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Industry News: ESG5

    Know Your Breach: Discord.io

    The Target: Discord.io is not an official Discord site but a third-party service allowing server owners to create custom invites to their channels. Most of the community was built around the service's Discord server, with over 14,000 members.

    The Take: The most sensitive information in the breach is a member's username, email address, billing address (small number of people), salted and hashed password (small number of people), and Discord ID.

    The Vector: A person known as 'Akhirah' began offering the Discord.io database for sale on the new Breached hacking forums. As proof of the theft, the threat actor shared four user records from the database.

    This breach is a stark reminder of how important authentication controls are in an overall robust cybersecurity posture. In particular, the information exposed here is perfect for crafting highly believable phishing campaigns as it would allow push notifications. Access monitoring and testing for every public-facing webpage is a key strategy to mitigate these kinds of breaches to protect a firm’s customer base.

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    Cyber Defenders Lead the AI Arms Race for Now

    2023-08-17

    Dark Reading: Cyber defenders so far are winning the war over artificial intelligence: AI tools have yet to be meaningfully integrated into cyberattacks, while defenders have been using them to greater effect.

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    Cybersecurity As A Strategic Investment: How ROI Optimization Can Lead To A More Secure Future

    2023-08-16

    Forbes: In the ever-changing landscape of cybersecurity, chief information security officers (CISOs) play a crucial role in safeguarding organizations against evolving threats. 

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    Canadian Financial Sector Faces Rising Cybersecurity Challenges: Report

    2023-08-16

    Advisor's Edge: The Canadian financial services industry is seeing a surge in cybercrime and fraud, according to new data from LexisNexis Risk Solutions.

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    SecureWorks Laying Off 15% of Employees

    2023-08-15

    SecurityWeek: The plans were announced in an SEC filing, with employees being notified starting August 14. In addition, the company revealed that it’s implementing “certain real estate‑related cost optimization actions”.

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    AI’s Impact on Fintech: Do the Benefits Outweigh the Risks?

    2023-08-15

    Traders Magazine: Artificial Intelligence has considerably impacted the financial services industry in recent years, especially since the advent of OpenAI in late 2022.

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    Why Finance Leaders In Midsize Businesses Are Stepping Up Cybersecurity Efforts

    2023-08-14

    Forbes: Finance organizations within midsize businesses have more on their minds than the traditional risks in credit, operational budgets, investments, and regulatory compliance.

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    Adapting to the Cloud Era of Cybersecurity: How CISO’s Priorities Are Evolving

    2023-08-14

    Network Computing: Cybersecurity has been rapidly moving to the cloud, driving organizations to cloud-based solutions from third-party vendors instead of self-owned and maintained network security devices and software. 

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    Know Your Breach: Salesforce

    The Target: Salesforce, Inc., an American cloud-based software company headquartered in San Francisco, California

    The Take: The goal of the phishing kit employed in this campaign was to steal Facebook account credentials, even featuring two-factor authentication bypassing mechanisms.

    The Vector: The attackers chained a flaw dubbed "PhishForce," to bypass Salesforce's sender verification safeguards and quirks in Facebook's web games platform to mass-send phishing emails.

    As phishing actors continue to explore every potential abuse opportunity on legitimate service providers, novel security gaps constantly threaten to expose users to severe risks. It is essential not to rely solely on email protection solutions, and also scrutinize every email that lands on your inbox, look for inconsistencies, and double-check all claims made in those messages.

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    A Global Law Firm Separates From Its Chinese Partner, Citing Cybersecurity and Data Rules

    2023-08-10

    US News: One of the world’s biggest law firms said it is separating from the Chinese firm that was part of its global network for eight years, citing changes in cybersecurity and other rules that have rattled foreign companies.

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