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    Industry News: ESG5

      Ransomware Hits US-Based Arthur J. Gallagher Insurance Giant

      2020-09-29

      Bleeping Computer: US-based Arthur J. Gallagher (AJG) global insurance brokerage and risk management firm confirmed a ransomware attack that hit its systems. AJG is one of the largest insurance brokers in the world with more than 33,300 employees and operations in 49 countries.

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      Tackling Cybersecurity Asset Management Challenges in the Public Sector

      2020-09-29

      Meri Talk: Given the Federal government’s rapid shift to telework since the onset of the COVID-19 pandemic and the larger attack surface that working from home creates, there is a significantly greater need for government to take a fresh look at addressing the most fundamental cybersecurity challenges.

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      CyberSaint Launches Updates Supporting Financial Services Sector Cybersecurity Compliance and Risk Management Initiatives

      2020-09-29

      Business Wire: CyberSaint, the developer of the leading platform for automated, intelligent cybersecurity program management, today announced the availability of new features supporting the Financial Services Sector Cybersecurity Profile within the CyberStrong platform, including automated mappings between those standards and the NIST Cybersecurity Framework, FFIEC, and others.

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      Know Your Breach: Düsseldorf University Hospital

      The target: Düsseldorf University Hospital, a German teaching hospital

      The take: A critically ill patient died as a result of the cyberattack on the hospital’s systems

      The attack vector: A ransomware attack was carried out on the hospital’s systems, exploiting a vulnerability in their VPN. However – as the encryption attack caused the hospital’s computer system to become disconnected from the ambulance network, a critically ill patient had to be redirected to a remote hospital, and died after her admission to hospital was delayed by over an hour.

      While hospitals are regular targets of ransomware attacks, this is the first known case where such an attack has cost a patient’s life, and is a stark reminder of the potential stakes. This attack was made possible by a security vulnerability in an off-the-shelf software product, which, for IT professionals, again, underlines the critical importance of maintaining patching procedures and ensuring that applications and appliances are maintained.

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      Healthcare Lags Behind In Critical Vulnerability Management, Banks Hold Their Ground

      2020-09-22

      ZDNet: The general public faces phishing attempts, spam, malvertising, and more in their daily lives. However, in the business realm, successfully targeting major companies -- including banks, industrial giants, and medical facilities -- can be far more lucrative for cybercriminals.

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      The Cybersecurity Risks Related to Remote Workers Returning to Workplaces

      2020-09-21

      GBHackers: Big companies such as Facebook have allowed their staff to work from home permanently. Shopify, a Canadian-based e-commerce company, has announced that it has become “digital by default.” Since many companies have rapidly adopted the arrangements of semi-remote working conditions, they need to be very quick in mitigating the cyber risks. 

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      The Cybersecurity 202: The Next Supreme Court Justice Could Play A Major Role In Cybersecurity and Privacy Decisions

      2020-09-21

      The Washington Post: The next Supreme Court justice could play a key role in determining rules of the road for cybersecurity and privacy in the digital age ― regardless of whether they're appointed by President Trump or Joe Biden.

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      Macquarie, CBA Face Fresh Money Laundering Scrutiny After Data Leak

      2020-09-21

      The Sydney Morning Herald: Macquarie Group and Commonwealth Bank are facing fresh scrutiny of their oversight of anti-money laundering laws after it emerged that overseas banks had reported close to $US167 million ($230m) of potential dirty money transactions flowing through the two Australian banks.

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      SFU Ransomware Attack Exposed Data from 250,000 Accounts, Documents Show

      2020-09-21

      CBC: A ransomware attack last spring at Simon Fraser University (SFU) compromised the personal information of about 250,000 students, faculty and alumni, documents reveal. The ransomware — malicious software that locks a computer system until a ransom is paid — breached a database on Feb. 27 that contained the personal information of every person who joined the school before June 20, 2019.

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      Ransomware Is Evolving, But the Key to Preventing Attacks Remains the Same

      2020-09-21

      ZDNet: "Ransomware is one of the main threats," Fernando Ruiz, head of operations at Europol's European Cybercrime Centre (EC3), told ZDNet. Europol supports the 27 EU member states in their fight against terrorism, cybercrime and other serious and organised forms of crime.

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