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Industry News: ESG5

    Give the Ransomware Threat the Same Priority as Terrorism, says US Official Guidance

    2021-06-04

    Computing: Ransomware gangs should be tracked and disrupted using the same strategies deployed against terrorist groups, US Department of Justice officials have suggested.

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    Business Leaders Must Take Urgent Action to Counter Ransomware Threat, White House Warns in Memo

    2021-06-03

    CNBC: The Biden administration is urging corporate executives and business leaders to take immediate steps to prepare for ransomware attacks, warning in a new memo that cybercriminals are shifting from stealing data to disrupting core operations.

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    FireEye is Selling its Products Business and Name for $1.2 Billion

    2021-06-02

    CNBC: The U.S. cybersecurity firm said the sale will split Mandiant Solutions, its cyber forensics unit, from its cloud security, network and email products.

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    Reserve Bank Moves to Address Cyber Vulnerability After KPMG Report

    2021-05-31

    RNZ: A report by consultancy KPMG has uncovered shortcomings in the Reserve Bank's data protection practices, which resulted in it becoming a victim of a cyber-attack on the third-party file-sharing application it used to share and store information.

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    US Pipelines Ordered to Increase Cyber Defenses After Hack

    2021-05-27

    Yahoo Finance: U.S. pipeline operators will be required for the first time to conduct a cybersecurity assessment under a Biden administration directive in response to the ransomware hack that disrupted gas supplies in several states this month.

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    Canada Post Says 950,000 Customers Exposed in Data Breach

    2021-05-27

    Yahoo Finance: Canada's national mail carrier says a malware attack on one of its suppliers has impacted 44 of its biggest corporate customers across the country, and potentially up to nearly one million people.

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    Colonial Pipeline CEO Confirms Company Ransom to Hackers: WSJ

    2021-05-19

    BNN Bloomberg: Colonial Pipeline Co. confirmed on Wednesday that it paid hackers US$4.4 million in ransom after suffering a devastating cyberattack that took the U.S.’s largest fuel pipeline offline.

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    Biden Proposes Billions for Cybersecurity After Wave of Attacks

    2021-05-18

    BNN Bloomberg: President Joe Biden’s infrastructure proposal includes billions of dollars tied to improving cybersecurity, an area of intensified interest after the ransomware attack on the Colonial Pipeline Co. sent U.S. gasoline prices soaring.

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    How Private Equity Factors in to the Colonial Pipeline Hack

    2021-05-17

    Forbes: On the first Friday in May, a gang of black-hat hackers operating under the ominous nom de guerre of DarkSide successfully breached the cyber defenses of Colonial Pipeline, a company that moves 100 million gallons of fuel a day through a 5,500-mile network of pipes running across the eastern half of the U.S.

    Colonial Pipeline Paid Hackers Nearly US$5M in Ransom

    2021-05-13

    BNN Bloomberg: Colonial Pipeline Co. paid nearly US$5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction.

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