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:
As the cybersecurity community slowly recovers from the SolarWinds Orion breach, we speak to Michael Bahar, a leader in cybersecurity and privacy, about the aftermath of this attack. Bahar is a partner in the Washington D.C. office of Eversheds Sutherland (U.S.) LLP, and the firm’s Litigation practice. He was Deputy Legal Advisor to the National Security Council at the White House, former Minority Staff Director and General Counsel for the U.S. House Intelligence Committee, and a former Active Duty Navy JAG.
Microsoft announced they had closed their internal investigation of the SolarWinds attack. The Microsoft Security Research Center (MSRC), which has shared learnings and guidance throughout the Solorigate incident, confirmed that following the completion of their internal investigation, Microsoft has seen no evidence that Microsoft systems were used to attack others. There was also no evidence of access to Microsoft production services or customer data.
Laura Juanes Micas is joining Constella Intelligence as Chief Privacy and Compliance Officer to oversee the creation and development of the company's Privacy and Compliance program.
WhiteHat Security, provider of application security, released AppSec Stats Flash Volume 2. Research indicated at least 50% of applications in industries such as manufacturing, public services, healthcare, retail, education and utilities, are vulnerable throughout the year due to one or more serious exploitable vulnerabilities.
ANSSI, the French cybersecurity agency, has reported an intrusion campaign targeting the monitoring software Centreon distributed by the French company CENTREON which resulted in the breach of several French entities. The first victim seems to have been compromised from late 2017. The campaign lasted until 2020.
Kia Motors America has allegedly suffered a ransomware attack by the DoppelPaymer gang. The gang is demanding $20 million for a decryptor and not to leak stolen data, according to news reports.
If the experiences of 2020 taught us anything, it’s that risk in the modern world cannot be understood or sufficiently mitigated with a siloed approach. Individual threats, such as regulatory risk and IT security, converge. Lacking a high-level view, it’s difficult to see the web of cause and effect – making it more difficult to anticipate, prepare, or mitigate the biggest risks. 2020 may be over, but the challenges remain in 2021. Compliance and risk management will need a shared umbrella of information and communication to tackle the complex, integrated risks of today’s landscape.
The acceleration of digitization initiatives was paramount to ensure business continuity during this global crisis. As we rebuild economic stability in 2021, technology – especially automation and security – will play a significant role in positioning enterprises to return to growth.
A federal indictment charged three North Korean computer programmers with participating in a wide-ranging criminal conspiracy to conduct a series of destructive cyberattacks, to steal and extort more than $1.3 billion of money and cryptocurrency from financial institutions and companies, to create and deploy multiple malicious cryptocurrency applications, and to develop and fraudulently market a blockchain platform.
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