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Industry News: ESG5

    COVID-19 Crisis Shifts Cybersecurity Priorities and Budgets

    2020-07-21

    McKinsey: Few corporate functions shifted priorities so much and so quickly when the COVID-19 crisis struck as corporate cybersecurity operations and the technology providers that support them did. As legions of employees suddenly found themselves in a work-from-home model, chief information-security officers (CISOs) adjusted, pivoting from working on routine tasks and toward long-term goals to establishing secure connections for newly minted remote workforces.

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    Russian Group Targeted COVID-19 Vaccine Research in Canada, U.S. and U.K., Say Intelligence Agencies

    2020-07-16

    CBC: The Communications Security Establishment (CSE), responsible for Canada's foreign signals intelligence, said APT29 — also known as Cozy Bear and the Dukes — is behind the malicious activity.

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    Financial Services Firms Accelerating Technology Transformation to Navigate the Pandemic, New Broadridge Study Finds

    2020-07-07

    Cision: More than half of financial services companies plan to accelerate implementation of their next generation technology strategies, according to a new global survey of 500 financial services C-Suite executives and their direct reports released today by Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader.

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    Data Breach Fines Could Skyrocket This Year

    2020-07-06

    ITProPortal: The company that sells services related to data management claims to have polled 1,000 workers, coming to the conclusion that more than a third (37 per cent) expect both the number and value of fines to rise by 2025. Furthermore, six per cent expect a “dramatic rise”, while just three per cent expect the figures to fall.

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    Inside a Ransomware Attack: From the First Breach to the Ransom Demand

    2020-07-02

    ZDNet: Security researchers have revealed the anatomy of a ransomware attack, showing how cyber criminals gained access to a network and deployed ransomware  -- all in the space of just two weeks.

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    The More Cybersecurity Tools an Enterprise Deploys, the Less Effective Their Defense Is

    2020-06-30

    ZDNet: IBM released the results of a global survey, conducted by the Ponemon Institute and featuring responses from over 3,400 security and IT staff worldwide. The research suggests that while investment and planning are on the uptake, effectiveness is not on the same incline, with response efforts hindered by complexity caused by fragmented toolsets.

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    Bitcoin Scam Exposes Thousands to Data Breach

    2020-06-30

    Coin Telegraph: Fraudulent websites successfully have stolen the personal records of a number of individuals from the United Kingdom, Australia, South Africa, the United States, Singapore, Malaysia, Spain and more. The attack was executed as a targeted multistage Bitcoin (BTC) scam propagated by a number of fraudulent websites.

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    Cybersecurity ETFs Gain But Diverge

    2020-06-23

    Nasdaq: Cybersecurity has been a hot theme this year, suddenly taking new importance in an economy that’s had workers everywhere working from home, logging into systems outside of offices, many for the first time.

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    One in Six Firms Pay Ransomware Ransoms to Hackers

    2020-06-23

    TECHERATI: One in six firms met the demands of hackers last year by paying out ransoms, according to the “chilling” findings of a report on cyber crime. The annual Hiscox Cyber Readiness Report revealed that 6 percent of the 5,569 firms polled – and one in six of those attacked – had surrendered by paying a ransom following a cyber attack.

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    Four Ways You Can Keep the Hackers Away

    2020-06-03

    ZDNet: CIOs are under more pressure than ever before when it comes to cybersecurity concerns, especially now that many or even all of the staff in their organisation are working from home, perhaps using unfamiliar software and hardware as they try to do their jobs on lockdown. 

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