In This Issue:
Cybersecurity Concerns for Board Directors Amid New EU Directives
New EU directives emphasise that cybersecurity is now integral to business strategy. Recently, the EU and NATO condemned cyberattacks on Germany, attributing them to Russian group Fancy Bear. A separate breach at the EU’s Luxembourg facility highlighted ongoing vulnerabilities. Chief diplomat Josep Borrell criticised Russia’s cyber actions, targeting EU institutions and infrastructure. NATO called for Russia’s adherence to international obligations. The Irish Government is fast-tracking the EU’s NIS 2 directive, focusing on healthcare, manufacturing, and digital sectors, with compliance required by October. Businesses must report cyber incidents within 24 hours, manage risks proactively, and ensure supply chain security. Board directors are ultimately accountable for implementing these measures, with significant fines for non-compliance.
To ensure your board is prepared, explore HLB Ireland's Directors Cyber Training service for comprehensive guidance and support.
Source: https://www.irishexaminer.com/business/companies/arid-41393401.html
HP Unveils Cat-Phishing Tactics
HP has uncovered a new cyber threat targeting users through cat-phishing tactics. Cybercriminals are leveraging fake profiles and social engineering techniques to trick users into downloading malware or revealing sensitive information. At least 12% of email threats identified by HP Sure Click bypassed one or more email gateway scanners. The top threat vectors in Q1 were email attachments (53%), downloads from browsers (25%), and other infection vectors, such as removable storage (22%). HP's vigilance and advanced security measures have been crucial in identifying and mitigating these threats, emphasising the need for continuous awareness and robust cybersecurity practices.
Source: https://irishtechnews.ie/hp-catches-cybercriminals-cat-phishing-users/
Ireland Successfully Takes Part in Locked Shields 2024 exercise with South Korea
Ireland is participating in the annual Locked Shields cybersecurity training exercise to enhance its defence capabilities for national IT systems and critical infrastructure. Nearly 200 experts from Ireland and South Korea are involved in this week-long event, which tests their ability to protect cyber systems in real time. The National Cyber Security Centre (NCSC), supported by the Irish Defence Forces, private tech companies, and academics, represents Ireland. The exercise includes over 5,500 virtualised systems subjected to more than 8,000 attacks, emphasising collaboration across public, private, and international sectors.
April 2024: 24 Million Records Breached Across Europe
In April 2024, Europe saw a decrease in data breaches and records breached compared to March, with 24 million known records breached. However, global figures showed a significant 1,683% rise in breached records (5 billion). Europe’s largest breach involved 5.3 million records from World-Check, a screening database, while SurveyLama had over 4.4 million accounts compromised. France, Germany and the UK had the most cyber incidents this month. Top sectors breached were technology, healthcare, and education. Despite fewer incidents, the need for robust cybersecurity measures remains critical.
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Interested in how HLB can fortify your business against cyber threats? Explore our Cyber Security Solutions on our website.
