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BNN Bloomberg: The Commodity Futures Trading Commission proposed new cybersecurity rules for brokerages and swaps dealers in response to this year’s highly disruptive ransomware attack on software company Ion Trading UK.
Forbes: Embarking upon the cyber frontier, this article aims to delve into the dynamic landscape of data privacy and cybersecurity, unveiling the intricate measures organizations adopt to stay at the forefront of digital defense.
CFO Dive: When Seth Cohen started his career in corporate finance as an analyst at Lehman Brothers, it was long before the internet exploded into a worldwide phenomenon.
PR Newswire: Bitsight, a leader in managing and monitoring cyber risk, announced the results of a joint study with Google analyzing how organizations perform across cybersecurity controls in the Minimum Viable Secure Product (MVSP) framework—a minimum security baseline for enterprise-ready products and services.
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.
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