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Industry News: ESG5

    White House Attempts to Strengthen Federal Cybersecurity After Major Hacks

    2022-01-26

    CNN: The White House plans to release an ambitious strategy Wednesday to make federal agencies tighten their cybersecurity controls after a series of high-profile hacks against government and private infrastructure in the last two years, according to a copy shared with CNN.

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    Canada's Foreign Affairs Ministry Hacked, Some Services Down

    2022-01-25

    Bleeping Computer: The Canadian government department for foreign and consular relations, Global Affairs Canada was hit by a cyberattack last week. While critical services remain accessible, some online services remain unavailable, as government systems continue to recover from the attack.

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    U.S. SEC Chair Gensler Maps Out Potential Overhaul to Agency's Cyber Rules

    2022-01-24

    O Canada: The U.S. securities regulator is considering extending cyber risk management rules to third-party service providers, and beefing up public company disclosures when they experience a breach, the head of the Securities and Exchange Commission (SEC) said.

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    McAfee Enterprise and FireEye Are Now Called Trellix

    2022-01-18

    ZDNet: During 2021, Symphony Technology Group (STG) picked up McAfee Enterprise for $4 billion in March, and followed it up in June with a $1.2 billion purchase of FireEye. With the merger of the two cybersecurity firms completed in October, the companies have been given a new name.

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    FBI, US Agencies Look Beyond Indictments in Cybercrime Fight

    2022-01-18

    U.S. News: The FBI and other federal agencies are increasingly looking to counter cyber threats through tools other than criminal indictments, the head of the bureau's cyber division said in an interview with The Associated Press.

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    The Impact of Cybersecurity Regulations on the Financial Services Industry in 2022

    2022-01-13

    JDSUPRA: Following the SolarWinds and the Colonial Pipeline cyberattacks, the Biden Administration emphasized a shift toward mandatory cybersecurity requirements.

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    Apple, Amazon Executives to Meet with White House to Discuss Software Security

    2022-01-13

    The Hill: Executives from Apple, Amazon and other top tech firms are meeting at the White House to discuss software security with the administration after major cyberattacks last year. 

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    FCC Proposes Stricter Requirements for Reporting Data Breaches

    2022-01-12

    Tech Crunch: The Federal Communications Commission is the next US regulator hoping to hold companies more accountable for data breaches. Chairwoman Jessica Rosenworcel has shared a rulemaking proposal that would introduce stricter requirements for data breach reporting.

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    NY AG Notifies 17 Companies of Breaches, Says 1.1 Million Accounts Compromised In Attacks

    2022-01-05

    ZDNet: Seventeen companies have been informed of cyberattacks that compromised user information by New York Attorney General Letitia James following an investigation into credential stuffing. More than 1 million customer accounts were compromised due to the attacks, which James said were previously undetected. 

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    Morgan Stanley Files $60 Million Proposed Settlement of Data Breach Claims

    2022-01-03

    Insurance Journal: Morgan Stanley has filed for court approval of a $60 million settlement of a class action stemming from two data breaches in July 2020 that the complaint alleges compromised the information of 15 million of the investment bank’s customers.

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