Cyber Risk Leaders Magazine – Issue 7, 2022

COVER FEATURE “Faking it: Deepfake crime exposing cyber security”

Our cover feature on Deepfake crime proposes this is a real and present danger for businesses, as well as to governments with heightened political tensions. Last year, it cost one bank alone $35 million in a single scam. With Deepfake technology becoming more sophisticated – and readily available to criminals – we need to see the technology as a current threat and not a future concern. Also in this edition, Jack Lindsay proposes the open source community is a great risk following the Log4j project vulnerability found in a critical Java ecosystem package and Vinoth Venkatesan writes a series of articles, including concerns around the delays in notifications of the Log4j vulnerability.

We also include some of the more notable ‘Movers and Shakers’ and continue to take a deep dive into the cybersecurity domain, network security, cloud security and throughout we have links through to our Tech & Sec Weekly Series and the latest Cyber Security Weekly podcasts. Another edition with a lot to unpack. On that note, as always, there is so much more to touch on and we trust you will enjoy this edition of Cyber Risk Leaders Magazine. Enjoy the reading, listening and viewing!

Chris Cubbage, CPP, CISA, GAICD
Executive Editor

“Today, cybersecurity is an emerging risk with which public issuers increasingly must contend. Investors want to know more about how issuers are managing those growing risks. I think companies and investors alike would benefit if this information were required in a consistent, comparable, and decision-useful manner” – US Securities and Exchange Commission Chair, Gary Gensler, March 9, 2022

CONTENTS

1. Movers and Shakers
2. Shields Up – Cyber agencies issue High Alerts
3. Bug Alert – Critical vulnerability alerting system
4. Suspected Supplier Cyber-Attack shuts down Toyota plant
5. Log4j – Searchable Repository: Community-sourced GitHub Comes to Rescue
6. Open source is dying, and the critical infrastructure bill could be the finishing blow
7. Ransomware’s attacks increase 232%
8. Way to secure your inactive Google account and data – Even when you’re not around
9. How will we stop the march of cybercrime?
10. Faking it: Deepfake crime exposing cyber security
11. Open Networking – Agility and control for a new era of connectivity
12. AI With Everything – The future of artificial intelligence in networking
13. Ukraine cyberattack prior to Russian invasion
14. Data wiping malware HermeticWiper targets Ukraine
15. Scammers take advantage of Ukrainian conflict
16. Asia Most Cyberattacked Region
17. Exploring the Myths of Zero Trust
18. Technology’s Role in Driving U.S. Competitiveness
19. What are the hot tech trends for 2022?