Threat Intelligence Blog

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Black Arrow Cyber Threat Briefing 17 March 2023

Black Arrow Cyber Threat Briefing 17 March 2023:

-Almost Half of IT Leaders Consider Security as an Afterthought

-Over $10bn Lost To Online Frauds, with Pig Butchering and Investment Scams Accounting for $3B, Overtaking BEC – FBI Report Says

-Over 721 Million Passwords Were Leaked in 2022

-How Much of a Cyber Security Risk are Suppliers?

-90% of £5m+ Businesses Hit by Cyber Attacks

-Rushed Cloud Migrations Result in Escalating Technical Debt

-17 European Nations Targeted by Russia in 2023 as Espionage Ramping Up

-Microsoft Warns of Large-Scale Use of Phishing Kits

-BEC Volumes Double on Phishing Surge

-The Risk of Pasting Confidential Company Data in ChatGPT

-Ransomware Attacks have Entered a New Phase

-MI5 Launches New Agency to Tackle State-Backed Attacks

-Why Cyber Awareness Training is an Ongoing Process

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Cyber Security Must be Owned by the Board - ICAS Magazine February 2023

Often a Finance Director or Chief Financial Officer has responsibility for the biggest risk to the organisation’s survival, when cyber security is nestled within IT in their reporting structure. The risks are high when the FD/CFO does not have the specialist guidance and knowledge in cyber security to lead the Board in exercising strong governance. Our co-founder Bruce McDougall CA and experienced cyber security specialist talks with the editor of CA Magazine from ICAS - The Professional Body of CAs about how fellow finance leaders can help avoid the catastrophic effects of a cyber security incident.

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