10Fold – Security Never Sleeps – 66

Your daily digest of “All Things Security” gathered, collected and researched by your very own 10Fold Security Practice team.

Big items to consider:  Leaked documents dubbed the “Panama Papers” revealed financial schemes and offshore financing from some of the world’s most powerful people. The FBI has now promised to help unlock iPhones across the country, although not guaranteeing it will be able to use the same method that successful unlocked the San Bernardino terrorist phone. The investigation into MedStar Health continues as experts look into how to better protect hospitals. A study found that 90 percent of corporate executives said they don’t know how to read a cybersecurity report and 40 said they don’t feel responsible for the repercussions of hacking.

World figures deny wrongdoing as ‘Panama Papers’ turn spotlight on tax evasion – Publication: Reuters – Reporter name: Kylie Maclellan & Elida Moreno

Governments across the world began investigating possible financial wrongdoing by the rich and powerful on Monday following a leak of documents from a Panamanian law firm which allegedly showed how clients avoided tax or laundered money. The documents detailed schemes involving an array of figures from friends of Russian President Vladimir Putin to relatives of the prime ministers of Britain, Iceland and Pakistan and as well as the president of Ukraine, journalists who received them said. While the “Panama Papers” detail complex financial arrangements benefiting the world’s elite, they do not necessarily mean the schemes were all illegal.

FBI will help US agencies with tools to unlock encrypted devices – Publication: CIO – Reporter name: John Riberiro

The FBI has promised to help local law enforcement authorities crack encrypted devices, in a letter that refers to the federal agency’s success in accessing the data on an iPhone 5c running iOS 9 that was used by one of the San Bernardino terrorists. The agency did not, however, explicitly promise investigators that it would deploy the same tool, said to have been developed by an outside organization, on other iPhones.

Under pressure to digitize everything, hospitals are hackers’ biggest new target – Publication: The Washington Post – Reporter name: Carolyn Y. Johnson & Matt Zapotosky

In some ways, health care is an easy target: Its security systems tend to be less mature than those of other industries, such as banking and tech, and its doctors and nurses depend on data to perform time-sensitive, life-saving work. Where a financial-services firm might spend a third of its budget on information technology, hospitals spend only about 2 to 3 percent, said John Halamka, the chief information officer of Beth Israel Deaconess Medical Center in Boston. “If you’re a hacker… would you go to Fidelity or an underfunded hospital?” Halamka said. “You’re going to go where the money is and the safe is easiest to open.”

Execs: We’re not responsible for cybersecurity – Publication: CNBC – Reporter name: Tom DiChristopher

More than 90 percent of corporate executives said they cannot read a cybersecurity report and are not prepared to handle a major attack, according to a new survey. More distressing is that 40 percent of executives said they don’t feel responsible for the repercussions of hackings, said Dave Damato, chief security officer at Tanium, which commissioned the survey with the Nasdaq. The findings come at a time when companies around the world are losing $445 billion due to cybercrime last year, according to an estimate by the Center for Strategic and International Studies.

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