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Yahoo News: A trend accelerated by the mass move to digital during the pandemic, enterprises are having to handle an increasing amount of proprietary data.
Middle Market Growth: The exponential increase in both frequency and severity of cybersecurity breaches over the past few years has prompted the U.S. Securities and Exchange Commission (SEC) to propose significant new cybersecurity rules.
Central Western Daily: Medibank says it will have no problems complying with orders to carry an additional $250 million in capital after a catastrophic data breach.
BNN Bloomberg: Suncor Energy Inc. falling victim to a cyberattack may be the most significant cybersecurity breach of an oil and gas company thus far in Canadian history, experts say.
The Target: Intellihartx, a company providing patient balance resolution services to hospitals.
The Take: Personal information of roughly 490,000 individuals, including names, addresses, insurance data and medical billing, diagnosis and medication information, birth dates, and Social Security numbers.
The Vector: The cyberattack exploited a zero-day vulnerability in Fortra’s GoAnywhere managed file transfer software. Tracked as CVE-2023-0669 and leading to remote code execution, the flaw had been exploited starting January 28.
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.
Forbes: The escalating frequency and severity of cyberattacks has made it clear that organizations must fortify their defenses to safeguard sensitive information and maintain the trust of customers and stakeholders.
Financial Standard: The California Public Employees' Retirement System (CalPERS) is alerting its retired members and their relevant family members that some of their personal information was downloaded in an attack on one of its third-party providers' systems.
US News: Australian Perpetual confirmed an extended tech outage over an IT security incident, affecting some of its funds, though the fund manager reaffirmed that all its client investments and its own systems were unaffected and secure.
Yahoo Finance: Artificial Intelligence is a doubt-edged sword for cybersecurity. For example, a key talking point at the RSA Conference 2023, as cited on techtarget.com, was the multifaceted impact of OpenAI's GPT-4 on cybersecurity.
Dark Reading: The cyber landscape continues to evolve as its economy grows. Ransomware attacks already account for trillions of dollars in damages to enterprises each year and standardized and sophisticated offerings such as ransomware-as-a-service and phishing-as-a service will soon become commonplace.
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