Friday, December 8 2023

Weekly cybersecurity round-up for financial executives: Information security news, updates, and insights that matter to financial services decision-makers.

CFO & CIO Engagement on the Rise

Interactions between chief financial officers and chief information officer is on the rise, according to a recent executive survey. The report, released by data analytics provider BizData, noted that 21% of CFOs surveyed want to improve their regulatory insights. Nearly a third of CFOs (32%) believe “controlling risk” is important for 2022 and 22% fear the “lack of IT security” in their company.

Judge Thyself… Better

Nearly half of 22 Department of Defense information technology projects underreported their own risk, according to a report by the US Government Accountability Office. The GAO recommended that the Defense Department review its risk evaluation methods used by GAO.

Limits Placed on Privacy Lawsuits

The US Supreme Court determined customers do not have a legal right to sue if reputational harm from leaked data does not occur. This decision will help companies in lawsuits over data breaches.

Privacy, Someday

Google will delay plans to phase out third-party cookies until at least 2023. The search engine states that the reason for the delay is to allow businesses who use the platform and rely on third-party cookies to adjust their marketing strategies to fit Google’s changing privacy standards. The company hopes by slowing down the phase out that both individuals and businesses will be satisfied with the new standards.

On That Note… Crypto, Someday.

US Security and Exchange Commission announced their regulatory agenda for the coming year. Noticeably absent from the annual plan is any mention of Bitcoin or cryptocurrencies. SEC Commissioner Gary Gensler explained the absence is due to the need for a congressional solution for crypto regulation.

Ring, ring… Who dis?

Eighty-six percent of surveyed IT decision makers agree that attacks on mobile devices are becoming more diverse, frequent, and sophisticated. Only a quarter of IT professionals think their employees report vulnerabilities every time they occur, according to the report produced by cybersecurity firm Menlo Security.

God Save the Queen

The accessibility of mobile numbers online pose security risks because some spyware only needs a phone number to obtain access to a device. Bank executives can learn cautionary lessons from the UK government, which faced a series of incidents in which mobile numbers of government leaders, including Boris Johnson and Foreign Secretary Dominic Raab, according to UK newspaper the Guardian.

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Palo Alto Networks to Acquire Talon

Ellie Buscemi

On Monday, Palo Alto Networks agreed to acquire Israeli startup Talon Cyber Security, an enterprise browser platform. The deal values Talon at between $600 to $700 million, according to The Information. Palo Alto will integrate Talon’s enterprise browser solution into its Prisma SASE product. The acquisition comes among a wave of acquisitions and releases involving […]

Cyber Executive Moves: Expel, AXA XL

Ellie Buscemi

Expel appoints a new chief product officer, AXA XL announces a new chief executive and DataVisor appoints a new chief revenue officer. Expel, a security operations provider in Herndon, Virginia, appointed Yonni Shelmerdine as the new chief product officer on Aug. 28. Shelmerdine comes to Expel from SentinelOne where he was the vice president of Product Management, endpoint […]

Grip Security Raising $41 Million Series B Led by Third Point Ventures

SecureDisruptions

SaaS security company plans to accelerate growth and extend market leadership SaaS identity risk management platform Grip Security announced a $41 million Series B funding round led by Third Point Ventures, with participation from YL Ventures, Intel Capital and The Syndicate Group. The investment would bring Grip Security’s total funding to $66 million and marks a major milestone for the […]

Partner One Acquires Key Fidelis Cybersecurity Assets

SecureDisruptions

Partner One, one of the fastest growing software conglomerates in the world, has announced its acquisition of Fidelis Cybersecurity software, intellectual property, equipment, inventory and customer and reseller contracts. Fidelis software is a leader in the cybersecurity industry, with innovative eXtended Detection and Response (XDR) and Cloud Native Application Protection Platform (CNAPP). Fidelis solutions protect […]

Healthcare IoT: Risks, Policy, and the Path Forward 

John Powers

When Amazon launched as an online bookstore twenty-eight years ago, few would have imagined that patients could one day go to its website to treat their acid reflux. But times change. Amazon just expanded their virtual healthcare marketplace, Amazon Clinic. Across the U.S., customers can now consult with clinicians through virtual calls and get treatment […]

NIST Updates Cybersecurity Framework in New Draft, Seeks Public Comment

John Powers

The National Institute of Standards and Technology updated their cybersecurity framework for the third time in a new draft. The new framework offers guidance to organizations about reducing cybersecurity risks. It contains a set of outcomes so that any organization can evaluate, prioritize, grasp, and communicate its cybersecurity measures in an effective way. The draft […]