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Yahoo Finance: As technology advances at a rapid pace, even the most sophisticated organizations struggle to keep up — especially when it comes to cybersecurity.
TechCrunch: Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook.
The Target: U.S. money transfer giant MoneyGram.
The Take: The stolen customer data includes names, phone numbers, postal and email addresses, dates of birth, and national identification numbers. The data also includes a “limited number” of Social Security numbers and government identification documents, such as driver’s licenses and other documents that contain personal information, like utility bills and bank account numbers.
The Vector: BleepingComputer first reported that MoneyGram was breached through a social engineering attack on its IT help desk where threat actors impersonated an employee. Once they gained access to the network, the threat actors initially targeted the Windows active directory services to steal employee information.
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.
Crunchbase: After a robust comeback in the second quarter of this year, funding to cybersecurity startups tumbled 51% in Q3 as investors pulled back.
TechCrunch: Fidelity Investments, one of the world’s largest asset managers, has confirmed that over 77,000 customers had personal information compromised during an August data breach, including Social Security numbers and driver’s licenses.
Forbes: As the CEO of a cybersecurity firm, I've witnessed the evolution of cybersecurity from a niche concern to a cornerstone of strategic business planning.
Business Wire: Cyber claims have continued their upwards trend over the past year, driven in large part by a rise in data and privacy breach incidents, Allianz Commercial warns in its annual cyber risk outlook.
CSO Online: The Australian Federal Government has introduced the Cyber Security Bill 2024 to Parliament proposing the country’s first standalone cybersecurity Act.
Cybersecurity Dive: The research highlights a troubling gap between security executives and the C-suite at a time when the security industry has been pushing businesses to embrace cyber risk as a core business risk.
Bleeping Computer: A 21-year-old man from Indiana named Evan Frederick Light pleaded guilty to stealing $37,704,560 worth of cryptocurrency from 571 victims in a 2022 cyberattack.
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