How Will SEC Rules Affect Reporting, Tracking of Incidents?

Anna Delaney • September 25, 2023

Under new U.S. Securities and Exchange Commission rules, companies must disclose material cybersecurity incidents and annually report on cybersecurity risk management, strategy and governance. Alex Hamerstone, advisory solutions director at TrustedSec, discussed the challenges ahead.

Fraud Management & Cybercrime

Lessons to Learn From Clop's MOVEit Supply Chain Attacks

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Artificial Intelligence & Machine Learning

Polish Privacy Regulator Probes OpenAI's ChatGPT

Akshaya Asokan • September 25, 2023

The Polish data regulator launched a probe into OpenAI's ChatGPT for potential privacy violations of the European General Data Protection Regulation. The Polish regulator is the third European data protection agency to raise privacy concerns related to ChatGPT.

Cybercrime

Bermuda Struggles to Recover From Cyberattack

Mihir Bagwe • September 25, 2023

Bermuda government workers Monday remained cut off from email and normal telephone systems following a hacking incident disclosed late last week. Bermuda Premier David Burt on Thursday attributed the hack to "Russia-based actors," without elaborating.

Open XDR

How to Overcome Practitioner Concerns Over Cisco-Splunk Deal

Michael Novinson • September 25, 2023

Security practitioners are skeptical of Cisco's proposed $28 billion Splunk purchase given the networking giant's track record around funding and investing in previous acquisition targets. Forrester's Allie Mellen expects some customers to try out other SIEM tools given Cisco's heritage in hardware.

Cybercrime

Data Breach Toll Tied to Clop Group's MOVEit Attacks Surges

Mathew J. Schwartz • September 25, 2023

The count of organizations affected by the Clop ransomware group's most recent mass targeting of Progress Software's secure file transfer software doubled last week. National Student Clearinghouse warned that data tied to nearly 900 colleges and universities had been stolen from its MOVEit server.

Endpoint Security

Apple Fixes Bugs That Infected Egyptian Politician's iPhone

Mihir Bagwe • September 22, 2023

Apple released patches Thursday to close three actively exploited vulnerabilities that researchers say commercial spyware maker Cytrox used to infect the iPhone of Egyptian politician Ahmed Eltantawy with Predator malware. The Citizen Lab attributes the attacks to the Egyptian government.

Cloud Access Security Brokers (CASB)

Cato Networks Raises $238M on $3B Valuation to Move Upmarket

Michael Novinson • September 22, 2023

A late-stage SASE startup led by a serial entrepreneur hauled in a massive equity investment to address the feature and capability needs of large enterprises. The $238 million in funding will allow Cato Networks to more tightly align CASB and DLP with SASE to safeguard cloud apps and sensitive data.

Leadership & Executive Communication

Google CISO Phil Venables on Building Strong CIO-CISO Bonds

Michael Novinson • September 22, 2023

Increased engagement from boards on digital transformation initiatives around cloud and AI adoption has spurred greater investment in cybersecurity, said Google Cloud CISO Phil Venables. Systems built and designed decades ago have become increasingly difficult to secure, he said.

Cybercrime

Nation-State Actors Unleash Stealthy, LuaJIT-Based Malware

Jayant Chakravarti • September 22, 2023

SentinelOne observed suspected cyberespionage actors of unknown origin using modular backdoors and highly stealthy tactics in August to target telecommunication companies in the Middle East, Western Europe and South Asia. The group, tracked as Sandman, is using the novel backdoor LuaJIT.

General Data Protection Regulation (GDPR)

UK Approves Commercial Data Transfer Deal With US

Akshaya Asokan • September 22, 2023

The British government on Thursday signed onto a European deal easing trans-Atlantic commercial data flows with the United States, telling Parliament that the United Kingdom will accede to a Brussels-led agreement that allows American firms such as Facebook and Google to store Europeans' data.

Fraud Management & Cybercrime

Feds Warn About Snatch Ransomware

Prajeet Nair • September 21, 2023

The Snatch ransomware group is targeting a wide range of critical infrastructure sectors, including the defense industrial base, food and agriculture, and information technology sectors, according to a new alert issued by U.S. authorities. The group operates on a ransomware-as-a-service model.

Cybercrime

Dutch Police Warns Users of Credentials Leak Site

Akshaya Asokan • September 21, 2023

Hundreds of Dutch patrons of a now-defunct credential marketplace received warnings from national police in an attempt to prevent potential crimes using illicitly obtained personal identifiable information. Dutch national police Politie said it had contacted 400 "possible customers" of WeLeakInfo.

Blockchain & Cryptocurrency

Cryptohack Roundup: Private Key Compromise Led to CoinEx Hit

Mihir Bagwe • September 21, 2023

This week, hackers stole $70 million from CoinEx, FTX resumed online claims, Balancer suffered a breach, Celsius creditors are targets of phishing, nearly $900,000 was stolen from Mark Cuban's hot wallet, Malta prepares for crypto regulation and Hong Kong cracked down on illicit crypto exchanges.