Companies shouldn't be afraid of proactively probing their systems for security vulnerabilities, argues Jerry Thompson of Identity Guard. "[N]o system is foolproof, and weaknesses and loopholes that can be patched ahead of time and continually monitored for suspicious activity are a company's first and best stronghold across an ever-widening threat landscape," he writes.
Android devices have been vulnerable to a cryptomining scheme since at least November, cybersecurity firm Malwarebytes reports. The scheme involves fake advertisements that enable hackers to take over mobile devices and generate cryptocurrency.
The 2018 congressional elections are a likely target for cybersecurity attacks by Russia and other countries, a report by US intelligence agencies states. A Senate committee heard testimony Tuesday from officials who helped put together the report.
"Unauthorized transactions" have led to the theft of $170 million worth of cryptocurrency Nano, says Italian cryptocurrency exchange BitGrail, which has suspended withdrawals and deposits. Nano's price fell 6.5% to $10.21 in light of the hack, although other cryptocurrencies were unaffected.
Today marks the deadline for financial institutions to sign off on cybersecurity controls required by the state of New York. "A number of individuals at covered entities are scrambling to ensure that the requirements are operational so they can confidently sign the compliance certification without worrying about potential liability if an exam finds otherwise," said Denver Edwards of Bressler Amery & Ross.
The Financial Industry Regulatory Authority is increasing its resources to help firms employing 150 or fewer representatives with the introduction of its dedicated Small Firm Helpline and enhancements to its online advice on cybersecurity and other relevant issues. Small firms will be required to join their larger counterparts in contributing to FINRA's consolidated audit trail in November 2019.