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CSO Online: Canadian federal and provincial authorities haven’t released the court documents relating to the arrest, so CSO isn’t naming the accused.
Cybersecurity Dive: Fraud is on the rise. Americans lost $10.2 billion to fraud in 2023, a 14% increase in reported losses compared to 2022, according to the Federal Trade Commission. And fraudsters are aided in no small part by advanced technology, according to the international police organization Interpol.
US News: U.S. cybersecurity agency director Jen Easterly said that her department has not seen evidence of any activity that could directly impact the outcome of the election, despite a surge in disinformation.
Bank Info Security: British financial institutions must ensure by this spring that they could reasonably weather a third-party tech outage on the scale of July's global meltdown of 8.5 million computers triggered by a faulty update from cybersecurity firm CrowdStrike.
The Target: Landmark Admin is a third-party administrator for insurance companies, offering back-office services like new business processing and claims administration for large insurance carriers.
The Take: The following information related to potentially impacted individuals may have been subject to unauthorized access: first name/initial and last name; address; Social Security number; tax identification number; driver's license number/state-issued identification card; passport number; financial account number; medical information; date of birth; health insurance policy number; and life and annuity policy information.
The Vector: Landmark says it found evidence that the threat actor accessed some files during the attack that contained the personal information of 806,519 people.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
PR Newswire: With nearly a 10-percentage point jump in cyberattacks over the past year, Canadian business leaders rank cybersecurity as the No. 1 threat to their growth, finds a recent KPMG Private Enterprise™ survey.
PYMNTS.com: U.K. cybersecurity firm CybaVerse is expanding its team after raising $1.4 million. The company announced the fundraise on its website, saying it would use the capital to speed the development of its platform and expand its team.
Cybersecurity Dive: The recognition and remediation of software vulnerabilities has become an increasingly urgent issue in the cybersecurity community in recent years.
US News: Rapid7, a cybersecurity firm with a market value of about $2.5 billion, is exploring options with its investment bankers after attracting acquisition interest from buyout firms, according to people familiar with the matter.
CSO Online: When security vendor Portnox reported in a survey that 77% of CISOs say they are either very or extremely worried about losing their job when the next big breach happens, it raised questions about how CISOs should perceive their value in the C-suite.
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