As artificial intelligence (AI) and low code continue to have a profound impact on modern-day software development, there are some under-acknowledged consequences organizations should be aware of, including an invisible shift in risk management and regulatory compliance.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
For most organizations, especially small and mid-market businesses, tracking who is behind an attack delivers far less value than understanding what attackers are doing and how to defend against it.
Harrods has disclosed a third-party data breach after cybercriminals claimed to have stolen over 430,000 customer records. The luxury department learned of the breach after the attackers approached the company and demanded a ransom to avoid leaking the stolen data online.
Chinese malware deployed by a state-sponsored advanced persistent threat group is targeting critical industries and their downstream customers in a prolonged cyber espionage campaign.
A New York City SIM farm recently seized by the Secret Service was being put to use in a variety of criminal activities and had the capability of disrupting local communications networks, according to officials. In total the scheme was thought to have cost millions of dollars to set up.
Operations at numerous European airports, including the continent’s busiest, Heathrow Airport, were disrupted by a cyber attack affecting a boarding and check-in software provider.
Jaguar Land Rover Production Shutdown From Cyber Attack May Last Until November, Risking Livelihoods
Jaguar Land Rover production shutdown from a cyber attack could last until at least September 24, with some industry experts warning that it could continue until November.
The National Crime Agency has arrested and charged two suspected teenage members of the Scattered Spider cybercrime gang over the Transport for London cyber attack.
A data breach at Lotte Card has impacted nearly 3 million customers, putting the cardholder data of 280,000 individuals at a direct risk of exploitation for fraud.
An insider data breach at FinWise Bank has impacted 689,000 America First Financial customers after a former employee accessed their sensitive personal information.










