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The Insurer: Since the launch of ChatGPT a year ago, the status of AI has rapidly evolved from headline-grabbing novelty to serious discipline. Preparedness for its impact on cybersecurity is also rapidly improving.
BNN Bloomberg: Taiwan’s financial system undergirds a $760 billion high-tech economy, but its vulnerability to advanced hacks has raised fears of a worst-case scenario: a full-blown cyberattack from China that sends its currency and markets into a tailspin.
The Target: HTC Global Services is a managed service provider offering technology and business services to the healthcare, automotive, manufacturing, and financial industries.
The Take: The leaked data includes passports, contact lists, emails, and confidential documents allegedly stolen during the attack.
The Vector: While little information about the attack on HTC is available, cybersecurity professional Kevin Beaumont believes the company was breached using the Citrix Bleed vulnerability. According to Beaumont, one of HTC's business units, CareTech, operated a vulnerable Citrix Netscaler device, which was exploited for initial access to the company's network.
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.
Yahoo Finance: Blackstone Inc. has provided a more than $1 billion private credit loan package for BeyondTrust, a cybersecurity company, according to people with knowledge of the transaction.
CSO: While organizations are realizing the need for knowledgeable teams to address unknown threats, they are also looking to reduce their security headcount and infrastructure spending.
Forbes: Cybersecurity is an existential threat to the global economy. The World Economic Forum’s (WEF) Global Risks Report places cybercrime and cyber insecurity in the top 10 global risks over the next two- and 10-year periods.
Dark Reading: Foresite, announced a new partnership with CrowdStrike, a global leader in cloud-delivered protection of endpoints, cloud workloads, identity, and data protection.
MarketScreener: Lobby group Japan Association of New Economy has joined U.S. Big Tech to warn against proposed EU cybersecurity labelling rules that they said could hamper their access to the bloc's markets, according to a letter sent to the EU industry chief.
CSO: The United States is heading into a crucial election year, with a high-stakes presidential election that could determine the republic’s fate for decades. In addition, all 435 seats in the United States House of Representatives, 34 Senate seats, and 13 governorships are up for grabs, along with thousands of local government elections.
SecurityWeek: Collectively tracked as the Lazarus Group, the North Korean hackers specialize in cryptocurrency-related intrusions, mainly relying on spear-phishing emails to trick victims into authorizing malicious scripts and downloading malware.
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