Cyberattacks are becoming more sophisticated, targeted, and often undetected. That is whycybersecurity measures are intensely discussed in connection to specific cases and policies in anypart of the globe.According to the New York State Department of Financial Services (NYSDFS) investigation andreport, on July 15, 2020, a 17-year old hacker and his accomplices easily misled Twitter’semployees into disclosing their credentials resulting in a breach of Twitter’s network. Thehackers impersonated politicians, celebrities, entrepreneurs, and several cryptocurrencycompanies by abusing their Twitter accounts to solicit bitcoin payments in a “double yourbitcoin” fraud. The conclusion was that Twitter’s cybersecurity safeguards were inadequate. Inlight of its findings, the NYSDFS insisted on dedicated cybersecurity regulation of large socialmedia companies similar to the NYSDFS cybersecurity regulation for financial servicesorganisations. The explanation is that “|[t]he risks posed by social media to our consumers,economy, and democracy are no less grave than the risks posed by large financial institutions.”Social media and other consumers’ organisations should also review their own practices in lightof the Twitter hack, and take steps to remove the dangers.In October 2020 the European Union Agency for Cybersecurity (ENISA) issued its annualThreat Landscape 2020 publication presenting a summary of the main cyber threats. The insightsare drawn by a tool that has become widely spread for cybersecurity assessments: contextualizedcyber threat intelligence (CTI) based on sectoral incident statistics. One of the main conclusionsis that COVID-19 situation has considerably accelerated cyberattacks. Malicious attackers haveused phishing campaigns and ransomware attacks to obtain sensitive data. By and large, the vastamount of funding related to the Covid-19 pandemic has resulted in increased attacks on socialservices. Educational research programs were increasingly affected by cyber espionage, as amethod to obtain insider information related to Covid-19 research.The report also explores cyberattacks on emerging technologies. While 5G opens upunprecedented opportunities for innovative use across industries, cybe ..
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