Cohesity, a leading provider of security software, has made a significant public announcement regarding its intention to acquire data security firm Veritas, a move that is poised to elevate the valuation of the combined entity to over $7 billion. This…
Category: Cybersecurity Insiders
SOC Evolution Is About More Than Automation
[By Michael Mumcuoglu, CEO and Co-Founder, CardinalOps] It is worth remembering; cybersecurity professionals inherently win, only when attackers lose. Although it may feel like a victory, we don’t win when we merely maintain operations or even when we put processes in place and…
Ransomware payments reached $1 billion in 2023
In the year 2023 alone, hackers behind the rampant spread of ransomware amassed a staggering $1 billion in ransom payments, as disclosed by a comprehensive study conducted by blockchain research firm Chainalysis. This alarming figure, equivalent to the annual budget…
Why budget allocation for cybersecurity is a necessity in corporate environments
The allocation of budget for cybersecurity holds paramount importance in the modern digital landscape. In an era where cyber threats loom large and businesses increasingly rely on technology, ensuring adequate financial resources for cybersecurity is critical. Below are several key…
Interesting cybersecurity news headlines trending on Google
DDoS Attack via Compromised Smart Toothbrushes Disrupts Swiss Company’s Network A Swiss company recently faced a significant setback due to a distributed denial of service (DDoS) attack orchestrated through compromised smart toothbrushes. With over 3 million devices affected, the attack…
Securing The Future: Cybersecurity Predictions for 2024
[By Dominik Samociuk, PhD, Head of Security at Future Processing] When more than 6 million articles of ancestry and genetic data were breached from 23 and Me’s secure database, companies were forced to confront and evaluate their own cybersecurity practices…
Now Spyware links can lead to Visa restrictions
The United States has taken a firm stance on visa restrictions targeting individuals involved in the misuse of commercial spyware. Secretary of State Anthony Blinken announced this statement on February 5, 2024, following a review of legal cases involving forced…
Five 5 benefits of having a cyber insurance cover on hand
In the age of digitization, securing IT assets through insurance coverage presents a challenge, particularly in convincing board members to allocate funds for cybersecurity. However, the investment yields significant benefits, as outlined below: Comprehensive Coverage: Cyber insurance shields businesses from…
AsyncRAT Loader Delivers Malware via JavaScript
[By Fernando Martinez, Security Researcher, AT&T Alien Labs] Research from AT&T Alien Labs has identified a campaign to deliver AsyncRAT onto unsuspecting victim systems. For at least 11 months, this threat actor has been working on delivering the Remote Access…
Cybersecurity Tops 2024 Global Business Risks
Scott Sayce, Global Head of Cyber at Allianz Commercial The newly released Allianz Risk Barometer revealed that Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally, as well as in the…