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The Target: SRP Federal Credit Union, one of the largest in South Carolina. SRP was founded in 1960 and said it has more than $1.6 billion in assets as of 2022.
The Take: The potentially exposed data included names, dates of birth, addresses, phone numbers, email addresses, government-issued IDs, social security numbers, transaction activity and photographs of users.
The Vector: After law enforcement was notified, an investigation was conducted and they realized that hackers accessed SRP Federal Credit Union systems “at times from September 5, 2024, and November 4, 2024, and potentially acquired certain files from our network during that time.”
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.
Investing.com: Cybersecurity startup Bureau has raised $30 million in a funding round to expand its operations into new markets. The round was led by Sorenson Capital, the firm announced.
CFO Dive: Much of the public company filings resulting from the Securities and Exchange Commission’s first year of implementing a rule requiring the disclosure of “material” cybersecurity breaches have been vague and confusing, producing little value for investors, legal analysts said.
SecurityWeek: Originally published in 2016, the NCIRP is meant as a framework on how federal, private, state, local, tribal, and territorial (SLTT), and international organizations address cyber incidents that have a higher severity, and which could cause disruptions to critical infrastructure or equipment damage.
Forbes: The role of cybersecurity cannot be underestimated. The increasing adaption of technology means businesses are becoming more dependent on devices and virtual systems.
CSO Online: Six months after Congressional hearings that promised action on the massive Change Healthcare ransomware attack and data theft, three pieces of proposed legislation to tighten cybersecurity requirements on healthcare providers are waiting to be dealt with.
BNN Bloomberg: BlackBerry Ltd. has signed a deal to sell its Cylance security business to Arctic Wolf. Cylance uses artificial intelligence to help users detect malware and prevent cyberattacks.
The Record: As hackers pummel state and local governments with cyberattacks that exploit their untrained employees and aging infrastructure, a crucial source of support from the federal government is in danger of disappearing.
The Target: Byte Federal operates 1,356 Bitcoin ATMs in the US, accounting for 4.3% of all crypto ATMs in the country.
The Take: The potentially exposed data included names, dates of birth, addresses, phone numbers, email addresses, government-issued IDs, social security numbers, transaction activity and photographs of users.
The Vector: Byte Federal said it had discovered the attack on Nov. 18, more than 30 days after it occurred on Sept. 30, with a bad actor exploiting a vulnerability in software provided by a third party.
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.
Cybersecurity Dive: The SEC’s cyber disclosure rule continues to confound companies, resulting in a lack of compliance and insufficient details, analysis of the past year’s filings shows. Business leaders’ concerns about sharing too much information is causing a sustained variance in the timing and fullness of cyber incident filings.
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