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Weekly INK

Each week we compile an advisory on the latest threats, trends and newsworthy topics from the cyber security industry affecting small and medium enterprises. Join our subscribers below and help us prevent cybersecurity breaches.

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Issue #17 - October 24, 2022

US CISA Official: 'Forcefully Nudge' Users to Adopt MFA

Source: Data Breach Today

MFA Is the Internet Equivalent of Seat Belts in Cars, Jen Easterly Tells Conference. The time for customer coddling over multifactor authentication must end, top U.S. government cybersecurity officials told an industry audience.




Mango Markets Set to Pay $47M Bug Bounty to Hacker

Source: Data Breach Today

96% of Voting Tokens Favor Deal; Mango Markets Will Not Pursue Criminal Charges. Decentralized finance exchange Mango Markets is set to pay $47 million as a bug bounty to the hacker who stole $117 million in digital assets on Wednesday. Mango Markets is a trading platform riding on the Solana blockchain. The platform halted operations to cease all deposits and withdrawals to limit the impact of the attack.




Why Phishing-Resistant MFA Is on US Government Fast Track

Source: Info Risk Today

Stopping Cyberattacks by Moving Away From Password-Based Authentication. In today’s political climate, it's hard for the politicians to come to a consensus, but representatives on both sides of the aisle agree that the government isn't prepared for cyberattacks.




New York fines EyeMed $4.5 million for 2020 email hack, data breach

Source: SC Media

The state of New York has slapped EyeMed Vision Care with yet another fine over its massive 2020 email hack and healthcare data breach. This time the vision benefits company will pay a $4.5 million penalty for multiple security violations that “contributed to” the data exposure.




Proof of Concept: California's First Consumer Privacy Fine

Source: Data Breach Today

In the latest "Proof of Concept," Lisa Sotto of Hunton Andrews Kurth LLP and former CISO David Pollino of PNC Bank, join editors at Information Security Media Group to discuss the California attorney general's first CCPA fine, how enterprises can better protect themselves against the latest tactics employed by ransomware gangs, and how businesses and consumers can mitigate the increasing number of scams targeting users of the Zelle peer-to-peer app.



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