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Businesswire: The COVID-19 pandemic has presented a once-in-a-lifetime opportunity for hackers and online scammers, and cybersecurity professionals saw a 63 percent increase in cyber-attacks related to the pandemic, according to a survey released by the Information Systems Security Association (ISSA) and independent industry analyst firm Enterprise Strategy Group (ESG). As the global impact of COVID-19 manifested itself in the middle of March, ESG and ISSA conducted an in-depth survey in April 2020 as a point in time assessment of challenges posed by the pandemic.
Kaspersky: Incident analysis by Kaspersky of two cases in Europe and Asia has uncovered that VHD ransomware – first discussed in public in spring 2020 – is owned and operated by Lazarus, a prominent APT group. The move by Lazarus to create and distribute ransomware signifies a change of strategy and indicates a willingness to engage in big game hunting in pursuit of financial gain, which is highly unusual among state-sponsored APT groups.
Tech Crunch: In the heels Hippo’s funding round and our exploration of how the private markets appear to be more conservative than public investors at the moment, we’re asking a new question: are a bunch of insurtech startups undervalued?
McKinsey: Few corporate functions shifted priorities so much and so quickly when the COVID-19 crisis struck as corporate cybersecurity operations and the technology providers that support them did. As legions of employees suddenly found themselves in a work-from-home model, chief information-security officers (CISOs) adjusted, pivoting from working on routine tasks and toward long-term goals to establishing secure connections for newly minted remote workforces.
CBC: The Communications Security Establishment (CSE), responsible for Canada's foreign signals intelligence, said APT29 — also known as Cozy Bear and the Dukes — is behind the malicious activity.
Cision: More than half of financial services companies plan to accelerate implementation of their next generation technology strategies, according to a new global survey of 500 financial services C-Suite executives and their direct reports released today by Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader.
ITProPortal: The company that sells services related to data management claims to have polled 1,000 workers, coming to the conclusion that more than a third (37 per cent) expect both the number and value of fines to rise by 2025. Furthermore, six per cent expect a “dramatic rise”, while just three per cent expect the figures to fall.
ZDNet: Security researchers have revealed the anatomy of a ransomware attack, showing how cyber criminals gained access to a network and deployed ransomware -- all in the space of just two weeks.
ZDNet: IBM released the results of a global survey, conducted by the Ponemon Institute and featuring responses from over 3,400 security and IT staff worldwide. The research suggests that while investment and planning are on the uptake, effectiveness is not on the same incline, with response efforts hindered by complexity caused by fragmented toolsets.
Coin Telegraph: Fraudulent websites successfully have stolen the personal records of a number of individuals from the United Kingdom, Australia, South Africa, the United States, Singapore, Malaysia, Spain and more. The attack was executed as a targeted multistage Bitcoin (BTC) scam propagated by a number of fraudulent websites.
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