Security & Business Resilience

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Lookout's newest Pharmaceutical Industry Threat Report shows attackers have turned to spear phishing campaigns to steal employees’ login data or deliver malicious payloads to their mobile devices to compromise the infrastructure of pharma companies. 

Security Orchestration, Automation and Response (SOAR) solutions came on the market around six years ago. The two main objectives of these tools were to orchestrate 3rd party tools for filtering false positive alerts out of the network, and to automatically block attacks. SOAR came on the scene with bold statements to fill in some of the gaps that existed in Security Information and Event Management (SIEM) platforms, which have been making security analysts miserable for twenty years now.

Generally, the chief information security officer (CISO) is thought of as the top executive responsible for information security within organizations. However, in today’s remote work environment, the need to expand security beyond one department or the responsibilities of CISOs is more important than ever. Due to the pandemic, the physical barriers of the office have been removed and the threat surface has exponentially expanded leaving more endpoints to be attacked. In this scenario, each employee’s home office has become a new potential risk, which is why building a strong security culture within organizations should be a priority.

As increasingly sophisticated cyberattacks continue to target healthcare’s essential systems - including networks, IoT medical instruments, and mobile devices - the need for advanced security protections continues to grow. Healthcare leaders are beginning to embrace the truth: cybersecurity is now an indispensable part of patient care. Yet even as this move toward secure connected technologies expands, a favorite target of malicious actors continues to be the healthcare organization’s website - especially if the site is powered by WordPress.

City of Saint John in New Brunswick, Canada is hit by significant cyberattack, causing it to shut down several IT systems.

ESET researchers recently discovered attempts to deploy Lazarus malware via a supply-chain attack (on less secure parts of the supply network) in South Korea. In order to deliver its malware, the attackers used an unusual supply-chain mechanism, abusing legitimate South Korean security software and digital certificates stolen from two different companies. The attack was made easier for Lazarus since South Korean internet users are often asked to install additional security software when visiting government or internet banking websites.

Digital Shadows has identified a post on the English-speaking cybercriminal forum, RaidForums, alleging to possess a complete 2020 Wisconsin voter database. The author of the post provided a free download link to a database containing statewide voter and absentee data acquired from the "Badger Voters" site, a website established by the State of Wisconsin Elections Commission.

How is the current COVID-19 pandemic affecting fraud levels, and what can firms do to protect their employees and customers? Below, we talk to Omri Kletter, VP, Cyber Crime and Fraud Management at Bottomline, about best practices for managing risk and cyber threats in the payments process more broadly. 

Budget bandwidth is often a strong contention point for businesses. And even with the increase in cybercrime threats, some firms still struggle to allocate proper budget allowances to meet security and regulatory requirements. According to a recent report by Accenture, organizations face on average 22 legitimate security breaches each year and the average cost of a single cyberattack is $380,000.