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    Industry News: ESG5

      Department of Financial Services Issues Alert to Regulated Entities Concerning Heightened Risk of Cyber Attacks

      2020-01-04

      Department of Financial Services: There is currently a heightened risk of cyber attacks from hackers affiliated with the Iranian government. The Iranian government has vowed to retaliate against the United States for the death of Qassem Soleimani.  Given Iranian capabilities and history, U.S. entities should prepare for the possibility of cyber attacks. 

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      The Financial Conduct Authority and Cyber Resiliency

      2019-12-27

      JDSUPRA: The Financial Conduct Authority (FCA) aims to guide regulated firms on its expectations of their cyber resiliency. In 2018, the FCA warned regulated firms of the risks of outdated IT systems and the lack of effective cyber controls as a key area of vulnerability in an environment where it said that the threat level for cyber-attacks is “remarkable.

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      19-Year Old Suspect Charged With $1 Million Crypto Heist via SIM-Swaps

      2019-12-19

      Coin Telegraph: A 19-year old man has been indicted for identity theft as part of an alleged $1+ million cryptocurrency heist affecting at least 75 victims in the United States.

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      'We're Sorry': 15M LifeLabs Customers May Have Had Data Breached in Cyberattack

      2019-12-18

      CTV: Hackers may have obtained the personal data of 15 million LifeLabs customers after a systems breach, and this includes addresses, passwords, birthdays, health card numbers and even lab results.

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      Private Equity Firms to Acquire LastPass Parent for $4.3 Billion

      2019-12-18

      Cyberscoop: LogMeIn, the Boston-based software company that owns password manager LastPass, said it will sell itself to two private equity companies as part of a cash deal valuing LogMeIn at roughly $4.3 billion.

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      Desjardins Says Employee who Stole Personal Data Also Accessed Credit Card Info

      2019-12-10

      CTV: The Desjardins Group says the employee who stole the personal data of 4.2 million members of the financial co-operative also gained access to information for 1.8 million credit card holders.

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      U.S. Cracks Down on Russian 'Evil Corp' Hackers After $100 Million Spree

      2019-12-05

      Reuters: U.S. authorities on Thursday took aim at a Russian cybercriminal group known as Evil Corp, indicting its Lamborghini-driving alleged leader and ordering asset freezes against 17 of his associates over a digital crime spree that has netted more than $100 million from companies across the world.

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      University of Ottawa Partners with IBM on new Cybersecurity Hub

      2019-12-04

      Ottawa Business Journal: Students and researchers at the University of Ottawa will now have access to tools and expertise on the cybersecurity sector from IBM Canada.

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      The West Failed to Prepare for Cyber Attacks, Security Chief Admits

      2019-12-04

      The Telegraph: The West was slow to respond to the threat of cyber attacks, the chief of the NATO Cooperative Cyber Defence Centre (CCDCOE) has admitted.  

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      Dell to Explore Sale of RSA Cybersecurity Unit

      2019-11-25

      Bloomberg: Dell Technologies Inc. is exploring a sale of RSA Security, a cybersecurity business it hopes could fetch at least $1 billion, including debt, according to people familiar with the matter.

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