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Pearson agreed to pay $1 million for 2018 Data Theft

CyberSecurity Insiders

Pearson, a London based e-textbook publishing firm that supplies software to Schools and Universities has been slapped with a fine of $1 million for misleading investors about a 2018 data breach that witnessed siphoning of millions of student records by hackers.

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A cyber-attack on major banks could trigger a liquidity crisis, ECB President Christine Lagarde warns

Security Affairs

The president of the European Central Bank (ECB), Christine L agarde, is warning that a cyber-attack on a major financial institution could trigger a liquidity crisis. The president of the European Central Bank (ECB), Christine Lagarde, has warned that a coordinated cyber-attack on major banks could trigger a liquidity crisis.

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

A report this month from the Government Accountability Office (GAO) found that the number of companies seeking cyber insurance coverage has steadily risen since 2016 and that insurers are increasing the prices of their policies and lowering their coverage limits as the number of cyberattacks rise. In addition, the U.S.

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Internet Security Threats at the Olympics

Schneier on Security

Meanwhile, a Russia-linked cyber attack has already stolen and leaked documents from other Olympic organizations. A senior analyst at McAfee warned that the Olympics may experience more cyber attacks before closing ceremonies. EDITED TO ADD: There was already one attack.

Internet 301
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Fitch Ratings: Cyberattacks could pose a material risk to water and sewer utilities

Security Affairs

Fitch Ratings published an alert last week to warn of the “material risk” to water and sewer utilities caused by cyber attacks that could also impact their ability to repay debt. The expenses to mitigate a cyber-attack could impact the ability of the utilities of paying their debt. ” concludes the alert.

Risk 127
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NASA Audit: Cyber Risk Skyrockets with 'Work from Home'

SecureWorld News

NASA audit: work from home greatly increases attack surface. The audit proves what we've heard from many security leaders during our SecureWorld Remote Sessions : the pandemic and work from home have greatly increased the cyber attack surface and attack attempts. A wide-ranging list of attack vectors, for sure.

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NEW TECH: Devolutions’ ‘PAM’ solution helps SMBs deal with rising authentication risks

The Last Watchdog

A 2018 Cisco Cybersecurity Special Report found that 54 % of all cyber attacks cost the target company more than $0.5 However, smaller companies rarely have the IT talent, tools, or budget to prevent such attacks. million — damages that would crush most SMBs. We offer a product that has a ton of value,” Côté says.