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ITPro: Governments have published numerous advisories warning businesses of the increased risk of spillover cyber attacks from the ongoing cyber war. Being aggressive with security can help keep out adversaries that are currently scanning businesses for weak points that have network access, Cisco’s experts said at Cisco Live 2022.
PYMNTS: Microsoft announced its plans to acquire cyberthreat analysis and research company Miburo in a Tuesday (June 14) blog post. The cybersecurity company specializes in detecting and responding to foreign information operations.
Investment Executive: With cyber threats posing a growing risk to financial stability, the European Union (EU) is imposing tougher cybersecurity standards, Moody’s Investors Service reports.
CBC: The federal government has tabled a bill that would allow it to compel companies in the finance, telecommunications, energy and transportation sectors to either shore up their cyber systems against attacks or face expensive penalties.
Bleeping Computer: Security researchers have uncovered a large-scale malicious operation that uses trojanized mobile cryptocurrency wallet applications for Coinbase, MetaMask, TokenPocket, and imToken services.
The Target: MyEasyDocs, an India-based online documents verification platform.
The Take: Exposure of 57,000 customer’s, in this case students, Personally Identifiable Information including: full names, phone numbers, grades, subject majors, email addresses, dates of graduation, National ID and School registration number.
The Vector: The breach occurred through a misconfigured Microsoft Azure database, letting anyone with internet access connect and download the sensitive data.
This breach highlights the critical importance of employing robust practices of credential management, user authentication and validation. An unprotected point of entry on a key piece of equipment like a storage server can lead to a breach with a cascading effect on data security. The detailed personal information, along with the event logs and sensitive company information, can lead to highly effective phishing attacks.
Tech Central: Rogue actors who do not use ransomware are spending the most time inside small businesses with the average dwell time observed to be 51 days in organisations with fewer than 250 employees. Attackers targeting larger (3,000-5,000 employees) organisations spend on average just 20 days inside.
The Hill: Cyber hackers backed by China are successfully targeting U.S. telecommunications companies in major breaches, the federal Cybersecurity and Infrastructure Security Agency (CISA) warned.
Financial Post: Business leaders and cybersecurity experts are pushing the Biden administration to step up efforts to quell big hacks against US companies.
Yahoo News: Deutsche Bank was so concerned Russia would plant government spies among hundreds of IT workers that it relocated from Russia to Berlin in the months following the invasion of Ukraine, a senior manager at the bank told The Financial Times.
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