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CSO: More half of the UK population would be supportive of the UK government and its allies breaking international cybersecurity law, under the right circumstances.
Bleeping Computer: Global cryptocurrency exchange CoinEX announced that someone hacked its hot wallets and stole large amounts of digital assets that were used to support the platform's operations.
The Hill: A long overdue policy change to improve corporate governance on cybersecurity is taking effect. These companies are drivers of innovation and critical to the strength of the U.S. economy.
Cybersecurity Dive: MGM Resorts officially disclosed a “cybersecurity issue” with the Securities and Exchange Commission in an 8-K filing, after taking its systems offline earlier.
Forbes: Gone are the days of calling in your stock trades from your local coffee shop and U.S. Postal Service-delivered bank statements. The finance industry of today is accessible at the touch of a button.
Business Standard: Almost half of security chiefs at the world’s biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, fraud and the leaking of sensitive information.
The Target: Curaçao-headquartered Stake.com offers casino and sports betting for players using cryptocurrency.
The Take: Over $40m in cryptocurrency.
The Vector: In crypto, hot wallets are less secure than cold wallets because public and private keys can be reached from the internet, enabling remote access and unauthorized activity. This appears to be what happened to Stake.com, although the firm has revealed few other details.
This breach is a stark reminder of how important authentication controls are in an overall robust cybersecurity posture, and more critically, ensuring these controls are in place on all third-party vendors which have access to a firm’s data.
BNN Bloomberg: China-linked hackers breached the corporate account of a Microsoft Corp. engineer and are suspected of using that access to steal a valuable key that enabled the hack of senior US officials’ email accounts, the company said in a blog post.
SecurityWeek: Upwind, which describes itself as a runtime-powered Cloud-Native Application Protection Platform (CNAPP), has raised a total of $80 million in just 10 months as investors continue to pour cash into startups in the cloud and data security categories.
The Guardian: The Electoral Commission has admitted it failed a cybersecurity test in the same year that hackers successfully attacked the organization.
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