Cyberattacks are on the rise. In Q1 2024, organizations experienced an average of around 1,300 attacks per week. The cost of attacks is climbing, as well. Per Statista, cybercrime-related losses could surge to over $13 billion by 2028. Software is one way to combat these attacks. Hardware is another. Startup Axiado is a proponent of […]
Axiado claims its chip can prevent cyberattacks Read More »
Cyberattacks are on the rise, and the victims are high-profile. According to a KPMG survey, close to half of companies with $1 billion or more in annual revenue recently suffered a security breach. Surprisingly, an overabundance of security tools may be contributing to the problem. In a separate poll, 43% of businesses said their teams
Tuskira unifies and optimizes disparate cybersecurity tools Read More »
U.S. government officials said Tuesday that the China-backed hacking group dubbed Salt Typhoon are still inside some of the networks of America’s largest phone and internet providers, weeks after the long-running hacking campaign first came to light. Cybersecurity agency CISA said the affected telecom giants are still trying to evict the hackers, in part because
US says Chinese hackers are still lurking in American phone networks Read More »
Two U.S. data brokers have agreed not to collect private location data on Americans as part of a pair of settlements with the U.S. Federal Trade Commission, which accused the companies of unlawfully tracking millions of people near to sensitive locations like healthcare facilities and military bases. The two settlements, announced Tuesday, will prohibit Virginia-based
FTC bans two data brokers from collecting and selling Americans’ sensitive location data Read More »
The Consumer Financial Protection Bureau has proposed a new rule that would block data brokers from selling personal and financial information on Americans, including their Social Security numbers and phone numbers, under the Fair Credit Reporting Act. In proposing the new rules, months after President Biden signed an executive order to curb the sale of
ENGlobal Corporation, a provider of engineering and automation services to the U.S. energy sector and federal government, says it has restricted access to its IT systems following a cyberattack, limiting the company to essential business operations only. In an 8-K filing with the SEC on Monday, Texas-based ENGlobal said it became aware of a “cybersecurity
US government contractor ENGlobal says operations are ‘limited’ following cyberattack Read More »
Signzy, a popular vendor offering online “know your customer” ID verification and customer onboarding services to several top financial institutions, commercial banks, and fintech companies, has confirmed a security incident. The Bengaluru-based startup, which serves over 600 financial institutions globally — including the four largest Indian banks, was hit by a cyberattack last week, according
Indian online ID verification firm Signzy confirms security incident Read More »
The Russian government has confirmed the indictment of a 32-year-old resident, who authorities accuse of creating and launching ransomware attacks. Russian prosecutors said last week that they charged the unnamed hacker, who lives in the Russian province of Kaliningrad, with the creation of ransomware to gain “illegal profit.” The arrest of a suspected ransomware member
Russian government confirms rare criminal charges against ransomware hacker Read More »
A ransomware attack on supply chain software giant Blue Yonder continues to cause disruption to the company’s customers, almost two weeks after the outage first began. In a brief update to its cybersecurity incident page on Sunday, Arizona-based Blue Yonder said it is making “good progress” in its recovery from the attack, which hit its
Retail outages drag into second week after Blue Yonder ransomware attack Read More »
Companies often struggle with how to respond to cybersecurity incidents. According to one recent poll, only three out of five organizations have an incident response plan in place, and only around a third do regular drills to ensure that their plans remain effective. The consequences of poor incident response are costly. The International Monetary Fund
AWS launches an incident response service to combat cybersecurity threats Read More »
