Banking Trojans, ransomware, fake finance apps programmed to steal data - the cybercriminal cartels have become more punitive in 2023, escalating destructive attacks on financial institutions. This is just one key finding of the annual Cyber Bank Heists report by Contrast Security's Tom Kellermann.
As the massive ESXiArgs ransomware campaign continues to target unpatched VMware ESXi hypervisors, cybersecurity experts have released a script that can decrypt at least some affected virtual machines. Ransomware trackers count at least 2,803 victims, primarily in France, the U.S. and Germany.
APIs represent the best and worst of times - "massive amounts of business value, but massive amounts of unmitigated risk," says Richard Bird, CSO, Traceable AI. In the past year, misconfigured or error-prone APIs resulted in high-profile breaches at Twitter and T-Mobile. He sees more on the horizon.
Organizations have struggled to understand why APIs are so strategic even though they're an intrinsic way businesses interface with their software, according to Checkmarx CEO Emmanuel Benzaquen. He says API abuse is slated to become one of the most common types of web application data breaches.
U.S. federal authorities are establishing a new office to tackle supply chain security issues and help industry partners put federal guidance and policies into practice. Former GSA administrator Shon Lyublanovits says she is spearheading the launch of the new organization.
The nearly $200 million it raised in December will allow Snyk to consolidate the developer security market through organic investment and M&A, says CEO Peter McKay. Snyk has focused on bringing open-source security, container security, infrastructure- as-code security and cloud security together.
Thoma Bravo, Vista Equity Partners and rival Francisco Partners have set their sights on a new target: Sumo Logic. Each of the three private equity firms has approached the Silicon Valley-based data analytics software vendor expressing interest in a possible acquisition, The Information reports.
Bad news for ransomware groups: Experts find it's getting tougher to earn a crypto-locking payday at the expense of others. The bad guys can blame a move by law enforcement to better support victims, and more organizations having robust defenses in place, which makes them tougher to take down.
The total amount of ransom payments being sent by victims to ransomware groups appears to have taken a big dip, declining by 40% from $766 million in 2021 to $457 million in 2022 due to victims simply being unwilling to pay, blockchain intelligence firm Chainalysis reports.
Organizations must grapple with software development happening at a faster pace than ever as well as an exponential increase in attacks on the software layer. Contrast Security has therefore developed new technology to secure code that's deployed quickly to the cloud, CEO Alan Naumann says.
Seattle police have charged an online retailer's "shopping experience" software programmer with engineering a fraud scheme based on the movie "Office Space," in which malicious software was used to transfer a fraction of every transaction into an outside account.
In the latest update, four ISMG editors discuss important issues of 2022, including: CISO Marene Allison's unique career path; Ukrainian government cybersecurity official Victor Zhora on lessons learned from countering cyberattacks; and insights from CEO Nikesh Arora of Palo Alto Networks.
Phishing and other socially-engineered schemes are going to get bolder, the attack surface is only going to get bigger, and enterprises everywhere are going to have to focus more on building cyber resilience. These are among the New Year's predictions from Zoom's new CISO, Michael Adams.
Information Security Media Group asked some of the industry's leading cybersecurity experts about the trends to watch in 2023. Responses covered a variety of emerging threats and evolving trends affecting security technologies, leadership and regulation. Here is a look at the year ahead.
Identity and access management company Okta revealed that its private GitHub repositories were accessed earlier in the month, resulting in the theft of its source code in its Workforce Identity Cloud code repositories. "No customer data was impacted," Okta says.
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