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Industry News: ESG5

    Financial Institutions Have Become High-Value Targets for Cybercriminals

    2021-04-14

    Barron's: Over the past year, lockdowns complicated traditional crime groups’ ability to conduct conspiracies. As a result, many migrated to the dark web, a digital underground where cybercriminals can remain anonymous. This trend popularized a shadow industry of services that allow criminals to continue to partake in activities like extortion and money laundering. 

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    Why Do Phishing Attacks Work? Blame the Humans, Not the Technology

    2021-04-08

    ZDNet: Phishing attacks remain a huge problem and crooks are spending a lot of time and effort to ensure that, for the potential victim, clicking on a bad link is the most intuitive and easiest thing to do.

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    Facebook Does Not Plan to Notify Half-billion Users Affected by Data Leak

    2021-04-07

    Reuters: Facebook Inc did not notify the more than 530 million users whose details were obtained through the misuse of a feature before 2019 and recently made public in a database, and does not currently have plans to do so, a company spokesman said.

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    Data Breach Disclosures Drop in 2020

    2021-04-07

    Compliance Week: The report, “Trends in Cybersecurity Breach Disclosures,” was released and analyzes public company disclosures of cyber-breaches since 2011. According to the report, the 117 breaches that were disclosed in 2020 represents a 19 percent drop from 2019 (144). Still, it is the third highest figure in a single year, behind 2019 and 2018 (130). The number had gone up each year since a dip to 50 in 2015.

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    LinkedIn Phishing Ramps Up With More-Targeted Attacks

    2021-04-05

    Dark Reading: Phishing attacks are targeting out-of-work users on LinkedIn, creating lures using job titles scraped from the targeted workers' profiles in an attempt to convince them to open and execute different malicious files or links, according to a new analysis from cybersecurity firm eSentire.

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    83% of Businesses Hit With a Firmware Attack in Past Two Years

    2021-03-31

    Dark Reading: Firmware attacks targeting enterprises are up over the past two years. However, most victims are too preoccupied with patches and upgrades to invest resources into preventing them. 

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    Data Breaches Are A Frequent Occurrence for the Pensions Industry, Says Sackers Webinar

    2021-03-30

    Institutional Asset Manager: The survey showed that just over a third of those responding to the survey have suffered a breach in the last twelve months, with almost half of such breaches reported to the Information Commissioners Office.  

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    Trust No One Becomes Mantra After Massive Cyber-Attacks

    2021-03-25

    Yahoo Finance: Researcher John Kindervag published a paper about a decade ago that argued administrators of sensitive computer networks shouldn’t trust anyone on their networks, regardless of their title.

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    Three Billion Phishing Emails Are Sent Every Day. But One Change Could Make Life Much Harder for Scammers

    2021-03-23

    ZDNet: Cyber criminals are sending over three billion emails a day as part of phishing attacks designed to look like they come from trusted senders.

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    ‘New Normal’ Requires New Security Measures

    2021-03-17

    IT Web: It goes without saying that the COVID-19 pandemic has been the driver of a massive increase in remote working. This can, in many ways, be viewed as a win-win situation for companies and staff. After all, employees save commuting time while enjoying added flexibility and greater productivity. Meanwhile, organisations reduce both costs and turnover rates.

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