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Industry News: ESG5

Know Your Breach: St. Louis County School Board

The target: The Independent School District of 2142 of St. Louis County Schools

The take: W-2 tax forms of 677 district employees with personally identifiable information including: Social Security Number, first and last name, home address, wages, and more.

The attack vector: A spoofed email requesting the forms came from an attacker pretending to be the district Superintendent. Believing the request to be legitimate, the forms were sent to the fraudulent email address provided in the request.

This breach highlights the importance of employee cybersecurity training and a posture of constant vigilance. Scammers rely upon people’s natural inclination to be helpful and prompt, and it’s critical to ensure that employees who handle sensitive information receive tailored training, emphasizing the caution and care they must employ in responding to unusual requests for data.

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France to Boost Cyberdefense After Hospital Malware Attacks

2021-02-18

Yahoo Finance: French President Emmanuel Macron on Thursday unveiled a plan to better arm public facilities and private companies against cybercriminals following ransomware attacks at two hospitals this month and an upsurge of similar cyber assaults in France.

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UK’s Cybersecurity Sector Experiences Record Growth

2021-02-18

Info Security: The latest DCMS Annual Cyber Sector Report revealed there was a record £821m of investment raised by companies in this field across 73 deals in 2020, more than doubling the amount recorded in 2019.

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Cybersecurity Needs to Be Proactive with Involvement from Business Leaders

2021-02-18

Tech Republic: Effective CISOs and other leaders are those who plan for today but with an eye on tomorrow, and always put people first, according to Christopher Krebs, former director of the Department of Homeland Security's cybersecurity and infrastructure agency.

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U.S. Charges Three North Koreans in $1.3 Billion Hacking Spree

2021-02-17

Reuters: The United States has charged three North Korean computer programmers with a massive hacking spree aimed at stealing more than $1.3 billion in money and cryptocurrency, affecting companies from banks to Hollywood movie studios, the Department of Justice said.

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White House Says Solarwinds Probe Could Take ‘Months’

2021-02-17

The Mercury News: The US government’s probe into the devastating SolarWinds breach is likely to take “several months” at least, according to the top White House cybersecurity official, speaking to reporters Wednesday in the Biden administration’s first public assessment of the gravity of the suspected Russian spying campaign.

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This Cybersecurity Threat Costs Business Millions. And It's the One They Often Forget About

2021-02-16

ZDNet: While ransomware is the cyberattack most feared by businesses, another form of cybercrime is slipping under the radar, one that is proving highly lucrative for internet fraudsters – and costly to business.

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100+ Financial Services Firms Targeted in Ransom DDoS Attacks in 2020

2021-02-15

Dark Reading: More than 100 financial services firms across multiple countries were targeted in a wave of ransom distributed denial-of-service (DDoS) attacks conducted by the same threat actor in 2020.

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Know Your Breach: Accellion

The target: Accellion, a U.S based cloud service vendor providing secure file transfer applications for enterprise use. 

The take: A variety of datasets including personally identifying information and proprietary data for an estimated 300 clients, including The Australian Securities and Investments Commission, The Reserve Bank of New Zealand, Harvard Business School, Singtel (a Singapore-based telcom conglomerate), and the QIMR Berghofer Medical Research Institute.

The attack vector: Hackers breached the firm’s legacy File Transfer Application software by taking advantage of a zero-day vulnerability in a legacy software product a point of weakness identified and exploited by a threat actor before the developer was made aware of it and was able to produce a patch.

This supply-chain attack against a platform which was near retirement highlights the danger of relying on end-of-life, legacy software products. Firms should be proactive in moving to current-generation software solutions - Accellion have reportedly “encouraged all FTA customers to migrate to Kiteworks [their current generation offering] for the last three years”.

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Cyber Security Levels Not Consistent Among UK Pension Schemes

2021-02-11

Professional Pensions: The levels of cyber security are not consistent among UK pension schemes, according to research by Aon. The firm's Cyber Threats to Corporate Pension Schemes survey revealed a mixed state of cyber security, finding three in five schemes have a cyber strategy.

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