Financial services firms have been hit with $12bn in losses over the last two decades as a result of cyber attacks, according to a recently published report from the International Monetary Fund (IMF). The data shows little sign that the risk is about to reduce and has led to the IMF to call for greater […]
UK law firms are falling victim to data breaches primarily because of insiders and human error, according to an analysis of data from the the Information Commissioner’s Office (ICO). NetDocuments examined data from the ICO covering Q3 2022 to Q2 2023 and found that 60% of data breaches in the UK legal sector were the […]
RisePro, an information-stealing malware, was first detected by cybersecurity firms Flashpoint and Sekoia. It is distributed through fake crack sites operated by the PrivateLoader pay-per-install (PPI) malware distribution service.
Adlumin, a Washington DC startup working on technology to boost security for mid-market firms, has banked $70 million in new financing. The substantial Series B funding round was led by SYN Ventures, a Florida-based venture capital firm placing early-stage bets in cybersecurity startups. The company said First In Ventures, Washington Harbour Partners, and BankTech Ventures […]
Venture capital investments in cybersecurity firms keeps shrinking with less capital raised and fewer deals compared to the year prior, according to Crunchbase data released Thursday. Cybersecurity startups raised almost $1.9 billion during the third quarter, marking a 30% drop from the $2.7 billion raised in the year-ago period. The 153 deals in the quarter […]
Hackers have targeted more than a dozen oil, gas and defense firms in Eastern Europe with an updated version of the MATA backdoor framework, according to recent research. The MATA backdoor was previously attributed to the North Korean hacker group Lazarus. Researchers at the cybersecurity firm Kaspersky, who uncovered this campaign, did not directly link […]
Many organizations — including quite a few Fortune 500 firms — have exposed web links that allow anyone to initiate a Zoom video conference meeting as a valid employee. These company-specific Zoom links, which include a permanent user ID number and an embedded passcode, can work indefinitely and expose an organization’s employees, customers or partners […]
Cyber-attacks on European financial services firms more than doubled between Q2 2022 and Q2 2023, surging 119% in the period, according to new data from Akamai. The security vendor’s latest State of the Internet report detailed threats to the sector globally, drawing on data from the firm’s network of 340,000 servers distributed across over 130 countries. […]