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Business Times: ALMOST 3 quarters or 74 per cent of single family offices (SFO) surveyed by EY experienced some form of cybersecurity or data breach in recent years, according to a new study conducted by the advisory services firm.
IOL: In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million (R837m). It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Korea's nuclear weapons programme.
Dark Reading: Cloud security vendor Lacework's recent announcement that it will reduce head count as part of a restructuring plan — just months after it secured $1.3 billion in a record-setting funding round — may have shocked the high-flying cybersecurity sector, but industry analysts say the layoffs do not signal any broad, imminent industry slowdown.
The Target: Verizon, a U.S multinational telecommunications company.
The Take: Exposure of an employee database containing Personally Identifiable Information including: full names, email addresses, and phone numbers.
The Vector: The attacker posed as an internal support agent and tricked an employee into allowing them to remotely access their corporate computer. From there, the threat actor gained access to a Verizon internal tool that displayed employee information, from there they wrote a script to scrape and export the data.
This breach highlights the ongoing and ever-present need for employee training to protect a firm against social engineering attacks. While Verizon’s systems were not penetrated or affected in any way, the attacker was still able to exploit an employee’s ignorance to exfiltrate sensitive company data. The human component of cybersecurity is a very real and important piece of the overall picture of cybersecurity posture.
ZDNet: Banks in Singapore will have to provide a "kill switch" as part of a new slew of security measures to safeguard against growing online scams. Consumers also are urged to access their accounts via mobile banking apps, instead of web browsers, to minimise risks.
Nasdaq: China's proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other things, a leading lobby group has said in a letter seen by Reuters.
Business Wire: Paladin Capital Group, a leading cyber and advanced technology investor, announced the closing of its Cyber Fund II (“the Fund”), a $372 million multi-stage fund that invests in cybersecurity startups bringing innovative technologies to market. The Fund surpassed its initial target of $250 million.
ZDNet: Nearly a third of the cybersecurity workforce is planning to leave the industry in the near future, new research suggests, leaving organizations in a troubling position as the threat landscape evolves "at an alarming rate".
U.S. News: The German financial regulator BaFin issued a fresh cyber security warning to the nation's financial sector due to the war in Ukraine following a recent increase in cyber attacks.
FT Adviser: Our increasing reliance on technology has positives but it can also bring the bad, and when it comes to disclosure, this can make a company more vulnerable to cyber attacks, warns Carlota Garcia-Manas.
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