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Papua New Guinea ‘s finance ministry was hit by a ransomware

Security Affairs

A ransomware attack hit Papua New Guinea ‘s finance ministry and disrupted government payments and operations. Government officials confirmed that Papua New Guinea’s finance ministry was hit by a ransomware attack that disrupted government payments and operations.

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SHARED INTEL Q&A: Forrester highlights why companies need to strive for ‘cryptoagility’– today

The Last Watchdog

Its a question of how much risk your organization is willing to take, based on the data you must protect and its long-term value. We recommend using Dr. Michele Moscas theorem of quantum risk against an optimistic vs. pessimistic probability analysis. This is where the concern of harvest now, decrypt later attacks apply.

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Russia-Ukraine cyber conflict poses critical infrastructure at risk

Security Affairs

While the Russia-Ukraine cyber conflict goes on, nation-state actors, crooks, and hacktivists continue to pose critical infrastructure at risk. Critical infrastructure is a privileged target for almost any kind of threat actor, the ongoing Russia-Ukraine cyber conflict is posing them at risk. ” reported researchers from Cyble.

Risk 246
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Resecurity Released a 2024 Cyber Threat Landscape Forecast

Security Affairs

Resecurity, a Los Angeles-based cybersecurity company protecting Fortune 100 and government agencies worldwide, has compiled a comprehensive forecast outlining the imminent threats and novel security challenges anticipated in the upcoming year. Cybersecurity company Resecurity has published the 2024 Cyber Threat Landscape Forecast.

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First American Financial Pays Farcical $500K Fine

Krebs on Security

Under First American’s documented vulnerability remediation policies, the data leak was classified as a security weakness with a “level 3” severity, which placed it in the “medium risk” category and required remediation within 45 days. “The [employee] did not request a waiver or risk acceptance from the CISO.”

Insurance 335
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What is Cybersecurity Risk Management?

eSecurity Planet

Risk management is a concept that has been around as long as companies have had assets to protect. Risk management also extends to physical devices, such as doors and locks to protect homes and vehicles, vaults to protect money and precious jewels, and police, fire, and CCTV to protect against other physical risks.

Risk 145
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NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. Class A companies are specifically required to: – conduct independent audits of their cybersecurity program based on their risk assessment (500.2(c));