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Financial Post: Department of Homeland Security (DHS) Secretary Alejandro Mayorkas said on Wednesday that dealing with ransomware will be a top priority, highlighting the growing threat of the data-scrambling software.
Institutional Asset Manager: The survey showed that just over a third of those responding to the survey have suffered a breach in the last twelve months, with almost half of such breaches reported to the Information Commissioners Office.
CNN Business: Australian broadcaster 9 News suffered a cyberattack that forced a number of live shows off air on Sunday, as the country's federal parliament also reported an attack on its computer network.
The target: California State Controller’s Office
The take: Financial and personally identifiable information and documents, such as Social Insurance Numbers, on several thousand employees.
The attack vector: An employee, the target of a spear phishing attack, clicked on a suspicious link and entered their account ID/email address and password. This gave the attacker full access to SCO’s systems with the same level of access the employee had, including any files shared with the affected account. From here, the attacker further launched phishing attempts against over 9000 employees, using the hacked account to increase the believability of the scam.
Phishing attacks against individual employees remain one of the greatest security threats to the entire organization. Regular social engineering and awareness testing and training, along with tone-from-the-top messaging to emphasize the importance of critical thinking and caution are crucial to protecting sensitive information assets.
Yahoo Finance: Researcher John Kindervag published a paper about a decade ago that argued administrators of sensitive computer networks shouldn’t trust anyone on their networks, regardless of their title.
Yahoo Finance: The U.S. Cyber Command conducted more than two dozen operations aimed at preventing interference in last November's presidential election, the general who leads the Pentagon's cyber force said.
Evening Standard: The average cost to companies that have been hit in the last 12 months is estimated to be £8,460, according to the annual Cyber Security Breaches Survey.
Lexology: The Investment Industry Regulatory Organization of Canada (“IIROC”) has published a Cybersecurity Notice on Ransomware (the “Notice”), which flags a recent uptick in ransomware attacks on IIROC firms and provides guidance on how IIROC firms should prevent, detect, respond to and recover from ransomware attacks.
ZDNet: Cyber criminals are sending over three billion emails a day as part of phishing attacks designed to look like they come from trusted senders.
IPE: The manager of Norway’s sovereign wealth fund has put forward the idea that the main stock exchanges around the world should be required to have emergency facilities where trading can continue if they suffer a major technological failure or cyberattack.
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