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Help Net Security: An overwhelming 90% of security leaders are concerned about group legal settlements following a serious data breach, compared to 85% who are worried about regulatory fines, Egress reveals.
Forbes: Fraud is not a new problem. Some historians trace it back to 300 B.C., when a Greek merchant named Hegestratos took out an insurance policy on his boat full of corn with the intent to sink it and collect the insurance money.
ZDNet: Web applications represented 39% of all data breaches in the last year with phishing attacks jumping 11% and ransomware up 6% from a year ago, according to the Verizon Business Data Breach Investigations Report.
Yahoo Finance: A new report estimates nearly two-thirds of businesses globally, including 63 per cent in Canada, have seen an increase in targeted cyberattacks since they switched to widespread remote work.
Institutional Asset Manager: At the same time, the behaviour and culture of financial institutions is under growing scrutiny from a wide range of stakeholders in areas such as sustainability, employment practices, diversity and inclusion and executive pay.
DarkReading: In the aftermath of a data breach, ransomware attack, or vulnerability disclosure, organizations may think about how the news will cause their stock price to dip. New research indicates that although security incidents do affect stock price, the size of this impact largely depends on the circumstances — and rarely lasts.
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.
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.
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.
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.
