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Industry News: ESG5

    Finra Reports Rising Risks From AI, Cybersecurity, Investment Fraud

    2025-01-30

    Investment News: The constantly evolving landscape of third-party risks that are seen by Finra staff have been highlighted in its 2025 Regulatory Oversight Report.

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    DeepSeek Hit With Large-Scale Cyberattack, Says it’s Limiting Registrations

    2025-01-27

    CNBC: DeepSeek said it would temporarily limit user registrations “due to large-scale malicious attacks” on its services, though existing users will be able to log in as usual.

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    Trump Fires Cyber Safety Board Investigating Salt Typhoon Hackers

    2025-01-21

    Dark Reading: In its first full day, the Trump administration axed all advisory committee members within the Department of Homeland Security, including the people that make up the Cybersecurity and Infrastructure Security Agency's (CISA) Cyber Safety Review Board (CSRB).

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    Cognizant and CrowdStrike Partner to Drive Enterprise Cybersecurity Transformation

    2025-01-21

    Yahoo Finance: Cognizant and CrowdStrike announced a strategic partnership to drive enterprise security transformation by delivering cybersecurity services, powered by the AI-native CrowdStrike Falcon® cybersecurity platform.

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    President Trump Repeals Biden’s AI Executive Order

    2025-01-20

    TechCrunch: During his first day in office, President Donald Trump revoked a 2023 executive order signed by former President Joe Biden that sought to reduce the potential risks AI poses to consumers, workers, and national security.

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    Biden Administration Launches Cybersecurity Executive Order

    2025-01-16

    CNBC: The Biden administration announced an executive order on cybersecurity that imposes new standards for companies selling to the U.S. government and calls for greater disclosure from software providers.

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    What The Response To SEC Cybersecurity Oversight Says About The Need For A New Security Paradigm

    2025-01-15

    Forbes: The Securities and Exchange Commission (SEC) implemented new rules governing the reporting of material data breaches in order to keep investors better informed about the cybersecurity risks public companies face. 

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    CISA Unveils ‘Secure by Demand’ Guidelines to Bolster OT Security

    2025-01-15

    CSO Online: The US Cybersecurity and Infrastructure Security Agency (CISA), along with its international cybersecurity allies, has unveiled the "Secure by Demand" guidelines to safeguard operational technology (OT) environments. 

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    Ashford Inc. to Settle Negligence-Based Charges for Misleading Investors Regarding a Cyber Incident

    2025-01-13

    U.S. Securities and Exchange Commission (SEC): The Securities and Exchange Commission filed settled charges against Ashford Inc. for materially false and misleading disclosures to investors regarding a cyber incident.

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    Know Your Breach: PowerSchool

    The Target: PowerSchool is a cloud-based software solutions provider for K-12 schools and districts that supports over 60 million students and over 18,000 customers worldwide. The company offers a full range of services to help school districts operate, including platforms for enrollment, communication, attendance, staff management, learning systems, analytics, and finance.

    The Take: PowerSchool has confirmed that the stolen data primarily contains contact details such as names and addresses. However, for some districts, it could also include Social Security numbers, personally identifiable information, medical information, and grades.

    The Vector: After investigating the incident, it was determined that the threat actor gained access to the portal using compromised credentials and stole data using an "export data manager" customer support tool. Using this tool, the attacker exported the PowerSchool SIS 'Students' and 'Teachers' database tables to a CSV file, which was then stolen.

    This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

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