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The Cybersecurity Rundown: October 12, 2020

Oct 12, 2020 11:57:17 AM

Here's a quick rundown of some of the top cybersecurity stories in the world. Here are some great examples of why you need to stay up-to-date with what is happening digitally!

Uganda’s Mobile Money Hack

An October 3rd attack on one of Uganda’s largest consumer finance groups, Pegasus Technologies, was breached. This breach allowed nearly $3.2 million to be stolen through the hackers use of over 2,000 SIM cards to gain access to their mobile money network. As a result, mobile money transactions have been suspended indefinitely. These attacks have ensured a lasting impact on Uganda’s telecoms and banking sectors.

Hackers Target the US Census

The Department of Homeland Security’s Homeland Threat Assessment (HTA) has reported that malicious actors have recently targeted the US Census Bureau. The US Census Bureau is the nation’s largest federal statistical agency, tasked with allocating over $675 billion in federal funds to tribal, local, and state governments annually. 

The US Space Force is Expanding Cybersecurity Teams

The pentagon is set to increase the size of the United States Space Force by adding up to 1,000 new personnel. These plans to ramp up cybersecurity were revealed by U.S. Space Force Maj. Gen. Kimberly Crider. “Space systems will become the next front of the cyber conflict,” Crider said. As cyber warfare grows, it’s important to take the proper precautions in terms of national security.

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