Sat.Jul 27, 2024 - Fri.Aug 02, 2024

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Study: Average Cost of a Data Breach Rises to $4.9 Million

Data Breach Today

Involving Law Enforcement After Ransomware Attacks Drives Down Costs, Study Finds Data breaches continue to grow more costly, with the average cost of a breach hitting an all-time high of $4.9 million, driven by greater business disruption and post-breach customer support and remediation expenses, according to the latest annual Cost of a Data Breach Report from IBM.

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Don’t Let Your Domain Name Become a “Sitting Duck”

Krebs on Security

More than a million domain names — including many registered by Fortune 100 firms and brand protection companies — are vulnerable to takeover by cybercriminals thanks to authentication weaknesses at a number of large web hosting providers and domain registrars, new research finds. Image: Shutterstock. Your Web browser knows how to find a site like example.com thanks to the global Domain Name System (DNS), which serves as a kind of phone book for the Internet by translating human-frie

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Threat hunters – A day in the life

OpenText Information Management

Threat hunting is not just a job; it's a commitment to staying one step ahead of cyber adversaries. In this post, we'll dive into the daily life of a threat hunter, highlighting the myriad challenges they face. From technical hurdles to human and communication challenges, the life of a threat hunter is as demanding as it is rewarding. This is the third post in our ongoing “The Rise of the Threat Hunter” blog series.

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Celebrating 80 Years of AIIM: A Journey Through Information Management

AIIM

Today (July 28, 2024), we at AIIM (Association for Intelligent Information Management) are thrilled to celebrate our 80th anniversary. With celebrations kicking off earlier this year at the AIIM Conference, today offers us a moment to reflect on our rich history, celebrate our achievements, and look forward to an exciting future in the ever-evolving world of information management.

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Bringing the Cybersecurity Imperative Into Focus

Tech leaders today are facing shrinking budgets and investment concerns. This whitepaper provides insights from over 1,000 tech leaders on how to stay secure and attract top cybersecurity talent, all while doing more with less. Download today to learn more!

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Ransomware Gangs Exploit VMware ESXi Flaw

Data Breach Today

Bug Allows Attackers to Add New Users to a Group With Full Admin Privileges Ransomware hackers discovered a way to gain full administrative privileges on VMware ESXi hypervisors connected to Microsoft's Active Directory, a finding that resulted in extortion demands from cybercriminals, including Storm-0506, Storm-1175, Octo Tempest and Manatee Tempest.

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Artificial Intelligence Tops Agenda for Global Competition Authorities: EU, UK, and U.S. Issue Joint Statement

Data Matters

On July 23, 2024, the competition authorities of the EU, the UK, and the U.S. issued a joint statement on competition in generative artificial intelligence (AI) foundation models and AI products (Joint Statement). Since the emergence of generative AI, each of the authorities has been individually ramping up its work in order to understand better the potential risks to competition that AI may pose.

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A crafty phishing campaign targets Microsoft OneDrive users

Security Affairs

Researchers detected a sophisticated phishing campaign targeting Microsoft OneDrive users to trick them into executing a PowerShell script. Over the past few weeks, the Trellix Advanced Research Center observed a sophisticated phishing campaign targeting Microsoft OneDrive users. Threat actors rely on social engineering tactics to trick users into executing a PowerShell script, which leads to their systems being compromised.

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Judge Allows Lawsuit Against EHR Vendor in Hack to Proceed

Data Breach Today

Several Claims Dismissed, But Other Allegations in Breach Case Get a Green Light A federal judge has dismissed several claims but has given the green light for plaintiffs to move forward with other allegations in a proposed class action filed against electronic health records vendor NextGen in the aftermath of a 2023 ransomware attack that affected about 1 million people.

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He Was an FBI Informant—and Inspired a Generation of Violent Extremists

WIRED Threat Level

Joshua Caleb Sutter infiltrated far-right extremist organizations as a confidential FBI informant, all while promoting hateful ideologies that influenced some of the internet's most violent groups.

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Driving Responsible Innovation: How to Navigate AI Governance & Data Privacy

Speaker: Aindra Misra, Senior Manager, Product Management (Data, ML, and Cloud Infrastructure) at BILL

Join us for an insightful webinar that explores the critical intersection of data privacy and AI governance. In today’s rapidly evolving tech landscape, building robust governance frameworks is essential to fostering innovation while staying compliant with regulations. Our expert speaker, Aindra Misra, will guide you through best practices for ensuring data protection while leveraging AI capabilities.

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Nearly 7% of Internet Traffic Is Malicious

Schneier on Security

Cloudflare reports on the state of applications security. It claims that 6.8% of Internet traffic is malicious. And that CVEs are exploited as quickly as 22 minutes after proof-of-concepts are published. News articles.

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Ukraine’s cyber operation shut down the ATM services of major Russian banks

Security Affairs

Ukraine launched a massive cyber operation that shut down the ATM services of the biggest Russian banks on July 27, reported the Kyiv Post. Ukraine has launched a massive cyberattack against ATMs of Russian banks, the cyber operation began on July 23. “This is an opportune moment to fully implement the Kremlin’s long-desired ‘import substitution’ in the form of wooden abacuses, paper savings books, and cave paintings for accounting.” reported the KyivPost. “In Russia, it has al

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Trellix's Dual AI Strategy: Combating and Using AI in Cyber

Data Breach Today

CEO Bryan Palma on Cobalt Strike Takedown and Generative AI's Role in Cyber Defense Bryan Palma, CEO of Trellix, shares insights into the company's involvement in cybercrime takedowns and the integration of generative AI into the company's XDR platform. He discusses how Trellix Wise streamlines SOC processes and the company's focus on ransomware detection and data security.

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Sensitive Illinois Voter Data Exposed by Contractor’s Unsecured Databases

WIRED Threat Level

Social Security numbers, death certificates, voter applications, and other personal data were accessible on the open internet, highlighting the ongoing challenges in election security.

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Launching LLM-Based Products: From Concept to Cash in 90 Days

Speaker: Christophe Louvion, Chief Product & Technology Officer of NRC Health and Tony Karrer, CTO at Aggregage

Christophe Louvion, Chief Product & Technology Officer of NRC Health, is here to take us through how he guided his company's recent experience of getting from concept to launch and sales of products within 90 days. In this exclusive webinar, Christophe will cover key aspects of his journey, including: LLM Development & Quick Wins 🤖 Understand how LLMs differ from traditional software, identifying opportunities for rapid development and deployment.

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Section 230’s Original Intent Offers Touchstone for Online Safety

Data Matters

As Section 230 of the 1996 Communications Decency Act nears its 30th year since enactment, debate rages on in Congress and in the public as to whether and how it should be changed or perhaps scrapped altogether. The post Section 230’s Original Intent Offers Touchstone for Online Safety appeared first on Data Matters Privacy Blog.

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Over 20,000 internet-exposed VMware ESXi instances vulnerable to CVE-2024-37085

Security Affairs

Shadowserver researchers reported that over 20,000 internet-exposed VMware ESXi instances are affected by the actively exploited flaw CVE-2024-37085. Researchers at the Shadowserver Foundation reported that approximately 20,000 VMware ESXi servers exposed online appear impacted by the exploited vulnerability CVE-2024-37085. We have started sharing exposed VMware ESXi vulnerable to CVE-2024-37085 (authentication bypass).

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UK ICO Reprimands Electoral Commission for 2021 Hack Attack

Data Breach Today

Hackers Exploited ProxyShell Vulnerability to Compromise Commission Systems The British data regulator reprimanded the U.K.'s Electoral Commission for its failure to prevent a 2021 hack attack that resulted in the exposure of millions of voter records. Hackers breached the Electoral Commission's networks after exploiting the ProxyShell vulnerability.

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Providing Security Updates to Automobile Software

Schneier on Security

Auto manufacturers are just starting to realize the problems of supporting the software in older models: Today’s phones are able to receive updates six to eight years after their purchase date. Samsung and Google provide Android OS updates and security updates for seven years. Apple halts servicing products seven years after they stop selling them. That might not cut it in the auto world, where the average age of cars on US roads is only going up.

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An Architect’s Guide for Selecting Scalable, Data-Layer Technologies

There’s no getting around it: selecting the right foundational data-layer components is crucial for long-term application success. That’s why we developed this white paper to give you insights into four key open-source technologies – Apache Cassandra®, Apache Kafka®, Apache Spark™, and OpenSearch® – and how to leverage them for lasting success. Discover everything you’ll want to know about scalable, data-layer technologies: Learn when to choose these technologies and when to avoid them Explore h

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The EU AI Act is here. Are you ready?

Collibra

We’ve now hit a new era of AI — no, not some new hyper-powerful model or use case, but rather the enforcement of the EU AI Act. Organizations (and countries) around the world have been talking about this for years, and now it has become a reality. Organizations will need to comply with this new Act or, like we’ve seen in the past with laws like GDPR, face stiff penalties.

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Apple fixed dozens of vulnerabilities in iOS and macOS

Security Affairs

Apple has issued security updates to address multiple vulnerabilities across iOS, macOS, tvOS, visionOS, watchOS, and Safari. Apple released security updates to address multiple vulnerabilities in iOS, macOS, tvOS, visionOS, watchOS, and Safari. The IT giant released iOS 17.6 and iPadOS 17.6 to address dozens of security vulnerabilities, including authentication and policy bypasses, information disclosure and denial-of-service (DoS) issues, and bugs that can lead to memory leaks and unexpected a

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CrowdStrike Outage Could Cost Cyber Insurers $1.5 Billion

Data Breach Today

Most Claims Will Be Made Under 'Systems Failure' Coverage, Says Moody's Ratings The global IT outage triggered by a faulty CrowdStrike software update could lead to $400 million to $1.5 billion in payouts to cyber insurance policyholders, although the nonstandardized language used for such policies will make determining final losses a "lengthy process," analysts say.

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Education in Secure Software Development

Schneier on Security

The Linux Foundation and OpenSSF released a report on the state of education in secure software development. …many developers lack the essential knowledge and skills to effectively implement secure software development. Survey findings outlined in the report show nearly one-third of all professionals directly involved in development and deployment ­ system operations, software developers, committers, and maintainers ­ self-report feeling unfamiliar with secure software development practice

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IT Leadership Agrees AI is Here, but Now What?

IT leaders are experiencing rapid evolution in AI amid sustained investment uncertainty. As AI evolves, enhanced cybersecurity and hiring challenges grow. This whitepaper offers real strategies to manage risks and position your organization for success.

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A Senate Bill Would Radically Improve Voting Machine Security

WIRED Threat Level

This year’s Intelligence Authorization Act would mandate penetration testing for federally certified voting machines and allow independent researchers to work on exposing vulnerabilities.

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BingoMod Android RAT steals money from victims’ bank accounts and wipes data

Security Affairs

BingoMod is a new Android malware that can wipe devices after stealing money from the victims’ bank accounts. Researchers at Cleafy discovered a new Android malware, called ‘BingoMod,’ that can wipe devices after successfully stealing money from the victims’ bank accounts. The Cleafy TIR team discovered the previously undetected malware at the end of May 2024.

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Zeroing in on Zero Trust

Data Breach Today

How close are you to achieving Zero Trust? If you’re a CISO or other security leader, recent and forthcoming government mandates mean you urgently need an answer to this question.

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New Research in Detecting AI-Generated Videos

Schneier on Security

The latest in what will be a continuing arms race between creating and detecting videos: The new tool the research project is unleashing on deepfakes, called “MISLnet”, evolved from years of data derived from detecting fake images and video with tools that spot changes made to digital video or images. These may include the addition or movement of pixels between frames, manipulation of the speed of the clip, or the removal of frames.

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What Is Entity Resolution? How It Works & Why It Matters

Entity Resolution Sometimes referred to as data matching or fuzzy matching, entity resolution, is critical for data quality, analytics, graph visualization and AI. Learn what entity resolution is, why it matters, how it works and its benefits. Advanced entity resolution using AI is crucial because it efficiently and easily solves many of today’s data quality and analytics problems.

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The First Half of 2024 Results in More Than 1 Billion Data Breach Victims

KnowBe4

New data shows targeted attacks are resulting in surges in breach victim counts that already amount to more than double the victim count from attacks.

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CISA adds VMware ESXi bug to its Known Exploited Vulnerabilities catalog

Security Affairs

U.S. Cybersecurity and Infrastructure Security Agency (CISA) adds a VMware ESXi bug to its Known Exploited Vulnerabilities catalog. The U.S. Cybersecurity and Infrastructure Security Agency (CISA) added an authentication bypass VMware ESXi vulnerability, tracked as CVE-2024-37085 (CVSS score of 6.8), to its Known Exploited Vulnerabilities (KEV) catalog.

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CrowdStrike Faces Class Action Lawsuit Over Global IT Outage

Data Breach Today

Investors Say Cybersecurity Company Made False and Misleading Statements About Tech CrowdStrike faces a putative class action lawsuit over the widespread global IT outage in late July that caused major disruptions at airports and hospitals after the company pushed through a faulty update to its Falcon platform, causing its stock prices to plummet.

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