On Thursday, the US division of Industrial and Commercial Bank of China (ICBC) fell victim to a ransomware assault, compelling clients to redirect certain trades. ICBC Financial Services, the US arm of the globe's largest lender, acknowledged the incident on its website, stating it had encountered a ransomware attack causing disruption to specific FS systems.

According to a survey conducted by the digital association Bitkom, Germany is projected to incur €206 billion in losses in 2023 due to theft of IT equipment, data breaches, digital espionage, and industrial espionage.

Source: ITCPEacademy.org

Numerous global businesses may have experienced the repercussions of the MoveIt breach, a cyber attack on a third-party data-transfer provider. This breach has potentially exposed the private and sensitive information of millions of individuals, particularly in the United States. It is important for both businesses and individuals to understand the details of the hack and take appropriate measures in response.

Source: Cyber Monks

Cyber Monks, a well-established managed security services distributor, has joined forces with Mastercard to launch the first cyber marketplace aiming to simplify the acquisition of cybersecurity solutions, ensuring that they are tailored to address the unique challenges faced by small and medium-sized enterprises.

The Securities and Exchange Commission (SEC) has introduced a groundbreaking cybersecurity measure that represents an extensive endeavor by the United States government to enforce cybersecurity protocols.

HSBC Collaborates with BT and Toshiba for Quantum-Secured Metro Network, Enhancing Cybersecurity Measures.

Source: ISACA

Schaumburg, IL, USA—New cybersecurity data hones in on where cybersecurity pros come up short, with soft skills, cloud computing, and security controls emerging as the biggest skills gaps in today’s cybersecurity professionals, according to ISACA’s annual research report, State of Cybersecurity 2023, Global Update on Workforce Efforts, Resources and Cyberoperations.

Source: Money.co.uk

New figures released in the updated 2023 Fraud Report from the credit card experts at money.co.uk, which analyses police figures to reveal where in the UK has seen the biggest rise in fraud and cyber crime, show that reports of fraudulent attacks have increased yet again.

The US Department of State has announced a reward of $10 million for information that connects individuals affiliated with a group associated with Clop ransomware to a foreign government. The department shared this news through its Rewards for Justice initiative, which was established in 1984 to enhance national security by encouraging the reporting of details related to terrorism, cyber threats, North Korean activities, and election interference.

The Association of Banks in Singapore (ABS) has recently revealed that major retail banks in Singapore have bolstered their security protocols to address the growing complexity of cyber threats.

Source: Securities and Exchange Commission

The Securities and Exchange Commission today adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance.

Hospital chain CommonSpirit has revised its assessment of the financial impact caused by a ransomware incident that occurred last autumn and disrupted patient services at some of its facilities for an extended period. The estimated cost of the incident is now believed to be around $160 million, an increase of $10 million from the previous estimate released in February.