security

Fintech giant Finastra confirms it’s investigating a data breach

Security /

Finastra, a London-based financial software company that serves most of the world’s top banks, has confirmed it’s investigating a data breach after a hacker claimed a compromise of the company’s internal file-transfer platform.  In a statement given to TechCrunch, Finastra spokesperson Sofia Romano confirmed the fintech giant detected what it calls “suspicious activity” related to […]

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US extradites Russian accused of extorting millions in Phobos ransomware payments 

Security /

The U.S. government has secured the extradition of an alleged Russian hacker who allegedly served as a key administrator of the prolific Phobos ransomware operation.  Prosecutors said Monday that Evgenii Ptitsyn, 42, was recently extradited from South Korea to appear in a Maryland federal court on November 4. Ptitsyn is accused of administering the sale,

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Microsoft beefs up Windows security with new recovery and patching features

Enterprise /

In the aftermath of the devastating CrowdStrike outage this July, Microsoft vowed to do better even though it insisted that the event was an aberration. Evidently unwilling to take chances (or risk further hits to its credibility), the company on Tuesday, during Microsoft Ignite 2024, shared how it’s making changes to Windows to prevent similar

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AI training software firm iLearningEngines says it lost $250,000 in recent cyberattack

Security /

U.S.-based iLearningEngines, a provider of AI training software for enterprises, has alerted regulators to a cyberattack that allowed hackers to break into its network and steal $250,000 worth of company funds.  In an 8-K regulatory filing on Monday with the U.S. Securities and Exchange Commission, iLearningEngines said it had experienced a “cybersecurity incident” that saw

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Space tech giant Maxar confirms hacker accessed employees’ personal data

Security /

U.S. space technology and satellite giant Maxar has confirmed a data breach involving the personal information of its employees, according to a filing with state regulators. The Colorado-headquartered Maxar operates imaging satellites and manufactures spacecraft, and claims to operate one of the largest commercial satellite constellations on orbit. Maxar has long been a significant provider

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What a second Trump term means for the future of ransomware

Security /

The U.S. government has made big strides over the past four years in the ongoing fight against the “scourge of ransomware,” as President Joe Biden described it. At the start of his term, Biden and his administration were quick to declare ransomware a national security threat, unlocking new powers for the military and intelligence agencies.

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US confirms China-backed hackers breached telecom providers to steal wiretap data

Security /

The U.S. government has confirmed that hackers with links to China breached multiple U.S. telecommunication service providers to access the wiretap systems used by law enforcement to surveil Americans. In a joint statement published on Monday, CISA and the FBI said they had uncovered “a broad and significant” cyber espionage campaign that saw PRC-affiliated actors

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Hot Topic data breach exposed personal data of 57 million customers

Security /

Millions of customers of Hot Topic have been informed that their personal data was compromised during an October data breach at the American retailer. Have I Been Pwned (HIBP), the breach notification service, said this week that it alerted 57 million Hot Topic customers that their data had been compromised. The stolen data includes email

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Amazon confirms employee data stolen after hacker claims MOVEit breach

Security /

Amazon has confirmed that employee data was compromised after a “security event” at a third-party vendor. In a statement given to TechCrunch on Monday, Amazon spokesperson Adam Montgomery confirmed that employee information had been involved in a data breach. “Amazon and AWS systems remain secure, and we have not experienced a security event. We were

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Symbiotic Security helps developers find bugs as they code

Startups /

Symbiotic Security, which is announcing a $3 million seed round today, watches over developers as they code and points out potential security issues in real time. Other companies do this, but Symbiotic also emphasizes the next step: teaching developers to avoid these bugs in the first place. Ideally, this means developers will fix security bugs

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