cybersecurity News

Cyber MGA Coalition Predicts Common Vulnerabilities to Increase 25% in 2024

Cyber insurance provider Coalition said it expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25% in 2024 to 34,888 vulnerabilities, or roughly 2,900 per month. The insurtech’s Cyber Threat Index 2024 detailed cybersecurity trends from …

Biden Seeks to Bolster Port Cybersecurity With Executive Order

President Joe Biden will sign an executive order designed to implement new cybersecurity requirements for the nation’s port owners and operators amid growing concerns that hackers could roil crucial supply chains. The order will give the US Coast Guard new …

Google Calls Out Spyware Firms and Advocates for Tighter Regulation

Internet giant Google on Feb 6 called out a series of surveillance software companies that it said were enabling the use of dangerous hacking tools, and urged the United States and its allies to do more to rein in the …

Microsoft Warns Other Firms of Russian-Sponsored Group in Email Hacking

Microsoft Corp. said an account that was compromised by Russia-linked hackers, resulting in a hack of some company emails including senior leaders, didn’t have multifactor authentication enabled. The hackers “tailored their password spray attacks to a limited number of accounts, …

Wall Street Stock-Lending Platform Crashes in Ransomware Attack

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial-technology firm that processes trillions of dollars of securities-lending transactions every month. The company, partly owned by some …

Microsoft Says Russia-Linked Group Hacked Employee Emails

Microsoft Corp. said a Russian-linked hacking group attacked its corporate systems, getting into a “small number” of email accounts, including those of senior leadership and employees who work in cybersecurity and legal. The company said it’s acting immediately to fix …

Kansas Court System Seeks $2.6M to Recover from Cyberattack

TOPEKA, Kan. (AP) — The Kansas court system needs at least $2.6 million in additional funds to recover from an October cyberattack that prevented the electronic filing of documents and blocked online access to records for weeks, the state’s top …

Majority of Underwriters Predict Cyber Risks Grow ‘Greatly’ in 2024: Survey

Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk will increase in …

Lawmakers Urge SEC to Fix Cybersecurity After X Account Hack

U.S. lawmakers have urged the Securities and Exchange Commission (SEC) to review its cyber security preparedness after the financial regulator’s X account posted market material information earlier in the week due to a hack. Someone briefly accessed its X, formerly …

SEC Had a Fraught Cyber Record Long Before X Account Was Hacked

The hack of the U.S. Securities and Exchange Commission’s X account earlier this week is shining a light on an uncomfortable truth: Cybersecurity measures at Wall Street’s chief regulator have repeatedly been found to be lacking. The agency wasn’t fully …