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Industry News: ESG5

    Know Your Breach: AutoCanada

    The Target: Car dealership company AutoCanada, which has 66 dealerships.

    The Take: The data that has been exposed includes full names, addresses, dates of birth, payroll information, including salaries and bonuses, social insurance numbers, bank account numbers used for direct deposits, scans of government-issued identification documents, and any personal documents stored on a work computer or drives tied to a work computer.

    The Vector: The threat actors published terabytes of data allegedly stolen from AutoCanada, including databases, NAS storage images, executives' information, financial documents, and HR data.

    This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

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    Torq, Which Automates Cybersecurity Workflows, Raises $70 Million in New Capital

    2024-09-24

    TechCrunch: As the volume of cyberattacks grows, there’s increasing interest from the corporate sector in tech to help automate responses to breaches. Per a 2023 survey from analytics firm Devo, 80% of security leaders expected expanded investments in security automation technology this year; most cited the tech’s potential to support cyber-threat mitigation.

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    Wiz In Talks to Sell Shares at Valuation as High as $20 Billion

    2024-09-24

    BNN Bloomberg: Cybersecurity startup Wiz Inc. is in discussions to sell existing shares at a valuation as high as $20 billion, according to people with knowledge of the matter.

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    MoneyGram Goes Offline After Vague Cyber Woes

    2024-09-24

    Dark Reading: MoneyGram's systems and payment services are down due to a "cybersecurity issue," with no clear timeline as to when it will be back up and running once more. The money-wiring service's in-person and online payment systems have been down since Friday, Sept. 20. 

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    UK, US, and Canada Join Forces on Cybersecurity and AI Research

    2024-09-23

    Tech Monitor: The UK, the US, and Canada are set to collaborate on research, development, testing, and evaluation of technologies related to artificial intelligence (AI), cybersecurity, resilient systems, and information domain-related innovations.

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    Palo Alto Networks CEO Says Cybersecurity Has ‘Become an Arms Race’

    2024-09-19

    BNN Bloomberg: The demand for comprehensive cybersecurity services is only going to keep growing as businesses face new threats on a daily basis, the head of Palo Alto Networks says.

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    New National Cybersecurity Campaign Promotes the Power of a 9-Second Pause

    2024-09-18

    Yahoo Finance: Craig Newmark Philanthropies, in partnership with Wondros, has launched a national cybersecurity public service campaign to help Americans become more resilient against increasingly pervasive and sophisticated cyber threats.

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    US Healthcare Spending More on AI, Cybersecurity, Other IT Investments

    2024-09-17

    Yahoo Finance: A new study from Bain & Company and KLAS Research shows US healthcare providers and payers are boosting their investment in AI, cybersecurity, and other IT areas to support innovation and improve operations.

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    Know Your Breach: Avis

    The Target: Car rental company Avis

    The Take: The scope of the stolen data varies depending on the customer, but the following information is potentially affected: name, email address, telephone number, date of birth, credit card number and expiration date, driver’s license number.

    The Vector: The company detected unauthorized access to one of its business applications at the beginning of August. Avis has described the breach as ‘insider wrongdoing.’

    This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

    Read more...

    T. Rowe Price, New York Life Caught Up in Data Breach Affecting 6 Million Customers

    2024-09-10

    Think Advisor: A data breach that hit technology platform Infosys McCamish Systems last year affected over 6 million customers at several financial services firms, including T. Rowe Price Retirement Plan Services, according to filings with the Maine attorney general’s office.

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