FINANCIAL INFOSECURITY NEWSLETTER

December 2018

[Blog] Delta Risk CEO Scott Kaine Featured On “Insights & Intelligence” Cloud Security Podcast

Lauren Bellero, deltarisk.com, December 3, 2018

Delta Risk CEO Scott Kaine was featured in a cloud security podcast last week as part of The Chertoff Group’s new “Insights & Intelligence” series. In the podcast, Kaine talks about how companies can safely move to the cloud, and key considerations for cloud security. The weekly podcast covers discussing cyber security, technology, security issues, and policy with host Katy Montgomery and guest thought leaders.

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Marriott Faces Massive Data Breach Expenses Even with Cyber Security Insurance

zdnet.com, November 30, 2018

Marriott’s disclosure of a data breach impacting as many as 500 million consumers is going to result in technology, security, and legal expenses for years to come — and the tab is likely to be in the billions of dollars. A recent IBM study by Ponemon on the cost of large data breaches estimated that a breach of 50 million records will have a total price tag of $350 million.

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U.S. Financial Firms to Further Increase Cybersecurity Spending

bloomberg.com, December 3, 2018

U.S. banks and other financial firms are projecting higher spending on cybersecurity as they face bigger threats and more attacks. In a survey of 100 senior security officers, 84 percent said their firms are planning to spend more this year on cybersecurity, up from 78 percent a year ago, data-security provider Thales eSecurity said.

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A Plan to Turn New York Into a Capital of Cyber Security

nytimes.com, November 28, 2018

Cyber NYC is among the nation’s most ambitious cybersecurity initiatives, which over the next decade could transform New York City into a global leader of cybersecurity innovation and job creation. Major corporations like Goldman Sachs, Mastercard and PricewaterhouseCoopers also are participating in advisory roles or will assist with the project’s training and hiring.

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Uber Fined $1.17 Million by U.K., Dutch Authorities for 2016 Breach

cyberscoop.com, November 27, 2018

Uber drew fines totaling $1.17 million from British and Dutch authorities for its handling of a 2016 data breach that exposed the personal information of roughly 57 million passengers and drivers. Uber paid hackers $100,000 to keep quiet and destroy the stolen data.

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State Cybersecurity Offices Need More Money and Staff, Report Finds

govtech.com, October 24, 2018

State information technology officials have been making progress in beefing up cybersecurity, but a lack of funding and a serious workforce shortage remain significant barriers for many of them. Nearly half of states don’t have a separate cybersecurity budget and more than a third have seen no growth or a reduction in those budgets, according to a survey of top IT security officers in 50 states.

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Top CFOs Are Being Targeted by A Sophisticated Email Scam

cnn.com, December 4, 2018

A group of hackers based in Nigeria is trying to trick thousands of top executives across the globe into sending them company funds. The ambitious scheme that mainly targets chief financial officers via email is described in a new report by cybersecurity firm Agari, which investigated the group after coming under attack itself.

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[Webinar] Why Your SIEM Won’t Work for Your SaaS Applications

If you missed this week’s webinar, you can still sign up to view the on-demand version! Get insights on why the move to the cloud requires new security solutions in today’s hybrid IT environments.

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