Enjoy some great articles about the importance of good cybersecurity policies and how they can mitigate the risk of massive lawsuits. Yahoo was hit with a payout of $80 million in a securities class action settlement this week for data breaches. Brinqa also had a busy week hitting the road to local Texas conferences, be sure to check out our upcoming events!
Yahoo Agrees $80m Securities Class Action Settlement
“Yahoo has agreed to pay $80m to settle a class action suit filed by investors relating to data breaches affecting three billion customers.”
US DHS Slammed for Infosecurity Deficiencies
“The US government agency tasked with securing the nation “could protect its information and systems more fully and effectively,” according to a damning new report.”
Is This The Year of Reckoning for the CISO
“... CISO must drive change in the team they surround themselves with and businesses must play their part supporting and elevating the CISO role. “
Applebee’s Hit by POS Malware
“Software Security Masters are better at handling application development security and show much higher growth than their peers. Here's how to become one.”
“Ocean-boiling is responsible for most of the draconian, nonproductive security policies I've witnessed over the course of my career. Here's why they don't work.”
If you don’t change security policies after a data breach, when will you do it?
“As if it wasn’t already bad enough that many companies are plodding along with inadequate cybersecurity policies, new research suggests that more than half of Australian businesses ...”
Millions of Office 365 Accounts Hit with Password Stealers
“Phishing emails disguised as tax-related alerts aim to trick users into handing attackers their usernames and passwords.”
Brinqa hit the road to several local Texas conferences this week at CS4CA in Houston and BSides Austin!
Make sure to stop by and visit us at SecureWorld Boston next week!
In this webinar we discuss how two innovative technologies, Brinqa and Netsparker work together to create a comprehensive web application security program that helps AppSec programs identify, prioritize, remediate and report the most imminent and impactful vulnerabilities in your organization's software infrastructure.
One of the largest retailers in the world, top 5 medical insurance firm, largest electrical utilities provider, top 5 airline - these are just some of the industry leaders that leverage Brinqa Vulnerability Risk Management solution to secure their critical assets. Join us as we talk to Brinqa solution experts to learn how these cutting-edge cybersecurity organizations tackle the most pressing vulnerability risk problems of today.
What does cybersecurity mean to your business? This might seem like an odd question, but how an enterprise responds to it can say a lot about the culture and practice of cybersecurity within that organization. There are many different ways to ask the same question — Which function does cybersecurity report to within the enterprise? Who are the internal clients of cybersecurity? Does cybersecurity leadership have a voice at the highest levels of corporate decision-making? There are 2 main schools of thought about the role and orientation of cybersecurity within the enterprise. The traditional school places cybersecurity within the Information Technology (IT) function of a business. In this model cybersecurity reports to IT, IT is the internal client for cybersecurity, and the CISO might report up to the CTO or CIO. It’s easy to see why one might make this association. IT and cybersecurity professionals often have similar or adjacent skillsets and overlapping educational and professional backgrounds. Both functions often deal with highly technical, specialized, and complex information and processes. However, the goals and KPIs of IT and cybersecurity are not only unaligned, they are often in direct conflict. The internal clients for IT are other business functions that essentially pay for the various technology assets (applications, servers, cloud instances, etc.) required to keep the enterprise running. IT performance is evaluated by how seamlessly, continuously, and cheaply they are able to deliver their services. IT doesn’t really have visibility into or an understanding of how these assets are being used by the business, what kind of data they process, which critical business functions they support. When cybersecurity comes to IT and tells them that a particular technology asset or part of the IT infrastructure has problems or weaknesses that could be exploited by malicious actors, they have to weigh the benefits — stopping a potential attack that may or may not happen vs. the costs — resources allocated to fix the problem, unhappy internal clients due to technology assets being unavailable during fixing, valuable time spent fixing and validating the issue. This is a hard sell and essentially amounts to self-regulation. A significant percentage of breaches exploit known vulnerabilities and weaknesses within an organization. Looked at from this lens, it's not difficult to see how such problems can go unaddressed. The modern school of thought recognizes Cybersecurity as its own independent vertical within the enterprise — like sales, marketing, HR, or any other function whose purpose is to help the business function and thrive. In this model, cybersecurity has various different business functions as internal clients, and the CISO might have a seat at the C-level table. Cybersecurity informs business stakeholders of the risks they face as a result of the technology infrastructure they utilize. The business stakeholders provide the context necessary for informed risk triage and collaborate with cybersecurity to identify which vulnerabilities or weaknesses pose the biggest threats to the part of business they own. These prioritized risks are then sent to IT for remediation. Cybersecurity provides guidance to IT on how they may remediate or mitigate a particular problem. Since risk remediation or mitigation is being driven by the business stakeholders, IT is incentivized to fix these problems. Risk-based cybersecurity is a methodology for program design that can help organizations put this modern approach into practice. By putting an emphasis on incorporating business context in the risk analysis process and data models, and by ensuring that business stakeholders are involved in the decision chain, risk-based cybersecurity programs provide a shared space where IT, business, and cybersecurity can come together and collaborate.
I'm proud and excited to announce that Brinqa has raised $110 Million in growth capital from leading global venture capital and private equity firm Insight Partners. This is our first institutional investment and represents a significant milestone for the company. Brinqa was bootstrapped and remained founder-backed as we shaped the Cyber Risk Management space, achieved strong organic growth and profitability, and acquired some of the biggest brand names in the world as customers. This new injection of funds combined with Insight Partners' ScaleUp expertise will fuel the next stage of our growth and accelerate ongoing efforts to make Brinqa an essential, unifying component of every enterprise cybersecurity ecosystem. Our mission, values, and objectives as a company remain the same; this partnership will help us achieve them faster and better. We decided to take this step with Insight Partners because of how aligned they are with our vision for Brinqa and the priority of long-term and short-term goals. We firmly believe that Brinqa is an essential platform for all enterprise cybersecurity organizations. As digital transformation proliferates across industries and saturates every aspect of business, the IT infrastructure to enable and the security ecosystem to protect become larger and more complex. Imagine a scenario where hundreds of different teams, systems, and programs — each focused on a task so demanding and technical that it requires specialized skills and tools — work towards the same overarching goal but rarely communicate with each other. Unfortunately, this is often the reality for most cybersecurity organizations. To be effective and a true contributor to business success, it must function as ONE TEAM aligned in purpose, connected in data, and transparent in communication. This is the vision that Brinqa helps our customers achieve. We know that this is possible because we have proven it at some of the world's largest and most complex enterprise IT environments. We are fortunate to count among our customers three out of the five largest retail companies in the world, the largest healthcare providers in the US, and the most prominent global brands in technology, financial services, insurance, healthcare, manufacturing, aviation, and critical infrastructure. This partnership will help us bring this vision to cybersecurity practitioners and organizations everywhere. The capital infusion will be used to accelerate sales and marketing initiatives, enhance customer experience and community building, and strengthen partner and channel ecosystems. I am so thankful to the Brinqa family — our employees, customers, and partners. You are the source of the immeasurable hard work, innovation, creativity, and conviction it has taken to reach this huge milestone, and all credit for this accomplishment goes to you. I am excited as we embark on this next stage of our journey and look forward to achieving greater heights together.
Microsoft Exchange Zero-Day Attackers Spy on U.S. Targets Microsoft has spotted multiple zero-day exploits in the wild being used to attack on-premises versions of Microsoft Exchange Server. Read More Critical Microsoft Defender Bug Actively Exploited; Patch Tuesday Offers 83 Fixes The first Patch Tuesday security bulletin for 2021 from Microsoft includes fixes for one bug under active attack, possibly linked to the massive SolarWinds hacks. Microsoft addressed 10 critical bugs, one under active exploit and another publicly known, in its January Patch Tuesday roundup of fixes. In total it patched 83 vulnerabilities. Read More Critical Cisco SD-WAN Bugs Allow RCE Attacks Cisco is warning of multiple, critical vulnerabilities in its software-defined networking for wide-area networks (SD-WAN) solutions for business users. Read More SonicWall Breach Stems from ‘Probable’ Zero-Days SonicWall is investigating 'probable' zero-day flaws in its remote access security products that have been targeted by 'highly-sophisticated' attackers. The company says it is investigating the attack and will update customers within 24 hours. Read More Cisco DNA Center Bug Opens Enterprises to Remote Attack A cross-site request forgery (CSRF) vulnerability in the Cisco Digital Network Architecture (DNA) Center could open enterprise users to remote attack and takeover. The high-severity security vulnerability (CVE-2021-1257) allows cross-site request forgery (CSRF) attacks. Read More Industrial Gear at Risk from Fuji Code-Execution Bugs Industrial control software (ICS) from Fuji Electric is vulnerable to several high-severity arbitrary code-execution security bugs, according to a federal warning. Authorities are warning the flaws could allow physical attacks on factory and critical-infrastructure equipment. Read More