CYBER THIS WEEK – JULY 28,2024

Are deepfake fraud risks overhyped? Where enterprises are exposed

Deepfakes are the shiny new toy for fraudsters. As deepfakes enter the cybersecurity and fraud prevention conversation, outsized hype has been placed on their risks. It’s important that leaders do not overlook BEC attacks, as they are a critically vulnerable entry point for fraudsters to swipe millions. 

Are deepfake fraud risks overhyped? Where enterprises are exposed | Security Magazine

How cyber insurance coverage is evolving

Cyber insurance coverage can help raise security baselines across businesses, but organizations that have standalone policies are the exception to the rule

How cyber insurance coverage is evolving | Cybersecurity Dive

What CISOs can do to bridge their cyber talent gap

The talent gap’s strain on the workforce is very concerning. As noted by the World Economic Forum, 71% of organizations have vacancies for cybersecurity roles. Worse, thanks to this gap, existing cyber staff have to do more than one person’s job.  

What CISOs can do to bridge their cyber talent gap | CSO Online

Global IT outage: The cyber resilience alarm heard around the world

The incident, which affected 8.5 million Microsoft Windows devices, led to widespread disruptions of airlines, banks, broadcasters, healthcare providers, retail payment terminals and cash machines globally. The cost of the outage is estimated to top $1 billion.

Global IT outage: A cyber alarm heard around the world | World Economic Forum (weforum.org)

9 Ways CISOs Can Stay Ahead of Bad Actors

Security leaders are expected to defend their organizations against existing and emerging threats. Here are some tactics they can use to crack down on the enemy.

9 Ways CISOs Can Stay Ahead of Bad Actors (informationweek.com)

ECB finds ‘shortcomings’ in banks’ ability to cope with cyber attacks

The European Central Bank has called on lenders to improve their capacity to respond and recover from a major cyber attack, in its first test of the financial sector’s vulnerability to the rising threat from hackers.

ECB finds ‘shortcomings’ in banks’ ability to cope with cyber attacks (ft.com)

Cyber crisis? How good PR can save your brand

Cyber attacks and data breaches can happen to anybody and often bring reputational damage and a loss of customer trust. How organisations publicly respond to such incidents can make or break them, and the importance of a good PR strategy cannot be underestimated

Cyber crisis? How good PR can save your brand | Computer Weekly

Wanted: An SBOM Standard to Rule Them All

A unified standard is essential for realizing the full potential of SBOMs in enhancing software supply chain security.

Wanted: An SBOM Standard to Rule Them All (darkreading.com)

SASE and zero-trust: a match made in security heaven

In this age of distributed workforces using a mix of clouds and remote access, SASE and zero-trust offer a uniquely unified path to safer, simpler security. Instead of just building walls at the network edge, you can embed protection into how your users access data across edges, clouds, and data centers.

SASE and zero-trust: a match made in security heaven (interestingengineering.com)

The evolving role of security and IT in DR and incident response

When an incident is reported, there’s often a lack of clarity re whether the incident falls in IT territory or security territory. To address this ambiguity, there must be a coordinated and efficient response.

The evolving role of security and IT in DR and incident response | CIO