Industry News: ESG5

2019-07-02

Computer Weekly: The goals and regulations set out in the legislation represent the end-product of several years of close consultation by the Swedish government with the IT industry and digital players. This collaboration focused on preparedness and drawing up legislation that would add an effective weapon to Sweden’s cyber threat defence arsenal.

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2019-07-01

S&P Global: One of the sources noted the algorithm of the system would look at a banking customer and compare its financial behavior with other similar customers and make a probability if there is anything suspicious. The talks are understood to be a "multiyear conversation," according to the sources.

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2019-06-28

Israel Hayom: Two Israeli brothers, Eli and Asaf Gigi broke into Bitfinex, one of the world's largest cryptocurrency exchanges, and stole $100 million from virtual accounts holding bitcoins, the financial daily Globes reported this week. The brothers were arrested by the Israel Police cyber unit on suspicion of committing phishing fraud on an international scale...

2019-06-27

Standard: A member of the philanthropic Sackler dynasty fell victim to cyber criminals who hacked into his email account in an attempt to steal more than £3 million. Michael Daniel Sackler, a film producer, was targeted in January 2015 when fraudsters took control of his emails and made a string of bogus payment requests to his bank.The thieves mocked-up false invoices with their own bank details, making three transfers totalling £1.3 million out of Mr Sackler’s account...

2019-06-26

Bank Info Security: Six suspects have been arrested as part of an international police investigation tracing the theft of at least $28 million worth of bitcoin cryptocurrency. Police allege that the fraudsters created look-alike sites for the Blockchain.com cryptocurrency exchange - and perhaps others - and tricked users into visiting them by making fraudulent Google Adwords buys that led Google search users to the spoofed sites...

2019-06-20

CNN: The Guardian says that it was warned earlier this year about efforts by a cybersecurity unit in Saudi Arabia to "hack" its computer networks. The British newspaper published an article on Wednesday that says it was alerted by a source in Riyadh that it was being targeted by the unit following the murder of journalist Jamal Khashoggi. It later received a copy of a document that supported the claim. According to the newspaper, which said it could not verify its authenticity, the memo authorized "the penetration" of its servers and accounts belonging to two of its reporters...

2019-06-18

BBC: Russia has said it is "possible" that its electrical grid is under cyber-attack by the US. Kremlin spokesman Dmitry Peskov said reports that US cyber-soldiers had put computer viruses on its electrical grid was a "hypothetical possibility". His comments came in response to a New York Times (NYT) story which claimed US military hackers were targeting Russian power plants. The report drew scepticism from experts and a denunciation by President Trump...

2019-06-13

BankOfEngland: The Monetary Authority of Singapore (MAS), the Bank of England and the Financial Conduct Authority announced today that they will be working together to strengthen cyber security in their financial sectors. MAS and the UK financial authorities will commence work towards a Memorandum of Understanding to signify this enhanced collaboration. The collaboration will involve MAS and the UK financial authorities identifying effective ways to share information and exploring potential for staff exchanges. As hosts to global financial centres and FinTech firms, Singapore and the UK have much to benefit from enhanced collaboration on cyber security...

2019-06-11

SaudiGazette: A report titled, MEA Cybersecurity Market forecast to 2023, predicted that Saudi Arabia's cybersecurity market will grow to $5.5 billion by 2023. This year alone will witness the rise of the cybersecurity market value to $3 billion as more investments are being made in the sector. The report pointed out that enterprises operating in the Kingdom are adopting the best-in-class cybersecurity solutions and that the Kingdom is witnessing increasing awareness about threats among SMEs and large enterprises. This has created a high demand for consulting and advisory services among security experts...

2019-05-28

YNetNews: While there have been repeated attacks on the country's financial institutions, officials say little damage has been done, but warn customers must take responsibility to secure their own accounts online. Cyber attacks on Israel's banking system have increased considerably over the past two years, according to the annual report by Supervisor of Banks Hedva Ber...