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FTX Collapse Highlights the Cybersecurity Risks of Crypto

eSecurity Planet

On November 11, he took the helm at FTX, a massive crypto platform, which has plunged into insolvency. His Chapter 11 filing reads more like a Netflix script. One of the first high-profile hacks occurred in February 2014 with the Mt Gox exchange. Also read : The Link Between Ransomware and Cryptocurrency.

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City of Knoxville shuts down IT network after ransomware attack

Security Affairs

A ransomware attack that targeted the offices of the City of Knoxville, Tennessee, forced to shut down its entire computer network. The city of Knoxville, Tennessee, has shut down its computer network following a ransomware attack. Government (@KnoxGov) June 11, 2020. ” reported WVLT. . ” reported WVLT.

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DHS CISA orders federal agencies to fix Zerologon flaw by Monday

Security Affairs

Administrators of enterprise Windows Servers have to install the August 2020 Patch Tuesday to mitigate “unacceptable risk” posed by the flaw to federal networks. “CISA has determined that this vulnerability poses an unacceptable risk to the Federal Civilian Executive Branch and requires an immediate and emergency action.”

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Australian Privacy Regulator Sues in Data Breach Case

Hunton Privacy

The case is significant because: (1) it is only the second time that the Australian regulator has brought court proceedings of this kind despite having the power to do so since 2014; and (2) it signals the regulator’s priority in ensuring that cybersecurity incidents are responded to swiftly. Collateral Issues Cyber risks in M&A.

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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

The SEC is considering enhancing its disclosure rules concerning cybersecurity risk governance and has indicated a target release date of October 2021. enable companies to identify cybersecurity risks and incidents. evaluate the significance associated with such risks and incidents.

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These hackers have breached FBI-affiliated websites and leaked data online

Security Affairs

When asked if the hackers were worried that the leakage of the files poses a serious risk to federal agents and law enforcement, they said: “Probably, yes,”. Yesterday I wrote an article to announce the availability of a decryptor for the CryptoPokemon ransomware that was developed by EMSISOFT. ” states TechCrunch.

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A flaw in Microsoft OAuth authentication could lead Azure account takeover

Security Affairs

.” reads the analysis published by CyberArk “By doing nothing more than clicking or visiting a website, the victim can experience the theft of sensitive data, compromised production servers, lost data, manipulation of data, encryption of all the organization’s data with ransomware and more.”. “While OAuth 2.0