Rite Aid, a prominent retail pharmacy chain, is facing the repercussions of a significant data breach that compromised the personal information of millions of its customers. Following a cyberattack carried out by the RansomHub hacker group, approximately 2.2 million Rite Aid customers will receive a portion of a $6.8 million…
In a significant restructuring effort, the Department of Defense is reportedly planning to reduce its workforce dedicated to the prevention of chemical, biological, and nuclear weapon proliferation by up to 75%. This development comes amid ongoing efforts by the Trump administration to reshape various sectors of the federal government. Concurrently,…
Business leaders often dismiss the possibility of becoming victims of cyberattacks until they are caught in the crosshairs themselves, at which point the consequences can be dire. Recently, I observed three companies falling prey to cybercrimes that utilized social engineering tactics, prompting a stark realization about the threats facing executives.…
MDR Landscape Stays Steady as Vendors Chase Advancements in AI and Detection Techniques The managed detection and response (MDR) sector continues to see strong competition, as industry leaders, including cybersecurity giant CrowdStrike, alongside specialist providers Expel and Red Canary, maintain their dominant positions in Forrester’s latest MDR ranking. This year’s…
As cyber threats evolve in complexity and frequency, Chief Operating Officers (COOs) are increasingly looking to generative AI (GenAI) as a means to bolster their organizations’ data security measures. The December 2024 AI MonitorEdge Report from PYMNTS Intelligence highlights this trend, revealing that COOs are optimistic about the long-term advantages…
The United States Army is piloting a generative artificial intelligence tool known as CamoGPT, aimed at screening and identifying references to diversity, equity, inclusion, and accessibility (DEIA) for potential removal from its training materials. This initiative aligns with a recent executive order signed by then-President Donald Trump, mandating a reevaluation…
With businesses ramping up their migration to cloud services for improved cost management, scalability, and expedited service delivery, cybercriminals are keenly aware of these shifts. Cloud technology has emerged as an essential element of contemporary business strategies, providing unmatched adaptability and innovation. However, this invaluable resource also carries significant risks.…
In September 2023, KrebsOnSecurity revealed that security analysts had linked a series of six-figure cyberheists affecting numerous victims to the compromise of master passwords from the password management service LastPass, which suffered a breach in 2022. This conclusion has now been reiterated by U.S. federal agents investigating a significant $150…
Texas Man Convicted for Sabotaging Employer’s Computer Systems In a significant cybersecurity case, a Texas man has been found guilty of sabotaging the computer systems of his employer and intentionally deleting crucial data. This alarming incident underscores the vulnerabilities that businesses face from insider threats, even as they strive to…
