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Financial News: The Covid-19 crisis has been a major headache for the asset management sector — most investment houses have bled heavy outflows and seen revenues plunge as investors wait out the turmoil.
Coindesk: Unscrupulous hackers are socially engineering their way into financial systems and financial accounts. Well intentioned efforts to promote public safety are fostering prospective abrogation of personal data privacy. At the same time, there are new areas of business opportunity for distributed ledger companies emerging from the crisis.
Security Magazine: LastPass by LogMeIn released findings of its third Psychology of Passwords global report, revealing that people aren’t protecting themselves from cybersecurity risks even though they know they should. Year after year there is heightened global awareness of hacking and data breaches, yet consumer password behaviors remain largely unchanged, says the report.
Dark Reading: Women are better at cybersecurity and protecting themselves online, new research by NordPass suggests. The survey revealed that women are more concerned about the potential harm of their personal online accounts being hacked. They also tend to use unique passwords more often than men.
ZDNet: A cybercrime group operating since mid-2019 has breached the email accounts of high-ranking executives at more than 150 companies, cyber-security firm Group-IB reported today.
ZDNet: The coronavirus pandemic has brought big changes to the cybersecurity industry, with the vast majority of security professionals now working from home – and almost half being reassigned to general IT support as organisations adapt to the challenges of remote working.
DARKReading: The global shift to remote work has caused a level of network disruption in 86% of companies, a new study shows. Of the organizations surveyed, 41% said they experienced moderate disruptions to network security practices, 23% saw major disruptions, and 22% said disruptions were minimal.
The Asset ESG Forum: Ongoing worldwide lockdown measures have made working from home the norm, thus increasing the chances of being exposed to cyber-attacks and practices such as phishing - fraudulent messages that resemble e-mails from trusted sources.
Reuters: Zoom video conferencing app’s user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications.
ETFExpress: The virus has debilitated regions, and decimated sectors with an unparalleled level of speed and ferocity. Its impact on companies and business models has been indiscriminate, hurting particularly those companies with weaker or under-developed digital underpinnings. Stronger players have had to shock themselves into emergency measures designed to prevent discontinuity. Companies have had to learn how to operate remotely, and virtually. And billions of people are now working from home and adjusting to virtual workplaces thanks to teleconferencing services like Zoom and Microsoft Teams.
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