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Industry News: ESG5

    Know Your Breach: AutoZone

    The Target: AutoZone is the leading retailer and distributor of automotive spare parts and accessories in the U.S., operating 7,140 shops in the country and also in Brazil, Mexico, and Puerto Rico.

    The Take: The data leaked by the cybercriminals is roughly 1.1GB in size, containing employee names, email addresses, parts supply details, tax information, payroll documents, Oracle database files, data about stores, production and sales information, and more. No customer data appears in the leaked files.

    The Vector: AutoZone became aware that an unauthorized third party exploited a vulnerability associated with MOVEit and exfiltrated certain data from an AutoZone system that supports the MOVEit application. More specifically, on or about August 15, 2023, AutoZone determined that the exploitation of the vulnerability in the MOVEit application had resulted in the exfiltration of certain data.

    This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.

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    Fidelity National Financial Shuts Down Network in Wake of Cybersecurity Incident

    2023-11-22

    TechCrunch: Fidelity National Financial, or FNF, a Fortune 500 company that provides title insurance and settlement services for the mortgage and real estate industries, announced that it was the victim of a “cybersecurity incident that impacted certain FNF systems.”

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    CFOs Must Boost Their Cybersecurity Savvy, Former FBI Agent Says

    2023-11-21

    CFO: New Securities and Exchange Commission (SEC) rules requiring the disclosure of processes for identifying material cyber risks — and management’s role and expertise in assessing and managing the risks — may require CFOs to hit the books.

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    Airbus and Deutsche Telekom Back Tighter EU Cybersecurity Rules

    2023-11-21

    Investing.com: European companies, including Airbus SE and Deutsche Telekom AG, have endorsed the European Union Agency for Cybersecurity's (ENISA) proposal for stricter cybersecurity regulations.

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    Australia Unveils Cybersecurity Ramp Up After Port Cyberattack

    2023-11-21

    Yahoo Finance: Australia will undertake an economy-wide revamp of its cybersecurity protections including revised data laws, mandatory reporting and a new nationwide cyber council in response to several significant hacks targeting businesses and infrastructure over the past year.

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    The Good, The Bad And The Reality: The Impact Of AI On Cybersecurity

    2023-11-20

    Forbes: If you take a look at the headlines surrounding the impact of artificial intelligence (AI) on cybersecurity, there are two dominant themes.

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    Cybersecurity Firm Executive Pleads Guilty To Hacking Hospitals

    2023-11-20

    Bleeping Computer: The former chief operating officer of a cybersecurity company has pleaded guilty to hacking two hospitals, part of the Gwinnett Medical Center (GMC), in June 2021 to boost his company's business.

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    Ukraine Fires Top Cybersecurity Officials

    2023-11-20

    TechCrunch: The Ukrainian government has fired two of its most senior cybersecurity officials following accusations of alleged embezzlement.

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    Know Your Breach: Ellington Management Group

    The Target: Investment management firm Ellington Management Group L.L.C.

    The Take: Ellington determined that the following general categories of information may have been involved in the incident but are not relevant to every individual impacted: name, date of birth, Social Security number, medical information, and driver’s license number. In only three instances, non-Ellington financial account information may have been impacted.

    The Vector: Ellington’s investigation determined that between July 18, 2023 and August 8, 2023, an unauthorized actor had access to a single Ellington email account for the demonstrated purpose of sending phishing emails. Ellington analyzed the email account and did not find any evidence of any data being downloaded, emails being forwarded, or the account being synced to other systems.

    As phishing actors continue to explore every potential abuse opportunity on legitimate service providers, novel security gaps constantly threaten to expose users to severe risks. It is essential not to rely solely on email protection solutions, and also scrutinize every email that lands on your inbox, look for inconsistencies, and double-check all claims made in those messages.

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    How US SEC Legal Actions Put CISOs At Risk And What To Do About It

    2023-11-16

    CSO: With the US Securities and Exchange Commission (SEC) having taken legal action against CISOs at both SolarWinds and Uber, security executives feel the pressure to be absolutely precise when writing up security incidents that the company has decided are material. 

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