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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.
Axios: The incoming administration will face a slew of cybersecurity-related challenges, as Joe Biden takes office under a very different environment than existed when he was last in the White House as vice president.
BNN Bloomberg: Big banks and other financial firms predict the cost of warding off cyber criminals will keep climbing in 2021 as they work to secure digital financial services popularized by the pandemic.
CBA: Despite a growing understanding that cyber security is essential in a digital era, some Canadians still need help in getting the message that simple steps can make a big difference in protecting personal information from cyber criminals.
NBC News: Krebs, the director of the Cybersecurity and Infrastructure Security Agency, or CISA, has been the target of public criticism from Trump since the Nov. 3 election over his agency's Rumor Control blog, which rebuts a list of false claims about election fraud and hacking — many of which Trump or his lawyers have touted as real after he lost the election.
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