security software News

Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix

The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 billion, modeling and insurance services firm Parametrix estimates. The portion of the loss covered under cyber insurance policies …

Without Backup Plans, Global IT Outages Will Happen Again

Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and until more contingencies are built into networks, and organizations put better back-up plans in place, it will happen again. Friday’s …

What Disruptions Have Been Reported After the Global Tech Outage?

A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike and Microsoft on Friday affected operations in sectors including airports, airlines, media and banks. Below is a list of disruptions that have been reported: AIRLINES, …

Global Tech Outage Disrupts Industries, Highlights Online Risks

A worldwide tech outage crippled industries from travel to finance on Friday before services started coming back online after hours of disruption, highlighting the risks of a global shift towards digital, interconnected technologies. A software update by global cybersecurity firm …

Judge Throws Out Apple Copyright Claims Against Security Software Startup Corellium

A federal judge in Florida on Tuesday dismissed Apple Inc.’s copyright infringement claims against a Florida startup whose software helps security researchers find vulnerabilities in Apple products including the iPhone. U.S. District Judge Rodney Smith ruled in favor of Corellium …

New Malware Called ‘Regin’ Targets Firms in at Least 10 Countries

An unidentified nation may have developed a “highly complex” surveillance tool that targeted companies and other victims in at least 10 countries including Russia and Mexico, Symantec Corp. researchers said. The tool, a malware dubbed “Regin,” has been been used …