Cybersecurity

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In Spring 2020 as the COVID-19 pandemic was starting to spread across the globe, a survey of approximately 250 U.S. consumers commissioned by Awake Security found that the two threats from the DHS list that worry Americans most are cyberattacks on core infrastructure (electric, water, transportation etc.) and cyberattacks on corporations. Diving deeper into the results surfaces something that is contrary to the popular narrative: consumers take responsibility for their personal cybersecurity and even help out those around them. They hold the government and enterprises ultimately accountable, but also understand the role each individual has to play.

To enhance security following an increase in use of video conferencing apps, Zoom introduced two-factor authentication (2FA) for all users on its client and mobile apps. 

Recently, schools throughout the U.S. have endured delays in reopening after experiencing massive ransomware attacks that force the shutdown of critical information technology systems.

Recently, two teens and a young adult infiltrated one of Silicon Valley’s biggest companies in a high-profile hack – and the biggest ever for Twitter. Authorities say the 17-year-old “mastermind” used social engineering tactics to convince a Twitter employee that he also worked in the IT department and gained access to Twitter’s Customer Service Portal. The 130-account takeover proved unique, as it was fundamentally a dramatic manipulation of trust and could have had far more world-changing consequences if the attackers had the aspirations of say, a dangerous fringe group versus that of a teenager. There are a few takeaways to learn here, especially when it comes to considering redefining what we classify as “critical infrastructure” and what must be protected at all costs.

Last week, Didier Reynders, European Commissioner for Justice, and Dr. Andrea Jelinek, Chair of the European Data Protection Board (EDPB), appeared at a hearing conducted by the European Parliament’s Committee on Civil Liberties, Justice and Home Affairs, and updated committee members on their work since the Schrems II decision. In his remarks, Mr. Reynders identified three main areas on which the Commission is focusing.

Coalition announced the results of its H1 2020 Cyber Insurance Claims Report, which explores top cybersecurity trends and threats facing organizations today, in addition to data showing the impact of COVID-19 on cyber insurance claims.

Digital Shadows released new research into a group of cybercriminals who are essential to the profitability of ransomware, but who are also often overlooked: initial access brokers. Initial access brokers gain remote access to vulnerable organizations, which an end-purchaser of ransomware or RaaS can then leverage to wreak havoc.