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CSO: While organizations are realizing the need for knowledgeable teams to address unknown threats, they are also looking to reduce their security headcount and infrastructure spending.
Forbes: Cybersecurity is an existential threat to the global economy. The World Economic Forum’s (WEF) Global Risks Report places cybercrime and cyber insecurity in the top 10 global risks over the next two- and 10-year periods.
Dark Reading: Foresite, announced a new partnership with CrowdStrike, a global leader in cloud-delivered protection of endpoints, cloud workloads, identity, and data protection.
MarketScreener: Lobby group Japan Association of New Economy has joined U.S. Big Tech to warn against proposed EU cybersecurity labelling rules that they said could hamper their access to the bloc's markets, according to a letter sent to the EU industry chief.
CSO: The United States is heading into a crucial election year, with a high-stakes presidential election that could determine the republic’s fate for decades. In addition, all 435 seats in the United States House of Representatives, 34 Senate seats, and 13 governorships are up for grabs, along with thousands of local government elections.
SecurityWeek: Collectively tracked as the Lazarus Group, the North Korean hackers specialize in cryptocurrency-related intrusions, mainly relying on spear-phishing emails to trick victims into authorizing malicious scripts and downloading malware.
The Target: General Electric (GE) is an American multinational company with divisions in power, renewable energy, and aerospace industries.
The Take: According to the threat actor, "data includes a lot of DARPA-related military information, files, SQL files, documents etc." As proof of the breach, the threat actor shared screenshots of what they claim is stolen GE data, including a database from GE Aviations that appears to contain information on military projects.
The Vector: The data was exposed through a server that was misconfigured so that it was accessible online.
This breach is a stark reminder of how authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
Forbes: The hyper-connected nature of our world, the growing use of cloud applications and the fact that data now resides anywhere are all contributing factors to the ubiquity of cyberattacks.
CNBC: The news sent shares down as much as 7% in pre-market trading, although the stock recovered after Okta posted earnings that beat estimates. The company had originally been expected to report earnings after the bell, but moved its report up to the morning shortly after it disclosed the expanded breach in a blog post filed with the SEC.
Forbes: On one hand, 63% of cybersecurity professionals complain that working conditions have become more difficult over the last two years owing to a heavy surge in cyberattacks, mounting data privacy concerns, overwhelming workloads, budget restrictions, staffing shortages and a complex regulatory environment.
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