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Cyber Risk Update 9 DEC 2022


Governments do create vulnerable systems

A website run by the Florida Department of Revenue had been exposing the personal data, including Social Security numbers and bank account information, submitted by individuals filing for business tax registrations. https://statescoop.com/florida-revenue-department-website-exposed-confidential-data/

Cyber Risk is constantly and rapidly changing

From vendor evolution to the long-term effects of high-profile attacks, the cybersecurity industry is rapidly evolving. Take a look at our top stories to understand just how much has changed.

https://www.cybersecuritydive.com/news/top-cybersecurity-stories/637952/

Prepare for ransomware attacks on critical infrastructure

Prevention and protection are often the focus of ransomware discussions, but IT teams must understand ransomware's effects on operations and how to react in an attack scenario.

https://www.techtarget.com/searchitoperations/tip/Prepare-for-ransomware-attacks-on-critical-infrastructure

Financial Impact of Compliance

Breach disclosures could impact company credit ratings, says Moody’s. Cybersecurity disclosure and regulations could either spur a positive credit environment or cause unintended consequences if not well managed, according to Moody's Investor Service.

https://www.scmagazine.com/analysis/compliance/breach-disclosures-improve-transparency-but-regulations-add-to-costs

Threat Actor Activities

Physical Threats to Critical Infrastructure

On Saturday evening, an unknown person or group attacked two electric substations in central North Carolina, using firearms to cause substantial damage to equipment that resulted in loss of power to approximately 45,000 customers.

Government Reactions

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