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Bank of Canada: Financial markets face the constant threat of cyber attacks. We develop a principal-agent model of cyber-attacking with fee-paying clients who delegate security decisions to financial platforms. We derive testable implications about clients’ vulnerability to cyber attacks and about the fees charged. We characterize which cyber attacks actors choose.
The Hill: The analysis states that a security engineer from the Alibaba Cloud Security team in China first reported the vulnerability to the Apache Software Foundation, a nonprofit organization that provides support for Log4j, the software.
Tech Crunch: Hotel group Marriott International has confirmed another data breach, with hackers claiming to have stolen 20 gigabytes of sensitive data, including guests’ credit card information.
Tech Radar: The Chief Digital and Artificial Intelligence Office (CDAO), the Directorate for Digital Services and the Department of Defense Cyber Crime Center (DC3) jointly launched “Hack US”, a bounty-hunting program aimed at identifying high-severity flaws in government systems.
CoinDesk: Watch out for phishing emails, says OpenSea, after staff at the world’s largest NFT marketplace discovered that an employee of Customer.io, a platform for managing email newsletters and campaigns, leaked the list of OpenSea customers’ emails to an outside party.
Korea Herald: North Korea’s state-sponsored Lazarus Group is believed to be behind the recent $100 million cryptocurrency theft from a US blockchain company, the latest in a spate of high-profile cyber heists from the Kim Jong-un regime, London-based blockchain analytics firm Elliptic said.
Business Wire: ECI, the leader in public cloud and cybersecurity managed services for the global financial services industry, recently commissioned IDC to write the white paper "Cybersecurity and Digital Transformation of Global Alternative Asset Institutions: A Critical Pairing” to understand the intersection of cybersecurity and digital transformation (DX) for global alternative investment institutions.
PYMNTS: Microsoft announced its plans to acquire cyberthreat analysis and research company Miburo in a Tuesday (June 14) blog post. The cybersecurity company specializes in detecting and responding to foreign information operations.
CBC: The federal government has tabled a bill that would allow it to compel companies in the finance, telecommunications, energy and transportation sectors to either shore up their cyber systems against attacks or face expensive penalties.
Bleeping Computer: Security researchers have uncovered a large-scale malicious operation that uses trojanized mobile cryptocurrency wallet applications for Coinbase, MetaMask, TokenPocket, and imToken services.
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