In the July issue of SECURITYSTUDIO News Brief, we bring you the top news and information about cybersecurity breaches across the globe. These not only have lasting effects for individuals and businesses, but also highlights the need for third-party risk management and tighter security protocols.

Employees Struggle

Third-Party Risk Management

  • New research shows more than one in 10 companies worldwide will lose more than $10 million after falling victim to a cyber attack. As a result, companies are boosting cybersecurity investments in the next fiscal year. Experts advise business leaders to pay close attention to the risks associated with their supply chain and partners, as they further increase the attack surface substantially.
  • A global survey recently revealed that IT managers are inundated with cyber attacks coming from all directions and are struggling to keep up due to a lack of security expertise, budget and up-to-date technology. As part of the report, only 16 percent of respondents consider supply chain a top security risk, exposing an additional weak spot.
World Computer Patch

World News

  • The cyber warfare threat is rising as Iran and China agree to a “united front” against the U.S. Experts claim this is the beginning of a cyber war between countries and the Cybersecurity and Infrastructure Security Agency (CISA) within the DHS issued a blanket warning about a recent rise in malicious cyber activity directed at U.S. industries and government agencies by Iranian regime actors and proxies.

Business Impact

Computer Patch Update
  • Many organizations around the world haven’t patched older Windows systems against the BlueKeep vulnerability that could let attackers take over devices. This is despite warnings from Microsoft, government agencies and cybersecurity companies. Many organizations may not know they have a system with the vulnerability.
  • With the 2020 election upon us, the Federal Election Commission ruled that a cybersecurity company could legally offer discounted services to presidential campaigns hoping to protect themselves from cyberattacks. Cybersecurity is on the forefront of this campaign, given the U.S. intelligence community’s warnings of Russia’s intentions to escalate its interference.
  • Apple has taken an extraordinary move and released a silent update to protect its users from a yet-to-be-disclosed vulnerability that could compromise Macs that have the Zoom video conferencing software installed. The silent update removes a clandestine web server Zoom installed in older versions of its software that can’t be removed through a standard uninstall process.
  • Security researchers have uncovered a new vulnerability in a Siemens software platform for industrial control systems in large critical infrastructure facilities, such as nuclear power plants. An attacker could gain access to these systems for espionage or cause widespread physical damage.

Personal Impact

Credit Card Phishing
  • A new type of phishing campaign is specifically targeting American Express card holders after attackers send a hyperlink as part of a phony account update. This phishing attack is different because instead of using a hyperlink to send victims to a malicious landing page, the scheme deploys an embedded “base href” URL to help hide from anti-virus and other security tools.

SecurityStudio® is the easiest, most comprehensive information security toolkit to measure, mitigate and manage risk. Our goal is to help all organizations build and maintain a strong information security program. We do this by helping organizations understand the need for strong information security, identifying and prioritizing their risks and implement secure methods to address those risks. https://securitystudio.com

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