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Industry News: ESG5

    Australia Witnessed 16 Major Cyber-attacks As Hackers Attempt to Steal ‘Sensitive Data’

    2022-12-08

    Express: Australia had 16 major cyber-attacks against Australian organisations, which were trying to be “cyber extortion attacks”, claimed CyberCX Cyber Intelligence Director Katherine Mansted. Recently, millions of Australians had their privacy breached in cyber attacks on Optus, Medibank and other companies.

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    Recession Hits Cybersecurity Companies Hard As Layoffs Mount

    2022-12-08

    CTech: The cybersecurity industry is not immune. This message has been internalized over the past week in the technology sector. It started with U.S. company CrowdStrike, which is considered one of the biggest players in the market. The company revealed good results in its financial reports for the third quarter, but the CEO admitted that customers are cutting expenses and postponing purchases.

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    Automated Dark Web Markets Sell Corporate Email Accounts for $2

    2022-12-08

    Bleeping Computer: Cybercrime marketplaces are increasingly selling stolen corporate email addresses for as low as $2 to fill a growing demand by hackers who use them for business email compromise and phishing attacks or initial access to networks.

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    Mega-investment in Cyber Defense Could Boost Cybersecurity ETFs

    2022-12-07

    Wealth Professional: Data proliferation is reaching new heights as a result of new digital infrastructure and long-term work-from-home arrangements, while cyberattacks are also increasing in intensity. And as corporations and governments attempt to remain ahead of the curve, cybersecurity firms are taking centre stage.

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    Canada's Biggest Real Estate Companies Grapple with Cybersecurity Gaps: KPMG

    2022-12-06

    Cision: Despite the fact that most Canadian real estate companies now build smart tech into their buildings to monitor, manage, and maintain many functions, such as heating, lighting, elevators, power meters and fire alarm systems, very few have invested to ensure these systems can't be hacked, finds new research from KPMG in Canada.

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    Cybersecurity Spending ‘Difficult to Cut’ Despite Recession Risks: CrowdStrike CEO

    2022-12-05

    Yahoo Finance: CrowdStrike Co-Founder and CEO George Kurtz joins Yahoo Finance Live to discuss the company's latest quarterly results, the outlook for cybersecurity spending, and expectations for cyberattacks in 2023.

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    Why Modernizing Cybersecurity Boosts SaaS Companies’ Bottom Line

    2022-12-05

    Forbes: Cybersecurity is important for SaaS companies, both to comply with industry standards and to protect their businesses. Companies that still use legacy systems to host a product, application or service on their premises run additional risks, which include cyber breaches, loss of confidential data and intellectual property, and potential damage to customer relationships caused by noncompliance.

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    Know Your Breach: ENC Security

    The Target: ENC Security, Netherlands based data-encryption firm.

    The Take: Exposure of security keys for various firm applications and software including: SMTP credentials for sales channels, Ayden, the firm’s single payment platform, email marketing Mailchimp APIs, licensing payment APIs, and public and private keys.

     The Vector: A misconfigured data server was left open and unsecured, meaning anyone with an internet connection could have viewed and downloaded the data.

    This breach is critical reminder that authentication controls are an important piece in an overall robust cybersecurity posture and furthermore, that such precautions must in place in all third-party vendors that have access to a firm’s data. Multi-factor authentication and password length and complexity rules are effective strategies to mitigate these kinds of breaches to protect a firm’s data.

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    Nine Tips to Strengthen Defenses Against Specialized Cybercrime

    2022-12-02

    Forbes: The cyber threat landscape has grown increasingly specialized and more challenging for organizations to defend against on their own.

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    Password App LastPass Hit by Cybersecurity Breach but Says Data Remains Safe

    2022-12-01

    The Guardian: Password manager LastPass has told customers that some of their information has been accessed in a cybersecurity breach, but says passwords remain safe.

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