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The Washington Post: Chinese hackers have used fake documents about the coronavirus to deliver malicious software and steal sensitive user information, according to a report Thursday from researchers documenting a growing wave of cybercrime exploiting fears about the global pandemic.
ETF Trends: Cybersecurity breaches over the years have certainly put the need for preventative measures at the forefront, and that can only intensify as the financial technology (fintech) space continues to advance. For investors looking to park their capital at the current low prices amid the coronavirus outbreak, cybersecurity and fintech ETFs is one area to watch.
The Next Web: There are a few things we just won’t stand for in 2020 – but first on the list is the phrase, “employees are the weakest link in cyber security.” It’s a saying that people really should have ditched in 2019.
Bob's Guide: According to James Kemp, managing director, Association for Financial Markets in Europe (AFME), there is uncertainty over how to regulate concentration risk in a way that does not stifle innovation or eradicate smaller third-party suppliers.
Cryptopolitan: As per the report, hackers have stolen at least 9.8 billion dollars in crypto from investors and holders. KPMG, one of the big four accounting firms, stated that it was essential for the crypto industry to improve security before it can truly grow.
The Wall Street Journal: Email scams—often riddled with typos and written by non-native English speakers in Africa—were once crude attempts to steal money from inexperienced computer users. No more.
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City Wire: In a commentary piece, de Blonay, who runs the Jupiter JGF Financial Innovation fund, said the cyber security software market is estimated by industry experts to grow 8.6% per year to around $82bn by 2024.
ZDNet: Hacking is growing, but in some cases, that's no bad thing. That's the main take-away from the annual report on the state of ethical hacking published by bug bounty platform HackerOne. As of 2020, the organization can boast a base of 600,000 white hat hackers; a community twice as big as the previous year, which altogether cashed in a record $40 million in bounties in the past 12 months.
Reuters: Britain and the United States joined Georgia on Thursday in blaming Russia for a large-scale cyber attack last year that knocked thousands of Georgian websites offline and disrupted national television broadcasts.
Plan Adviser: Retirement plan advisers not only have rigorous cybersecurity responsibilities of their own—they also need to proactively help their plan sponsor clients establish airtight cybersecurity firewalls and procedures, industry experts say.
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