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The Target: One of the largest cryptocurrency infrastructure providers, Transak serves nearly six million users across 160 countries and 46 U.S. states.
The Take: Names, birthdays, passports, driver’s license information and user selfies were leaked in the breach.
The Vector: A “sophisticated phishing attack” granted the attacker access to an unnamed know-your-customer vendor Transak uses for document scanning and verification.
As phishing actors continue to explore every potential abuse opportunity on legitimate service providers, novel security gaps constantly threaten to expose users to severe risks. It is essential not to rely solely on email protection solutions, and also scrutinize every email that lands on your inbox, look for inconsistencies, and double-check all claims made in those messages.
CSO Online: The US Cybersecurity Infrastructure Security Agency (CISA) has proposed a set of security requirements to be fulfilled by organizations running sensitive business transactions with states posing national security and foreign policy threats to the US.
MSN: Thoma Bravo-backed cybersecurity firm Sophos said it would acquire Secureworks from Dell Technologies for $859 million in cash to strengthen its product lineup for enterprise customers.
Yahoo Finance: Cybersecurity services provider Socket said it has raised $40 million in a mid-stage round from a host of existing and new investors, including OpenAI Chairman Bret Taylor, Yahoo Co-Founder Jerry Yang and Shopify CEO Tobias Lutke.
BNN Bloomberg: Four hacked companies will pay a total of almost $7 million to settle US Securities and Exchange Commission allegations that they downplayed the significance of the cyberattacks, the latest fallout from the massive SolarWinds Corp. breach.
Cybersecurity Dive: As cybersecurity concerns grow around the globe, senior executives and board members are looking to the CISO to help shape how companies manage risk and think strategically about growing technology estates.
Yahoo Finance: As technology advances at a rapid pace, even the most sophisticated organizations struggle to keep up — especially when it comes to cybersecurity.
TechCrunch: Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook.
The Target: U.S. money transfer giant MoneyGram.
The Take: The stolen customer data includes names, phone numbers, postal and email addresses, dates of birth, and national identification numbers. The data also includes a “limited number” of Social Security numbers and government identification documents, such as driver’s licenses and other documents that contain personal information, like utility bills and bank account numbers.
The Vector: BleepingComputer first reported that MoneyGram was breached through a social engineering attack on its IT help desk where threat actors impersonated an employee. Once they gained access to the network, the threat actors initially targeted the Windows active directory services to steal employee information.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
Crunchbase: After a robust comeback in the second quarter of this year, funding to cybersecurity startups tumbled 51% in Q3 as investors pulled back.
TechCrunch: Fidelity Investments, one of the world’s largest asset managers, has confirmed that over 77,000 customers had personal information compromised during an August data breach, including Social Security numbers and driver’s licenses.
Forbes: As the CEO of a cybersecurity firm, I've witnessed the evolution of cybersecurity from a niche concern to a cornerstone of strategic business planning.
Business Wire: Cyber claims have continued their upwards trend over the past year, driven in large part by a rise in data and privacy breach incidents, Allianz Commercial warns in its annual cyber risk outlook.
CSO Online: The Australian Federal Government has introduced the Cyber Security Bill 2024 to Parliament proposing the country’s first standalone cybersecurity Act.
Cybersecurity Dive: The research highlights a troubling gap between security executives and the C-suite at a time when the security industry has been pushing businesses to embrace cyber risk as a core business risk.
Bleeping Computer: A 21-year-old man from Indiana named Evan Frederick Light pleaded guilty to stealing $37,704,560 worth of cryptocurrency from 571 victims in a 2022 cyberattack.
The Target: ScienceLogic SL1 (formerly EM7) is an IT operations platform for monitoring, analyzing, and automating an organization's infrastructure, including cloud, networks, and applications.
The Take: The hackers exploited the zero-day to gain access to web servers and steal limited customer monitoring data, including customer account names and numbers, customer usernames, Rackspace internally generated device IDs, device name and information, IP addresses, and AES256 encrypted Rackspace internal device agent credentials.
The Vector: Threat actors exploited a zero-day vulnerability in a third-party tool used by the ScienceLogic SL1 platform.
This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.
Euro News: New research from the Information Systems Audit and Control Association (ISACA) found that 39 per cent of the almost 6,000 global organizations they surveyed admit they are experiencing more cyberattacks, and 15 per cent of them are suffering from more privacy breaches compared to a year ago.
Dark Reading: Darktrace, a global leader in cybersecurity AI, has announced the completion of its acquisition by Thoma Bravo, a leading software investment firm, for $5.3bn. The recommended cash acquisition was announced on 26 April 2024 and the Scheme of Arrangement has now become effective.
Cybersecurity Dive: The number of ransomware attacks hitting U.S. and international organizations continues to climb, despite an extensive and growing effort to reduce the volume and impact of these attacks, U.S. cyber authorities said.
Chief Investment Officer: Mergers and acquisitions are up this year for firms providing cybersecurity tools and services, amid heightened attacks by criminals and increased use of artificial intelligence to counter the bad guys.
BNN Bloomberg: As the number of cyber-attacks has risen in recent years, a new survey finds that the incidents are leading to reputational damages amongst impacted organizations. The Canadian Internet Registration Authority (CIRA) released the results of its latest annual Cyber Security Survey.
Yahoo Finance: Palo Alto Networks and Deloitte announced an expansion of their strategic alliance into the EMEA and JAPAC regions, making Palo Alto Networks AI-powered cybersecurity solutions and joint offerings available to Deloitte clients globally.
CSO Online: With rapid advancements in Artificial Intelligence (AI) pushing boundaries and the regulatory environment in constant flux, achieving cyber resilience is becoming more difficult for enterprises.
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