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ITMG Insider Threat News August 4, 2022

Spanish Police Arrest Alleged Radioactive Monitoring Hackers

Police in Spain have arrested two people on suspicion of hacking the country’s Radioactivity Alert Network (RAR).

The RAR, operated by Spain’s General Directorate of Civil Protection and Emergencies, is a network of gamma radiation sensors. It monitors parts of Spain – which operates nuclear power plants – for excessive radiation.

The two individuals are former workers for a third-party contractor responsible for maintaining the system, said Spanish police. It accused them of disabling over a third of the sensors in an attack between March and June 2021.

Gigamon Survey Shows One in Three Organizations See Malicious Insiders as Ransomware Route

Gigamon, the leading deep observability company, today launched its first State of Ransomware 2022 and Beyond report aimed at providing insights into how the threatscape is evolving and how the severity of the ‘blame culture’ in cybersecurity is escalating.

According to the global survey of IT and security leaders across the US, EMEA and APAC, nearly one-third of organizations have suffered a ransomware attack enabled by a malicious insider, a threat seen as commonly as the accidental insider (35 percent).

The Artificial Distinction Between Trade Secrets and ‘Confidential Information’

One of the most frustrating questions I get from clients asks “what is the difference between ‘confidential’ and ‘proprietary’ information?” Or, “how do I help employees distinguish between either of those terms and real ‘trade secrets?’” Then there are people, including some judges, who trivialize the importance of some useful business information by saying it doesn’t “rise to the level of a trade secret.” That last one makes no sense these days, as we’ll see shortly. But first let’s identify the source of this nomenclature problem: it’s an outfit you’ve probably never heard of called the American Law Institute.

Reducing Automotive Trade-Secret Litigation Risks

In emerging and highly competitive and technical fields such as electric vehicles and autonomous vehicles, the value of confidential and proprietary information can be very high. So can be the risk of trade-secret misappropriation, especially with a growing number of partnerships between automotive companies and technology companies, the mobility of employees and the remote working environment.

There have been a number of high-profile trade-secret disputes in the automotive industry. Learning about these cases can provide insight as to how to avoid or reduce the risk of trade-secret litigation.

Big Awards Underscore Importance of Bolstering Your Company’s Trade Secrets Protocols

Corporate espionage is as old as the day is long. The modern digital world has made it easier than ever to gain access to sensitive “secret sauce”, such as software, customer and vendor lists, business methods, techniques, formulas and recipes. With a significant shift to a remote working environment and the relative ease of employee portability, protecting and defending confidential information and trade secrets must be at the top of the priority list for any organization.

How Your Organization Can Stay Secure, even in an Ever-Evolving Threat Landscape

Here’s the ugly truth: Businesses have struggled to rise to the cybersecurity challenge they’re faced with today. In fact, the challenge has only steepened as cyberattacks grow more disruptive and the volume of breaches increases. But businesses are looking at their security problem the wrong way.

In 2021, manufacturers worldwide saw more ransomware attacks than any other industry, according to IBM Security X-Force – with victims ranging from steel, chemical, and food manufacturers to pharmaceutical, car manufacturers, and more. Not only did cybercriminals begin chasing kinetic effects – capable of triggering chain reactions across global supply chains – but now virtually every link across these supply chains is raising their prices because of cyberattacks. According to IBM’s 2022 Cost of a Data Breach Report, 60% of breached businesses studied raised the price of their services or products due to the breach they experienced.

This entry was posted on Thursday, August 4th, 2022 at 4:05 pm. Both comments and pings are currently closed.

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