Cybersecurity & Money

📌CISA’s Mayday Call: CISA, along with other federal agencies and counterparts in Canada and the UK, issued a five-page warning on May 1, 2024, to water treatment operators in North America and Europe. Apparently, they needed to be told (again) that their systems are under attack… and again Russia is to blame 📌Rudimentary Attack Techniques: These hacktivists aren’t even using sophisticated methods. They’re exploiting outdated remote access software to mess with human-machine interfaces (HMIs) and industrial control systems (ICSs)...

The article «What to Look for in Cyber Insurance Coverage» is a delightful read that essentially tells you to buy insurance that covers everything under the sun, while also reminding you that it probably won’t cover the one thing you actually need when the time comes. Because, of course, navigating the labyrinth of exclusions and fine print is half the fun of dealing with cyber threats. 📌Coverage Scope: Ensure the policy covers a wide range of cyber incidents, including data breaches, ransomware attacks, and business email compromise (BEC)...

The joys of being a multinational corporation with deep pockets and a knack for dodging accountability. Boeing, the esteemed aircraft manufacturer, has once again found itself in the midst of a safety crisis, and we’re not surprised. After all, who needs to worry about a few hundred lives lost when there are profits to be made and shareholders to appease? According to The New York Times, the US Department of Justice is considering a deferred prosecution agreement with Boeing, which would allow the...

Today, we celebrate the EU's latest triumph in the fight against cybercrime: adding six people to a sanctions list. Yes, you read that right – six whole people. The scourge of cyber-attacks must be shaking in its digital boots. In a bold move, the EU has decided to freeze the assets of these six individuals and ban them from traveling to the EU. Oh, the horror No more sipping espresso in Paris or strolling along the canals of Amsterdam for these cyber warriors. The EU has truly outdone itself this time...

The U.S. Air Force has outlined its strategic vision for 2025, emphasizing an increase in flying operations and a move towards a more streamlined, “flat” workforce structure. This vision is part of its budget request for Fiscal Year 2025, where the Air Force is seeking $217.5 billion in funding. This request represents a significant investment in the future capabilities and readiness of the Air Force, aiming to adapt to the rapidly evolving nature of global threats and technological advancements...

Oh, the EU is in full panic mode again, trying to shield its precious democracy from the big bad wolves of foreign interference. Let’s break down their melodramatic efforts, shall we? The Looming Threat Apparently, the next European elections are a «defining moment» for EU future. The EU is quaking in its boots over the possibility of foreign actors, especially Russia, meddling in the democratic process. The narrative is that these foreign entities are hell-bent on making Europe fail. How dramatic!...