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ISMS.online News Roundup – 9th January 2020

Welcome

The fallout from the Travelex attack; Apple returned to CES but not the way you think; the effects of CCPA; Canyon targeted in cyberattack; and much more in this week’s edition of ISMS.online’s Information and Cybersecurity News Roundup!

Travelex: Banks halt currency service after cyber-attack

Joe Tidy explains how, after the ransomware attack on Travelex that occurred this week, a number of high street banks have prevented their customers buying foreign currency due to Travelex supplies them with all their notes in this excellent BBC News report.

Read the full article here.

How Financial Services Firms Can Improve Cybersecurity

According to Forbes, 35% of all data breaches were faced by the financial services industry, giving it the questionable honour of the most vulnerable industry of 2019. Calvin Hennick discusses how companies should tackle prevailing risks, gain buy-in from leaders, and develop an innovative cybersecurity strategy in this fantastic article for BizTech.

Read the full article here.

A Look at Cybersecurity in 2020 and Beyond

Jerry Vasquez discusses his forecasts as to what companies can expect from cybersecurity in 2020 and beyond since cybersecurity is becoming progressively more business-critical and expansive, in this terrific article for CPO Magazine.

Read the full article here.

Cybersecurity at the Qatar 2022 World Cup: The threat and response

International tournaments are top targets for cybercriminals to reap the benefits of the numerous tourists that come into the country. The upcoming FIFA World Cup is no exception, as 1.5 million football fans have been estimated to attend the event in Qatar in 2022. This fantastic article by Rob Fitzsimons has been published by EME Outlook, which explores why cybersecurity should be treated similarly to physical security at these events.

Read the full article here.

London Stock Exchange denies it was hit by cyber attack

After being delayed by more than an hour and a half in August 2019, the NCSC denied the London Stock Exchange was the victim of a cyber-attack after the Wall Street Journal reported that UK cyber-security officials were investigating, instead being the result of what the operator said was a software problem detailed in this marvellous article by Oscar Williams-Grut for Yahoo! Finance.

Read the full article here.

Canyon targeted by cyber attack

In this impressive report for Cycling Weekly, James Bracey outlines how the bike manufacturer Canyon revealed that just before the start of the New Year, its IT network had been compromised by a highly organised group of malicious hackers seeking access to sensitive and important data.

Read the full article here.

10 Ways Asset Intelligence Improves Cybersecurity Resiliency And Persistence

In this marvellous article for Forbes, Louis Columbus explores how securing every endpoint with a persistent strong link and resilience to self-healing gives CIOs new methods to further enhance network security by capitalising on the intelligence of each IT asset.

Read the full article here.

How to Safeguard Client Data During Tax Season and Beyond

As the tax season approaches, cybercriminals are preparing to take advantage of unprotected or poorly secured agencies to file fraudulent tax returns that put taxpayers ‘ information at risk. This wonderful report from The Fintech Times spoke to cybersecurity specialist Chris Chao and outlines their seven tips on how your firm can use to protect the data of you and your clients.

Read the full article here.

How to boost cybersecurity in the age of increased geopolitical tensions

As geopolitical unrest has been elevated, companies ought to consider the economic effects of this, including the impact of a cyberattack. Soumik Roy explores in this fantastic article for TechWire Asia advice that organisations might want to consider to assure that they do not become a victim of a security breach.

Read the full article here.

National retailer fined half a million pounds for failing to secure information of at least 14 million people

The Information Commissioner’s Office fined DSG Retail Limited £ 500,000 after a computer point of sale network had been hacked as a result of a cyber attack involving at least 14 million people.

Read the full article here.

What California’s New Privacy Law Means for You

The start of the year marked the arrival of the California Consumer Privacy Act (CCPA) coming into effect. The USA’s first significant data privacy law is aimed at giving users their control back, much like GDPR. Karl Bode discusses what the legislation will affect in this brilliant article for Motherboard, who the CCPA relates to and how the bill may be enforced.

Read the full article here.

From picking locks to leading information security

In this fascinating article for Penn State News, Jessica Hallman explains how IST alumnus Nick Leghorn was influenced by looking at security concepts, such as locks and lockpicking, to think about information security, and applies it to govern risk and compliance in his role as Indeed’s security engineering manager at the LASCON conference at universities.

Read the full article here.

7 Questions to Ask When Evaluating Network Monitoring Solutions

In this excellent article for Solutions Review, Daniel Hein discusses some of the questions that you should pose when evaluating solutions for your network monitoring organisations and determining what is the best business solutions to integrate into your infrastructure.

Read the full article here.

‘Serious cyber-attack’ on Austria’s foreign ministry

Starting Saturday night, Austria’s foreign ministry was the target of a cyberattack, which experts warned could continue for a few days. This superb BBC News report explores the circumstances surrounding the attack as well as the ministry’s comments.

Read the full article here.

Blog: The benefits of sharing personal data – what can we learn from Open Banking?

This thought-provoking blog post from the Information Commissioners Office details how the ICO Regulators ‘ Business Innovation Privacy Hub has recently looked at important data protection concerns for innovators operating in and out of the Open Banking Field.

Read the full article here.

Four ways remote workers can prevent security breaches

According to a recent study, more employees prioritize remote work as the number of remote workers grew exponentially in 2019, while 80 per cent of U.S. workers said they would pass on a role that didn’t offer remote work capability, but this transition brings new data security threats. This wonderful article by Douglas Brush, for Fast Company, discusses how to remain secure while working remotely.

Read the full article here.

Apple returns to CES to talk privacy, not products

The insightful report by Kaya Yurieff, for CNN Business, explains how, for the first time in 28 years, Apple has appeared in this year’s CES, the world’s largest technology conference that is being held this week in Las Vegas, to participate in a privacy panel titled “Chief Privacy Officer Roundtable: What Do Consumers Want?”.

Read the full article here.

The man who got rich on data – years before Google

Tim Harford explores the history of data collection and analysis by looking at Herman Hollerith, the 19th-century inventor of a data processing machine and later used to process the 1890 U.S. census, and how his invention paved the way for companies like google and amazon to process data now, in this outstanding BBC News article.

Read the full article here.

Consumer Adoption of Health Tech Slowed by Privacy, Security Concerns

Jessica Davis discusses how a recent study has shown that over half of US patients are concerned with security and privacy, such as data breaches, are stopping them from using health technologies such as wearable devices and telemedicine, in this interesting article for Health IT Security.

Read the full article here.

The best security conferences of 2020

In this informative article for TechBeacon, John P. Mello Jr. lists the top security conferences to be held globally this year with all the information you need to know to attend and keep up with any updates.

Read the full article here.

This Week in Tweets

Here are our top tweets from the #infosec and #cybersecurity Twitterverse.

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