It’s the summer of steals, not the summer of deals, for businesses suffering cyber breaches. That’s because, as the world goes digital, fraudsters are constantly probing modern, multifaceted attack surfaces for vulnerabilities. But with the news Tuesday (July 2) that auto dealership software provider CDK...
Despite a recent wave of ransomware attacks, cyber insurance premiums are declining around the globe. That’s because businesses have gotten better at dealing with losses related to cybercrime, specialist insurance broker Howden said in a report issued Monday (July 1). “Favorable dynamics have persisted into 2024, with the cost...
It’s been a bad month for Evolve Bank & Trust, and it’s only getting worse. Following a “cease and desist” order issued to the bank on June 14, the Arkansas-based lender on Wednesday (June 26) publicly confirmed the news that a ransomware gang had hacked...
Security firm iVerify has raised $12 million for its endpoint detection and response (EDR) solution. The funding round, announced Wednesday (June 26), was led by Shine Capital and comes amid a wave of recent data breaches. “The mobile security industry has not kept up with...
In many ways, it has been the summer of cyberattacks and data breaches. And with the news Tuesday (June 25) that Russian-linked ransomware gang Lockbit is claiming to have stolen 33 terrabytes of “juicy banking information containing American’s banking secrets” from the U.S. Federal Reserve, battening...
Software companies have taken over large swathes of the economy during the past few decades. And when something goes wrong with these software companies, something ultimately goes wrong with the large swathes of sectors and businesses that rely upon them. Just take for example the...
Last week, a cyberattack on dealership software-as-a-service platform CDK Global crippled America’s auto sellers. Now, the group behind the attack is reportedly demanding tens of millions of dollars in ransom, Bloomberg News reported Friday (June 21), citing a source familiar with the matter. That source...
Software, and digital transformation more broadly, have transformed the business landscape. Nearly every modern business relies on software to run their operations, and digital technology has become a pervasive, invisible thread enabling and optimizing workflows. When it works well, businesses software fades into the background....
Consumer data from LendingTree subsidiary QuoteWizard was reportedly stolen by hackers, who are selling it to the highest bidder on cybercriminal forums. The theft and subsequent sale of stolen data may be part of the incident in which hackers accessed cloud database accounts hosted by...
