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Industry News: ESG5

    US Proposes Requiring Reporting For Advanced AI, Cloud Providers

    2024-09-09

    AOL/Reuters: The U.S. Commerce Department said it is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers to ensure the technologies are safe and can withstand cyberattacks.

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    Cybersecurity Firm Zscaler's Shares Fall On Dour Annual Forecasts

    2024-09-04

    Yahoo Finance/Reuters: Zscaler shares tumbled about 16% following the cybersecurity firm's downbeat annual forecast, as macroeconomic challenges slowed spending by its customers.

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    CEO's Arrest Will Likely Not Dampen Cybercriminal Interest in Telegram

    2024-09-04

    Dark Reading: The recent arrest and indictment of Telegram CEO Pavel Durov in France will likely have little short-term impact on use of the platform among cybercriminals and nation-state backed hacking groups.

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    How Trump Could Change Cybersecurity

    2024-09-03

    Axios: Policymakers are preparing for two very different outcomes if former President Donald Trump wins a second term: A world where he overhauls the U.S. approach to defending against nation-state hacks — and another where he leaves everything exactly as it is.

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    Halliburton Confirms Data Stolen in Cyberattack

    2024-09-03

    SecurityWeek: In an updated SEC filing, Halliburton stopped short of confirming a ransomware extortion scheme but said the cyberattack caused significant disruptions and limitation of access to portions of its IT systems.

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    Know Your Breach: Patelco

    The Target: Patelco is an American not-for-profit credit union that provides financial services, including checking and savings accounts, loans, credit cards, insurance plans, and investments, with assets exceeding $9 billion.

    The Take: The information that was exposed to cybercriminals varies per individual and may include: full name, Social Security Number (SSN), driver’s license number, date of birth, email address.

    The Vector: Last month, the company disclosed it suffered a ransomware attack on June 29, 2024, that forced it to shut down customer-facing banking systems to contain the damage and protect people's data.

    As phishing actors continue to explore every potential abuse opportunity on legitimate service providers, novel security gaps constantly threaten to expose users to severe risks. It is essential not to rely solely on email protection solutions, and also scrutinize every email that lands on your inbox, look for inconsistencies, and double-check all claims made in those messages.

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    Indian Lenders Lag Global Peers on Cybersecurity Spends, BCG Says

    2024-08-28

    BNN Bloomberg: Rising cases of online thefts and frauds will push Indian banks that are already lagging behind their global peers in cybersecurity spending to step up, according to Neetu Chitkara, managing director and partner at Boston Consulting Group.

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    Chinese Hackers Exploited Bug to Compromise Internet Companies, Cybersecurity Firm Says

    2024-08-28

    MSN/Reuters: A Chinese hacking group exploited a software bug to compromise several internet companies in the U.S. and abroad, a cybersecurity firm said.

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    Why The SEC's Four-Day Disclosure Rule Raises The Bar For Security

    2024-08-28

    Forbes: Seventy-four percent of cybersecurity leaders are confident in their ability to detect and respond to cyberattacks in real time, according to new research.

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    Falfurrias Management Partners Invests in Cybersecurity Company MOXFIVE

    2024-08-28

    Private Equity Wire: North Carolina-based private equity firm Falfurrias Management Partners has made a growth investment in cybersecurity company MOXFIVE.

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