An assessment of online shopping cart software used by e-commerce sites performed by the German cybersecurity agency found a slew of vulnerabilities, including code so old it's no longer supported as well as vulnerable JavaScript libraries. Germany has one of Europe's largest e-commerce markets.
Wiz has become the most valuable venture-backed cybersecurity vendor in the world, raising $300 million on a $10 billion valuation just three years after its founding. The New York-based startup will use the Series D proceeds to guard more complex cloud environments and fulfill robust global demand.
Cisco plans to buy cloud security startup Valtix to simplify network security and protect workloads no matter which cloud they're created or consumed in. The networking giant says Valtix will give clients common policy and enforcements of networking across all major public cloud environments.
In the latest weekly update, John Kindervag, creator of zero trust and senior vice president of cybersecurity strategy at ON2IT, joins ISMG editors to discuss the top zero trust storylines of the year, the impact of ChatGPT on the cybersecurity industry and how to tackle MFA bypass attacks.
Cybercrime experts have long urged victims to never pay a ransom in return for any promise an attacker makes to delete stolen data. That's because, as a recent case highlights, whatever extortionists might promise, stolen personal data is lucrative, and it often gets sold six ways from Sunday.
Five proposed class action lawsuits have been filed so far in the wake of a California medical group's Feb. 1 report of a ransomware attack last December affecting more than 3.3 million individuals. The incident is the largest health data breach reported to federal regulators so far this year.
In a new report, tech giant Microsoft says distributed denial-of-service attacks became shorter in duration but more potent in 2022. The United States, India and East Asia were the top regions affected by DDoS attacks, and IoT devices continued to be the preferred mode of attack.
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.
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.
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.
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.
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