Possible Chinese Hackers Exploit Microsoft Exchange 0-Days

Prajeet Nair • September 30, 2022

Hackers, possibly Chinese, are exploiting Microsoft Exchange zero-day vulnerabilities to apparently implant backdoors and steal credentials. The computing giant says it doesn't yet have a patch, telling systems administrators to instead implement workarounds.

Cloud Security

Australian Telco Optus Warns of 'Significant' Data Breach

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Business Continuity Management / Disaster Recovery

Pentagon Bug Bounty Program Uncovers 350 Vulnerabilities

Prajeet Nair • October 1, 2022

The U.S. Department of Defense uncovered almost 350 vulnerabilities in the department's networks as part of its experimental bug bounty program launched on American Independence Day. The week-long bug bounty challenge called "Hack U.S." ran from July 4 to July 11.

Fraud Management & Cybercrime

North Korean Trojanizing Open Source Software

Mihir Bagwe • September 30, 2022

North Korean is using weaponized versions of open source utilities to spy on the technology, defense and entertainment sectors worldwide. Microsoft says it spotted fake profiles of supposed job recruiters who really are Pyongyang hackers manipulating victims into downloading Trojans.

Cloud Security

Cloudflare, VCs Join Forces to Give $1.25B Away to Startups

Michael Novinson • September 30, 2022

Cloudflare has joined forces with 26 venture capital firms to provide up to $1.25 billion in financing to startups building on the company's developer platform. The Workers Launchpad Funding Program will connect developers with investors around the world to scale their startups faster.

Governance & Risk Management

DOJ: Army Doc, Wife Sought to Leak Health Records to Russia

Marianne Kolbasuk McGee • September 30, 2022

A Maryland couple faces federal indictment for an alleged conspiracy to provide the Russian government with military medical records. Anna Gabrielian and U.S. Army Maj. Jamie Lee Henry supplied an undercover FBI agent with medical records of military personnel.

Cloud Security

Orca Security's Avi Shua on Making Cloud Safe for Government

Michael Novinson • September 30, 2022

Security firms must increasingly follow U.S. government security requirements even if they don't serve federal agencies themselves, says Avi Shua, Orca Security co-founder and CEO. That's because cloud vendors such as Orca often serve businesses that contract or subcontract with the U.S. government.

3rd Party Risk Management

ISMG Editors: Will Others Follow US Lead to Legislate SBOMs?

Anna Delaney • September 30, 2022

In the latest weekly update, ISMG editors discuss how organizations can comply with the new PCI DSS 4.0 requirements, whether other countries should follow the U.S. lead on legislating software bills of materials, and key strategies for CISOs preparing for an economic downturn.

Big Data Security Analytics

Atos Rejects $4.12B Onepoint Bid for Cybersecurity Business

Michael Novinson • September 29, 2022

Atos turned down an unsolicited $4.12 billion offer from rival Onepoint to acquire the French conglomerate's $4.8 billion cybersecurity, big data and digital business. Atos received a letter of intent Tuesday related to the acquisition of its Evidian business by Onepoint and private equity fund ICG.

Cloud Access Security Brokers (CASB)

Zscaler Buys Workflow Automation Firm ShiftRight for $25.6M

Michael Novinson • September 29, 2022

Zscaler has bought out of stealth a startup established by the founders of Lacework to automate security management and dramatically reduce incident resolution time. ShiftRight will give customers real-time visibility into their security posture and help them manage an influx of risks and incidents.

Application Security

Tom Kellermann's New Mission: Secure the Code

Tom Field • September 29, 2022

Over his 23-year career in cybersecurity, Tom Kellermann has focused on policy, endpoints and even strategic investments. Now, in his new role as senior vice president of cyber strategy at Contrast Security, his mission is to protect code security - particularly in the public and financial sectors.

Cybercrime

Examining What Went Wrong for Optus

Anna Delaney • September 29, 2022

The latest edition of the ISMG Security Report discusses what went wrong for Optus in the wake of one of Australia's biggest data breach incidents, the state of code security today and the growing trend of private equity firms pursuing take-private deals.

Cyberwarfare / Nation-State Attacks

Cyberwar: Assessing the Geopolitical Playing Field

Steve King • September 29, 2022

The United States is arguably involved in a cyberwar against Russia and China - and appears to be losing. In this episode of "Cybersecurity Unplugged," Tom Kellerman of Contrast Security and Richard Bird of Traceable.ai discuss what the U.S. government and companies need to do to win this cyberwar.

Critical Infrastructure Security

US Government to Study Cyber Insurance Backstop

David Perera • September 28, 2022

The Department of Treasury and the Cybersecurity and Infrastructure Security Agency are soliciting comments on whether risks to critical infrastructure from a catastrophic cyberattack - and the concurrent potential for ruinous financial exposure by insurers - should lead to a new federal approach.