Cybercrime reports submitted by victims to the FBI's Internet Crime Complaint Center surged last year, and the total reported losses exceeded $12.5 billion. Investment fraud and business email compromise losses dominated, and ransomware attacks spared almost no critical infrastructure sector.
This week, Binance laid off two-thirds of its staff and said it is exiting Nigeria, Chainalysis released 2023 crime statistics, Fantom said it will seek Multichain's liquidation, hackers stole millions from the WOOFi and Seneca crypto platforms, and Hong Kong blocked six fake websites.
Fusty and fussy operational technology devices are probably the farthest things away from a web server. Except - not anymore. But web servers embedded into industrial firmware are also a potential bonanza for hackers, say researchers from the Georgia Institute of Technology.
The Office of the National Cyber Director says a second iteration of the implementation plan for the national cybersecurity strategy is on its way, just as experts tell ISMG under-resourced federal agencies and critical infrastructure entities are struggling to achieve the strategy's framework.
Yaniv Vardi shares how $100 million of strategic growth financing from Delta-v Capital will empower Claroty to secure critical infrastructure across verticals such as the public sector and transportation and geographies including the United States and Japan, setting the stage for an IPO.
Apple pushed out an emergency security update for two critical zero-day flaws that attackers are using to carry out memory corruption attacks on iPhone and iPad devices. The tech giant's latest patch addressed its third zero-day vulnerability this year.
South Korean intelligence service officials have blamed North Korean hackers for targeting the country's semiconductor manufacturing companies. Hackers who gain access to chip-making technology and product designs could hurt South Korea’s leadership in the semiconductor industry.
The European Parliament and the council of direct European national governments reached a political agreement Tuesday on a proposal that seeks to improve trading bloc cybersecurity. The Cyber Solidary Act will create a "cybersecurity shield" consisting of cross-border security operations centers.
Cloudflare's acquisition of Nefeli Networks aims to streamline multi-cloud networking by offering seamless integration and security across cloud platforms. The move simplifies cloud connectivity by providing a unified platform for businesses to manage their network and security policies efficiently.
CEO George Kurtz said Palo Alto Networks' strategy of offering free products won't neutralize CrowdStrike's advantage around total cost of ownership. Customers are smart enough to recognize the difference between the price of a product and the total lifetime cost of operating inferior technology.
Hornetsecurity purchased French email security vendor Vade to expand its geographic footprint and protection capabilities around Microsoft 365 for small and midsized businesses. The acquisition of Vade will allow the joint company to have a strong presence in Europe's two most important markets.
CrowdStrike plans to purchase a data security posture management startup led by an Israeli Defense Forces team leader to safeguard information across endpoints and clouds. The proposed Flow Security deal will give CrowdStrike visibility into cloud data flows and how data interacts with applications.
The Treasury Department announced sanctions against Intellexa, the maker of a popular package of spyware tools and technologies known as Predator that has been used to target U.S. officials, journalists and policy experts, according to a news release on Tuesday.
German Minister of Defense Boris Pistorius on Tuesday said the recent leak of intercepted military data was the result of an "application error" and not caused by a system compromise by Russian hackers. Pistorius also said the country is continuing to examine the incident further.
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