Brighton Park Capital Invests $112 Million in PortSwigger to Fuel Innovation and Product Development

The investment will fuel PortSwigger’s growth and enable the company to accelerate product development, expand research initiatives, strengthen its international presence, and continue driving innovation.

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National Australia Bank Raises Alarm About Cyber Threats to Major Banks

Australia’s four major banks, including ANZ Bank, Commonwealth Bank, National Australia Bank (NAB), and Westpac, are constantly under attack from threat actors seeking to steal sensitive information and money from unsuspecting customers.

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Industrial cyberattacks fuel surge in OT cybersecurity spending

Enterprise spending on OT cybersecurity is predicted to increase by almost 70% to $21.6 billion globally by 2028, up from $12.75 billion in 2023, driven by attacks and regulation, according to ABI Research.

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China’s ‘Velvet Ant’ Hackers Caught Exploiting New Zero-Day in Cisco Devices

The vulnerability, known as CVE-2024-20399, affects Cisco NX-OS software used for Nexus-series switches. Sygnia discovered the vulnerability during an investigation into the threat group Velvet Ant.

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Cisco Patches NX-OS Zero-Day Exploited by Chinese Cyberspies

Cisco has patched an NX-OS command injection zero-day exploited by China-linked cyberespionage group Velvet Ant.

The post Cisco Patches NX-OS Zero-Day Exploited by Chinese Cyberspies appeared first on SecurityWeek.

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Critical Flaw in PTC License Server Can Allow Lateral Movement in Industrial Organizations

PTC has patched a critical vulnerability in the Creo Elements/Direct License Server that can be exploited for unauthenticated command execution.

The post Critical Flaw in PTC License Server Can Allow Lateral Movement in Industrial Organizations appeared first on SecurityWeek.

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Korean ERP Vendor’s Update Systems Subverted to Spew Malware

A South Korean ERP vendor’s product update server was breached by attackers who used it to distribute malware instead of legitimate updates, according to AhnLab, a local cybersecurity firm.

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Poland to Probe Russia-Linked Cyberattack on State News Agency

Polish prosecutors are investigating a suspected Russian attack on the country’s state news agency, the Polish Press Agency (PAP). The attack, which occurred in May, aimed to spread disinformation and cause disruptions in Poland’s system or economy.

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AuthZed Raises $12 Million to Accelerate Permissions Systems in Series A Funding

The new funding will accelerate a strategic expansion for small–to mid-market-sized organizations, providing a fully managed and easy-to-deploy permissions system that is simple to maintain for their current and future authorization needs.

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Meta’s ‘Pay or Consent’ Approach Faces E.U. Competition Rules Scrutiny

Meta’s decision to offer an ad-free subscription in the European Union (E.U.) has faced a new setback after regulators accused the social media behemoth of breaching the bloc’s competition rules by forcing users to choose between seeing ads or paying to avoid them.
The European Commission said the company’s “pay or consent” advertising model is in contravention of the Digital Markets Act (DMA).

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