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Former Goldman Sachs CIO, joins fintech start-up Advisory Board illumr removes bias in AI for financial services organisations Damian Sutcliffe, the former EMEA CIO for Goldman Sachs has joined illumr’s advisory board. Damian Sutcliffe Damian retired from a 20-plus year technology career at Goldman Sachs Group Inc., including the last five years as Chief Information Officer for EMEA. Over the course of his career, Damian held a range of senior management roles in London, Tokyo & New York delivering large-scale digital and data transformation initiatives. He is an external advisor at McKinsey and is currently completing a PhD at Cambridge University. Jason Lee, CEO and Co-Founder of illumr comments: “We are thrilled to have Damian join our Advisory Board. His guidance and input will be invaluable in the development of Rosa, illumr’s AI de-biasing solution. “Algorithms affect our daily lives more and more. However, instead of being an objective arbiter, these algorithms...

Episode 3 of What the Hack Is All About Sextortion Web camera on laptop. A laptop camera, concept for big brother, surveillance or internet computer security. Watching people without knowledge. Monitoring system. Equipment for video chat. Privacy. If there’s one thing that Covid-19 proved, it’s that there’s no end to how low threat actors will go to turn a profit. Unemployment fraud spiked , medical research facilities were hacked , phony vaccination cards were sold on the dark web , the list is virtually limitless and the perpetrators utterly shameless. Among the scams that exploded in popularity this year is email sextortion. Chances are good that you’ve seen one of these scams lurking in your spam folder. The gist is that someone allegedly placed malware on your computer and captured footage of you watching porn.  The footage, according to the hacker, will be deleted if you send along a tidy sum of money to a bitcoin account. If the ransom isn’t paid, the scammer t...

Hackers Posed as Aerobics Instructors for Years to Target Aerospace Employees An Iranian cyberespionage group masqueraded as an aerobics instructor on Facebook in an attempt to infect the machine of an employee of an aerospace defense contractor with malware as part of a years-long social engineering and targeted malware campaign. Enterprise security firm Proofpoint attributed the covert operation to a state-aligned threat actor it tracks as TA456, and by the wider cybersecurity community under the monikers Tortoiseshell and Imperial Kitten. “Using the social media persona ‘Marcella Flores,’ TA456 built a relationship across corporate and personal communication platforms with an employee of a small subsidiary of an aerospace defense contractor,” Proofpoint said in a report shared with The Hacker News. “In early June 2021, the threat actor attempted to capitalize on this relationship by sending the target malware via an ongoing email communication chain.” Earlier this month,...

Security breaches where working from home is involved are costlier, claims IBM report • The Register Firms looking to save money by shifting to more flexible ways of working will need to think carefully about IT security and the additional cost of breaches linked to staff working from home. That’s according to the latest annual “Cost of a Data Breach Report” conducted by Ponemon Institute along with IBM Security, which found that the average total cost of a remote-working data breach was more than $1m higher than cyberattacks where remote working wasn’t a factor. The report – based on what it calls “real-world data breaches” from more than 500 organisations across the globe – found that the average cost of a cyber incident is now a record-topping $4.24m. But when analysts looked at organisations where remote working was involved, they found that the average total cost of a data breach was above average – just shy of $5m. Ever since the pandemic took a lead role in 202...

Cyberattacks Zero in Tokyo Olympics as Games Begin – E Hacking News   Malicious malware and websites have targeted both event organizers and regular spectators as the Tokyo Olympics’ opening ceremony approaches.  According to Tokyo-based Mitsui Bussan Secure Directions, this malware was published to the VirusTotal malware-scanning site on 20 July and has been identified by numerous antivirus software companies throughout the world.  A fraudulent PDF file masquerades as a Japanese-language document on cyberattacks associated with the Olympics. When users open it, malware enters their computer and deletes the documents. The dubious PDF was allegedly sent to Japanese event officials by hackers in an effort to erase important Olympics-related data.  Takashi Yoshikawa of MBSD cautioned concerning the “wiper” malware. The so-called Olympic Destroyer virus caused severe system interruptions at the 2018 Winter Games in Pyeongchang, South Korea.  TXT, LOG, and C...

Top 7 Penetration Testing Companies in the USA Top Rated Penetration Testing Companies in the USA: The top-rated list of Penetration Testing Companies is based on companies that offer true penetration testing (pen testing) with remediation planning and does not include the variety of do-it-yourself penetration testing software. Why is Penetration Testing Important Cyber threats have increased dramatically over the last few years, and cybercriminals have easy access tools to breach organizations of any size. Smaller businesses are considered “low hanging fruit” to hackers, but as we’ve seen mid-sized and enterprises are not as equipped as they should be to handle the current threat landscape. One of the most powerful strategies a company of any size can implement is of course penetration testing. Wesecureapp   Wesecureapp is a pioneer service provider in the field of penetration testing companies in the USA, who consistently deliver improved results to their clients, as...