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Cyber Safety Review Board Under Senate Microscope
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Hello. Remember the Cyber Safety Review Board?
In February 2022, the Biden administration created a panel of senior officials and private-sector experts to investigate major national cybersecurity failures. It is loosely modeled on the National Transportation Safety Board, which investigates plane crashes and train derailments.
The cyber board's first probe, in July 2022, was of the widespread Log4j hack. A year later, it published its second investigation, on the Lapsus$ hacker group.
Now, lawmakers are wondering how the board is doing. The U.S. Senate's committee on homeland security and governmental affairs plans a hearing Wednesday, on the "expectations, outcomes and enduring questions" related to the board. Tune in here at 10:00 a.m. ET.
More news:
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Southwest wins cyber insurance appeal
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OpenAI works with Defense Department on cyber tools
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Shein faces new IPO hitch: China’s cybersecurity police
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Auto executives worry about supply-chain hacks
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Material impact at First American Financial
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Palo Alto Networks CEO takes the corporate jet to avoid cyber threats
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CONTENT FROM: Netscout
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Shifts in DDoS Tactics Necessitate Automated DDoS Protection
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PHOTO: FREDERIC J. BROWN/AGENCE FRANCE-PRESSE/GETTY IMAGES
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Southwest Airlines can claim losses under a cyber insurance policy for damages from technology outages in 2016, a federal appeals court in Texas ruled Tuesday. The airline sued Liberty Insurance Underwriters in 2019 after the insurer denied the claim, saying about $35 million of the $77 million in costs that Southwest claimed were “discretionary,” related to marketing and customer loyalty, and therefore excluded.
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A lower court in 2022 ruled in favor of Liberty. Southwest appealed. The outages, which Southwest said resulted from a router failure and not a hack, disrupted 2,300 flights over four days.
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Hezbollah, a militant group supported by Iran, has launched cyberattacks against Israel in the ongoing conflict with Hamas, said Dorit Dor, chief technology officer of cybersecurity company Check Point Software Technologies. Check Point, based in Tel Aviv, is monitoring online activity and critical infrastructure in the region. (Bloomberg)
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OpenAI is collaborating with the U.S. Department of Defense on cybersecurity tools, said Anna Makanju, the company's vice president of global affairs, speaking at the World Economic Forum in Davos. OpenAI, maker of the ChatGPT generative AI bot, bans the use of its technology to build weapons or to destroy people or property. (Bloomberg)
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China’s internet regulator is scrutinizing Shein’s data handling and sharing practices for potential national security risks as the fast-fashion company seeks Beijing’s blessing for its planned initial public offering. The Cyberspace Administration of China is looking into the ways Shein handles information on its staff, suppliers and partners in China, as well as whether the company can effectively protect such data from leaking to overseas parties, people familiar with the matter said. (WSJ)
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64%
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C-suite leaders in the auto sector who said the automotive supply chain is vulnerable to cyberattack, according to a poll of 200 such executives by cyber company Kaspersky Lab. Infotainment and connectivity tech, along with internal systems such as transmissions and electrical components, bring the biggest risks, they said.
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PHOTO: DAVID GRAY/REUTERS
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Title insurance company First American Financial said it expects a material financial impact in its most recent quarter from a December cyberattack that disrupted operations. Some fourth-quarter 2023 transactions were delayed and some business was lost to competitors, the company said Friday in an 8-K filing to the Securities and Exchange Commission.
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PHOTO: DAVID PAUL MORRIS/BLOOMBERG
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Perks: Palo Alto Networks began subsidizing personal flights for CEO Nikesh Arora in the year ended July 2022, spending about $650,000. That total rose to $1.8 million in its most recent fiscal year, plus a further $286,000 to cover his tax bill for the perk, the cybersecurity company said in a regulatory filing.
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Palo Alto Networks said in filings that its board requires Arora to fly corporate in response to a security consultant’s report. “There was a bona fide, business-related security concern for Mr. Arora and credible threat actors existed with both the willingness and resources necessary for conducting an attack on Mr. Arora,” it said. (WSJ)
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Acquired: Application-development security company Snyk said Tuesday it bought startup Helios. The companies didn't disclose terms of the deal.
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Selim Aissi joined health-savings account administrator HealthEquity as chief security officer. Aissi was most recently chief information security officer at payments company Blackhawk Network Holdings for nearly two years, ending in October 2023. He has also held senior cybersecurity positions at Ellie Mae, Visa and Intel.
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