Month: August 2024
Anton Konopliov, founder and CEO of Palma Violets Loans, however, warns that while the proposed rules are beneficial for reducing risk they could “cause chaos” for many firms both on the customer and vendor side around budgets and contractual obligations. “Financial firms will also no longer have the freedom to curate their own contractual terms…
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4 Types of Ransomware: Recognizing and Understanding the Threat Last year, ransomware cost firms over $1.1 billion in direct payments. This makes it one of the biggest cybersecurity threats facing businesses of all sizes, and in 2024, this threat has shown no signs of slowing down. Although almost half of recorded incidents in 2023 were…
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Business Security Having knowledgeable leaders at the helm is crucial for protecting the organization and securing the best possible cyber insurance coverage 07 Aug 2024 • , 4 min. read The board does not understand cybersecurity – that’s not so anymore. Prior to the pandemic, the CISO and cybersecurity team were seen as the geeks…
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Gambling blockchain Ronin Network suffered a security incident yesterday when white hat hackers exploited an undocumented vulnerability on the Ronin bridge to withdraw 4,000 ETH and 2 million USDC, totaling $12 million. This figure corresponds to the maximum amount of ETH and USDC that can be withdrawn from the bridge via a single transaction, so…
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The SEC has concluded its investigation into Progress Software’s handling of the widespread exploitation of a MOVEit Transfer zero-day flaw that exposed data of over 95 million people. In a new FORM 8-K filing with the SEC, Progress Software says that the SEC’s Division of Enforcement will not recommend any enforcement action regarding the security incident.…
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In addition to major product launches, cybersecurity vendors also announced fundings, acquisitions and key hires this week in Las Vegas. Big Moves At Black Hat Along with an abundance of product launches this week in Las Vegas, numerous cybersecurity vendors have announced other major moves in connection with the Black Hat 2024 conference. Security giant…
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CISA and the FBI confirmed today that the Royal ransomware rebranded to BlackSuit and has demanded over $500 million from victims since it emerged more than two years ago. This new information was shared as an update to a joint advisory published in March 2023, which says the BlackSuit gang has been active since September…
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A new self-spreading worm named ‘CMoon,’ capable of stealing account credentials and other data, has been distributed in Russia since early July 2024 via a compromised gas supply company website. According to Kaspersky researchers who discovered the campaign, CMoon can perform a broad range of functions, including loading additional payloads, snapping screenshots, and launching distributed…
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Solution provider silver and gold benefits “remain in effect for one year after your last purchase or renewal, but they will not undergo the January 2025 update,” Microsoft said. Microsoft revealed that it plans to no longer sell its Action Pack, Learning Action Pack or legacy silver and gold benefits starting Jan. 22 – and…
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Researchers have demonstrated a method to bypass an anti-phishing measure in Microsoft 365 (formerly Office 365), elevating the risk of users opening malicious emails. Specifically, the anti-phishing measure that can be hidden is the ‘First Contact Safety Tip,’ which warns email recipients on Outlook when they receive a message from an unfamiliar address. Certitude analysts who…
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