Monday, September 25 2023

Weekly round-up of cybersecurity news, updates, and. highlights that matter to senior financial executives and decision-makers.

New Powers for CISA

Biden’s recent executive order provides the Cybersecurity and Infrastructure Security Agency (CISA) with the authority to counter cyberattacks and create procedures for cyber incident response, according to CISA Executive Assistant Director Eric Goldstein. Goldstein also stated standardized courses of action will allow for better joint incident responses. CISA’s new authority builds on the power they received from the National Defense Authorization Act last year to create the Joint Cyber Planning Office (JCPO).

Banking Regulators Release Proposed Guidance on Third-Party Risk

EU to Launch Joint Cyber Unit

In response to large-scale cyber incidents that have impacted businesses and citizens across Europe, the European Commission has proposed the formation of the Joint Cyber Unit, that aims to ensure an EU coordinated response to cybersecurity threats, improve public awareness, and guarantee going preparedness for potential cyber incidents.

The Joint Cyber Unit leads up to the second step to the EU’s 4-step process to build a European framework for solidarity and assistance to counter cyberattacks, that is, to “prepare national incident and crisis response plans and roll out joint preparedness activities”. The unit will support participants in producing integrated EU cybersecurity reports, delivering the EU Cybersecurity Incident and Crisis Response Plan, mobilizing EU Cybersecurity Rapid Reaction Teams, and more.

Federal IT Modernization

US officials discussed federal IT modernization priorities during a virtual event led by MITRE. Presenters included Congressman Gerry Connolly (D-VA), Deputy Federal CIO of the OMB Maria Roat, and Director of Technology Transformation Services and Deputy Commissioner of the Federal Acquisitions Service in GSA Dave Zvenyach.

The discussion focused on the Performance Enhancement Reform Act, a pending bill meant to increase collaboration across agencies and ensure all crucial stakeholders have a say in performance plans; the FITARA Scorecard, used to grade federal IT modernization; and the US government’s Technology Modernization Fund, which provides departments with necessary funds to secure systems and data.

Ukrainian Cyber Gang Comeback

The Ukrainian ransomware gang Cl0P published confidential data on its dark website this week. The gang claims the data is from two new victims, which include a farm equipment retailer and an architect’s office. The operation comes after the Ukrainian national police announced a series of arrests of alleged ransomware gang members and claimed the group’s server infrastructure was successfully shut down last week.

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Cyber Executive Moves: Expel, AXA XL

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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

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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 

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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 […]

N.Y. Gov. Debuts Premier State Cybersecurity Strategy

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Governor Kathy Hochul (D-NY) recently introduced New York’s first cybersecurity strategy. The 15-page document lays out a blueprint to expand services to aid under-resourced entities and clarifies agency responsibilities. It provides $500 million to strengthen New York’s healthcare information technology and $7.4 million to expand the New York State Police’s Cyber Analysis Unit, Computer Crimes […]