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BNN Bloomberg: Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cybercrime that has prompted a global effort to stop it, according to a new report from Chainalysis Inc.
Security Week: Over the past several years, ransomware has become the most prevalent threat to organizations in private and public sectors alike, including financial services, food and agriculture, government, healthcare, and other critical infrastructure industries.
SEC: The Securities and Exchange Commission today voted to propose rules related to cybersecurity risk management for registered investment advisers, and registered investment companies and business development companies (funds), as well as amendments to certain rules that govern investment adviser and fund disclosures.
U.S. News: The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the financial fallout of any conflict.
Bleeping Computer: The US Department of Justice announced that law enforcement seized billions worth of cryptocurrency linked to the 2016 Bitfinex cryptocurrency exchange hack.
U.S. News: Britain's foreign ministry was the target of a serious cyber security incident earlier this year, according to tender documents posted on the government's website.
U.S. News: North Korea is continuing to steal hundreds of millions of dollars from financial institutions and cryptocurrency firms and exchanges, illicit money that is an important source of funding for its nuclear and missile programs, U.N. experts said in a report quoting cyber specialists.
The Target: A New York based tech company that provides audio, web conferencing, and market research services.
The Take: Exposure of up to 100,000 records of Personally Identifiable Information including: thousands of hours of audio and video meetings, written transcripts between the firm and their clients, employee’s full names and photos.
The Vector: An unsecured Amazon S3 storage server was left open with no credential management, meaning anyone with an internet connection could access the device and retrieve the data.
This breach highlights the critical nature of employing robust practices of credential management, user authentication and validation around all points of access. An unprotected point of entry on a key piece of equipment like a server can lead to a breach with a cascading effect on data security. The detailed personal information contained in the audio and video files expose users to highly targeted phishing attacks and fraud.
Tech Crunch: The U.S. Department of Homeland Security has assembled a review board that will be tasked with investigating major national cybersecurity incidents in an effort to “meaningfully improve” the nation’s cyber resilience.
U.S. News: Russia could use cyberattacks as part of its efforts to destabilise and further invade Ukraine, a White House cyber official visiting her European counterparts said.
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