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Yahoo Finance: Cyber attacks are becoming so frequent, malicious and costly that they risk triggering bank runs, according to the International Monetary Fund (IMF). The Fund warned that rising cyber threats now posed “serious concerns for financial stability” and could push companies into insolvency.
Forbes: Every day, we hear from government and company leaders asking how they can best leverage artificial intelligence (AI) and machine learning (ML) for improved cybersecurity outcomes—and for protection against more sophisticated attacks created by bad actors using AI.
The Straits Times: The Monetary Authority of Singapore (MAS) and Mastercard on April 9, 2024 signed a memorandum of understanding (MOU) to enhance cooperation in cyber security, specifically with the aim of strengthening cyber resilience in Singapore’s financial services sector.
StreetInsider: A growing number of cyber-attacks owing to the proliferation of e-commerce platforms, emergence of smart devices, and deployment of cloud are some key factors propelling Cybersecurity Market growth.
The Target: Prudential Insurance — one of the largest insurers in the United States.
The Take: The company said the names, addresses, driver's license numbers or ID cards of 36,545 were accessed.
The Vector: The company filed documents with the SEC on February 13 warning that a “cybercrime group” was able to access “administrative and user data from certain information technology systems and a small percentage of Company user accounts associated with employees and contractors.”
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.
Cointelegraph: The United States National Institute of Standards and Technology (NIST) said it awarded cooperative agreements of almost $3.6 million, aiming to build a workforce to help guard businesses against cybersecurity risks.
Yahoo Finance: Canada's BlackBerry reported a surprise profit for the fourth quarter, helped by higher demand for its cybersecurity services amid growing online crimes and high-profile hacks.
MSN: Amazon, Alphabet's Google and Microsoft may find it easier to bid for EU cloud computing contracts after draft cybersecurity labelling rules scrapped a requirement that vendors should be independent from non-EU laws, according to the document seen by Reuters.
PR Newswire: Corsica Technologies, a leader in Cybersecurity and IT Managed Services, has released an illuminating study that sheds light on the current landscape of technology outsourcing in midmarket companies.
TechCrunch: Seven open source foundations are coming together to create common specifications and standards for Europe’s Cyber Resilience Act (CRA), regulation adopted by the European Parliament last month.
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