Expect the healthcare and banking sectors to record the greatest direct losses in the U.S. as a result of the global disruptions caused by a faulty CrowdStrike software update crashing Windows systems, an underwriting agency reported, forecasting Fortune 500 direct losses of $5.4 billion.
Check Point Software tapped the longtime leader of an Israeli cybersecurity incubator to be just the second CEO in the firewall behemoth's 32-year history. The company selected Team8 co-founder and Managing Partner Nadav Zafrir to replace Gil Shwed, who has led Check Point since inception in 1993.
Ransomware group Daixin is threatening to leak sensitive medical information of 10 million patients on the dark web. The group claims to have stolen the data in an attack on Louisiana-based Acadian Ambulance - the latest in a string of incidents targeting emergency medical services.
A federal investigation into an assassination attempt on Republican presidential nominee Donald Trump encountered "significant technical challenges" due to the shooter's use of encrypted devices and platforms, FBI Director Christopher Wray said Wednesday.
Cybersecurity incidents are not just technical problems. They are also major public relations challenges. Effective IT and cybersecurity leadership during a crisis can significantly affect your company's reputation, stakeholder trust and overall recovery - and have a big impact on your career.
The Department of Health and Human Services is facing some of the same cloud security problems as the healthcare organizations it regulates: weaknesses in a dozen different cloud security controls and inventories of cloud systems, according to an inspector general's audit report.
On day five of the Windows outages due to a faulty CrowdStrike update, there is cautious optimism as IT experts report significant restoration of downed systems. One IT asset management provider said that 93% of affected CrowdStrike systems across its customer base appear to have been fixed.
Hackers stole sensitive information belonging to roughly half of Australia's population during an April ransomware attack against e-prescription firm MediSecure, which says it can't afford the incident's "significant" response costs. The company has announced its liquidation.
Microsoft's statement that a faulty CrowdStrike update affected less than 1% of active Windows systems doesn't tell the full story, since large organizations in critical sectors make up a disproportionate part of the user base, as the outages in healthcare, transportation and banking demonstrate.
Expect the global IT disruptions caused by a bug in CrowdStrike's software to prompt quality assurance questions for the cybersecurity vendor. Experts say the incident also highlights shortcomings in the Windows operating system, as well as many organizations' business resiliency plans.
Banks, airlines, media giants and others are being disrupted by a mass, global IT outage tied to Windows PCs. While CrowdStrike has issued a workaround tied to a Falcon software update that appears to be the culprit, many IT administrators say it so far remains difficult to implement at scale.
Ransomware remains a major threat to energy, oil/gas and utilities organizations of all sizes around the globe. Our 2024 state of ransomware report reveals that the median recovery costs for two critical infrastructure sectors - energy and water - quadrupled to $3 million over the past year.
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