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Yahoo News: The mass culling of workers from federal payrolls will have a "devastating" impact on cybersecurity and national security, a top former National Security Agency official said.
Private Banker International: In an era where cyber threats loom large over every industry, asset managers find themselves in an increasingly precarious position. With substantial assets under management (AUM) and access to sensitive client data, these firms are prime targets for cybercriminals.
PR Newswire: A new survey by HostingAdvice reveals 95% of Americans worry about their personal data being exposed in a corporate data breach. The survey also found that more than 61% have received at least one data breach notification in the past two years.
MSN: Jefferies said results of cybersecurity stocks have been better than expected so far, with modestly pressured first quarter and full year 2025 guidance.
EU Startups: Vienna-based Quantum Industries Gmbh (QI), a startup focused on quantum secure communications for critical infrastructure, announced the successful completion of its Seed financing round, raising a total of €9.5 million in fresh capital.
SecurityWeek: Uranium Finance was hacked twice in April 2021, with the total losses amounting to over $53 million, making it one of the largest hacks in decentralized finance (DeFi) at the time.
The Target: Orange Group, a leading French telecommunications operator and digital service provider.
The Take: According to the threat actor, who uses the alias Rey and is a member of the HellCat ransomware group, the stolen data is mostly from the Romanian branch of the company and includes 380,000 unique email addresses, source code, invoices, contracts, customer and employee information.
The Vector: The threat actor compromised Orange’s systems by exploiting compromised credentials, and vulnerabilities in the company’s Jira software for bug/issue tracking, and internal portals.
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.
Yahoo Finance: Global cybersecurity spending is projected to surge in coming years as artificial intelligence tools like chatbots and agents proliferate, creating new risks that force enterprises to shore up their information technology defenses, according to Bloomberg Intelligence analysts.
CSO Online: Attacks against operational technology (OT) networks are on the rise, fueled by geopolitical tensions and conflicts, as OT security fast becomes a mainstream concern.
Crunchbase: NinjaOne, which provides endpoint management, security and monitoring, raised $500 million in Series C extensions at a $5 billion valuation — more than doubling its value from just 12 months ago.
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