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Traders Magazine: In its latest podcast, “Encore | Overlapping Risks: Anti-Money Laundering and Cybersecurity”, the first of a two-part series, FINRA was looking at the intersection of a firm’s AML and cybersecurity risks.
Venture Beat: Even as cybersecurity threats rise, a few American organizations still continue to operate without a defense plan or strategy, Deloitte reported.
Market Watch: Lawmakers have not ruled out legislation that could ban private companies from making ransomware payments, Sen. Gary Peters of Michigan, chairman of the Senate Homeland Security Committee.
Coin Desk: Millions of email addresses associated with the crypto market data website CoinMarketCap (CMC) have reportedly been compromised.
The target: Premier Patient Healthcare, a Texas based accountable care organization.
The take: Exposure of 38,000 records of Personally Identifiable Information including: name, age, sex, race, county, state of residence, zip code, and Medicare beneficiary information.
The attack vector: The data was illegally accessed by a former terminated employee of the firm, who used their still active access to view, download and steal the files from a third-party vendor that had a contract with Premier Patient.
This breach highlights two important lessons for firms. Access control around terminated employees is paramount to maintaining a secure environment for sensitive data. Furthermore, while Patient Data may have followed these steps for their own systems, the attack took place on a third-party vendor, showing that access control must also be applied across all platforms to be fully effective.
Traders Magazine: Cyber ETFs are just one of a growing group of increasingly popular “thematic ETFs.” Thematic ETFs give investors quick access to a diversified basket of stocks with exposure to a specific investment or economic theme.
Private Equity Wire: Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has been named ‘Best Cyber Security Provider’ at the 2021 Private Equity Wire US Awards.
IT Governance: The odds of an organization experiencing a cyber security breach are about 30% in any two-year period.
Financial Post: The ransomware group REvil was itself hacked and forced offline this week by a multi-country operation, according to three private sector cyber experts working with the United States and one former official.
ZDNet: Compromising a business supply chain is a key goal for cyber attackers, because by gaining access to a company that provides software or services to many other companies, it's possible to find a potential way into thousands of targets at once.
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