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FStech: A survey of 1,077 IT business and security decision-makers from the UK and eight other countries, for IT automation and security company Infoblox, found that attempted cyber attacks had risen by 41 per cent as cyber criminals sought to exploit Coronavirus-related disruption.
IT World Canada: Brookfield Residential Properties, a wholly-owned division of Brookfield Asset Management (BAM), which owns or invests in $540 billion in real estate, energy and infrastructure companies in 30 countries, said late Monday that it was victimized by an unspecified cyberattack.
ITProPortal: Since the General Data Protection Regulation (GDPR) came into force, it has had a significant impact not only on how companies collect and use data, but on how they protect it. GDPR has shaped not only cybersecurity in Europe, but the business world at large, and as threats continue to advance, we look at how GDPR has shaped cybercriminal behavior.
The target: SANS Institute, a cybersecurity training firm.
The take: 28,000 records of Personally Identifiable Information including: names, job title, industry, home address and country of residence.
The attack vector: The attack occurred through a “consent phishing” scam, where the attacker attempts to trick employees to install a malware app or grant it permissions to access sensitive data or execute dangerous commands. The phish in this case was design to replicate a SharePoint link via O365, and after the employee clicked the link and authorized the installation of the malware, a forwarding rule was created, sending 513 emails to the anonymous hacker.
This breach demonstrates that critical thinking and scrutiny is essential when dealing with e-mail communication. Performing the ‘hover test’ to validate links in incoming mail and validating the message sender are critical for avoiding these phishing attacks.
The Week: Over the last decade, the banking industry has gone through multiple changes structurally and operationally owing to rapid technological advancements. Most banking services and their corresponding back-end operations have now become digital. Along with this digital transformation also rises the challenge of information technology security. The myriad types of cybercrimes such as phishing, stalking, spamming, spoofing, hacking, ransomware attacks, and other physical and digital frauds compel individual banks to secure their network and servers with advanced firewalls.
Times Live: The SA Banking Risk Information Centre (Sabric) has confirmed that credit bureau Experian suffered a data attack which "has exposed some personal information of as many as 24 million South Africans".
Reuters: Marriott International, a leading hotel operator, is facing a London class action brought by millions of former guests demanding compensation after their personal records were hacked in one of the largest data breaches in history.
Dark Reading: While reported breach numbers are down, a handful of "mega" breaches resulted in more data records being exposed than ever before, analysis shows.
Property Funds World: According to Savills, the growing number of European cyber attacks has attracted EUR2.3 billion of venture capital (VC) investment into European headquartered cybersecurity companies during the last five years, with a record level of EUR724 million recorded in 2019.
IT Pro Portal: Just like coming in contact with a person infected with coronavirus increases the possibility of you getting infected, increasing your digital business presence increases the chances of cyber attackers to target your business; accounting firms are no exception.
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