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Financial Post: Buyout firm KKR & Co Inc is exploring a sale or an initial public offering for Optiv Security Inc, a U.S. cybersecurity solutions distributor and consultant it controls at a valuation of more than $3 billion, including debt, according to people familiar with the matter.
Coin Desk: "So far this morning, 94,643.29 bitcoins ($3.55 billion) have been moved in 23 transactions, from a wallet associated with a theft from Bitfinex in 2016, to a new address," blockchain analytics firm Elliptic said. These originate from a theft suffered by Bitfinex in 2016, the firm added.
Akin Gump: Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), signaled a new era of cybersecurity law (and accompanying enforcement) in his keynote address “Cybersecurity and Securities Laws” on January 24, 2022, at the Northwestern Pritzker School of Law’s Annual Securities Regulation Institute.
Tech Radar: COVID-19 has presented a visceral, public, and clear lesson in risk management and response. This got me thinking about how our responses to the pandemic can inform our responses to cyber risk. What can we learn from our successes and mistakes to reduce the likelihood of a breach?
The Target: Crypto.com, a Singapore based cryptocurrency exchange app.
The Take: Theft of $31 million USD from customer’s online wallets.
The Vector: Through a credential stuffing attack, where previously exposed passwords are reused by users across multiple platforms, the threat actors executed unauthorized withdrawals from user accounts.
This breach highlights the high-risk practice of poor password hygiene like reused passwords, and more importantly, the critical nature of proper credential management through multi-factor authentication. Employing multi-factor authentication is a key part of maintaining a robust cybersecurity posture and ensuring company and customer data Is only accessed by authorized parties.
Help Net Security: As organizations look to embrace modern approaches to security in 2022, a strongDM survey has revealed that access management is one of the most crucial factors to achieving this goal.
Yahoo News: Cybercriminals laundered $8.6bn (£6.4bn) worth of cryptocurrency last year, a 30% increase compared to the previous year, new data has shown.
SEC: The Securities and Exchange Commission today proposed rules to better protect investors and enhance cybersecurity by bringing more Alternative Trading Systems (ATS) that trade Treasuries and other government securities under the regulatory umbrella.
CNN: The White House plans to release an ambitious strategy Wednesday to make federal agencies tighten their cybersecurity controls after a series of high-profile hacks against government and private infrastructure in the last two years, according to a copy shared with CNN.
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