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

Phishing 272
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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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Optimizing The Modern Developer Experience with Coder

Many software teams have migrated their testing and production workloads to the cloud, yet development environments often remain tied to outdated local setups, limiting efficiency and growth. This is where Coder comes in. In our 101 Coder webinar, you’ll explore how cloud-based development environments can unlock new levels of productivity. Discover how to transition from local setups to a secure, cloud-powered ecosystem with ease.

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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.

More Trending

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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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Begging for Bounties and More Info Stealer Logs

Troy Hunt

TL;DR — Tens of millions of credentials obtained from info stealer logs populated by malware were posted to Telegram channels last month and used to shake down companies for bug bounties under the misrepresentation the data originated from their service. How many attempted scams do you get each day? I woke up to yet another "redeem your points" SMS this morning, I'll probably receive a phone call from "my bank" today (edit: I was close, it was "Amazon Prime" &

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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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EDR vs EPP vs Antivirus: Comparing Endpoint Protection Solutions

eSecurity Planet

Endpoint protection solutions safeguard network endpoints against cyberthreats using a selection of management tools, including endpoint detection and response (EDR), endpoint protection platform (EPP), and antivirus (AV). AV software blocks malware, EPP passively prevents threats, and EDR actively mitigates network attacks. When threats circumvent EPP’s preventative procedures, EDR is frequently paired with EPP to control the damage.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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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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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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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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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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The Tumultuous IT Landscape Is Making Hiring More Difficult

After a year of sporadic hiring and uncertain investment areas, tech leaders are scrambling to figure out what’s next. This whitepaper reveals how tech leaders are hiring and investing for the future. Download today to learn more!

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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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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.

Security 115
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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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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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Improving the Accuracy of Generative AI Systems: A Structured Approach

Speaker: Anindo Banerjea, CTO at Civio & Tony Karrer, CTO at Aggregage

When developing a Gen AI application, one of the most significant challenges is improving accuracy. This can be especially difficult when working with a large data corpus, and as the complexity of the task increases. The number of use cases/corner cases that the system is expected to handle essentially explodes. 💥 Anindo Banerjea is here to showcase his significant experience building AI/ML SaaS applications as he walks us through the current problems his company, Civio, is solving.

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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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Vulnerability Recap 7/29/24 – Multiple Old Security Flaws Reappear

eSecurity Planet

In the aftermath of CrowdStrike’s unique update failure that sparked a different type of security incident, standard vulnerability disclosures and patches proceed as usual. This week, we also saw some older issues return to light, including an Internet Explorer vulnerability first discovered in 2012. A Microsoft SmartScreen vulnerability from earlier this year resurfaced, and a Docker flaw from 2018 is still causing issues in a newer version of the software.

Security 109
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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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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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The Cloud Development Environment Adoption Report

Cloud Development Environments (CDEs) are changing how software teams work by moving development to the cloud. Our Cloud Development Environment Adoption Report gathers insights from 223 developers and business leaders, uncovering key trends in CDE adoption. With 66% of large organizations already using CDEs, these platforms are quickly becoming essential to modern development practices.

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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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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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CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance

Mitigating supply chain risk After widespread coverage, the CrowdStrike outage from 19 July 2024 hardly needs an introduction. But as a reminder, here are some key facts about the CrowdStrike incident: CrowdStrike is a publicly listed security company, which provides security software to – among many other large organisations – Microsoft. The primary incident was a breach of integrity and availability , not confidentiality.

Insurance 100
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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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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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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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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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5 Cyber Security and ISO 27001 Myths

IT Governance

Common misconceptions and what you can do about them Contrary to common belief, the external threat – a threat actor hacking their way into your systems through technical skill alone – isn’t your biggest problem. In our previous interview with Damian Garcia, our head of GRC (governance, risk and compliance) consultancy, we learned about the internal, or insider, threat and its significance.