Secureworks has executed its second round of layoffs since February, axing 15% of its workforce as the company pursues high-growth products and improved operating margins. The company will reduce its 2,149-person staff by roughly 322 positions as it seeks break-even adjusted EBITDA by January 2024.
Protect AI bought one of the world's largest certified naming authorities to create a bug bounty platform focused exclusively on AI and ML open-source software. The acquisition will allow customers to discover exploits in the AI or ML supply chain weeks before they're publicly revealed.
Public companies disclosing a cyber incident under the new U.S. reporting requirements should focus on the business impact and stay away from the technical pieces, said Venable's Grant Schneider. The disclosure should examine how the incident will affect revenue, profitability and public perception.
In the latest weekly update, ISMG editors discuss the White House's debut of a $20 million contest to exterminate bugs with AI, a New York man admitting to being behind the Bitfinex hack, and a new malware campaign that is targeting newbie cybercriminals in order to steal sensitive information.
In an after-action report on how the Lapsus$ crime group hacked "dozens of well-defended companies with low-complexity attacks," the U.S. Cyber Safety Review Board urges organizations to implement more robust two-factor authentication systems, plus regulations to combat SIM swapping.
A nonprofit firm that administers government dental programs in Canada paid a "substantial" ransom for a decryptor key and the destruction of data stolen in a recent ransomware attack. But the company is now notifying nearly 1.5 million individuals that the hack compromised their data.
At least 637 organizations have now confirmed that they were affected by the zero-day attack on MOVEit file-sharing servers that began in late May, collectively affecting 41 million individuals, report cybersecurity researchers who've been tracking the impact of Clop's data-theft campaign.
This week, Wall Street fined firms for using WhatsApp, NK hackers breached a Russian missile maker, Ivanti backtracked, ransomware attacks cost manufacturers $46B, a cyberattack shut down Gemini North Observatory, ad fraud targeted Android users and healthcare workers' personal info was breached.
One day after personal information for all 10,000 police officers and staff in Northern Ireland was accidentally exposed online, putting their safety at risk, the nation's police service said it's probing a laptop theft last month that may have exposed 200 employees' details.
Tampa General Hospital is facing at least three proposed federal class action lawsuits filed in recent days following the nonprofit Florida healthcare provider's disclosure late last month of a data theft incident that affected 1.3 million patients and employees.
Police officers in Northern Ireland are sounding alarms over their personal safety after a data breach revealed the surnames and locations where they serve for nearly 10,000 police officers and staff. Experts warn this could lead to "their death or injury" at the hands of criminals or terrorists.
Rapid7 will lay off close to 1 in 5 of its employees in cuts that amount to the second-largest round of layoffs of any pure-play cybersecurity company since worries about an economic downturn began percolating in spring 2022. The vendor will reduce its 2,623-person staff by 18%.
The U.K. Electoral Commission suffered a "complex cyber-attack" in 2021, resulting in hackers accessing sensitive voter information. Commission CEO Shaun McNally said the attack resulted in hackers accessing copies of electoral register files that the agency uses for research purposes.
Generative AI can detect malicious behavior undetectable by traditional forms of AI such as adversaries stealing sensitive data by sticking it in images, said Netskope CEO Sanjay Beri. Netskope has over 50 machine-learning models in production and has debuted AI-based DLP and threat detection tools.
OpenText acquired several cyber companies in recent years to protect sensitive information and data everywhere from consumer to large enterprise environments, said EVP Prentiss Donohue. The Micro Focus buy shored up OpenText's offerings around application and data security and identity management.
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