Cybersecurity

• [New] Recent cybersecurity threats including SolarWinds, one of the largest supply chain attacks in recent history, and the Kaseya cyberattack impacting 1,500 global organizations, have put a spotlight on current cyber threats and existing vulnerabilities. / IBM News Room
• [New] The lack of adequate security features in critical electrical grid equipment - including high-power transformers - that's made in other nations poses a serious U.S. cybersecurity threat. / Bank Info Security
• [New] Amid the surge in commercial rocket launches and a recent spike in ransomware attacks, cyberattacks aimed at space systems could disrupt internet access, interfere with the Global Positioning Satellite (GPS) system, and even turn satellites into weapons. / Vox
• [New] The average cost of a data breach in Canada hit a record high last year as companies grappled with new cybersecurity risks during the COVID-19 pandemic. / The Globe and Mail
• [New] One only needs to look at the massive ransomware attack at the Colonial Pipeline, considered to be one of the most disruptive infrastructural hacks in U.S. history, to see how ransomware threats can be. / Financial Post
• [New] In 2021, we will see an increase in demand for Artificial intelligence in cybersecurity to protect understaffed and under-resourced security teams from cyber threats. / The Tech Bizz - Digital Technology
• [New] Saturday will mark a year since Donald Trump said he would ban the wildly popular and annoyingly addictive short-video app TikTok from millions of US smartphones, citing threats to users' privacy and security posed by its Chinese ownership. / Wired
• [New] There is no reason to think MIIT's new policy will not play a similar role in collecting software vulnerabilities that support China's espionage. / The Hill
• [New] In the United States, federal and state governments are addressing cyber threats and creating new laws and regulations focused on various industries. / Automation.com
• [New] Legislation that would give the Department of Energy more authority to coordinate responses to cybersecurity threats to fuel pipelines and natural gas has also been introduced. / Cyberscoop
• [New] The more that other governments enact privacy laws, the greater the risk that US firms will face regulatory challenges and public distrust around the world. / Wired
• [New] Risks concerning data privacy: The Advisory states that under the HK NSL, Hong Kong authorities, as well as certain Chinese government agencies in Hong Kong, can collect data from businesses or individuals in Hong Kong related to any action that might violate national security. / 62
• [New] Spurred on by the threat of hacks and data breaches, the global cybersecurity market is expected to grow from $152 billion in 2018 to $250 billion by 2023. / VentureBeat
• [New] The wave of new rules poses compliance challenges for industry and could slow the growth of the digital economy. / WSJ
• The proposed Telecommunications Business Act will put users who purchase digital goods from other sources at risk of fraud, undermine their privacy protections, make it difficult to manage their purchases, and features like 'Ask to Buy' and 'Parental Controls will become less effective. / Korea JoongAng Daily
• The Microsoft Exchange server hack that the U.S. just attributed to China could become an even more common and dangerous occurrence with the announcement of China's new rules for software vulnerabilities. / The Hill
• As jurisdictions around the world continue to evolve regulations related to financial services, such as privacy rules and open banking regimes, RegTech is only expected to become more important. / FinTech Global
• In a statement Vodafone said that it is going to utilize its knowledge in Big Data, AI and cybersecurity to accelerate the digital transformation of companies in Galicia. / Geospatial World
• China plans to step up the development of data security products and services, as part of a broader push to cultivate its cybersecurity industry into a 250 billion yuan ($38.6 billion) sector by 2023. / China.org
• The U.S. and several allies accused China of hiring hackers that exploited a vulnerability in Microsoft Exchange Server earlier in 2021 that enabled worldwide ransomware attacks on tens of thousands of victims. / Cyberscoop
• The National Security Agency, Cybersecurity and Infrastructure Security Agency, and Federal Bureau of Investigation assess that People's Republic of China state-sponsored malicious cyber activity is a major threat to U.S. and Allied cyberspace assets. / CISA

Last updated: 01 August 2021