Who is attempting to extort Australian health insurer Medibank? Why did Medibank tell its attackers it wouldn't pay a ransom? Will this deter future cyber extortionists? Here are a few thoughts on the high cybercrime drama playing out.
With massive digitization and cloud adoption, the attack surface has broadened and new threats have emerged. Challenges like ransomware, supply chain attacks and financial fraud continue to pose problems for security practitioners.
A startup that was reportedly almost acquired by Palo Alto Networks for $600 million has instead raised $100 million to forge ahead on its own. App security vendor Apiiro plans to use the proceeds to strengthen its ability to analyze code and developer activities across the software supply chain.
Should Australia's Medibank health insurer pay extortionists to prevent the release of sensitive medical documents related to millions of Australians? There's no easy answer to remedying what is the most severe cybercriminal incident in Australian history.
Software as a service - it's the new shadow IT, says Phyllis Woodruff of Global Payments. And it highlights the new challenges arising for security leaders overseeing their organizations' cloud migrations. She discusses how to make cloud "bulletproof" for business teams.
Many ransomware-wielding attackers - including big-name groups - have been collectively shooting themselves in the foot by resorting to "amateur" tactics, including decryptors that fail to decrypt as well as gangs re-extorting the same victims. Cue fewer victims opting to pay a ransom.
Elon Musk lugged a sink into Twitter headquarters to announce his takeover of the social network. But it will take more than a porcelain prop for the richest person in the world to successfully surmount the cybersecurity, legal, disinformation, regulatory and other challenges facing Twitter.
Versa Networks has completed a pre-IPO funding round to build out a cloud security portfolio and bring zero trust functionality to campus and branch settings. The SASE vendor says the $120 million Series E round will allow the company to build or buy technology around SSPM, CSPM and CWPP.
Snyk has made another round of layoffs, axing 14% of its workforce including cloud security leader Aner Mazur and top legal officer Karyn Smith. The company will reduce its more than 1,400-person staff by 198 employees less than four months after laying off 30 people.
Is Australia's data breach wave a coincidence, bad luck or intentional targeting? Maybe all three. But the security weaknesses that have led to the incidents are not exotic. And the people behind these attacks are most likely workaday cybercriminals, not top-level nation-state attackers.
If remote access to corporate networks is only as secure as the weakest link, only some dreadfully weak passwords now stand between hackers and many organizations' most sensitive data, according to new research from Rapid7 into the two most widely used remote access protocols - SSH and RDP.
Palo Alto Networks has scaled back its M&A ambitions, walking away from a $600 million deal for Apiiro in favor of buying Cider Security for $200 million. Palo Alto says it abandoned the negotiations over irreconcilable differences in the valuation of Apiiro's code risk platform business.
Cybersecurity firm Eset says its spotted multiple hacks in Israel coming from a Lebanese threat group dubbed Polonium that's affiliated with Iran. The group employs custom-coded backdoors that use a slew of cloud storage accounts to handle command and control.
CEO Yotam Segev says Cyera eschews the focus of data loss prevention tools on blocking users from pulling down data and instead embraces an approach that reduces friction. Cyera has sought to safeguard data by making preventative changes in areas like configuration, permissions and security posture.
Immersive Labs completed a funding round just weeks after laying off 10% of its workforce to cover more developer languages and safeguard Azure and Google Cloud. The Ten Eleven Ventures-led funding will help Immersive Labs expand its coverage from frontline cybersecurity staff to development teams.
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