cyber security News

Texas Transportation Agency Hacked in 2nd Attack on State Government

Texas’ transportation agency has become the second part of the state government to be hit by a ransomware attack in recent days. Someone hacked into the Texas Department of Transportation’s network in a “ransomware event,” according to a statement the …

Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding

Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence Capital (AIC), with additional support from existing investors including …

AXA Ventures Leads $5M Investment in Cyber-Security Startup Hub Security

Hub Security, a startup that offers military-grade cyber-security solutions for fintech, cloud, blockchain and data storage, announced it has closed a $5 million Series A funding round led by AXA Ventures, with participation from Jerusalem-based OurCrowd. The company said the …

SAP Admits to Security Lapses in Some Products, but Says There Was No Data Breach

Business software group SAP disclosed on Tuesday that some of its cloud products did not meet contractual or statutory security standards and said it would take remedial action to fix the problem as soon as possible. The shortcomings were not …

Zoom Video Login Details Put on Sale by Hackers on Dark Web: Times Report

Hackers put more than half a million login details for the teleconferencing app Zoom on the dark web, the Sunday Times newspaper reported. The logins were put up for sale at 1 pence (1.25 cents) each and were discovered and …

As Attacks Rise, Paladin Offers Cybersecurity Platform Free to Insurance Agencies

Paladin Cyber is offering independent agents and brokers throughout the U.S. free one-year enrollment in its Paladin Shield cybersecurity platform. The offer is in response to more employees working at home and a sharp rise in cyber attacks related to …

Cyber Criminals Increasingly Will Target Top Executives in Ransomware Attacks: Report

Senior executives increasingly will be targeted by cyber criminals looking for ways to steal money from large corporations, according to a report from cyber analytics provider CyberCube. Organized criminals and hackers are moving away from high volume, low-value methods of …

Health-Care Providers See Surge in Ransomware Attacks in Europe, U.S.

When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce. The coronavirus crisis was just beginning to take hold in …

UK, U.S. Banks and Regulators Warn of Wave of Coronavirus Scams

UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes. With British households …

Employers Beware: Working from Home Creates New Cyber Risks

As companies and government agencies send their employees home to avoid contact with the coronavirus, many cyber-security teams are facing the unenviable challenge of securing sprawling, vulnerable networks. Every time an employee connects to their corporate network from home, they’re …