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The Economic Times: Tel Aviv, Researchers from cybersecurity firm Check Point have revealed how hackers stole $1 million seed funding sent by a Chinese venture capital firm to an Israeli start-up.
Washington Post: On Nov. 18, a United Nations committee passed a Russia-backed cybercrime resolution by a vote of 88 to 58, with 34 countries abstaining. Russia, Belarus, Cambodia, China, Iran, Myanmar, Nicaragua, Syria and Venezuela sponsored the resolution, titled “Countering the use of information and communications technologies for criminal purposes.” The United States said it is “disappointed with the decision.”
Business Standard: National Cyber Security Coordinator (NCSC) Lt Gen (retd) Rajesh Pant raised concern over the lack of cyber-infrastructure in the country and said are we waiting for a cyber earthquake before getting our act together.
Yahoo Finance: At a time when trust has become central to the customer experience, KPMG cyber security practice leaders have told a roundtable that they believe financial services firms are demonstrating a commitment to trust through their cyber agendas. They said that amidst accelerating technological disruption, actively managing customer trust is presenting new revenue opportunities and challenges for financial institutions.
Cointelegraph: In its “Cryptocurrency Anti-Money Laundering Report, 2019 Q3,” security research firm CipherTrace delved into the 120 most popular cryptocurrency exchanges’ compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements and analyzed patterns in crypto-related crimes.
ZDNet: Cyber espionage has been going on pretty much since the dawn of the web, with Russia, China, Iran and North Korea generally seen as the countries most likely to be engaging in cyber-espionage campaigns against Western targets.
Tribune: Security experts have cautioned nations that major cyber-attacks may happen around the globe in the near future, which may force governments and private sector to seek international help in an effort to take back control of their systems from hackers.
DARKReading: In a global study of more than 2,200 organizations across 22 different countries, NTT Security's 2019 Risk:Value research found that cyberattacks (43%), data loss or theft (37%), and attacks on critical infrastructure (35%) — aimed particularly at telecoms and energy networks — concern respondents the most.
Cision: The global cybersecurity market was valued at USD 118.78 billion in 2018, and is expected to reach USD 267.73 billion by 2024, registering a CAGR of 14.5%, during the period of 2019-2024. The rise in trend for IoT, BYOD, AI and machine learning in cybersecurity is increasing. For instance, machine learning provides advantages in outlier detection, much to the benefit of cybersecurity. Machines can handle billions of security events in a single day, providing clarity around a system's activity and flagging anything unusual for human review.
Help Net Security: With the perpetually shifting threat landscape, most organizations (over 90%) believe that the cyber threat landscape will stay the same or worsen in 2020, according to FireEye.
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