Security Squawk - The Business of Cybersecurity

Welcome to another exciting episode of the Security Squawk podcast! Today, our cybersecurity experts are diving into some eye-opening incidents that have recently rocked the digital world. We'll be covering a cyber attack on a critical water treatment plant, the notorious Black Boy ransomware group, unsettling breaches at a medical facility in Texas, and a distressing ransomware attack on Sun Corp, an esteemed oil producer in Canada. Now, here's the thing: cybersecurity is an ongoing battle, and our experts can't stress enough the importance of continuous training. It's not just a one-and-done deal! Stay vigilant and keep those skills sharp. But hold on a second, folks. We've got some concerns. A measly $6 million settlement for businesses affected by a cyberattack? That just doesn't seem right. Our experts question whether that's enough to cover the damages and get things back on track. So, remember to buckle up and keep those cybersecurity skills up to date. We're here to help you navigate this ever-evolving landscape. Don't forget to share this episode, ask us your burning questions, and stay tuned for more valuable insights.

Join our cybersecurity experts in this week's episode of the Security Squawk podcast where they tackle the latest pressing issues in cybersecurity! In one story, Lockbit ransomware strikes a significant supplier for Apple, TSMC, demanding a staggering $70 million ransom. The big question is, will TSMC give in to the demand? Another incident to discuss is the breach on USAA, which exposed the personal information of over 2,500 customers between December 2022 and May 2023. Find out what steps are being taken to address the situation and protect the affected customers. The city of Dallas, after experiencing a cyber attack, has made headlines by investing a whopping $4 million in a system aimed at preventing future cyber attacks. Is this a viable solution to ensure cybersecurity or just a band-aid on a more significant problem? Tune in to hear our experts' take! Don't miss this informative episode where our experts dive deep into these crucial cybersecurity topics.

In this episode of the Security Squawk podcast, our cybersecurity team brings you an in-depth analysis of the Verizon data breach report and its far-reaching implications. Join our knowledgeable hosts as they unpack the report's key findings and illuminate the ever-evolving threat landscape. Discover shocking statistics, such as the staggering 83% involvement of external actors in data breaches, emphasizing the pressing need for robust defense measures. Our hosts also delve into the critical role played by the human element in security incidents, with 74% of breaches attributed to human error. Furthermore, we shed light on the importance of safeguarding credentials and the dire need for better password management practices. By sharing valuable insights and practical advice, our podcast equips businesses with the knowledge and strategies to protect themselves against malicious cyber attacks.

Join us on our cybersecurity podcast as we dive into the latest topics and threats in the digital landscape. In our recent episode, we discuss the MOVEit ransomware attack, UPS data breach, and the formation of a dark web unit by the federal government. Our co-hosts, Brian, Reginald, and Randy, provide expert insights and analysis on these pressing cybersecurity issues. Tune in now to stay informed and stay secure in the digital world.

In this episode of the Security Squawk podcast, we delve into the fresh and alarming cybersecurity headlines that have rocked the past week, courtesy of the intel from ID Agent's breach news. We're diving into an array of breaches this week, including Dunkin Donuts' massive data breach affecting millions, the alarming attack on Nintendo Switch users, and the continued saga of LinkedIn phishing attacks. But it's not all about recounting the incidents. Our mission is to equip you with insights, diving deep into these real-world cyberattacks to help you understand their impact, their mechanisms, and most importantly, how they could have been prevented. In this episode, we'll unmask the details of these attacks - their origins, the victims, and the implications. Beyond the headlines, we're here to provide you with a clear picture of the evolving threat landscape and practical strategies to fortify your defenses. With our light-hearted yet insightful discussions, we're making cybersecurity a subject everyone can understand and implement, from business leaders to anyone keen on digital safety. Tune into this episode of Security Squawk, as we translate cyber threats into knowledge for safeguarding your business. Join the conversation - be informed, and stay secure.

In this week's episode, we're diving deep into the latest headlines in the world of cybersecurity. We kick off our discussion with an examination of the recently discovered MoveIT vulnerability that was exploited in a ransomware attack. What makes this vulnerability a prime target, and how can organizations fortify their defenses? From there, we turn our attention to the biopharma industry. As this sector increasingly becomes a hotbed for cyber attacks, we'll dissect why this industry is attractive to cyber criminals and what measures companies can take to bolster their cybersecurity. We'll also delve into the recent ransomware attack on Eisai, a leading pharmaceutical group. What lessons can other organizations learn from Eisai's experience? And more importantly, how can such incidents be prevented? Finally, we wrap up with a discussion on the financial implications of ransomware attacks. A recent study by Verizon places the median cost of a ransomware incident at $26k. But is that the whole picture? We'll explore the hidden costs of ransomware and why prevention is always better than cure. Tune in to stay informed and learn actionable strategies to protect your organization from these evolving cyber threats.

In this episode, our cybersecurity experts discuss the recent $4.25 million fine imposed on Lender OneMain for "cybersecurity lapses", the MCNA Dental data breach that impacted 8.9 million people, and the ransomware attacks on the city of Augusta and New York County. The podcast also delves into how corporations are on the front lines of the ongoing cyberwar with China. Don't miss out on this timely and important discussion - listen now and stay ahead of the cybersecurity curve. References: https://therecord.media/one-main-fined-ny-for-cybersecurity-lapses https://www.bleepingcomputer.com/news/security/mcna-dental-data-breach-impacts-89-million-people-after-ransomware-attack https://www.csoonline.com/article/3697854/hackers-hold-city-of-augusta-hostage-in-a-ransomware-attack.html https://www.theregister.com/2023/05/29/security_in_brief/ https://www.forbes.com/sites/jillgoldenziel/2023/05/29/china-cyberattacked-the-us-corporations-are-on-the-front-lines/?sh=630affde20dd

In this episode: Discover the eye-opening discussion that took place during their meeting with FBI agents, where the harsh reality of limited government assistance for small businesses battling cyber threats was unveiled. Learn why small businesses often find themselves alone in the face of cyber dangers unless they meet specific financial thresholds, and gain valuable advice on how to navigate this landscape effectively. Uncover the time-consuming nature of investigations and the critical need for every company, regardless of size, to take cybersecurity seriously. Join us as we empower small businesses to face the challenges head-on, providing actionable insights and practical strategies to fortify their digital resilience.

In this episode of the Security Squawk podcast, our cyber security experts highlight the risks associated with hotel Wi-Fi, hotel TVs, and public charging stations while one is traveling, suggesting listeners adopt a zero-trust perspective in cybersecurity to stay secure. In this episode, our cybersecurity experts explain the most common methods used by hackers to intercept and decrypt network traffic. They also cite actionable tips that anyone can do to mitigate these risks such as using a personal hotspot or a virtual private network (VPN). Other suggestions include using power-only USB cables, carrying a charging bank, or using charging bricks that plug into electrical outlets. The concept of "juice jacking," where hackers modify public charging cables to install malware, is also explained.

In this episode, our cybersecurity experts from The Security Squawk podcast discuss the Dallas ransomware attack and urge increased investment in cybersecurity and better network segmentation. The article notes a rising trend in ransomware attacks in 2023, with a significant increase in claims compared to the previous quarter. Microsoft has implemented a more secure MFA push system, but the automation of hacking processes and finding vulnerable devices remains a concern. The vulnerabilities of churches to cyberattacks, the potential of biometric authentication, and recent news of Google's password-less authentication are also discussed.