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In the Nightfall InfoSec Roundup, we summarize the latest information security news, breaches, vulnerabilities & advancements. In this week's edition:

 
Recent Breaches & Cyber Attacks
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Finastra Says Cyber-Attack Sought to Take Advantage of COVID-19 Driven Shift to Remote ...
Fintech Finastra, a software provider for Fintechs and old finance, experienced a cyber-attack where hackers attempted to breach defenses and set up a ransomware attack. CEO of Finastra, told his customers that they believe the attack was timed to take advantage of the fact that thousands of employees were going virtual due to the COVID-19 crisis.
[ READ MORE ]
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Half of firms have spotted a cyberattack - and here is the most common one you will face
Almost half of businesses have experienced a cyberattack or data breach in the past year and almost all of the organisations that know they've been on the receiving end of attacks have reported being targeted by phishing and other fraudulent emails as the volume of these attacks continues to increase.
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Exploits & Vulnerabilities
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Amid the pandemic, critical infrastructure remains vulnerable to cyberattack
Although the Ware Report was declassified in 1975, many of today’s companies still have yet to implement the cybersecurity controls it identified, including robust user access controls, system debugging, testing and certification, encryption and audits. These faliures pose critical risk to infrastructure today.
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All 4G Networks Susceptible to DoS Attacks
New research has uncovered a vulnerability affecting all 4G and some 5G telecommunications networks. Astudyof the security of diameter networks completed by Positive Technologies found that weaknesses in the diameter-signaling protocol meant that 100% of 4G networks are susceptible to denial of service (DoS) attacks.
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Password vulnerability at Fortune 1000 companies
SpyCloud has combed through their database of breach data for data tied to Fortune 1000 companies, analyzed it and found that employees in media companies are the worse when it comes to password reuse (rate of reuse: 85%), and those is retailing the best (53%), although even they still reuse passwords way to much.
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Ongoing Risks & Threats
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Organizations not properly set up to manage risk, coronavirus pandemic reveals
Organizations' current approach to risk governance is not sufficient to tackle the complex risk environment organizations are facing today, according to Gartner. The COVID-19 pandemic is just the latest in a line of recent risk events showing how organizations are not properly set up to manage risk, especially fast-moving ones.
[ READ MORE ]
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In artificial intelligence, enterprises still not minding their data
Data is the raw material that fuels artificial intelligence and machine learning initiatives, but it actually can't be that raw. It needs to be as accurate, timely and well-vetted as possible -- or else AI will deliver erroneous or biased results. At this stage, most enterprises haven't quite locked down the viability of the data employed within their AI efforts.
[ READ MORE ]
 
 






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