Data breaches pose significant risks to organizations, with the financial repercussions being only one aspect of the problem. An alarming statistic from the 2024 Data Breach Investigations Report indicates that the average expense associated with a ransomware attack averages around $47,000, with some incidents costing companies millions. Furthermore, business email…
Identity & Access Management, Security Operations Significant Authentication Vulnerability Affects Millions of WordPress Users Prajeet Nair (@prajeetspeaks) • November 18, 2024 Image: Shutterstock A critical security flaw has been discovered in a popular five-in-one security plugin for WordPress, putting over 4 million sites at risk of automated hacking attacks. The…
German Court Rules on User Data Compensation from Meta Following 2018-2019 Breach In a significant legal development, a German court ruled on Monday that Facebook users whose data was improperly accessed between 2018 and 2019 are entitled to compensation. The Federal Court of Justice (BGH) in Germany has established that…
Gartner Unveils First Magic Quadrant for Identity Verification as Demand Grows Amid Evolving Threats Gartner recently released its inaugural Magic Quadrant report specifically focused on identity verification (IDV), highlighting a notable shift in its use as burgeoning workforce-related use cases arise. Traditionally, identity verification served regulated sectors such as banking…
Recent Cyber Breach Targets T-Mobile, Linked to Chinese Threat Group T-Mobile has recently disclosed that it was affected during a significant surge of telecom network breaches, an incident that has been attributed to a China-based threat actor known as Salt Typhoon. This group has been implicated in prior breaches of…
Surge in DocuSign Phishing Scams Targets U.S. Citizens and Government Agencies Recent cybersecurity reports reveal a significant uptick in phishing scams utilizing DocuSign, demonstrating a staggering 98% increase in malicious URLs between November 8 and November 14, compared to September and October combined. SlashNext, a cybersecurity threat research team, has…
Fraud Management & Cybercrime, Ransomware Russian National Evgenii Ptitsyn Indicted on 13 Criminal Charges David Perera (@daveperera) • November 18, 2024 A NASA image of Phobos, the largest of two moons orbiting Mars. (Image: NASA) The U.S. Department of Justice recently announced that Evgenii Ptitsyn, a 42-year-old Russian citizen, was…
The Information Commissioner’s Office (ICO) recently levied a record £750,000 fine against the Police Service of Northern Ireland (PSNI) for what has been termed the “most significant data breach in the history of UK policing.” This unprecedented penalty followed the inadvertent disclosure of an Excel spreadsheet that contained the personal…
T-Mobile Breached Again: Cybersecurity Risks Amplified by Salt Typhoon Attack In a concerning development for the telecommunications sector, T-Mobile has been targeted by a cyberespionage campaign orchestrated by the Chinese state-sponsored hacking group known as Salt Typhoon. This breach underscores significant vulnerabilities within telecom infrastructure and highlights the ongoing struggle…
