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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.
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.
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