The first step in managing risk is recognizing it as a boardroom matter, and it demands that directors be prepared to understand and discuss the cyber issue and strategically guide C-level executives on this complex topic. It requires cyber competence in the boardroom, said CISO Marco Túlio Moraes.
A service selling DDoS disruptions via a Mirai-based botnet called Condi is the latest to target consumer-grade Wi-Fi routers made by TP-Link with firmware not yet patched to fix a known flaw. Unusually, a recently spotted sample of Condi has been stripped down to target only that flaw.
Malware developers are adopting an easy-to-use obfuscation tool that slips malware past antivirus, warn security researchers. BatCloak requires minimal programming skills to use. Among its recent successes is a recent remote access Trojan dubbed SeroXen.
A Russian government-linked threat group is using USB drives to spread a custom backdoor in a possible bid to reach air-gapped machines, said security researchers. The Security Service of Ukraine has identified the group, which it tracks as Armageddon, as a unit of the Russian FSB.
Moore Strategic Ventures led a $33 million investment into a military and transportation security startup founded by officers who stood up U.S. Army Cyber Command. The funds will help Shift5 expand from safeguarding military vehicles to protecting commercial modes of transportation.
Ransomware hackers are stretching the concept of code reuse to the limit as they confront the specter of diminishing returns for extortionate malware. In their haste to make money, some new players are picking over the discarded remnants of previous ransomware groups.
Suspected nation-state hackers are using malware that researchers say straddles the line between off-the-shelf and advanced tactics in order to target the U.S. aerospace industry. Researchers from Adlumin in May found the malware on a defense contractor's network.
Dragos has axed 50 workers after longer sales cycles and smaller initial deployment sizes caused the industrial cybersecurity vendor to miss its first quarter revenue target. Dragos revealed plans to reduce its staff by 9% to ensure the company can stay independent through an IPO or Series E round.
At the EU cybersecurity agency ENISA's recent conference on the cybersecurity upsides and downsides of AI chatbots, presenters urged "preparedness," recommending that cybersecurity professionals track the "warp speed" evolution of chatbots to target emerging risks as well as opportunities.
Cisco took its first major step toward realizing its secure cloud vision in April with the debut of a new extended detection and response platform. The next set of enhancements around generative AI, secure access and defending applications across multiple clouds debuted Tuesday at Cisco Live 2023.
Despite the beating new publicly traded security companies have taken during the economic downturn, Rubrik is looking to test its luck in the public market. Reuters reported Monday the firm is working with Goldman Sachs, Barclays and Citigroup in preparation for an IPO that could take place in 2024.
A Chinese espionage threat group is using a novel backdoor to bypass popular Indonesian antivirus tool Smadav. Targets include European embassies in Southeast and East Asia. Smadav treats processes with no windows as suspect. The APT gets around that by opening a window not visible to users.
SentinelOne plans to ax approximately 105 workers after a significant drop in data usage for products with consumption-based pricing caused revenue to fall short of expectations. The company revealed plans to reduce its staff by 5% to remain on track with achieving non-GAAP profitability next year.
Russian cybersecurity firm Kaspersky disclosed iOS zero-click malware on the same day the Kremlin claimed it had uncovered a U.S. intelligence smartphone spy campaign. "We have never worked with any government to insert a backdoor into any Apple product and never will," an Apple spokesperson said.
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