Articles Tagged with ''risk management''

ATM bank security

How layered security can help prevent $150,000 losses from ATM attacks

Owing to the increasing frequency, diversity and sophistication of ATM attacks, banks must rethink and modernize security in order to better circumvent ATM crime and protect their bottom line
matt tengwall
Matt Tengwall
February 23, 2021
Unfortunately, the unquestionable convenience and accessibility of ATMs is also the source of their greatest downfall. Being both unguarded and money-loaded, they are an obvious target for criminal activities and low-risk, high-reward theft opportunities for perpetrators. It is for this reason that 2020 experienced a drastic uptick in the number of ATM heists across the United States.
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data breach

Organizations are at growing risk from Initial Access Brokers

February 23, 2021
Digital Shadows highlighted the growing role of Initial Access Brokers within the criminal ecosystem within its Initial Access Brokers Report. Rather than infiltrating an organization deeply, this type of threat actor operates as a ‘middleman’ by breaching as many companies as possible and goes on to sell access to the highest bidder – often to ransomware groups.
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2020_AllisonMiller_headshot

Reddit appoints Allison Miller as CISO and VP of Trust

February 23, 2021

Reddit has named Allison Miller as Chief Information Security Officer (CISO) and VP of Trust. An industry expert and innovator, Miller will oversee the Safety and Security teams at Reddit where she’ll be responsible for expanding trust & safety operations and data security, as well as evolving programs to mitigate security challenges and risks. Miller will also redesign Reddit’s trust frameworks and transparency efforts to enable further growth across the platform. 


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us-capitol

Family affiliated extremism and the siege at the U.S. Capitol

Dean C. Alexander
February 22, 2021

Some 200 individuals have been charged with federal offenses connected to the siege at the U.S. Capitol on January 6, 2021. Among them are at least 15 examples of family affiliated extremism. These instances include: five sets of husbands and wives; two cases of fathers and sons, mothers and sons, brothers, and cousins; and an instance of father/daughter and brother/sister participation. Although of a different strain and less serious offenses—none specifically terrorism nor involving murder —such kin-connected radicalism is neither a new phenomenon nor one unique to the United States or elsewhere. 


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cyber hack

Sequoia Capital is hacked due to phishing scam

February 22, 2021
Sequoia Capital, one of the largest and most successful venture capital firms in the world, has told its investors that some of their personal and financial information may have been accessed by a third party, after a Sequoia employee's email was successfully phished, according to an Axios report. 
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cyber

Security researchers discover VMware bug that could allow remote command execution

February 22, 2021
Positive Technologies expert Egor Dimitrenko discovered a high-severity vulnerability in the VMware vSphere Replication data replication tool. This solution allows organizations to create backups of virtual machines and run them if the main virtual machine reports a failure. The bug could have allowed attackers with access to the VMware vSphere Replication administration web interface to execute arbitrary code on the server with maximum privileges and start lateral movement on the network to seize control of the corporate infrastructure.
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Malware

Exponential increase in malware and exploit activities

February 22, 2021
Nuspire  announced the release of its 2020 Q4 and Year in Review Threat Landscape Report. Sourced from its 90 billion traffic logs, the report outlines new cybercriminal activity and tactics, techniques and procedures (TTPs) with additional insight from its threat intelligence partner, Recorded Future.
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cloud

New report reveals evolving risks and insecure defaults in the cloud

February 22, 2021
Accurics unveiled its latest research, “Accurics Cloud Cyber Resilience Report,” which highlights security risks identified in cloud native environments. The findings reveal an increased adoption of managed infrastructure services and the emergence of new cloud watering hole attacks. Of all violations identified, 23% correspond to poorly configured managed service offerings – largely the result of default security profiles or configurations that offer excessive permissions.
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computer

Reshaping cybersecurity in the Remote Work Era

John Ayers
February 22, 2021

2020 and COVID-19 taught us a few things in the security industry: the importance of security awareness, speed of deployment is not always a good thing, and assuming new levels of risk such as “remote work force”. With so many challenges still on the horizon, here are some of the key topics to have on top of mind:


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