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Industry News: ESG5

    US Federal Agencies Seek to Streamline 'Hodgepodge' of Cyber Reporting Rules

    2023-09-19

    BNN Bloomberg: The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking victims.

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    SEC Cyber Disclosure Rules: What’s The Role Of The CIO?

    2023-09-19

    Cybersecurity Dive: The Securities and Exchange Commission introduced new requirements for disclosing material cybersecurity incidents on Sept. 5, placing pressure on organizations to adopt robust reporting mechanisms. 

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    Using AI In Cybersecurity: Exploring The Advantages And Risks

    2023-09-18

    Forbes: Recently, research firm Cybersecurity Ventures shared its “Top 10 Cybersecurity Predictions And Statistics For 2023,” which unveiled the alarming fact that global cybercrime financial damage will reach $8 trillion​​ in 2023 and $10.5 trillion ​​by 2025.

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    FTX Bolsters Claims Portal Security Measures Following Cyber Breach

    2023-09-17

    Cointelegraph: Bankrupt cryptocurrency exchange FTX has restored its customer claims portal with tighter security protocols, which was previously shut down due to a cyberattack.

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    Know Your Breach: Airbus

    The Target: The European aerospace giant Airbus

    The Take: The hacker claimed to have details on thousands of Airbus vendors, including names, addresses, phone numbers and emails.

    The Vector: Hackers breached an “IT account associated with an Airbus customer” and the company then investigated the incident. This account was used to download business documents dedicated to this customer from an Airbus web portal, the company said.

    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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    Israel’s Startup Funding Drops As Its Famed Cyber Sector Takes A Hit

    2023-09-14

    Crunchbase: Israel has long taken pride in its blossoming tech startup scene, which has birthed large companies such as Check Point SoftwareCyberArk and Imperva, and trails only the U.S. in terms of cybersecurity funding.

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    Majority Of UK Would Support Government Breaking International Cybersecurity Law

    2023-09-13

    CSO: More half of the UK population would be supportive of the UK government and its allies breaking international cybersecurity law, under the right circumstances. 

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    Hackers Steal $53 Million Worth Of Cryptocurrency From CoinEx

    2023-09-13

    Bleeping Computer: Global cryptocurrency exchange CoinEX announced that someone hacked its hot wallets and stole large amounts of digital assets that were used to support the platform's operations.

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    Cyber Risk Is Business Risk, And The SEC Knows It

    2023-09-13

    The Hill: A long overdue policy change to improve corporate governance on cybersecurity is taking effect. These companies are drivers of innovation and critical to the strength of the U.S. economy.

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    MGM Resorts Discloses Cyber Incident In Filing With SEC

    2023-09-13

    Cybersecurity Dive: MGM Resorts officially disclosed a “cybersecurity issue” with the Securities and Exchange Commission in an 8-K filing, after taking its systems offline earlier.

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