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The Record: James Babbage, the head of the United Kingdom’s National Cyber Force (NCF), is to leave his role commanding the nation’s elite hacking capabilities later this month to take the reins at the National Crime Agency’s (NCA) directorate for economic and organized crime threats.
MSN: The European Investment Bank (EIB) has been hit by a cyber attack suspected to have been orchestrated by Russian hackers, days after threats to bring down the Western financial system.
The Target: Scranton Cardiology
The Take: Exposure of Personally Identifiable Information including: full names, physical addresses, dates of birth, social security numbers, driver’s license, passport numbers, credit card and bank number details, and some medical information.
The Vector: The breach occurred through a “brute-force” attack where the threat actor uses a program to sequentially try every combination to a password protected system.
This breach is a critical reminder of standards and processes around password hygiene. Length and complexity for passwords, no matter where in a firm’s system they are set, is crucial for a robust overall cyber-security posture. When attackers gain access to legitimate employee credentials, they can act with all the permissions and privileges belong to the user.
OpenPR: Cybersecurity-as-a-Service is a cloud-based approach to outsourcing cybersecurity, where security services are provided on a subscription basis and hosted by cloud providers.
Forbes: Given the speed and scope of digital transformation and related technologies, our vision of what these innovations can achieve encompasses what is possible today and the endless possibilities of tomorrow.
CoinDesk: Floating Point Group (FPG), an institutional trading desk specializing in cryptocurrencies, suffered a cyber attack on Sunday, June 11, which resulted in a loss of between $15 million and $20 million in crypto, a spokesman for the firm told CoinDesk.
Bleeping Computer: U.S. and international cybersecurity authorities said in a joint LockBit ransomware advisory that the gang successfully extorted roughly $91 million following approximately 1,700 attacks against U.S. organizations since 2020.
CNBC: China’s cyber-espionage and sabotage capacities are an “epoch-defining threat,” the top U.S. cybersecurity official said, warning that in the event of open warfare “aggressive cyber operations” would threaten critical U.S. transportation infrastructure “to induce societal panic.”
IT World Canada: It can take Canadian organizations up to 48 days to detect and recover from a cyber attack, according to a new survey of infosec professionals.
BNN Bloomberg: Demand for cybersecurity remains front and centre for companies looking to keep up in the tech era, which is why one analyst says she is bullish on stocks within the sector.
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