls are an important piece in an overall robust cybersecurity posture. Companies should be fully aware of how their data is secured and stored. Furthermore, this sensitive user data is perfect for constructing highly effecting spear-phishing campaigns. Regular monitoring of data storage process can help mitigate these kinds of breaches to protect a firm’s data.

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    The Cost of Cybersecurity Insurance Is Soaring–And State-Backed Attacks Will Be Harder To Cover

    2023-02-15

    Yahoo Finance: State-backed cyber attacks are on the rise–but they are not raising the level of alarm that they should in the corporate world. When working with companies, my team often encounters executives who say they have insurance, so everything will be alright. 

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    New Year, More Cybersecurity Concerns: What To Expect In 2023

    2023-02-14

    Forbes: Despite the pandemic seeming to ease slightly, 2022 was another year plagued with unknowns and disruption. From global conflict and cybercrime to ongoing supply chain challenges, the only certainty appears to be uncertainty.

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    ChatGPT And More: What AI Chatbots Mean For The Future Of Cybersecurity

    2023-02-14

    ZDNet: From relatively simple tasks, such as composing emails, to more complex jobs, including writing essays or compiling codeChatGPT -- the AI-driven natural language processing tool from OpenAI -- has been generating huge interest since its launch.

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