NCC Group Monthly Threat Pulse - June 2023
Ransomware attacks continue to hit record levels with 434 attacks in June 2023, a 221% increase on the same period last year • Threat actor Clop claims 90 victims in June, following exploitation of MOVEit vulnerability • Industrials (33%), Consumer Cyclicals (12%) and Technology (9%) most targeted sectors • North America (51%) most targeted region, followed by Europe (27%) and Asia (9%)
News reaction: The European Commission adopts EU-US Trans-Atlantic Data Privacy Framework
This week, The European Commission adopted its adequacy decision for the EU-U.S. Data Privacy Framework, here, Global Privacy Services practice lead, Stephen Bailey, comments.
NCC Group welcomes new Chief Technology Officer, Siân John
Joining from Microsoft and with 25 years of cyber security experience across strategy, business risk, privacy, and technology, Siân will drive innovation, insights and intelligence at NCC Group.
News reaction: Threat group BlackCat claims attack on Barts NHS Trust
As threat group BlackCat comes forward to claim the recent cyber-attack on Barts NHS Trust, we look at the Group’s activity over the past year, including their recent surge of attacks within the healthcare industry.
News reaction: Promoting a secure and resilient digital pound
Last week marked the closure of the Bank of England’s digital pound consultation. Here, Deputy Director of Commercial Research, Jon Renshaw, comments on the key points from NCC Group’s submission to the consultation, including our thoughts on wider central bank digital currency (CBDC) technology.
News reaction: UK AI regulation consultation comes to a close
Last week, the UK Government’s consultation on a new AI White Paper, setting out the government’s proposal for regulating AI, closed. Here, Chief Scientist, Chris Anley, we highlight our key recommendations for how to build trust in AI technologies and cement the UK’s position as a global leader.
NCC Group appoints new Chief Financial Officer, Guy Ellis
With over 25 years’ experience in Finance and Commercial roles in the retail sector, Guy joined NCC Group in 2021, as Director of Commercial Finance as well as serving as Interim Managing Director of our Software Resilience business, and most recently as Interim Managing Director of our UK Cyber business.
NCC Group Monthly Threat Pulse – May 2023
• 436 attacks in May the second highest monitored by NCC Group’s Global Threat Intelligence team in 2023 • Industrials (30%), Technology (15%) and Consumer Cyclicals (11%) most targeted sectors • Regional data shows North America (51%) most targeted region, followed by Europe (24%), Asia (8%) and South America (8%)
Why we’ve changed our logo for Pride month
Each year, we change our logo to Pride colours on social media for the month of June as a way of showing our support for the LGBTQIA+ community and our LGBTQIA+ colleagues. Find out more here.
NCC Group appoints new Chief Operating Officer, Kevin Brown
With experience spanning cyber security, risk and UK policing, Kevin Brown will lead NCC Group’s global cyber security capabilities.
Embracing Escrow: OCC, FDIC, and FED Board releases revised third-party risk management guidelines for US Banks
This month the OCC, FDIC, and FED shared a joint statement offering guidance focused on outsourcing and third-party risk management for banking institutions.The guidance names Escrow solutions as an important provision to consider. Here, Vice President, John Boruvka, comments.