#RiskManagement

Why Cybersecurity Acumen Matters in the C-Suite

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October 24, 2024 at 10:09AM CEOs must enhance their understanding of generative AI and cybersecurity as threats evolve and cybercriminals become more sophisticated. Improved cybersecurity knowledge among C-suite leaders fosters better decision-making, resource allocation, and collaboration, ultimately protecting companies from risks and ensuring compliance with regulations. Proactive leadership is essential for safeguarding data and assets. … Read more

Permiso State of Identity Security 2024: A Shake-up in Identity Security Is Looming Large

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October 23, 2024 at 09:55AM Identity security is increasingly critical due to recent breaches involving major companies. A Permiso report reveals 45% of organizations are concerned about their tools’ effectiveness. Human identities, often seen as riskier, lead to impersonation attacks and data breaches. A unified approach is needed to enhance identity security across environments. ### … Read more

SEC charges tech companies for downplaying SolarWinds breaches

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October 22, 2024 at 02:39PM The SEC charged Unisys Corp, Avaya Holdings, Check Point Software, and Mimecast for misleading investors about cybersecurity breaches from the 2020 SolarWinds hack. The companies agreed to pay civil penalties totaling approximately $6 million, with fines based on downplayed disclosures regarding their incidents and data access during the breach. ### … Read more

Tech firms to pay millions in SEC penalties for misleading SolarWinds disclosures

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October 22, 2024 at 12:35PM Four tech companies, including Avaya, Check Point, Mimecast, and Unisys, agreed to pay penalties totaling $7 million to the SEC for misleading disclosures about their involvement in the 2020 SolarWinds hack. The companies were accused of downplaying cybersecurity incidents despite having knowledge of significant breaches affecting their networks. ### Meeting … Read more

The Ultimate DSPM Guide: Webinar on Building a Strong Data Security Posture

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October 18, 2024 at 08:00AM The webinar “Building a Successful Data Security Posture Management Program” will discuss Data Security Posture Management (DSPM) as a solution for securing complex, scattered data. Attendees will learn how to uncover hidden data, protect against threats, and ensure compliance, featuring insights from security expert Benny Bloch. Register now. ### Takeaways … Read more

Troubled US insurance giant hit by extortion after data leak

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October 17, 2024 at 07:37PM Globe Life faces an extortion attempt involving stolen customer data, affecting approximately 5,000 clients. The insurer reports no financial information was compromised and claims the incident is not linked to recent system vulnerabilities. This situation coincides with ongoing legal troubles and shareholder lawsuits regarding alleged company misconduct. **Meeting Takeaways on … Read more

Microsoft warns it lost some customer’s security logs for a month

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October 17, 2024 at 06:19PM Microsoft has alerted enterprise customers about a critical bug that led to the loss of important logs for nearly a month, jeopardizing the ability of companies to monitor unauthorized activity effectively. This issue highlights significant security risks for organizations dependent on these logs. **Meeting Notes Takeaways:** 1. **Issue Identified**: Microsoft … Read more

Hackers blackmail Globe Life after stealing customer data

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October 17, 2024 at 10:39AM Globe Life reported an extortion attempt by an unknown threat actor who demanded payment to prevent the release of stolen data from earlier this year. The breach could affect over 5,000 customers of its subsidiary, American Income Life Insurance Company. However, the company claims operations and financials remain largely unaffected. … Read more

OT Risk Management Firm DeNexus Raises $17.5 Million

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October 16, 2024 at 09:04AM DeRisk is an AI and ML-based analytics platform designed to address cyber risks in operational technology for critical industries. The firm DeNexus, which specializes in operational technology risk management, has raised $17.5 million to enhance its offerings. **Meeting Takeaways:** 1. **Company Overview**: DeRisk is an AI and ML-driven data analytics … Read more

AI amplifies systemic risk to financial sector, says India’s Reserve Bank boss

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October 14, 2024 at 11:51PM India’s Reserve Bank Governor, Shri Shaktikanta Das, cautioned that while AI offers financial growth opportunities, it also poses systemic risks and concentration concerns in the financial sector. He emphasized the importance of risk mitigation measures for banks and highlighted the need for improved cross-border payment systems and vigilance against misinformation … Read more