Report: Only 45% of Organizations Use MFA to Protect Against Fraud

A report by Ping Identity highlighted the pressing need for enhanced identity protection strategies, as 97% of organizations struggle with identity verification, and 48% lack confidence in defending against AI-related attacks.

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Wiz Raises $1 Billion at $12 Billion Valuation

Cloud security giant Wiz has raised $1 billion, which brings the total funding to $1.9 billion, at a valuation of $12 billion.

The post Wiz Raises $1 Billion at $12 Billion Valuation appeared first on SecurityWeek.

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DBIR: Supply Chain Breaches up 68% Year Over Year

According to Verizon’s latest Data Breach Investigations Report (DBIR), supply chain breaches increased by 68% year-over-year, primarily due to software vulnerabilities exploited in ransomware and extortion attacks.

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The Alleged LockBit Ransomware Mastermind Has Been Identified

Law enforcement officials say they’ve identified, sanctioned, and indicted the person behind LockBitSupp, the administrator at the heart of LockBit’s $500 million hacking rampage.

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White House in Talks With Industry to Build Legal Framework for Software Liability

The White House is engaging with the tech industry to establish a legal framework for software liability as part of a broader cybersecurity strategy, aiming to incentivize software developers to create products without exploitable security flaws.

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City of Wichita Public Services Disrupted After Ransomware Attack

The city was forced to shut down its IT networks and continues to investigate a major cyber incident that happened over the weekend.

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Niobium Raises $5.5M for Zero Trust Computing Hardware Acceleration

Niobium has raised $5.5 million in seed funding for a fully homomorphic encryption (FHE) hardware accelerator designed for zero trust computing.

The post Niobium Raises $5.5M for Zero Trust Computing Hardware Acceleration appeared first on SecurityWeek.

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Hunters Announces Full Adoption of OCSF and Introduces OCSF-Native Search

By cybernewswire

San Francisco, United States, May 7th, 2024, CyberNewsWire Hunters, the pioneer in modern SOC platforms, today announced its…

This is a post from HackRead.com Read the original post: Hunters Announces Full Adoption of OCSF and Introduces OCSF-Native Search

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Russian Hacker Dmitry Khoroshev Unmasked as LockBit Ransomware Administrator

The U.K. National Crime Agency (NCA) has unmasked the administrator and developer of the LockBit ransomware operation, revealing it to be a 31-year-old Russian national named Dmitry Yuryevich Khoroshev.
In addition, Khoroshev has been sanctioned by the U.K. Foreign, Commonwealth and Development Office (FCD), the U.S. Department of the Treasury’s Office of Foreign Assets Control (

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Exclusive: AI startup Tenyx’s fine-tuned open-source Llama 3 model outperforms GPT-4

Tenyx has successfully fine-tuned Meta’s open-source Llama-3 language model to outperform OpenAI’s GPT-4 in certain domains, marking the first time an open-source model has surpassed the proprietary gold standard.Read More

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