Ransomware attacks have increasingly threatened both businesses and individuals, leading to significant financial ramifications and disruptions to operations. The fallout from these incidents goes well beyond the immediate monetary demands. Companies often endure extended downtime, incur steep costs related to risk mitigation, and face the necessity of upgrading their hardware…
Artificial Intelligence & Machine Learning, Big Data Security Analytics, Blockchain & Cryptocurrency David Sacks Appointed as Trump’s AI and Crypto Director Amid Industry Concerns Over Conflicts Chris Riotta (@chrisriotta) • December 6, 2024 David Sacks as seen in a Twitter post dated October 31, 2024. (Image: @DavidSacks) President-elect Donald Trump’s…
Movie Theater Data Breach Leads to Class Action Lawsuits and Settlement A significant data breach affecting a prominent movie theater chain has prompted a wave of legal action and regulatory scrutiny. The incident has exposed sensitive customer information, compelling the organization to engage in settlement discussions while facing multiple class…
Hackers have reportedly exploited a vulnerability in a widely used code library, reaping as much as $155,000 through a sophisticated supply chain attack targeting developers of smart contract applications on the Solana blockchain. The compromise centered on the solana-web3.js library, a critical JavaScript resource enabling developers to create decentralized applications,…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Accused Blockchain Thief Admits Guilt: $3.5 Million Cloud Computing Theft for $1 Million Cryptocurrency Gain Prajeet Nair (@prajeetspeaks) • December 5, 2024 Image: Shutterstock ISMG periodically aggregates key incidents affecting the cybersecurity landscape of digital assets. Recent reports indicate that malicious…
Data Breaches on the Rise: A Focus on Cloud Vulnerabilities According to the recently released 2024 IBM Cost of the Data Breach Report, a significant shift in the landscape of data breaches has been identified, with 40 percent of incidents occurring between March 2023 and February 2024 involving data stored…
Recent correspondence from U.S. senators has revealed critical information regarding the security audits conducted by American telecommunications companies in relation to vulnerabilities in the SS7 protocol—a significant concern in the realm of cybersecurity. According to the senators’ letter, major telecoms have engaged third-party cybersecurity firms to evaluate their systems, yet…
Artificial Intelligence and Machine Learning in Healthcare: Investigation into UnitedHealthCare CEO’s Murder By Marianne Kolbasuk McGee (HealthInfoSec) • December 5, 2024 Authorities are actively investigating the tragic murder of Brian Thompson, CEO of UnitedHealthCare, focusing on possible motives linked to the company’s controversial denial of medical coverage. Reports indicate that…
Rising Frequency of Data Breaches: A Cautionary Tale for Consumers In an alarming trend, data breaches continue to occur at astonishing rates, with an incident reported every 39 seconds in the United States. These breaches can have devastating effects, as one consumer’s experience illustrates. Identified here as Stephen, he fell…
