The World Economic Forum said today that cybersecurity and space are emerging risks to the global economy, adding to existing challenges posed by climate change and the coronavirus pandemic. In its latest Global Risks Report, usually released ahead of the annual Davos gathering of corporate and political leaders, the WEC predicts that the global economy will continue to shrink with richer nations faring better than poorer ones. [node:read-more:link]
The global public and private sectors were urged today by the JPMorgan International Council to collaborate more on countering cyber threats, which one member, former U.S. Secretary of Defense Bob Gates, calls “the most dangerous weapon in the world politically, economically and militarily.” An international corporate panel, the New York-based council has 250 members from 19 countries who convene annually. [node:read-more:link]
Moving into 2022, NATO is investing in investing in new cyber defence capabilities and refreshing policy, building on lessons from recent exercises such as Cyber Coalition 2021 in Estonia. The alliance’s Assistant Secretary-General for Emergency Security Challenges, David van Weel of the Netherlands, says the cost to member states will be up to €1 billion. [node:read-more:link]
The Canada Revenue Agency confirmed Dec. 11 that it has taken down its online services as a precaution against a “security vulnerability affecting organizations around the world” and that “services will be available as soon as possible.” There was no indication that systems had been compromised or that there had been unauthorized access to taxpayers’ information. [node:read-more:link]
NATO Secretary General Jens Stoltenberg says the alliance’s political leaders will endorse its latest Strategic Concept at a summit set for Spain next June. He says it will cover’s NATO’s relationship with China and give more prominence to technology and climate “reaffirming the centrality of the trans-Atlantic bond to our security and defense” during “turbulent times.” [node:read-more:link]
NSO Group of Israel, which has created software designed to break into computers, is being sued by Apple after it was warned about the risk by a University of Toronto laboratory. In a complaint filed in U.S. Federal Court in California, Apple describes NSO as “amoral 21st century mercenaries who have created highly sophisticated cyber-surveillance machinery that invites routine and flagrant abuse.” NSO insists that its Pegasus software was developed for legitimate law enforcement use. [node:read-more:link]
Evolving cyberthreats “with a full range of capabilities” are the target of a new U.S.-U.K. initiative they say will “impose consequences” on common adversaries. The plan was discussed last week at an annual meeting of intelligence chiefs who “reaffirmed” their commitment Nov. 18. [node:read-more:link]
Faced with an uptick in major cyberattacks in the last year or so, the U.S. Department of Homeland Security has announced plans to step up and streamline its recruitment and retention of cybersecurity professionals. [node:read-more:link]
It has been five years since ‘The Three Amigos’ (leaders of Canada, U.S. and Mexico) last held a face-to-face meeting. What should this week's meeting in Washington cover? [node:read-more:link]
Personal information of some 25,000 current and former Toronto Transit Commission employees may have been stolen in a cyberattack last month. “We continue to investigate whether a small number of customers and vendors may also be impacted,” the TTC added in a Nov. 9 statement. [node:read-more:link]
The U.S. is offering a reward of up to $10 million for information leading to the “identification or location” of DarkSide hackers whose ransomware attack shut down a critical fuel pipeline on the east coast last May. A separate $5-million reward has been offered for information leading to the arrest of anybody “conspiring to participate” in any ransomware attack by DarkSide, which is blievdd to be based in Eastern Europe. [node:read-more:link]
U.S. Deputy Attorney General Lisa Monaco says the Justice Department is stepping up its campaign against ransomware and cybercrime through arrests and other actions as the administration responds to what ir considers an urgent economic and national security threat. “If you come for us, we’re going to come for you,” she warned in an interview this week. [node:read-more:link]
Newfoundland and Labrador health authorities are cancelling thousands of non-emergency procedures after a weekend cyberattack on the province’s healthcare systems. Health Minister John Haggie said today that the government has “engaged cyber security experts to help us investigate and resolve and we’ve informed the appropriate authorities.” [node:read-more:link]
Citing “national security” concerns, the U.S. has revoked the licence of China Telecom and told it to stop U.S. services by late December. State Department officials said Chinese government control of the company, which has provided services in the U.S. for 20 years and has customers in 110 countries, gives it an opportunity “to engage in espionage and other harmful activities.” [node:read-more:link]
Microsoft reports that Nobelium, the Russian-based agency behind last year's SolarWinds cyberattack, has targeted hundreds more companies and organizations. The latest wave this summer targetted “resellers and other technology service providers” of cloud data storage services. [node:read-more:link]
