CDK hack shows SEC disclosure standards are unsettled

The early application of the regulatory agency’s new cybersecurity reporting rules reveal that materiality is in the eye of the beholder.

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Tim Maurer takes front office DHS cybersecurity job advising Mayorkas

Tim Maurer, director of the Cyber Policy Initiative at the Carnegie Endowment for International Peace, is joining the Department of Homeland Security as a senior political appointee in the role of senior counselor for cybersecurity to Secretary Alejandro Mayorkas, two sources familiar with the move told CyberScoop. It’s a job title that a number of cybersecurity luminaries to pass through the department have held over the years, including the current acting director of DHS’s Cybersecurity and Infrastructure Agency, Brandon Wales, former CISA Director Chris Krebs and CISA’s former assistant secretary for cybersecurity, Jeanette Manfra. According to his Carnegie bio, Maurer “works on the geopolitical implications of the Internet and cybersecurity, with a focus on the global financial system, influence operations, and other areas of importance as actors exploit the gray space between war and peace.” He also was a senior fellow at Carnegie’s Technology and International Affairs program. He recently […]

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Financial system not keeping up with cyberthreats, new report says

Four years after the biggest bank hack ever, the global financial system remains vulnerable to cyberattacks that could cause severe disruptions, according to a report Wednesday that draws advice from government officials, the financial industry and other experts. The assessment from the Carnegie Endowment for International Peace and the Word Economic Forum is the culmination of years of work, with touchstones ranging from the 2016 Bangladesh Bank heist where hackers made off with $81 million to a recent Chilean bank ransomware attack that shut down all of its branches. “Our big concern is that if you look at what’s happened during the pandemic, but even before with the escalating threat that’s targeting the financial system from the Bangladesh incident to the Chile outage back in September, we’re clearly not keeping up with the threat and how quickly it’s evolving,” said Tim Maurer, director of Carnegie’s Cyber Policy Initiative. “The government and industry need […]

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Report: Use of AI surveillance is growing around the world

It’s not just China: at least 75 out of 176 countries globally are actively using AI technologies for surveillance purposes, research shows. Continue reading Report: Use of AI surveillance is growing around the world