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On November 26, an isolated cybersecurity incident struck Ongoing Operations, a unit of Trellance, impacting the operations of approximately 60 credit unions that are clients of the firm. In response to the incident, the vendor, Ongoing Operations, promptly took action and initiated an investigation. The company also informed federal law enforcement about the cyber attack.

Scammers have devised a sophisticated hotel booking scam by hijacking Booking.com accounts, prompting guests to share their payment card information. Researchers from Secureworks warned that customers received deceptive emails or in-app messages, appearing to be from hotel owners, requesting payment details for upcoming stays.

"Fidelity National Financial Faces Business Disruption Due to Cybersecurity Incident.

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.

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.

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.

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.

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.

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