The IT Governance Weekly Round-Up
In this week’s round-up, we ask exactly what the Clarion Housing Group is doing to tackle a cyber attack it suffered in June which has left residents still without essential services. We also consider how the rapid rise in inflation is affecting organisations’ ability to address their cyber security requirements, plus we look at the latest industry news. The headlines this week include T-Mobile’s massive settlement following its 2021 cyber attack and a €1.1 million (￡920,000) fine for Volkswagen after it breached the GDPR.
Clarion Housing Group Residents Beg Government to Step in After Cyber Attack
It’s been more than a month since the Clarion Housing Group was hit by a cyber attack, yet IT services remain down and residents say they are being bombarded with phishing scams.?Clarion, which manages 350,000 people in 125,000 homes across the UK, was compromised in June in a suspected malware attack. The housing association said that the incident affected phone lines and other IT systems, and advised residents not to contact Clarion by phone unless they needed an emergency repair.
Organisations Must Invest in Cyber Defences Before It’s Too Late
We’ve all been feeling the effects of inflation recently, and many organisations will be looking for ways to cut costs. For better or worse, the most likely targets will be parts of the business that don’t contribute to a direct return on investment. However, before you start slashing budgets, you should consider the full effects of your decisions. Take cyber security for example. It’s already notoriously underfunded, with IT teams and other decision makers being forced to make do with limited resources.
IT Governance Podcast Episode 4: Ransomware advice, MFA phishing and The Art of Cyber Security
In our latest episode, we discuss NCSC and ICO advice to the legal profession, a new phishing campaign that bypasses multifactor authentication, and the huge increase in the number of ransomware and phishing attacks this year. Plus, we talk to Gary Hibberd about his new book, The Art of Cyber Security.
T-Mobile agrees to $500M settlement for 2021 cyberattack
T-Mobile agreed to pay $500 million to settle a class-action lawsuit stemming from a 2021 cyberattack that exposed personal data on?at least 76.6 million people.
GDPR Violation: Volkswagen has to pay a fine of 1.1 million euros
The Wolfsburg-based carmaker has to pay a fine of 1.1 million?Euros?because the group and a service provider used in the VW test vehicle did not take data protection very seriously and used surveillance cameras without the necessary identification.?
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Uber admits covering up massive 2016 data breach in settlement with US prosecutors
Uber admitted to covering up a?massive cybersecurity attack that took place in October 2016, exposing the confidential data of 57 million customers and drivers, as part of a settlement with the US Department of Justice to avoid criminal prosecution
IBM Report: Consumers Pay the Price as Data Breach Costs Reach All-Time High
Security today released the annual?Cost of a Data Breach Report,?revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of?$4.35 million?for studied organizations.
Free download: Assured Security – Getting cyber secure with penetration testing
Information is the lifeblood of the modern business, so ensuring the security of that information should be a key goal for all organisations.
To achieve that, business leaders must implement the right solutions to protect their assets from cyber threats.?Unfortunately for organisations, cyber attacks are extraordinarily cheap to conduct, which puts attackers at a significant advantage. Furthermore, the low costs make even the smallest business a potential target; there is no ‘security through anonymity’.
Luckily, to combat this, cyber security specialists have developed affordable, targeted methods of preventing such attacks from being successful.