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The Target: Finastra provides software and services to roughly 8,000 financial institutions worldwide, including 45 of the top 50 banks. Based in London, the company has offices in 42 countries.
The Take: A threat actor using the moniker ‘abyss0’ announced on a dark web cybercrime forum that they were selling 400 gigabytes of data allegedly stolen in the attack and belonging to the fintech giant’s customers.
The Vector: The security incident occurred on November 7, 2024, when an attacker used compromised credentials to access one of Finastra's Secure File Transfer Platform (SFTP) systems.
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.
Dark Reading: Though funding for cybersecurity startups began slowing globally in late 2022, Israeli startups continue to win significant cybersecurity investments, even with the nation's ongoing military operation in Gaza and escalating regional tensions.
BNN Bloomberg: CrowdStrike Holdings Inc. fell in early trading after the cybersecurity company issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that it has recovered from a flawed update that crashed computers around the world.
MSN: Cyberattacks have cost British businesses around 44 billion pounds ($55.08 billion) in lost revenue in the past five years, with 52% of private sector companies reporting at least one attack in that time, insurance broker Howden said.
CSO Online: The Cyber Security Legislative Reforms proposed by the Australian federal government passed both houses on 25 November, during the last week of Parliamentary sittings.
Bleeping Computer: A Kansas City man has been indicted for allegedly hacking into computer networks and using this access to promote his cybersecurity services.
BNN Bloomberg: Cybersecurity startup Halcyon Tech Inc. is the industry’s latest unicorn, reaching $1 billion valuation in a deal to raise $100 million as it aims to combat the rise of ransomware attacks.
Forbes: In today's era, cybersecurity increasingly relies on artificial intelligence (AI) to keep up with evolving threats. As businesses integrate more technology into their processes, the risks of data breaches and cyberattacks also rise.
The Target: Maxar Space Systems is a major player in the American aerospace industry, considered an expert in building communication and Earth observation satellites.
The Take: Maxar Space Systems says that the attacker likely has access to a system that contained the following employee information: name, home address, social security number, business contact information, gender, employment status, employee number, job title, hire/job termination start dates, supervisor, department.
The Vector: The information security team discovered that a hacker using a Hong Kong-based IP address targeted and accessed a Maxar system containing certain files with employee personal data.
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.
Dark Reading: As artificial intelligence (AI) continues to revolutionize industries, the cybersecurity field faces a dual-edged sword of opportunities and threats. StrongDM's latest report, "The State of AI in Cybersecurity," highlights the growing concerns and readiness of cybersecurity professionals to tackle AI-driven challenges.
TechCrunch: Wiz, one of the most talked-about names in the world of cybersecurity, is making a significant acquisition to expand its product reach in cloud security, particularly with developers.
CSO Online: The financial sector faces a wide array of serious security threats that will only increase as cybercriminals make greater use of AI. Financial sector firms are uniquely exposed to cyber risk due to the large amounts of sensitive data and transactions they process.
TechCrunch: Finastra, a London-based financial software company that serves most of the world’s top banks, has confirmed it’s investigating a data breach after a hacker claimed a compromise of the company’s internal file-transfer platform.
Business Wire: Twine, a US and Israeli-based cybersecurity company, announced $12M in seed funding co-led by Ten Eleven Ventures and Dell Technologies Capital, with participation from angel investors including the founders of Wiz.
SecurityWeek: The US government’s cybersecurity agency CISA on Tuesday confirmed that director Jen Easterly and deputy Nitin Natarajan will depart on January 20, clearing the way for a leadership overhaul by the incoming administration.
CFO Dive: The SEC this year blunted requirements of a rule focused on climate risk disclosure before putting the regulation on hold in the face of legal challenges. Companies would be required to disclose the impact of climate change on their finances, operations and business strategy.
The Target: Retail giant Hot Topic, which has more than 640 stores across the U.S.
The Take: The stolen data includes email addresses, physical addresses, phone numbers, purchases, genders, and dates of birth. Partial credit card data was also included in the breach, including credit card type, expiry dates, and the last four digits of the card number.
The Vector: The breach occurred on October 19 and was claimed by a threat actor operating under the alias “Satanic” on October 21. In a post on the cybercrime forum BreachForums, Satanic claimed to have stolen 350 million user records from Hot Topic and its affiliated brands, Box Lunch and Torrid.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
TechCrunch: More consolidation is afoot in the world of cybersecurity. Bitsight, a cybersecurity startup last valued at $2.4 billion when ratings firm Moody’s took a stake in the business and became its largest shareholder in 2021, is acquiring Cybersixgill for $115 million.
Dark Reading: The increase in cyber operations, disruptive attacks, and hacktivism in the Middle East has led the region's largest nations to pursue more sophisticated cybersecurity laws and frameworks over the past decade, leading to a dynamic regulatory landscape that companies need to navigate moving forward, according to regional experts.
Yahoo News: An Alberta Crown corporation says it recently experienced "network issues" after it was the target of a cyberattack. Dwayne Brunner, a spokesman for Alberta Innovates, wouldn't confirm when the issues began, but said an investigation is underway and all network problems have been resolved.
TechCrunch: Many feared that the 2024 election would be affected, and perhaps decided, by AI-generated disinformation. While there was some to be found, it was far less than anticipated. But don’t let that fool you: The disinfo threat is real — you’re just not the target.
PR Newswire: Jones Walker LLP today announced the release of its 2024 Community and Mid-Size Banks Cybersecurity Survey, the fourth in the law firm's series of industry-focused, biannual cybersecurity studies.
Bleeping Computer: The FBI, the NSA, and Five Eyes cybersecurity authorities have released a list of the top 15 routinely exploited vulnerabilities throughout last year, most of them first abused as zero-days.
Yahoo News: The federal government is opening a research centre that will study the dangers posed by artificial intelligence technology. Industry Minister François-Philippe Champagne announced the launch of the Canadian Artificial Intelligence Safety Institute in Montreal.
The Target: Schneider Electric is a French multinational company that manufactures energy and automation products ranging from household electrical components found in big box stores to enterprise-level industrial control and building automation products.
The Take: The threat actors claim that the stolen data includes 75,000 unique email addresses and full names for Schneider Electric employees and customers.
The Vector: The threat actor said they breached Schneider Electric's Jira server using exposed credentials. Once they gained access, they claimed to use a MiniOrange REST API to scrape 400k rows of user data.
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.
Yahoo Finance: Crowdstrike Holdings Inc. disclosed an expanded distribution partnership with Ignition Technology to bring its Falcon cybersecurity platform to Ignition’s partner network in Ireland.
BNN Bloomberg: Qualys Inc. is exploring options including a potential sale after receiving takeover interest, people familiar with the matter said, as consolidation is expected to accelerate in the cybersecurity sector. The stock rose as much as 33%.
Bleeping Computer: The Federal Ministry of Justice in Germany has drafted a law to provide legal protection to security researchers who discover and responsibly report security vulnerabilities to vendors.
CSO Online: Canadian federal and provincial authorities haven’t released the court documents relating to the arrest, so CSO isn’t naming the accused.
Cybersecurity Dive: Fraud is on the rise. Americans lost $10.2 billion to fraud in 2023, a 14% increase in reported losses compared to 2022, according to the Federal Trade Commission. And fraudsters are aided in no small part by advanced technology, according to the international police organization Interpol.
US News: U.S. cybersecurity agency director Jen Easterly said that her department has not seen evidence of any activity that could directly impact the outcome of the election, despite a surge in disinformation.
Bank Info Security: British financial institutions must ensure by this spring that they could reasonably weather a third-party tech outage on the scale of July's global meltdown of 8.5 million computers triggered by a faulty update from cybersecurity firm CrowdStrike.
The Target: Landmark Admin is a third-party administrator for insurance companies, offering back-office services like new business processing and claims administration for large insurance carriers.
The Take: The following information related to potentially impacted individuals may have been subject to unauthorized access: first name/initial and last name; address; Social Security number; tax identification number; driver's license number/state-issued identification card; passport number; financial account number; medical information; date of birth; health insurance policy number; and life and annuity policy information.
The Vector: Landmark says it found evidence that the threat actor accessed some files during the attack that contained the personal information of 806,519 people.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
PR Newswire: With nearly a 10-percentage point jump in cyberattacks over the past year, Canadian business leaders rank cybersecurity as the No. 1 threat to their growth, finds a recent KPMG Private Enterprise™ survey.
PYMNTS.com: U.K. cybersecurity firm CybaVerse is expanding its team after raising $1.4 million. The company announced the fundraise on its website, saying it would use the capital to speed the development of its platform and expand its team.
Cybersecurity Dive: The recognition and remediation of software vulnerabilities has become an increasingly urgent issue in the cybersecurity community in recent years.
US News: Rapid7, a cybersecurity firm with a market value of about $2.5 billion, is exploring options with its investment bankers after attracting acquisition interest from buyout firms, according to people familiar with the matter.
CSO Online: When security vendor Portnox reported in a survey that 77% of CISOs say they are either very or extremely worried about losing their job when the next big breach happens, it raised questions about how CISOs should perceive their value in the C-suite.
Dark Reading: Delta Air Lines is suing CrowdStrike to recover the $500 million in revenue it lost due to the CrowdStrike outage earlier this year, which led to an assortment of issues and disrupted businesses, airlines, healthcare providers, and more.
Crunchbase: Cybersecurity firm Armis Security closed a $200 million Series D led by Alkeon Capital and General Catalyst. The round boosts the company’s valuation nearly 25% to $4.2 billion. The San Francisco-based startup last raised a $300 million private equity round in 2021 led by One Equity Partners at a $3.4 billion valuation.
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