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Claims Journal: As details of the most audacious hack on the U.S. government in recent memory continued to stun lawmakers and the public, a government watchdog released a blistering report saying that federal agencies have failed to implement key safeguards for their information technology supply chains.
Cision: In 2019, the FBI’s Internet Crime Complaint Center recorded 23,775 complaints about business email compromise (BEC), which resulted in more than $1.7 billion in losses. In the wake of COVID-19, fraudulent cybercrimes and email schemes are on the rise.
Lupa Express: The federal banking businesses are poised to suggest new guidelines that would spell out banks’ obligations to inform their regulators promptly a few knowledge breach.
CNN Business: The cybersecurity firm FireEye (FEYE) said Tuesday that it had come under cyberattack by "highly sophisticated" actors likely sponsored by a nation-state, in a rare and extremely serious instance of a mainstream security vendor being compromised. The hack could even give the perpetrators the means to launch attacks against other targets.
ABC News: Researchers at a cybersecurity firm say they have identified vulnerabilities in software widely used by millions of connected devices — flaws that could be exploited by hackers to penetrate business and home computer networks and disrupt them.
BusinessWire: McAfee Corp. (Nasdaq: MCFE) –McAfee today released a new global report titled “The Hidden Costs of Cybercrime,” which focuses on the significant financial and unseen impacts that cybercrime has worldwide. The report, conducted in partnership with the Center for Strategic and International Studies (CSIS), concludes that cybercrime costs the world economy more than $1 trillion, or just more than one percent of global GDP, which is up more than 50 percent from a 2018 study that put global losses at close to $600 billion. Beyond the global figure, the report also explored the damage reported beyond financial losses, finding 92 percent of companies felt effects beyond monetary losses.
Yahoo Finance: IBM security researchers say they have detected a cyberespionage effort using targeted phishing emails to try to collect vital information on the World Health Organization's initiative for distributing COVID-19 vaccine to developing countries.
BNN Bloomberg: A Russian who admitted carrying out one of the largest known cyberattacks against a U.S. bank is a “brazen and prolific” hacker who should serve as long as almost two decades in prison, U.S. prosecutors told a federal judge in advance of his sentencing.
FINRA: FINRA warns member firms of an ongoing phishing campaign that involves fraudulent emails that include the domain “@invest-finra.org”. FINRA recommends that anyone who clicked on any link or image in the email immediately notify the appropriate individuals in their firm of the incident.
Reuters: Cybersecurity could be one of the key post-pandemic investment themes in an equity-friendly world of low interest rates and vaccine-led recovery, LGIM CIO Sonja Laud said.
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