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    Industry News: ESG5

      Bank Joins Uni to Fight Cyber Crime

      2019-09-10

      The Australian: Australia’s banks and universities are being forced to fight off increasingly sophisticated cyber attacks, and NAB is responding through a new strategic partnership with La Trobe University to be finalized on Tuesday.

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      Government of Canada Selects KeyData Associates for Cyber Security Contract

      2019-09-10

      Cision: KeyData Associates Inc. (" KeyData"), a leading provider of cybersecurity services, announced today that it has been selected by the Government of Canada's Shared Services Canada (SSC) to provide security technology solutions and systems integration services to address the Privileged Access Management (PAM) requirements of the Government of Canada's cybersecurity strategy.

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      Cybersecurity Firm Backed by David Harding Lost £3.7m in 2018

      2019-09-09

      The Telegraph: Ripjar, a start-up headquartered in Cheltenham and backed by British hedge fund billionaire David Harding, saw its losses for 2018 climb to £3.7m from £1.9m the previous year. Administrative expenses rose to £5.6m from £3.2m in 2017, despite a 30.6pc increase in turnover to £2.6m.

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      Symantec Receives Interest From Buyout Firms Permira, Advent

      2019-09-06

      Reuters: Private equity firms Permira and Advent International Corp have proposed a deal to buy Symantec Corp for more than $16 billion after the cyber security company agreed to a sale of a big chunk of its business.

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      Hackers Steal $4.2 Million From Law Enforcement Pension Fund

      2019-09-06

      Tulsa World: The FBI is investigating a cybertheft of $4.2 million from the state’s pension fund for retired Oklahoma Highway Patrol troopers, state agents, park rangers and other law enforcement officers.

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      Know Your Breach: Facebook

      The Target: Facebook, the social media giant.

      The take: 419 million records which contained user’s unique Facebook ID and their associated phone numbers, as well as names, gender and country.

      The attack vector: A server containing the data was left unsecured and publicly accessible. Facebook justified the security breach by explaining that the records were ‘old’, and believe that the user accounts in question were not compromised as a result of the breach.

      Data breaches are a liability, regardless of whether or not the leaked data is in its most current form. Backups, replicates, and otherwise non-production datasets must be protected with the same encryption and protections to prevent the loss of sensitive information.

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      Brazilian Criminal Gang Clones Mastercard Debit Cards Issued by German Bank

      2019-09-04

      The Paypers: A Brazilian criminal gang has cloned Mastercard debit cards issued by German bank OLB and withdrew more than EUR 1.5 million from about 2,000 of its customers. Criminals have stolen the funds by cloning customer debit cards and then cashing out user funds across Brazil, despite the original cards being protected by EMV (chip-and-PIN) technology. 

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      Top 3 Hedge Fund Cybersecurity Threats

      2019-09-04

      AGIO: In the context of cybersecurity, social engineering can best be defined as the use of deceptive tactics to prompt individuals to grant access or disclose information for fraudulent or malicious purposes. 

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      Scammers Use CEO Voice 'Deepfakes' to Con Workers Into Wiring Cash

      2019-09-04

      ZDNet: Criminals are using AI-generated audio to impersonate a CEO's voice and con subordinates into transferring funds to a scammer's account. So-called deepfake voice attacks could be the next frontier in a scam that's cost US businesses almost $2bn over the past two years using fraudulent email. 

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      Canada Faces Massive Shortage of Cybersecurity Workers

      2019-09-02

      The Globe and Mail: Lack of candidates who are able to prevent data breaches means agencies, businesses and customers are left vulnerable to attacks.

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