Industry News: ESG5

2019-07-09

Business Standard: An estimated two million cyber attacks in 2018 resulted in more than $45 billion in losses worldwide as local governments struggled to cope with  ransomware and other malicious incidents, a study showed.

Read more...

2019-07-09

Bloomberg: The cyber attack, which Marriott disclosed last year, exposed information on 339 million guest records, including 7 million related to British residents, the U.K. Information Commissioner’s Office said in a statement. It’s the second time in two days the regulator has taken advantage of far-reaching European Union powers after proposing a 183.4 million-pound penalty against British Airways.

Read more...

2019-07-03

Business Wire: This cooperation strengthens the existing relationship between the two organizations, ensuring information and technology sharing can support INTERPOL in cybercrime-related investigations. Within the new agreement, Kaspersky will share information about its cyberthreat research and provide the necessary tools to assist with full digital forensics, aimed at strengthening efforts on the prevention of cyberattacks.

Read more...

2019-06-20

Business Insider: Cybersecurity is a growing threat for global financial institutions, yet most of them are ill-prepared to respond within their current infrastructure, according to new report. The cost of dealing with a cyberattack’s aftermath is particularly high for wealth managers and banks, Boston Consulting Group found in its annual report on global wealth-management trends. ...

2019-06-17

CharityUpdate: Over a third of charities risk exposing themselves to potential internal fraud due to “inconsistent background checks”, new research has found. The research, carried out by background and identity services firm Sterling, titled ‘Insider Fraud, Cyber-crime and Background Checks in the Charity Sector’, revealed that 37% of individuals responsible for hiring in the sector do not have a consistent employee background screening programme in place. The firm has urged charities to ensure they have “consistent and carefully applied” background screening programmes in place in order to avoid the “growing threat” of insider fraud. ...

2019-06-07

CoinDesk: Cryptocurrency wallet developer Komodo has effectively hacked its own customers to avert an attack that could have resulted in the theft of funds worth nearly $13 million. A blog post from the npm JavaScript package repository, first reported by ZDNet, indicated that its security system raised an alert about a backdoor on June 5 that could have been used by hackers to rob users of one of Komodo’s older wallets, Agama. An audit showed a malware threat with the potential to steal cryptocurrency wallet seeds and logins...

2019-05-30

Zdnet: Over 2.3 billion files -- including sensitive data like payroll information, credit card details, medical data and patents for intellectual property -- are exposed publicly online, putting both people and organisations at risk of data theft, cybercrime, espionage and other malicious activities. Analysis by researchers at cybersecurity company Digital Shadows found the highly sensitive information stored alongside other data in publicly exposed or misconfigured online storage and cloud services, including SMB file shares, rsync servers, and Amazon S3 buckets....

2019-05-16

Reuters: Police in six countries have dismantled a complex cybercrime network that operated from Eastern Europe and fleeced victims - including small businesses and charities - of some $100 million, Europe’s police agency said on Thursday. The GozNym network, led by a man from Tbilisi, Georgia, used phishing emails to infect the computers of more than 41,000 victims with malware. Specialised members of the group in Bulgaria and Ukraine then seized control of victims’ online bank accounts and tranferred their funds to laundering accounts...

2019-05-14

TheTelegraph: WhatsApp has urged users to update their messaging app after concerns were raised that hackers could inject spy software on to phones via the call function. The Facebook-owned company said the spyware was spread by an “advanced cyber actor”, and infected multiple mobile phones using a major vulnerability in the app. The spyware, developed by the secretive Israeli spyware company NSO Group, has the ability to give hackers full access to a phone remotely, allowing them to read messages, see contacts and activate the camera...

2019-05-16

Globe Newswire: The healthcare organizations are increasingly adopting cyber security solutions to keep cybercriminals at bay. The healthcare providers are taking more precautions in securing devices and connected networks, which, in turn, is increasing the popularity of healthcare cyber security tools and solutions. The key factors driving the cyber security in healthcare market is the increasing number of cyber-attack threats, as the medical records contain huge volumes of information that can be used to perform identity fraud...