Welcome reader to your CybersecurityHQ report.

Headlines

Cyber insurance premiums are going down around the world. This comes at the end of a multiyear upward trend in cyber insurance premiums, jumpstarted by a rise in attacks during the COVID-19 pandemic. The cause of lower prices? The annual Howden report says improved cybersecurity is the main reason. Premiums are also falling thanks to fiercer competition as more insurance companies cover cyber attacks.

Sarah Neild, Head of Cyber Retail, UK, for Howden, summarizes the situation this way, “At no other point has the market experienced the current mix of conditions: a heightened threat landscape combined with a stable insurance market underpinned by robust risk controls. The foundations for a mature cyber market, with innovation and exposure-led growth at its core, are now in place.”

The recent TeamViewer attack is now being attributed to Russian spies, according to the company’s statements over the weekend. APT29, also known as Cozy Bear and Midnight Blizzard, is the Russian state-sponsored group that TeamViewer believes was behind the attack. Microsoft’s recent email hacking woes were also attributed to APT29.

The company claims the group gained credentials to a standard employee account but could not do much damage thanks to having “strong segregation of the Corporate IT, the production environment, and the TeamViewer connectivity platform in place.”

A new cyber threat appears in the sky as a West Australian man is believed to have been running “evil twin,” free WiFi networks out of his hand luggage during a flight. The man was apprehended on his landing at the Perth Airport, and his portable wireless access device, laptop, and mobile phone were seized.

The Australian Federal Police allege that “when people tried to connect their devices to the free WiFi networks, they were taken to a fake webpage requiring them to sign in using their email or social media logins. Those details were then allegedly saved to the man’s devices.”

Interesting Read

We are continuing our look into the minds of CISOs with the latest Splunk survey. The study spoke with over 350 senior security executives to see how they deal with the evolving cybersecurity landscape. The headline figure says it all: 86% of CISOs have experienced so much change in their role since they started that they feel like they almost have a different job.

More research like this helps us see where the industry is at. As with many stories through the last two years, anxiety and cautious optimism around AI dominate the outlook of most security professionals.

Employment Tip: The Power of Informational Interviews

Reach out to people you know in the industry (or would like to know) and schedule informational interviews. In these talks, you can gain much perspective on what other cybersecurity professionals seek in their departments. These provide insights into the field and can lead to career opportunities.

For the latest openings in cybersecurity careers, check CybersecurityHQ.

Stay Safe, Stay Secure.

The CybersecurityHQ Team