Financial Institutions Transitioning to Continuous Know Your Customer Practices In a landscape marked by increasingly stringent regulations, financial institutions (FIs) are under mounting pressure to evolve their Know Your Customer (KYC) practices. With regulatory bodies demanding more robust compliance frameworks, the shift from traditional periodic assessments to a more dynamic…
Amazon has made significant enhancements to its Redshift data warehousing service by implementing new default breach deterrents aimed at strengthening security measures against potential cyber threats. This update, reported by SC Media, underscores Amazon’s ongoing commitment to providing robust protection for its users amidst a landscape of increasing data breaches…
A man has been indicted by federal prosecutors for allegedly orchestrating a scheme that resulted in the theft of $65 million in cryptocurrency, taking advantage of vulnerabilities in two decentralized finance (DeFi) platforms. This fraudulent activity unfolded between 2021 and 2023, targeting the platforms KyberSwap and Indexed Finance, which provide…
Rising Insider Threats Demand Enhanced Management Strategies As insider threat incidents increase, organizations face an urgent need to bolster their insider threat management programs. Insider threats can take many forms, including data theft, corporate espionage, and even workplace violence, all of which can significantly compromise sensitive information and organizational integrity.…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime Espionage and Cybercrime Campaign Linked to 7-Zip Mark-of-the-Web Exploit Targeting Ukraine Mathew J. Schwartz (euroinfosec) • February 4, 2025 Image: Shutterstock A severe security vulnerability in the widely utilized Windows archiving tool, 7-Zip, has reportedly been leveraged by Russian cyber adversaries to…
Increased Cyber Threats Targeting Small and Medium-Sized Enterprises: Insights from Dr. Zia Ush Shamszaman of Teesside University Small and medium-sized enterprises (SMEs) are facing a growing array of cyber threats, yet many continue to underestimate their exposure to such risks. According to Dr. Zia Ush Shamszaman, a cyber security expert…
Schools across the United States have increasingly become targets of cyberattacks, with over 300 such incidents documented over the past five years. This wave of digital assaults gained momentum following the disruption of education caused by the pandemic. An investigation by The 74 has revealed that many school districts are…
Microsoft Establishes Advanced Planning Unit to Anticipate AI Impacts In a strategic move to better understand the implications of artificial intelligence on society and the economy, Microsoft has launched a new research unit within its AI division. This "Advanced Planning Unit" (APU) is tasked with analyzing the potential effects of…
Rhode Island Public Benefits System Suffers Major Cybersecurity Breach In a significant cybersecurity incident, over half of Rhode Island’s population may have had their sensitive data compromised in the RIBridges breach, which was disclosed on December 13 by Governor Dan McKee’s office. Approximately 650,000 residents, including individuals enrolled in public…
