The cornerstones of modern businesses are under attack. With the news Monday (Dec. 9) that cybercriminals, alleged to be from the ransomware group Termite, are exploiting a security flaw that affects Cleo’s LexiCom, VLTransfer and Harmony enterprise file transfer tools, securing critical business infrastructure that...
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned a China-based cybersecurity company and one of its employees, saying they played a role in an April 2020 compromise of about 81,000 firewalls owned by thousands of businesses worldwide. The sanctioned parties...
Cyber Monday is the ultimate digital shopping event. But this year, the stakes are higher than ever — and it is all due to artificial intelligence (AI). While 2024’s online holiday sales have already surged north of $10 billion, there’s a different, more nefarious surge...
Supply chain management software provider Blue Yonder has reportedly been hit by a ransomware attack that affected customers like Starbucks and U.K. grocery chain Morrisons. Blue Yonder’s systems were disrupted by a Thursday (Nov. 21) “ransomware incident” and it said Monday (Nov. 25) that it will...
July 04, 2024
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 Global has “substantially all” of its car dealership customers back […]
April 16, 2024
The internet looks very small to an attacker, but massive to a defender. And a persistent reality of the 21st century’s connected economy is that many digital doors are left...
March 01, 2024
Google CEO Sundar Pichai recently noted that artificial intelligence (AI) could boost online security, a sentiment echoed by many industry experts. AI is transforming how security teams handle cyber threats,...
September 05, 2023
Michael Jabbara, vice president and global head of fraud services at Visa, told PYMNTS the fraud game is changing. Up until recently, he said, “you needed to have a certain...
December 15, 2024
Rhode Island’s public benefits system has reportedly been targeted in a ransomware attack. Hackers breached the online system and have threatened to disclose users’ personal information unless they get a payment, Bloomberg News reported Saturday (Dec. 14). This data could be exposed “as early as this coming week,” Gov. Dan McKee said Saturday at a […]
December 10, 2024
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned a China-based cybersecurity company and one of its employees, saying they played a role in an April...
November 25, 2024
Supply chain management software provider Blue Yonder has reportedly been hit by a ransomware attack that affected customers like Starbucks and U.K. grocery chain Morrisons. Blue Yonder’s systems were disrupted by...
October 06, 2024
U.S. cybersecurity agents have stopped more than 500 ransomware attacks since 2021. That’s according to a report Friday (Oct. 4) by Bloomberg News, citing comments from Mike Prado, deputy assistant...
