Broken news that draft cybersecurity bill Singapore recently released, Tim McElwee, Co-Founder, President and Chairman at Proficio commented below. Tim McElwee, Co-Founder, President and Chairman at Proficio: “Based on the shortage of qualified people and resources in the region, and the high demand that this new bill requires, Singapore businesses would benefit greatly by leveraging the cybersecurity technology expertise offered by managed security service providers (MSSPs). As cyberattacks continue to rise across the Asia-Pacific region, organizations need credible security service providers to tighten overall security posture. However, not all MSSPs are created equal. In preparation for this new legislation, I’d advise businesses to start actively examining their…
ISBuzz Team
The breaking news has found that a major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with catastrophic natural disaster such as US Superstom Sandy in 2012. IT security experts from AlienVault and Kaspersky Lab commented below. Javvad Malik, Security Advocate at AlienVault: “Large figures like $53bn can sometimes be difficult to rationalise by businesses. However, the point that should be taken away from this study is that digital is a critical component of all businesses today. You’d be hard pushed to find any business that doesn’t have a reliance on digital in one…
Magecart is back, and the operation is more elaborate than we thought, involving physical shipping companies with mules operating in the United States. Credit card data is a hot commodity in the criminal underworld of the internet—stolen card data is readily available, and used to fund criminal enterprises of all kinds. But scammers, rippers, and carders aren’t the only ones in on the action—the data has to be stolen in the first place. Typically, when people think of credit card theft, they think of skimming, point-of-sale devices infected with malware, and large-scale data breaches. But actors are utilizing much sneakier and more sophisticated…
Flight Centre has mistakenly shared customers’ passport details with third parties. Richard Anstey, CTO EMEA at Synchronoss commented below. Richard Anstey, CTO EMEA at Synchronoss: “Malicious hacking attacks like Petya and Wannacry cause regular headlines, but in reality mistakes like this from Flight Centre are still the mainstay of data leaks. Accidental data loss is common and can have a huge impact, especially when it concerns sensitive personal data like this. But all too often leaks like this go unreported, leaving some businesses unware of the danger. “There are a number of ways organisations, can respond to an incident like this. Firstly, they can…
On average, websites are attacked 22 times per day or more than 8,000 times per year, According to the latest report from SiteLock. Chris Olson, CEO at The Media Trust commented below. Chris Olson, CEO at The Media Trust: “Securing an enterprise’s website is an often overlooked aspect of IT, and the complexities of which are almost always underestimated. Typically, businesses only monitor their own code, yet most consumer-facing sites adopt plug-ins and other third party content services–video or image hosting, social widgets, analytics, data management platforms, payment processing, etc.–whose code execution is not readily visible to IT and, therefore,…
On average, websites are attacked 22 times per day or more than 8,000 times per year, According to the latest report from SiteLock. Chris Olson, CEO at The Media Trust commented below. Chris Olson, CEO at The Media Trust: “Securing an enterprise’s website is an often overlooked aspect of IT, and the complexities of which are almost always underestimated. Typically, businesses only monitor their own code, yet most consumer-facing sites adopt plug-ins and other third party content services–video or image hosting, social widgets, analytics, data management platforms, payment processing, etc.–whose code execution is not readily visible to IT and, therefore,…
It was reported today that Trump hotels have been hit by a third data breach. The full story can be found on the BBC here.Chris Wysopal, CTO and Co-Founder, Veracode commented below. Chris Wysopal, CTO and Co-Founder at Veracode: “With news that Donald Trump’s hotel chain has been hit by its third data breach in just three years, questions will certainly be asked whether it has been triggered as a result of recent political events. We’re seeing an increasing number of attacks being used to influence socioeconomic events, such as attacking the assets and accounts of persons of power, as seen with the…
Global security group Securitas has revealed that its chief executive was declared bankrupt this week after his identity was hacked. In a statement to investors, the company said that a fraudster had made a fake loan application in the name of Alf Göransson, its 59-year-old president and chief executive. To add to the embarrassment, Securitas said the unfortunate Mr Göransson had then found himself being declared bankrupt following a false court application. IT security experts commented below. Lisa Baergen, Director at NuData Security: “Cybercriminals are building fictitious identities to open fraudulent accounts with an eye towards fleecing banks, mortgage lending institutions, and insurance companies. Stealing…
The latest news has found that Bupa international health insurance has been hit by a data breach. An employee from their international health division, Bupa Global, had inappropriately copied and removed some customer information from the company. Around 108,000 international health insurance policies are affected. IT security experts commented below. Andrew Clarke, EMEA Director at One Identity: “We often hear about individuals who gain access to confidential information within a business sometimes that is accidental; occasionally malicious and more frequently we hear about the external hacker. In all cases, once the data is compromised it could be misused for personal or…
Following the news in the US that millions of Verizon customer records have been exposed in a security lapse. IT security experts commented below. Jeff Nolan, CMO at SecureAuth: “With millions of exposed names, phone numbers and account PINs, the fallout from Verizon’s latest Amazon S3 leak will be felt for a long time to come. When an attacker has enough information about their target – gathered either through social engineering or from data breaches– they will contact the phone carrier and have the phone SIM card swapped to a new device. Once this is complete, all texts and phone…