cyber security News

Cyber Risk Management Specialist KYND Secures New Funding for Global Growth Plans

KYND, the London-based provider of cyber risk management solutions, has disclosed “a substantial investment” to propel expansion and further growth. The investment comes from Verisk, a leading global data analytics and technology provider, and existing backer BGF, one of the …

Hamas-Linked Hackers Targeted Israeli Engineers Ahead of Oct. 7 Massacre: Research

A pro-Palestinian hacking group targeted Israeli software engineers as part of an attempt to dupe them into downloading malware weeks before the Oct. 7 massacre, according to findings from cybersecurity researchers at Alphabet Inc.’s Google. The attack, dubbed Blackatom, was …

Viewpoint: How Corporate Help Desks Became the Weak Spot in Cyber Defenses

The cyberattack on MGM Resorts in September 2023 provides a vivid example of the effects these types of attacks can have in today’s complex and interconnected IT environments. MGM estimates the incident-related costs at upwards of $100 million, after the …

Australia Imposes Sanctions on Russian Citizen Over Hack of Insurer Medibank

Australia imposed cybersecurity sanctions for the first time on a Russian hacker over his role in the breach of healthcare insurer Medibank Private Ltd. that exposed the sensitive private data of millions of Australians. Foreign Minister Penny Wong announced Tuesday …

Hezbollah, Russia-Linked Hackers Step Up Cyberattacks on Israel: Cybersecurity Firm

The Iran-backed Hezbollah militant group in Lebanon and Russia-linked hackers have stepped up cyberattacks against Israel since the war with Hamas began, according to the chief technology officer of Israel-founded cybersecurity company Check Point Software Technologies Ltd. “While a lot …

EU Weighs Wider Scope for Cybersecurity Certification Scheme: Proposal

The European Union is considering broadening the scope of proposed cybersecurity labeling rules that would affect not just Amazon, Alphabet’s Google and Microsoft but also banks and airlines, according to the latest draft of the rules. The EU move to …

Siemens, Ericsson Warn Proposed EU Cybersecurity Rules May Disrupt Supply Chains

Electronics makers Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope warned on Monday that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply chains on a scale similar to during the pandemic. Proposed by …

‘Urgent Need’ to Understand Single Points of Failure in Digital Supply Chains: Report

The rise of cyber risk accumulation events has highlighted the need for cyber insurers and reinsurers to understand single points of failure (SPoFs) within their customers’ digital supply chains, according to a new report published by the International Underwriting Association …

Israeli Cyber Professionals Band Together to Fight Hacktivist Activity Amid Gaza War

As Israeli children listened to their teacher over Zoom, the image of a gun-toting man in fatigues appeared on the screen, according to a screenshot shared with Reuters. In another case, a video showed a billboard in the central Israeli …

Key to Proactive Cyber Security Is Management of Third-Party Vendor Risks

The hack of the MOVEit file transfer platform, developed by Progress Software and used by businesses of all sizes, serves as a reminder of the potential vulnerabilities faced by third party vendors. In this June 2023 hack, attackers exploited a …