Cyber Markets Round-up: Week 34, August '23: The lasting impact and ongoing struggle of data breaches

Cyber Markets Round-up: Week 34, August '23: The lasting impact and ongoing struggle of data breaches

Stock data as of the market close, cryptocurrency data as of 4:00 AM ET.

Plurilock's Second Quarter Fiscal 2023 Earnings

?? Plurilock Security Inc. and related subsidiaries, an AI-driven cybersecurity solutions provider for workforces, is pleased to announce that it will file its financial results for the three and six months ended June 30, 2023, on Tuesday, August 29, 2023. In addition, the management team of Plurilock will host an earnings call to discuss the Company’s second quarter Fiscal 2023 financial results and growth outlook for 2023 at 11:30 AM EST / 8:30 AM PST on the same day.

See the full press release below:

Did you miss?Cyber Markets Roundup's last edition?

Top U.S. cyber official offers 'stark warning' of potential attacks on infrastructure if tensions with China escalate from NBC News

Speaking at a panel at the Def Con hacker conference in Las Vegas, Jen Easterly, the director of the U.S. Cybersecurity and Infrastructure Agency, said, “I hope that people are taking seriously a pretty stark warning about the potential for China to use their very formidable capabilities in the event of a conflict in the Taiwan straits to go after our critical infrastructure.”

Such attacks would reflect a significant pivot from the type of cyber activity historically attributed to China, which for years has consisted mainly of a barrage of espionage and theft of data but not destructive attacks designed to harm systems.

In its most recent Annual Threat Assessment, published in February, the national intelligence director’s office said, "China almost certainly is capable of launching cyber attacks that could disrupt critical infrastructure services within the United States, including against oil and gas pipelines, and rail systems.”

Personal information 'likely stolen' in Kings County cyberattack from CBC Canada

An Annapolis Valley, N.S., municipality is working to get systems back to normal after a cybersecurity incident in July may have affected hundreds of people's personal information.

Staff at the Municipality of the County of Kings said they brought in experts to go over what happened July 10-11, and now believe the initial attack happened through exploiting a software vulnerability on one of their servers.

The municipality said anyone who believes they've been the victim of identity theft, or their information has been misused in a fraudulent manner, should call the RCMP. People can also look into credit monitoring and identity theft protection services, and monitor their financial statements.

Is artificial intelligence a cybersecurity ally or menace? from Healthcare IT News

Artificial intelligence continues to push cybersecurity into an unprecedented era as it offers benefits and at the same time drawbacks by assisting both aggressors and protectors.

Cybercriminals are using AI to launch more sophisticated and unique attacks at a wider scale. And cybersecurity teams are using the same technology to protect their systems and data.

4 Million Impacted in Colorado Department of Health Care IBM MOVEit Data Breach from CPO Magazine

Colorado Department of Health Care Policy & Financing (HCPF) has suffered a MOVEit data breach impacting 4 million individuals. HCPF oversees Health First Colorado (Medicaid), Child Health Plan Plus (CHP+), and other state healthcare programs.

The state agency said the breach stemmed from its technology partner IBM which utilized Progress Software’s MOVEit managed file transfer application impacted by the May 31, 2023, zero-day vulnerability CVE-2023-34362.

After discovering it was impacted by the MOVEit incident, HCPF responded by launching an investigation into whether threat actors accessed Health First Colorado or CHP+ members’ protected health information.

If you enjoyed this edition of the Cyber Markets Roundup, we are inviting you to connect with us on?Susbtack?for free and let us build a community of like-minded individuals who are interested in cybersecurity, stocks, and financial markets.


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