Industry News: Cyber

Know Your Breach: Avis

The Target: Car rental company Avis

The Take: The scope of the stolen data varies depending on the customer, but the following information is potentially affected: name, email address, telephone number, date of birth, credit card number and expiration date, driver’s license number.

The Vector: The company detected unauthorized access to one of its business applications at the beginning of August. Avis has described the breach as ‘insider wrongdoing.’

This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

Advancements in Cybersecurity Technologies Drive Global Market Growth

2024-09-12

PR Newswire: "According to the latest BCC Research study, the demand for "Cybersecurity: Technologies and Global Markets" is expected to grow from $229.3 billion in 2024 to $396.8 billion by the end of 2029, at a compound annual growth rate, or CAGR, of 11.6% from 2024 to 2029."

Securing The Future: How To Mitigate AI-Related Cybersecurity Risks

2024-09-11

Forbes: More than a quarter (27%) of organizations have banned internal GenAI use, according to Cisco's 2024 Data Privacy Benchmark Report. This is due mainly to concerns over privacy and security.

Global Cybersecurity Workforce Growth Flatlines, Stalling at 5.5 Million Pros

2024-09-11

Cybersecurity Dive: The global cybersecurity workforce grew just 0.1% year-over-year to an estimated 5.5 million people, reflecting a stall in the sector for the first time since 2019, ISC2 said in a report.

Insurers, Asset Managers Ramping Up Cybersecurity – Study

2024-09-10

Insurance Business: Insurers and asset managers worldwide are significantly increasing their investment in cybersecurity, according to a new survey by Moody’s.

ANZ CIOs See Cybersecurity as Top Priority for 2025

2024-09-10

CSO Online: Managing cybersecurity and other technology risks will be top of mind for CIOs in 2025 across Australia and New Zealand (ANZ), with 82% of 109 respondents saying it is a key priority for next year, according to Gartner.

T. Rowe Price, New York Life Caught Up in Data Breach Affecting 6 Million Customers

2024-09-10

Think Advisor: A data breach that hit technology platform Infosys McCamish Systems last year affected over 6 million customers at several financial services firms, including T. Rowe Price Retirement Plan Services, according to filings with the Maine attorney general’s office.

US Proposes Requiring Reporting For Advanced AI, Cloud Providers

2024-09-09

AOL/Reuters: The U.S. Commerce Department said it is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers to ensure the technologies are safe and can withstand cyberattacks.

Know Your Breach: CBIZ

The Target: CBIZ is a management consulting company that provides financial and benefits and insurance services to various organizations and individual customers.

The Take: Hackers stole information belonging to nearly 36,000 individuals, which includes: name, contact details, Social Security Number, date of birth/death, retiree health information, welfare plan information.

The Vector: The company informs that a threat actor exploited a vulnerability in one of its web pages and was able to steal customer data between June 2 and June 21.

This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.

Generative AI in Cybersecurity Market Share to Reach USD 5.96 Billion by 2034, at CAGR of 14.8%

2024-09-04

GlobeNewswire: By leveraging advanced machine learning models, generative AI can anticipate and counteract cyberattacks by identifying patterns, predicting potential vulnerabilities, and even simulating attacks to test system defenses.

Cybersecurity Firm Zscaler's Shares Fall On Dour Annual Forecasts

2024-09-04

Yahoo Finance/Reuters: Zscaler shares tumbled about 16% following the cybersecurity firm's downbeat annual forecast, as macroeconomic challenges slowed spending by its customers.

CEO's Arrest Will Likely Not Dampen Cybercriminal Interest in Telegram

2024-09-04

Dark Reading: The recent arrest and indictment of Telegram CEO Pavel Durov in France will likely have little short-term impact on use of the platform among cybercriminals and nation-state backed hacking groups.

How to Ensure Cybersecurity Strategies Align with the Company’s Risk Tolerance

2024-09-03

CSO Online: Aligning an organization’s appetite for risk with cybersecurity strategies is a critical challenge CISOs face, one that requires balancing technical controls and business needs.

How Trump Could Change Cybersecurity

2024-09-03

Axios: Policymakers are preparing for two very different outcomes if former President Donald Trump wins a second term: A world where he overhauls the U.S. approach to defending against nation-state hacks — and another where he leaves everything exactly as it is.

The High Cost of Cybersecurity Breaches on Corporate Reputation

2024-09-03

FinTech Global: A recent study highlighted by ISACA points to a staggering 78% of industry professionals ranking the reputational impact as the paramount concern following cyberattacks.

Halliburton Confirms Data Stolen in Cyberattack

2024-09-03

SecurityWeek: In an updated SEC filing, Halliburton stopped short of confirming a ransomware extortion scheme but said the cyberattack caused significant disruptions and limitation of access to portions of its IT systems.