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The Target: American software giant Oracle.
The Take: The compromised data includes usernames, passkeys, and encrypted passwords, which Oracle staff revealed to some clients.
The Vector: A hacker infiltrated a computer system, resulting in the theft of old client log-in credentials, according to Bloomberg News, citing two people familiar with the matter.
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.
The Guardian: Hackers have targeted Australian superannuation funds, with a small number of customers losing a combined half a million dollars, and compromising some members’ data, the industry’s peak body says.
Wealth Briefing Asia: Family offices are already feeling the impact of weak cybersecurity. As reported in a survey by Deloitte, the accountancy and professional services giant, found that almost half (43 per cent) of family offices around the world – a sector estimated to hold more than $3 trillion in total AuM – have suffered a cyberattack in the past two years.
Dark Reading: Japan has passed the Active Cyber Defense Bill, which will allow its military and law enforcement to take preemptive measures to combat cyber threats.
The Record: Russian President Vladimir Putin signed a law aimed at protecting citizens from cyber fraud, as financial cybercrime reportedly reached record levels in the country.
Business Wire: ReliaQuest, a leader in AI-powered security operations, announced a new funding round of more than $500 million led by EQT, KKR and FTV Capital, with participation from other existing investors Ten Eleven Ventures and Finback Investment Partners.
Cybersecurity Dive: Enterprises are pouring more money and resources into AI initiatives, whether it’s tapping new services, getting legacy systems ready for integration or training employees on how to best use the technology.
SecurityWeek: The investment, part of the Digital Europe Programme for 2025-2027, aims to drive digital technology advancements in the European Union. Part of the €1.3 billion funding will be allocated to cybersecurity, specifically for boosting cyber resilience in the EU.
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