Cyber Insurance demand fall as businesses bolster their cybersecurity infrastructure

Businesses are increasingly recognizing the critical need to enhance their cybersecurity defenses amid today’s evolving cyber landscape. Consequently, they are strategically investing in fortifying their existing infrastructure. This proactive approach has led to a notable decline in the demand for cyber insurance premiums across the UK. According to a study conducted by cyber insurance firm Howden, the COVID-19 pandemic initially caused a surge in insurance prices throughout 2021 and 2022. However, as economic activities gradually resumed and...

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How Data Inference Could Expose Customer Information: The Case of UnitedHealth Breach

In 2024, we’ve seen several high-profile data breaches that have caused tangible and widespread damage to companies and their customers. One of the hardest-hit industries also includes one of our most critical: healthcare. The UnitedHealth data breach has had ripple effects since the initial news hit earlier this year. It was recently revealed that the data breach will impact a large portion of the American people, and up to one in three Americans may have had their information compromised. This has been one of the worst healthcare breaches ever,...

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Addressing Financial Organizations’ Digital Demands while Avoiding Cyber Threats

The financial services industry has been at the forefront of the digital transformation age for some time. Agility and convenience are mandatory in this sector, and customers have expected reliable access to financial services at a moment’s notice. Everything from basic transactions such as making transfers and payments, to more involved processes such as investments, loans, and more, can now be completed online or with a mobile app. Growing the attack surface with hybrid working and cloud migration Keeping up with these requirements has caused...

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Symmetric vs. Asymmetric Encryption in the Cloud: Choosing the Right Approach

Asymmetric and symmetric encryptions are the modes of encryption typically used in cryptography. There is a single key involved with symmetric encryption used both for encryption and decryption. The key needs to be shared among the parties who are involved who wish to encrypt or decrypt data. Asymmetric encryption uses two separate keys related to one other mathematically. These are known as private and public keys. Typically, the certificate is often linked with a public key, which retains the information about the public key owners.  The...

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Infinidat Revolutionizes Enterprise Cyber Storage Protection to Reduce Ransomware and Malware Threat Windows

Infinidat, a leading provider of enterprise storage solutions, has introduced a new automated cyber resiliency and recovery solution that will revolutionize how enterprises can minimize the impact of ransomware and malware attacks. Infinidat’s InfiniSafe® Automated Cyber Protection (ACP) is a first-of-its-kind cybersecurity integration solution that is designed to reduce the...

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Cybersecurity breach of TeamViewer Corporate environment by APT29

TeamViewer, a remote monitoring and management tool based in Germany, has reported a security breach within its internal corporate IT environment. The incident occurred on June 26, 2024, prompting immediate remedial actions to prevent any potential data compromise. The company, known for serving over 600,000 active customers, reassured the public that no customer data was illicitly accessed by the hackers responsible for the breach. TeamViewer has since launched a thorough investigation into the incident, identifying it as an attack carried out...

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Apple Safari Browser Data Security ad against Google Chrome

Recently, commuters in California, Paris, Singapore, Queensland, and London have been encountering Apple Inc.’s Safari Browser ads on billboards and public buildings. These ads cleverly promote Safari as the browser of choice for iPhone users while taking a swipe at Google’s Chrome browser. Google had recently admitted to collecting data from Chrome users, sparking concerns over privacy. Apple’s ad campaign suggests that users worried about data security and privacy should switch to Safari for their browsing needs, emphasizing improvements like...

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Maryland Association of Community Colleges Receives Funding for the Cyber Workforce Accelerator

Partnership with BCR Cyber Will Provide Jobs and Access to Advanced Experiential Training at Maryland Community Colleges Baltimore, MD (6/25/24) – The Maryland Association of Community Colleges (MACC), in partnership with Baltimore Cyber Range dba BCR Cyber, has been awarded $935,680 through the Maryland Department of Commerce’s “Build Our Future Grant Pilot Program” to fund the Cybersecurity Workforce Accelerator.  This award leverages the $2 million of Congressionally Directed Spending obtained by U.S. Senators Ben Cardin and Chris van Hollen...

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Top Tips to Keep Data Safe During the 2024 Paris Olympics

It’s no secret that the Olympics is one of the most highly attended events in the world. This year, it is expected that the Olympics will bring over 15 million visitors to Paris. With such a heavy influx of people, protecting the event from both physical and cyber-attacks is a massive but vital undertaking. This year, it’s safe to say that the spotlight will be on mobile devices as they are our first choice for how we communicate, work, bank, take photos, navigate, shop and stay informed. This year, it is important to be aware of the risks associated...

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Adversaries Seek to Take Advantage of Global Events – How To Prepare for the 2024 Paris Olympics

The 2024 Paris Olympics is set to begin on July 26, global adversaries are paying close attention and such a high-profile event serves as an opportunity for bad actors to cash in on vulnerable organizations and users with poor cyber hygiene. It is crucial to take a proactive approach when dealing with cyber initiatives.  No one tool can stop it all. It is essential to collaborate with many organizations and security agencies to help identify potential security threats early. Robust cybersecurity measures should be implemented to safeguard...

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Ransomware attacks launched on the world by China and North Korea

According to a joint investigation by security analysts from SentinelOne and Recorded Future, a significant ransomware campaign targeted government and critical infrastructure between 2021 and 2023, with new details now coming to light. The attacks occurred in two distinct clusters. The first cluster, attributed to the group ChamelGang (also known as CamoFei), targeted institutions such as India’s All India Institute of Medical Sciences (AIIMS) and the aviation ministry, as well as the Presidency Hall in Brazil in 2022, using the CatB ransomware....

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AI driven Google Naptime to help LLM to conduct vulnerability research

Security researchers face significant challenges when hunting for vulnerabilities in Large Language Models (LLMs). However, Google’s Naptime Framework provides a breakthrough in AI-driven vulnerability research, automating variant analysis. Named for its concept of allowing researchers to “take a nap” amidst their intensive exploration of large-scale language models, Naptime Framework closely mirrors the methods employed by human security experts, including analysis and hypothesis testing. This approach ensures precise and reproducible results...

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Cloud Security becoming a priority for businesses in 2024

With the rise of digital transformation and widespread adoption of cloud-based solutions, organizations are increasingly turning to these platforms to meet their evolving needs. However, the surge in data breaches within cloud data centers has sparked significant concern among security professionals. This uncertainty has left many grappling with decisions about cybersecurity budget allocations in upcoming sessions. The 2024 Thales Cloud Security Study identifies two primary concerns that, if addressed by Cloud Service Providers (CSPs), could alleviate...

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CDK Global faced second ransomware attack

CDK Global, a prominent provider of software solutions for automotive sales and services across 15,000 dealerships, recently faced significant disruptions due to alleged ransomware attacks. Reports indicate that the attacks, attributed to the Black Suit file encrypting malware group, initially targeted the company, causing temporary service disruptions. Shortly after the first incident, media outlets reported a second ransomware attack targeting CDK Global while recovery efforts from the initial breach were still ongoing. Lisa Finney, a spokesperson...

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Create order from chaos

The task of managing and interpreting vast amounts of data is akin to finding a needle in a haystack. Cyber threats are growing in complexity and frequency, demanding sophisticated solutions that not only detect but also prevent malicious activities effectively. Cybereason’s MalOp (Malicious Operations) is designed to tackle this challenge head-on, transforming chaos into order by providing comprehensive, real-time insights into security threats. Chaos in cybersecurity Cybersecurity teams are often overwhelmed by the sheer volume of alerts and...

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LockBit ransomware spinoff variant targets Indonesia Govt data centers

In recent days, Indonesia has been grappling with significant disruptions to airport services and banking operations following a ransomware attack attributed to a variant known as Brian Cipher, a spinoff of the notorious LockBit ransomware. This incident has resulted in widespread outages affecting essential services, including immigration and IT systems across 210 government organizations. Initial investigations suggest that the hackers behind the attack have successfully exfiltrated a portion of data and are demanding a ransom of $8 million within...

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NHS Qilin Ransomware gang is shrugging off the blame

The Qilin ransomware group, responsible for the recent attack on NHS, resulting in the cancellation of nearly 1200 operations and crucial blood tests, has urged against blaming them for the hardships faced by Britain’s healthcare system. Instead, they pointed fingers at the nation and its government, alleging support for adversaries in the global arena. This rhetoric prompts readers to question whom the group is implicating. Security analysts interpret these statements as a tactic to divert attention from the real impact on the National Health...

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Cyber A.I. Group Announces the Engagement of Walter L. Hughes as Chief Executive Officer

Highly Successful Technology Executive to Drive Growth in the Cybersecurity and IT Services Sectors  Cyber A.I. Group, Inc., an early stage cybersecurity, A.I. and IT services company, announced today the engagement of Walter L. Hughes as Chief Executive Officer. The announcement was made by A.J. Cervantes, Jr., Executive Chairman of Cyber A.I. Group and Chairman of Trilogy Capital Group, LLC, Cyber A.I.’s founding shareholder.  Walter Hughes has had an expansive 15+ year executive career across eight distinct industries, including transformative...

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1inch partners with Blockaid to enhance Web3 security through the 1inch Shield

1inch, a leading DeFi aggregator that provides advanced security solutions to users across the entire space, has announced today the launch of the 1inch Shield.  This solution, that is offering enhanced protection against a wide range of potential threats, was completed in partnership with Blockaid, a major provider of Web3 security tools. Scam tokens masquerading as legitimate assets have long been creating problems for Web3 users. Now, due to collaboration with Blockaid, all tokens of this kind will be instantly detected and marked, so that...

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INE Security: Optimizing Teams for AI and Cybersecurity

2024 is rapidly shaping up to be a defining year in generative AI. While 2023 saw its emergence as a potent new technology, business leaders are now grappling with how to best leverage its transformative power to grow efficiency, security, and revenue. With the near-universal integration of AI into global technology, the need for AI-ready cybersecurity teams is more critical than ever. INE Security, a leading global cybersecurity training and cybersecurity certification provider, predicts large language model (LLM) applications like chatbots and...

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AI in Cybersecurity: Friend or Foe?

How organizations can both leverage and defend against artificial intelligence (AI) in security operations.  While AI has been around for many years and isn’t a new concept, the emergence of generative AI (GenAI) boosted by large language models (LLMs) has drastically changed conversations about AI globally. Before OpenAI’s public release of its GenAI tool ChatGPT, AI was often seen as a tool with limited intelligence and capability. Now, as new use cases with Generative AI continue to prove its expanded capability in areas like security and...

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