According to a RiskBasedSecurity report, 2019 saw approximately 7.9 to 8.5 billion records compromised. To put that in perspective, the world population is currently 7.5 billion. Despite the numerous small breaches throughout 2019, the majority of these records were compromised by a few large breaches and subsequent chain reaction minor breaches.
Category: Cyber Attacks
Stay updated on cyber attacks worldwide. Explore expert insights, threat trends, and prevention strategies to protect your business from evolving cybersecurity risks.
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5 Cyber Security Threats In The Cannabis Industry
The legal marijuana industry is expected to grow exponentially over the next few years. This is spurred not only by the legalization of recreational marijuana in many states in the US as well as in countries like Canada, but also the growing adoption of cannabis as a pharmaceutical product.
According to the State of the Legal Cannabis Markets report from BDS Analytics and Arcview Market Research, legal pot sales will hit $40.6 billion in 2024. This represents a 24.5 percent growth over the period 2018 to 2024.
The burgeoning cannabis retail industry is, therefore, a prime target for cybercriminals who look to steal valuable and sensitive information ranging from credit card information, trade secrets, and personally identifiable information (PII).
Aside from the consumer information they store and manage, online cannabis retailers are being targeted because many of them have yet to incorporate cybersecurity practices. Small to medium-sized online marijuana retailers are also highly vulnerable to cyberattacks because they normally don’t have the resources to hire an IT staff who can implement security measures to mitigate cybersecurity risks.
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International Bank Cyber Heist via SWIFT…again…
Indias City Union Bank, a small private lender, said on Feb 18, 2018 that cyber criminals had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial platform. Chief Executive Officer N. Kamakodi called it a conspiracy involving multiple countries, and added the lender was still investigating how it had happened. The bank had discovered the three fraudulent remittances, which were sent via correspondent banks to accounts in Dubai, Turkey and China.
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Cyber attacks at the 2018 PyeongChang Winter Olympics
A cyberattack paralyzed internet networks at the opening ceremony of the 2018 Pyeongchang Winter Olympics. Several U.S. cybersecurity firms have uncovered a computer virus named Olympic Destroyer that was likely used in an attack.
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Meltdown & Spectre Follow Up – Specific PCI DSS Action Items
Following up on our recent alert regarding the Meltdown and Spectre security flaws, RSI now provides subsequent information and recommendations to our clients and all organizations needing to adhere to PCI compliance requirements.
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RSI Analysis: Equifax breach a watershed moment, Cybersecurity now Material concern
As of October 4, ever more damning information continues to surge out of the Equifax investigation. The total number of affected American consumers has hit 146 million, with the former-CEO laying blame on a single employee for not implementing a security patch that would have plugged a vulnerability in Apache software (which itself was patched by the vendor 2 months prior).
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Don’t Leave Hackers A Path To Follow
Don’t leave hackers a path to follow! Encrypting credit card # in POS reader hardware enables secure processing from the start & doesn’t allow malware installation. #pcicompliance
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Hackers Now Shifting from POS to Card-Not-Present Fraud
Few things are more sought-after by hackers than private credit card and payment data, Stealing credit and debit card numbers for fraudulent use is as popular as ever with cybercriminals. And recent data suggests they’re increasingly turning to card-not-present fraud.
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Single “Point-in-Time” Compliance Doesn’t Equal Secure
Given the recent Kmart security breach of credit card numbers being compromised we can see that persistent vigilance is essential given evolving malware threats. Single “Point-in-Time”compliance doesn’t equal “Secure”.
As you can see in the chart below it is essential to continuously asses the degree to which your business is being compliant. There should be a constant cycle of assessing, detecting, adjusting, and remediating to ensure that your business stays secure from malicious hackers.
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Infographic: How prepared is your business to face cyber threats?
Continued recognition, vigilance, and preparedness against evolving Cyberthreats are key to building up a robust Threat Management posture.