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Industry News: ESG5

    US Cyber Official Urges Microsoft, Twitter to Boost Security

    2023-02-27

    BNN Bloomberg: A senior US cybersecurity official described adoption of some of Microsoft Corp. and Twitter Inc.’s security protocols as “disappointing” as part of a broadside against large technology companies’ approach to protecting user accounts.

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    Australia Plans to Reform Cyber Security Rules, Set up Agency

    2023-02-26

    U.S News: The Australian government on Monday said it planned to overhaul its cyber security rules and set up an agency to oversee government investment in the field and help coordinate responses to hacker attacks.

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    Know Your Breach: NHS

    The Target: The NHS, the United Kingdom’s National Health Service. 

    The Take: Exposure of 14,000 employee records containing Personally Identifiable Information including: names, physical addresses, Date-of-Birth, NI numbers, gender, ethnicity, and salary.

     The Vector: The unencrypted and unprotected file was accidentally sent to hundreds of in-firm managers, but also to twenty-four external email accounts. The file in question was a spreadsheet which had hidden tab containing the information.

    This breach is a stark reminder of how critical data processes and protocols are when handling sensitive information. Furthermore, the information stolen in this attack could lead to highly targeted phishing campaigns against the victims. Regular training social engineering training, specifically around the human need to get tasks done quickly with a focus on “stop and think” methodology is a key component in cybersecurity.

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    CyberSmart Raises $15M for an All-in-one Cybersecurity and Insurance Solution Targeting SMBs

    2023-02-23

    Tech Crunch: Cybersecurity continues to be a major area for investment among businesses, and today a startup building solutions for smaller enterprises is announcing a funding round to meet that demand. CyberSmart — a U.K. startup that has built an all-in-one platform providing cybersecurity technology for small and medium businesses, and cyber insurance if things go wrong regardless — has closed a Series B of £12.75 million ($15.4 million).

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    Latest Study on Cybersecurity Risk Ranks the 10 Worst U.S. States for Data Breaches in 2022

    2023-02-22

    Cision: Network Assured shared the results of a recent data study on cybersecurity, that looked at which U.S. states had suffered the most data breaches in 2022. The study looked at data breaches from all industries, to rank the states where businesses faced the highest risk of cyberattack to the lowest. 

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    Venture Capital Financing of Cyber Companies Slid to $18.5 Billion in 2022

    2023-02-22

    The Record: Venture capital investments in cybersecurity firms showed a significant dip in the second half of 2022, according to data collected by financial research firm Momentum Cyber.

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    Even Hackers Are Reportedly Getting Laid Off By Organized Crime Groups

    2023-02-21

    Yahoo Finance: As US Department of Justice investigators and companies beef up their oversight of cybersecurity threats, the impact of ransomware attacks — hackers demand ransom payments from targets — has been blunted, according to a Wall Street Journal report.

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    AT&T Seeks to Shed Cybersecurity Division, Sources Tell Reuters

    2023-02-21

    CNBC: AT&T Inc the second-biggest U.S. wireless carrier, is exploring a sale of its cybersecurity division, potentially undoing an acquisition it completed five years ago, according to people familiar with the matter.

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    Frustrated Traders Missing Key Piece of Market Jigsaw Puzzle After London Firm Hacked

    2023-02-21

    BNN Bloomberg: These and similar expressions have been used to describe the near month-long blackout on key global investor positioning reports that cover bets on everything from Treasuries to soybean futures — the casualty of a ransomware attack on financial firm ION Trading UK. 

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    Darktrace Hires EY to Review Finances After Short-seller Attack

    2023-02-20

    The Guardian: Darktrace has hired EY to conduct an independent review of its finances as it tries to defend itself against a hedge fund that alleges questionable marketing, sales and accounting practices at the cybersecurity company.

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