October – By Kevin A. Sesock

October 8, 2019 By Technology Director

Immaturity & Moral Hazard in the Cyber Insurance Market

ISSA Los AngelesFollow

Information Systems Security Association Los Angeles Chapter

Ubiquiti hack may have been attack by employee. An indictment from the Justice Department alleges that Nickolas Sharp used employee credentials to download confidential data and send anonymous ransom demands to the company he worked for. https://www.theverge.com/2021/12/1/22812761/ubiquiti-data-breach-aws-doj-indictment-inside-job?mod=djemCybersecruityPro&tpl=cy

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Suspected Chinese hackers breached four U.S. defense and tech companies in the last month. Hundreds more American organizations are running a similar type of vulnerable software to the kind hackers exploited. http://ow.ly/bJPV50H32g7

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22h

China calls for better cross-border data security. China’s Ministry of Industry and Information Technology, led by Xiao Yaqing, pictured, named improved security management of cross-border data flows in its new five-year plan. https://www.reuters.com/technology/china-urges-stronger-cross-border-security-big-data-2021-11-30/?mod=djemCybersecruityPro&tpl=cy

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24h

Finnish court disallows data from encrypted phone company that worked with FBI. A Finnish court said phone messages were obtained illegally in a drug-related case because the suspect used the Anom app, which secretly sent messages to the FBI and Australian police.

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2 Dec

FBI seized $2.3 million from ransomware affiliate. The Federal Bureau of Investigation seized $2.3 million from an affiliate of the REvil and GandCrab ransomware groups in August, according to court documents unsealed this week. http://ow.ly/8Q2A50H2hAN

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1 Dec

DNA lab reveals data breach. The financial and personal information of 2.1 million individuals was compromised in a hack at DNA Diagnostics Center, a genetic-testing facility in Fairﬁeld, Ohio. https://www.bleepingcomputer.com/news/security/dna-testing-firm-discloses-data-breach-affecting-21-million-people/?mod=djemCybersecruityPro&tpl=cy

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