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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…
Coronavirus, IoT, Privacy & Compliance News and Analysis, Security News

Work from home survey finds major security lapses as workers share devices, reuse passwords

Stay-at-home workers are threatening corporate IT security with 93 percent of them admitting they reuse passwords and 29 percent allowing other family members to use their company-issued devices for homework and online entertainment, according to a report from CyberArk. In a late April 2020 survey of 3,000 remote office workers and IT professionals in the…
U.S.mapwithpins
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…
Israel comes under cyber attack
APTs/cyberespionage, Government/Defense, Security News

Israeli websites defaced, as more offensive cyber activity flares up in Middle East

Following a month of cyberattacks involving Iran and Israel, experts are reluctant to predict all-out digital warfare between the nation states, despite the obvious recent tit for tat that underscores age-old, religion-based tensions. The latest possible salvo came May 21, when approximately 1,000 corporate and manufacturing targets within Israel were afflicted with defacements and denial…
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…
Denial of Service attacks, ransomware
Government, Security News

Minneapolis reportedly hit with DoS attack amid protests over Floyd killing

As protests over George Floyd’s death intensified in Minneapolis, the city was reportedly hit with a DoS attack early Thursday morning that left multiple websites and computer systems dysfunctional for several hours. The municipality reportedly restored service on 95 percent of its impacted URLs and systems within hours of the attack and expected a full…
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…
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