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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Risk 189
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New Report on IoT Security

Schneier on Security

The report recommends that regulators should 1) enforce minimum security standards for manufacturers of IoT devices, 2) incentivize higher levels of security through public contracting, and 3) try to align IoT standards internationally (for example, international guidance on handling connected devices that stop receiving security updates).

IoT 116
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Improving supply chain resiliency in the industrial sector

IBM Big Data Hub

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. Delays in repairs can often mean supply chain disruptions.

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Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Third-party risk management.

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Sopra Steria hit by the Ryuk ransomware gang

Security Affairs

Security measures have been taken to limit the risk of propagation.” A few days before, EVRAZ , one of the world’s largest multinational vertically integrated steel making and mining companies, has been hit by the Ryuk ransomware. French IT outsourcer Sopra Steria hit by ‘cyberattack’, Ryuk ransomware suspected.

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The Week in Cyber Security and Data Privacy: 1 – 7 January 2024

IT Governance

KG Source 1 ; source 2 (New) Manufacturing Germany Yes 1.1 TB Halara Cannabis Source (New) Manufacturing USA Yes >1,000,000 Proax Technologies Ltd. Capital Health operates two hospitals in the New Jersey-Pennsylvania region: Regional Medical Center in Trenton and Capital Health Medical Center in Hopewell.

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Prometei botnet is targeting ProxyLogon Microsoft Exchange flaws

Security Affairs

The crypto-mining has a modular structure and employes multiple techniques to infect systems and evade detection. Prometei has been observed to be active in systems across a variety of industries, including: Finance, Insurance, Retail, Manufacturing, Utilities, Travel, and Construction.” ” concludes the report.

Mining 66