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Insurance Business: Insurers and asset managers worldwide are significantly increasing their investment in cybersecurity, according to a new survey by Moody’s.
The Target: CBIZ is a management consulting company that provides financial and benefits and insurance services to various organizations and individual customers.
The Take: Hackers stole information belonging to nearly 36,000 individuals, which includes: name, contact details, Social Security Number, date of birth/death, retiree health information, welfare plan information.
The Vector: The company informs that a threat actor exploited a vulnerability in one of its web pages and was able to steal customer data between June 2 and June 21.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
GlobeNewswire: By leveraging advanced machine learning models, generative AI can anticipate and counteract cyberattacks by identifying patterns, predicting potential vulnerabilities, and even simulating attacks to test system defenses.
CSO Online: Aligning an organization’s appetite for risk with cybersecurity strategies is a critical challenge CISOs face, one that requires balancing technical controls and business needs.
FinTech Global: A recent study highlighted by ISACA points to a staggering 78% of industry professionals ranking the reputational impact as the paramount concern following cyberattacks.
PR Newswire: The rapid evolution of cyber threats, driven by increasingly sophisticated tactics and automation, has exposed the vulnerabilities of traditional security solutions.
The Target: Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan.
The Take: The threat actor says they breached a U.S. branch and were able to steal 240GB of files with information on Toyota employees and customers, as well as contracts and financial information.
The Vector: BleepingComputer found that the files had been stolen or at least created on December 25, 2022. This date could indicate that the threat actor gained access to a backup server where the data was stored.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
SecurityWeek: Chainalysis found that while illegal on-chain activity has dropped by nearly 20% year-to-date, ransomware payments have increased by 2%, from $449.1 million in the first half of 2023 to $459.8 million in the first half of 2024.
Bleeping Computer: American chipmaker Microchip Technology Incorporated has disclosed that a cyberattack impacted its systems over the weekend, disrupting operations across multiple manufacturing facilities.
CSO Online: Generative AI, which has the unique ability to create original content and actions, had its conceptual origins in 1906 when Russian mathematician Andrei Andreevich Markov created a stochastic model of probabilities known as the Markov chain.
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