The newly relaunched HardBit 2.0 ransomware group is now demanding victims disclose details of their cyber insurance coverage before negotiating a ransom demand. The group, which has been active since 2022, has demanded that one victim pay $10 million in ransom, according to researchers at Varonis.
Cyren plans to cease operations and pursue liquidation after the email security and threat detection vendor failed to sell assets or raise more capital. The company terminated the employment of all remaining workers, commenced a bankruptcy proceeding in Israel and told Nasdaq to delist the company.
Gartner says by 2025, 50% of companies will be using MDR. What's the compelling business case, and how does it translate to meet the needs of public sector entities? Rob Lalumondier of Sophos shares five reasons to use MDR, as well as key questions to ask when selecting a provider.
Will large language models such as ChatGPT take cybercrime to new heights? Researchers say AI for malicious use so far remains a novelty rather than a useful and reliable cybercrime tool. But as AI capabilities and chatbots improve, the cybersecurity writing is on the wall.
AT&T wants to unload its cyber assets just five years after doubling down on security through its $600 million purchase of threat intelligence vendor AlienVault. The Dallas-based carrier has been working with British banking firm Barclays to solicit bids for its cybersecurity business, Reuters said.
The cybersecurity industry experienced a dramatic drop-off in funding, stock prices and M&A activity as the economic downturn took hold in late 2022. Venture capital financing tumbled to $18.5 billion in 2022, 39% lower than the record-breaking $30.4 billion invested in 2021, Momentum Cyber found.
The revolution ChatGPT drove in the consumer market has prompted enterprises to more closely examine how AI can help safeguard data, says Palo Alto Networks CEO Nikesh Arora. The demands from AI in the enterprise are far more exacting, as firms insist AI be clean, comprehensive and in real time.
Lehigh Valley Health Network, which operates 13 hospitals and numerous physician practices and clinics in eastern Pennsylvania, says it has been hit with an attack by Russian-based ransomware-as-a-service group BlackCat. The network says it didn't pay a ransom and operations were not disrupted.
Two recent separate hacking incidents involving attackers stealing copies of sensitive protected health information have affected more than 1 million patients of a New Jersey healthcare system and an Alabama cardiovascular clinic. Victims get free credit monitoring and identity restoration services.
In the wake of recent cyberthreats aimed at Australia's critical infrastructure, the country has adopted a new risk management program to strengthen its resilience and security in these key sectors. The new rules will help businesses prepare for, prevent and mitigate emerging threats.
Crypto exchange firm Coinbase has confirmed that an SMS phishing campaign aimed at stealing employee credentials resulted in a minor data breach. The company estimates the latest campaign is part of the phishing campaign that successfully compromised Twilio and Cloudflare last year.
Ireland's child and family agency, Tusla, says it is beginning a months-long process to notify 20,000 individuals that their personal information was exposed in the May 2021 ransomware attack against the Health Service Executive, which formerly managed Tusla's IT systems.
Norwegian authorities confiscated crypto assets worth nearly $5.68 million tied to the 2022 Ronin cryptocurrency bridge hack by North Korean state threat actor Lazarus Group. The authority describes the seizure as Norway's largest-ever crypto seizure.
Federal regulators are working on proposed rule to modify HIPAA to better safeguard the privacy of reproductive health data. The Biden administration last year already issued guidance about the application of the HIPAA Privacy Rule to information about reproductive health.
Darktrace has brought in Ernst & Young to review the cybersecurity AI vendor's financial process and controls following bombshell allegations from short seller Quintessential Capital Management. The review comes weeks after QCM claimed that Darktrace overstated its sales, margins and growth rates.
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