The latest episode of the Cyber Hub Podcast, aired on November 16, 2023, delved into a variety of pressing cybersecurity topics. The host, James Azar, began by discussing the Thanksgiving holiday in the U.S. and quickly moved on to the main content.
A significant portion of the episode focused on the Alpha Five or Black Cat ransomware operations. These groups have adopted a novel extortion method by filing a complaint with the Securities and Exchange Commission (SEC) against Meridian Link, a software company they breached. Meridian Link failed to disclose the cyber attack within the SEC's mandated four-day period, prompting the ransomware group to take this unusual step. Azar likened this to a burglar reporting a victim to the police for not buying back stolen property, highlighting the absurdity of the situation.
Azar also discussed financial impacts of cybersecurity incidents, citing Rackspace's escalating costs following a breach. He provided insights into how companies can leverage such incidents in financial reporting and negotiations with cyber insurance providers.
The episode covered a range of other cyber incidents and topics:
1. A breach at Perry Johnson and Associates exposed personal information of nearly 9 million patients.
2. Samsung's UK store customers were impacted by a breach affecting personal but not financial data.
3. Citrix released a hotfix for a new Intel CPU flaw.
4. NSA official Rob Joyce's remarks at the Aspen Cyber Summit about cyber threats facing Israel, particularly from Iran and hacktivists.
5. The U.S. administration's controversial decision to provide financial access to Iran.
6. Russia's alleged involvement in a cyber attack on Danish critical infrastructure.
The episode concluded with a reminder about the upcoming Thanksgiving holiday schedule and a preview of the next episode featuring Jeff Reich from the IDSA. Azar thanked his audience and emphasized the importance of staying cyber safe.
Story Links:
https://www.darkreading.com/operations/rackspace-ransomware-costs-soar-12-million
https://thehackernews.com/2023/11/cisa-and-fbi-issue-warning-about.html
https://therecord.media/nsa-rob-joyce-israel-faces-enormous-cyber-pressure-hacktivists-iran
https://thehackernews.com/2023/11/russian-hackers-launch-largest-ever.html
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