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United States Department of Justice: Damian Williams, the United States Attorney for the Southern District of New York, announced that ADAM ROGAS, the co-founder and former CEO, CFO, and member of the board of directors of Las Vegas-based cyberfraud prevention company NS8, Inc. (“NS8”), pled guilty in Manhattan federal court to securities fraud.
Dark Reading: When President Biden signed the omnibus spending bill Tuesday, he also put the bipartisan Cyber Incident Reporting Act into effect, which requires critical infrastructure companies in the 16 industry sectors identified by the federal government to report to the Cybersecurity and Infrastructure Security Agency (CISA) within 72 hours if they are experiencing a cyberattack and within 24 hours of making a ransomware payment.
CNN: In the winter of 2015, computer hackers working for the Russian government attacked Ukraine's power grid and switched off the lights and heat to more than 200,000 consumers.
Bleeping Computer: Germany's Federal Office for Information Security, BSI, is warning companies against using Kaspersky antivirus products due to threats made by Russia against the EU, NATO, and Germany.
ZDNet: The chief security officers of Australia's big four banks have likened combating cybersecurity attacks to playing a team sport.
Global Banking and Finance Review: From early 2020 until April 2021, financial sector cyber attacks increased an estimated 238%, and the costs of data breaches have also soared, with the average total cost of a data breach now estimated to be $4.2 million, according to IBM.
The Target: Adafruit Industries is an open-source hardware company who designs, manufactures, and sells electronic products, components tools and accessories.
The Take: Exposure of Personally Identifiable Information including: names, email addresses, shipping/billing addresses, order details, and PayPal payment status.
The Vector: The information was exposed through a publicly accessible GitHub repository belonging to an ex-employee, meaning anyone with an internet connection could access and view the data.
This breach highlights the importantance of data management and confidentiality. Knowing where and how an employee stores company data, and if it’s secure or not, are key principles of maintaining a robust cybersecurity posture. Firms should consider every method to catalogue and track where their data lives to ensure access is tightly controlled, a practice paramount to a secure data environment.
Yahoo Finance: After an unrelenting year of fighting off cyber threats, the financial services sector should expect more of the same or even worse, as nation-state hacking campaigns are expected to mirror geopolitical tensions and ransomware gangs retool to dodge increased scrutiny, according to an industry group report.
U.S. News: France's largest bank BNP Paribas has cut off its Russia-based workforce from its internal computer systems as it seeks to bolster its defences against any potential cyber attack, a source with direct knowledge of the matter told Reuters.
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