Staying on top of news in the cybersecurity industry can sometimes feel like a full-time job in itself. Each day it seems as though another company has suffered a new data breach, we’re being warned of a new ransomware strain, or there’s a new scam to watch out for (unless you’re a MailGuard user).
To help, each month we’ll share a handful of posts from our social media that we found important or interesting. In no particular order, here’s a roundup of the stories that grabbed our attention in July:
“This decision will leave a lot of American businesses vulnerable to financial loss unless the US government creates an insurance model that can benefit both the private insurance companies and the businesses.”
Read more here: https://www.theverge.com/2022/6/23/23180115/gao-infrastructure-catastrophic-financial-loss-cyberattacks-insurance
With dynamic CVVs, “the three verification digits of a digital payment card routinely change for greater online security”. Westpac introduced the feature in 2020 and in this time, Head of Fraud, Benjamin Young says the bank has seen an 80% reduction in fraud in comparison to customers who only use a static CVV.
Read more here: https://www.itnews.com.au/news/australias-major-banks-look-to-dynamic-cvv-to-combat-payment-fraud-582304
However, it’s not all good news. “Researchers suggest this is partially down [to] a switch by criminal hackers away from individuals. Instead, they are targeting businesses through vectors including supply chain attacks and business email compromise. Criminal groups appear to be focusing on companies, government agencies and institutions.”
The research also showed that phishing remains the leading cause of data breaches. There’s truly never been a better time to fortify your business’s email defences.
Read more here: https://www.infosecurity-magazine.com/news/fewer-victim-data-breaches/
New York's Department of Financial Services have said that Carnival Cruises failed to report one breach and “violated a state cyber security regulation by failing to use multi-factor authentication that would make it harder for wrongdoers to access its internal network.”
Read more here: https://www.itnews.com.au/news/carnival-fined-us5m-for-cyber-security-violations-581881
Read more here: https://www.cybersecurityconnect.com.au/defence/8029-veterans-complete-sans-cyber-course
The MailGuard team attempts to make your professional life that bit easier by sharing important stories and industry updates across multiple channels.
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