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U.S. News: Israel led a 10-country simulation of a major cyberattack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks.
CNBC: Financial advisors may want to view cybersecurity as a critical issue on more than one level.
Yahoo News: Hummingbird, which sells anti-money laundering software to banks and fintechs, announced today that it raised a $30 million Series B led by new investor Battery Ventures. Existing investors Flourish and Homebrew also participated in the round, alongside FinVC and Plaid co-founder William Hockey.
Politico: Senior Biden administration officials met in Silicon Valley on Monday with key technology and cybersecurity companies as part of a push for more help from the private sector in fending off increasingly aggressive hackers working for adversarial regimes and criminal gangs.
Business Wire: In the Experian ninth annual Data Breach Industry Forecast, five predictions for 2022 underscore the ongoing impact of the pandemic on cybersecurity. Cybercriminals will continue to exploit vulnerabilities within remote working and the vaccine ecosystem, but also set their sights on new targets such as online gambling.
U.S. News: A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report issued.
CNBC: Crypto trading platform Bitmart says it will use its own money to reimburse victims of a large-scale security breach, in which hackers took as much as $196 million.
The Target: Huntington Hospital, a New York based medical center.
The Take: Exposure of 13,000 records of Personally Identifiable Information including: name, date-of-birth, phone number, addresses, internal account number, medical record number, diagnoses, and other treatment information.
The Vector: An employee improperly accessed this information without clearance and was not prevented from viewing this data based upon their level of access and role within the firm, exposing the data.
This breach highlights the important concept of Least-Privilege when it comes to system access and authorization. Employees should only have access to the minimum amount of information and privileges they need to do their role. Ensuring this process is applied at all levels of access across a firm is a key component to maintaining a robust Cybersecurity posture.
CTV News: The Office of the Secretary to Gov. Gen. Mary Simon says that there’s been an ‘unauthorized access to its internal network,’ with the scope of the breach still under investigation.
IT World Canada: FinTech revolves around technologies such as cloud, blockchain, AI, and mobile devices that are used for financial transaction payments, cryptocurrencies, money transfers, trading, and regulatory compliance.
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