A spokesperson for the firm stated on ABC that they would not succumb to the threat actor’s extortion demands, even if that means that they and their clients will have to suffer the consequences of a very exposing data leak.
The $190 million growth investment wasled by Bain Capital Tech Opportunities, with participation from Accel. They join existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures, and WP Global Partners.
The latest research from Fortinet reveals that more than 90% of leaders believe that increased employee cybersecurity awareness would help decrease the occurrence of cyberattacks.
The University of Manchester, one of the largest universities in the United Kingdom by enrollment, announced on Friday that it was the victim of a cyber incident and that the hackers had accessed and “likely” copied data.
Since late April, there have been rumbles that the Royal ransomware operation was getting ready to rebrand under a new name. This escalated further after they began to feel pressure from law enforcement after they attacked the City of Dallas, Texas.
The effort builds on Google’s experience developing cybersecurity models, such as the collaborative Supply-chain Levels for Software Artifacts (SLSA) framework and BeyondCorp, its zero trust architecture used by many organizations.
Cyber-extortion gangs shifted their focus away from North America and Europe and towards Latin America and Asia during 2022, possibly influenced by Russia’s invasion of Ukraine, according to Orange Cyberdefense.
In a recent phishing campaign, hackers have employed sophisticated obfuscation tactics to deceive unsuspecting users into visiting malicious websites and disclosing sensitive information.
The vulnerability is tracked as CVE-2023-29336 and was originally discovered by cybersecurity firm Avast. It was assigned a CVSS v3.1 severity rating of 7.8 as it allows low-privileged users to gain Windows SYSTEM privileges.
Elliptic researchers said that by tracking some of the stolen crypto, they were able to collect information about how it was handled and laundered, with the audit trail pointing in the direction of Lazarus Group.