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Latest news and insights on Security
How MFA Failures are Fueling a 500% Surge in Ransomware Losses
/in General NewsThe cybersecurity threat landscape has witnessed a dramatic and alarming rise in the average ransomware payment, an increase exceeding 500%. Sophos, a global leader in cybersecurity, revealed in its annual “State of Ransomware 2024” report that the average ransom payment has increased 500% in the last year with organizations that paid a ransom reporting an average payment of $2 million, up from
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Update: Hackers Copied Employee Directory Data and Encrypted Passwords in TeamViewer Intrusion
/in General NewsSoftware company TeamViewer has confirmed that a compromised employee account allowed hackers from a group tracked as APT29, linked to the Russian government, to breach its internal IT environment and steal encrypted passwords.
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CISOs Becoming More Comfortable With Risk Levels
/in General NewsThe cyber threats landscape has led to changes in the way CISOs evaluate their business’s risk appetite, causing tensions with CEO and C-suite members, according to Netskope.
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Google Thwarts Over 10,000 Attempts by Chinese Influence Operator
/in General NewsGoogle has revealed that it blocked over 10,000 instances of Dragon Bridge activity in the first quarter of 2024, labeling it the most prolific influence operator it tracks.
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Sanctioned and Exposed, Predator Spyware Maker Group Has Gone Awfully Quiet
/in General NewsThe group behind the Predator spyware, Intellexa Alliance, has significantly reduced its operations, indicating that it has been impacted by recent sanctions and exposure.
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Brighton Park Capital Invests $112 Million in PortSwigger to Fuel Innovation and Product Development
/in General NewsThe 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
/in General NewsAustralia’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
/in General NewsEnterprise 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
/in General NewsThe 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
/in General NewsCisco 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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