Progress Software warned customers today of newly found critical SQL injection vulnerabilities in its MOVEit Transfer managed file transfer (MFT) solution that can let attackers steal information from customers’ databases.

Following yesterday’s attack, multiple major banks across Russia had their access cut off from the country’s banking systems so that they can no longer make online payments, as Ukrainian news site Economichna Pravda first reported.

“The attack originated from a compromised trusted vendor and transitioned into a series of AiTM attacks and follow-on BEC activity spanning multiple organizations,” the tech giant disclosed in a Thursday report.

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.