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Coronavirus, Finance, Risk Management, Security News

Financial institutions likely to doubledown on security spending

Prior to the pandemic, financial institutions spent an average $2,700 on cybersecurity per full-time employee, up from $2,300 the previous year. COVID-19 now drives the need for companies to doubledown on cybersecurity going forward, according to a study from Deloitte’s cyber risk and strategic risk services group in conjunction with the Financial Services Information Sharing…
Data Breach, Government/Defense, Security News

U.S. top in significant cyberattacks on CSIS list

The U.S. by far has been hit harder than any other country in the world with 156 “significant” cyberattacks since 2006, according to new data from the U.S.-based think tank Center for Strategic and International Studies (CSIS) that chronicles major hacks up until last month.   The U.K. finished second with 47 significant attacks, which…
Security News

Mounting IIoT cyber risks must be addressed now to prevent catastrophe: report

Critical infrastructure globally across sectors are at a particularly vulnerable state due to the continued heightened pace of cyberattacks on the Industrial Internet of Things (IIoT), according to a report from Lloyd’s Register Foundation, the U.K.-based global safety charity. Lloyd’s suggests a series of measures to meet the increasing IIoT risks to energy, transport, built…
Security News, Vulnerabilities

Cyber Command urges orgs to implement F5 patch for BIG-IP configuration interface flaw

A vulnerability found last month in the configuration interface of the BIG-IP delivery controller used by some of the world’s biggest companies, governments, military, internet service providers, cloud-computing data centers and enterprise networks, was quickly fixed by its developer F5. U.S. Cyber Command retweeted last Friday F5’s advisory to patch immediately the flaw that could…
RiskSec 2020, Security News

No more excuses: how to build a diverse workforce now

For such a vibrant, innovative industry, cybersecurity isn’t as diverse and inclusive within the executive ranks as it should be. And some leaders say that reality is to the detriment of the community. Industry luminaries Camille Stewart from Google, Microsoft’s Edna Conway and former NASA technology chief Jerry Davis will draw on their substantial private…
APTs/cyberespionage, Security News

Trump approved 2018 retaliatory cyberattack on Russia’s IRA

Despite past assertions that he believed Russian President Vladimir Putin over his own intelligence community that Russia does not tamper with the U.S. electoral process, President Donald Trump last week admitted in an interview with a Washington Post columnist that he approved a 2018 retaliation to take out Russia’s Internet Research Agency (IRA) for precisely…
RiskSec 2020, Security News

Estonia ambassador to connect dots from cyberwar to security culture

It often takes a significant event – perhaps a pandemic or a major cyberattack  – to test an organization’s cybersecurity chops and provoke its transformation into a security culture that builds resiliency. For Estonia, the journey to transformation and resilience came after one of the most notorious series of devastating cyberattacks executed by Russian operatives…
InfoSec World 2020, Security News

Alsid’s Melber urges active directory protection to fend off new attack patterns

Enterprises that start concentrating on protecting the active directory will be doing themselves a huge favor, Derek Melber emphasized in his Tuesday afternoon InfoSec World 2020 session, “New Attack Patterns: Targeting the Keys to the Kingdom.” “The attackers are going directly after the core IAM (Identity and Access Management) for nearly 95 percent of the…
electric power
APTs/cyberespionage, Security News

Is the electric grid closer to a devastating cyberattack that could mean lights out?

Could the electric grid really be taken down with a $50 device secreted in the bottom of a coffee cup as some researchers have claimed? Perhaps. But the more likely threat comes from bad actors with markedly improved capabilities who’ve ramped up their attacks on critical infrastructure and utilities. Consider that 70 percent of industrial…
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