In the 21-month stretch from October 2020 to June 2022, a whopping 48 cybersecurity startups received 10-figure valuations as investors evaluated prospects on potential rather than performance. Now that the financial boom has gone bust, what happens to these unicorns from a different economic era?
Accenture has bought Morphus to get more intelligence around fraud and other cybercrimes Brazilian criminals are perpetuating in the digital world. The Morphus acquisition will help Accenture customers take on financially motivated cyber fraud and insider threats that are pervasive in Brazil.
Seattle police have charged an online retailer's "shopping experience" software programmer with engineering a fraud scheme based on the movie "Office Space," in which malicious software was used to transfer a fraction of every transaction into an outside account.
Belgian banking giant Degroof Petercam is warning hundreds of clients that their employees are at risk of fraud after personal details tied to their stock option plans were accessed, potentially by an ex-employee. The bank has reported the data breach to the Belgian Data Protection Authority.
The latest edition of the ISMG Security Report discusses how investigators saw the collapse of cryptocurrency exchange FTX as "one of the biggest financial frauds in American history," how CISOs can guard against their own liability, and major security and privacy shifts and the outlook for 2023.
Elon Musk lugged a sink into Twitter headquarters to announce his takeover of the social network. But it will take more than a porcelain prop for the richest person in the world to successfully surmount the cybersecurity, legal, disinformation, regulatory and other challenges facing Twitter.
Multifactor authentication needs to move away from one-time passwords sent via text message and embrace modern standards that prevent man-in-the-middle attacks. Plus, excessive identity challenges online lead to 20% of e-commerce transactions being abandoned, say experts at Authenticate 2022.
Too often when software developers change jobs, they take source code they've written with them, feeling the code belongs to them even if it belongs to an employer. Code42's Joe Payne shares the challenges of detecting source code theft and ways to protect intellectual property wherever it resides.
The latest edition of the ISMG Security Report discusses the appearance at a Senate hearing this week by the former head of security for Twitter; the top-performing web application and API protection vendors, according to Gartner's Magic Quadrant 2022; and threat trends to watch for in 2023.
The U.S. Department of Justice obtained its first ever guilty plea in a cryptocurrency insider trading case after Nikhil Wahi, 26, admitted to a scheme to buy crypto assets ahead of their listing on Coinbase. Wahi is one of a trio facing charges that includes his brother, a former Coinbase employee.
Twitter security exec-turned-whistleblower Peiter Zatko today listed alleged security and privacy shortcomings of the social media company for a Senate panel. "It's not farfetched to say that an employee inside the company could take over the accounts of all of the senators in this room," he said.
Post-pandemic, in the new era of hybrid work, Mastercard CSO Ron Green says the unintentional insider threat is one of his top concerns for member institutions and their customers. He shares insight on threats, partnerships and how the public and private sectors can address workforce development.
Would you trust an accused hacker? Specifically, one Nickolas Sharp, a software developer charged with extorting former employer Ubiquiti, after allegedly engineering a data breach and posing as an anonymous whistleblower in media interviews.