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ZDNet: Losses from Australians to investment scams increased by 90% to AU$103 million from the start of the year to March 20, with the Australian Competition and Consumer Commission saying payments made to scammers are most often made in cryptocurrency.
Crunchbase News: Funding to venture-backed cybersecurity startups continues at an impressive clip—although significantly off the record high set last quarter.
RTE: Bank of Ireland has been fined €463,000 by the Data Protection Commission for data breaches affecting more than 50,000 customers.
The Straits Times: Financial institutions today rely heavily on technology to deliver financial services, Monetary Authority of Singapore (MAS) board member Alvin Tan told Parliament on Monday (April 4) during the second reading of the Financial Services and Markets Bill.
Bleeping Computer: Email marketing firm MailChimp disclosed that they had been hit by hackers who gained access to internal customer support and account management tools to steal audience data and conduct phishing attacks.
The Target: Palo Alto Networks, a U.S based cybersecurity company.
The Take: Exposure of Personally Identifiable Information including: names, business contact information, conversation records, conversation records, email addresses, and support tickets with attachments such as firewall logs, configurations, and other debugging assets.
The Vector: A misconfiguration of Palo Alto’s support ticketing system allowed anyone with an internet connection to login and view support tickets, gaining access to personal and client company information.
The breach is critical reminder of the importance of credential management and authentication around points of access which expose customer data. The information gathered in support scenarios is especially sensitive as the exposed details can greatly aid malicious actors in crafting highly targeted and effective spear-phishing campaigns. All points of access should be appropriately locked down and employing another layer of security like Two-Facto Authentication is highly recommended.
ZDNet: A new report examines how an organization's approach to cyberattack incident and response strategies can have implications for investment in the broader cybersecurity market.
Hedge Week: The IT and cyber security infrastructure of a start-up fund is instrumental to its fate and can be key to determining whether it fails or succeeds. Therefore, a consultative approach in this regard can ensure their framework is fit for purpose and can effectively support the fund’s growth objectives.
BNN Bloomberg: President Joe Biden has urged U.S. companies to “harden your cyber defenses immediately” amid a growing risk of Russian cyberattacks. For many, that won’t be easy.
Crunchbase News: Former U.S. Secretary of the Treasury Steven Mnuchin’s new private equity firm Liberty Strategic Capital is moving quickly into the hot sector of cybersecurity.
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