cybersecurity

Cyber companies need a best practice approach to major incidents.

4 minutes of reading / AI, compliance, cybersecurity, Okta, social media, Tech, VPN / By

Cyber security companies have made global headlines recently with a series of significant incidents which caused widespread disruption. The CrowdStrike incident is estimated to have cost Fortune 500 companies as much as $5.4bn, according to Parametrix analysis. The Okta data breach and Ivanti Virtual Private Network (VPN) vulnerabilities raise similar concerns about the impact cyber…

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HSBC tests post-quantum VPN tunnel for digital ledgers

3 minutes of reading / blockchain, cybersecurity, quantum computing, Tech, VPN / By

HSBC has worked with Quantinuum to trial “the first application” of quantum-secure technology for distributing tokenised physical gold. The HSBC Gold Token for retail investors in Hong Kong allows the bank’s customers to acquire fractional ownership of physical gold. Moving these tokens over financial networks requires encryption that cannot be broken by high-performance quantum computers…

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Cyber firms need to centre their own resilience

3 minutes of reading / agile, business continuity, cybersecurity, disaster recovery, Microsoft, risk management, Tech / By

Information security is essentially an information risk management discipline. By rendering many information systems inoperable, the global outage precipitated by Crowdstrike prevented several companies from accessing critical business information due to unplanned and extended downtime. The unavailability was not only to information systems, but also to related information processing. It was not only an information…

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300,000 users of a top car rental company had their data stolen

2 minutes of reading / cybersecurity, Tech / By

In the latest of a neverending string of data breaches, the car rental company Avis has revealed that the data of nearly 300,000 users was stolen by hackers.As explained in a letter to affected customers, Avis discovered that an unauthorized third party had gained access to one of its business applications on August 5, 2024.…

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Intel Sells Its Arm Shares, Reduces Stakes in Other Companies

2 minutes of reading / cybersecurity, Intel, Tech / By

Intel has divested its entire stake in Arm Holdings during the second quarter, raising approximately $147 million. Alongside this, Intel sold its stake in cybersecurity firm ZeroFox and reduced its holdings in Astera Labs, all as part of a broader effort to manage costs and recover cash amid significant financial challenges. The sale of Intel’s…

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Massive global Windows PC failure is crippling thousands of businesses

2 minutes of reading / cybersecurity, Tech / By

Update: CrowdStrike announced a workaround to take Windows machines from the recovery boot loop. The steps are at the end of the story.The Blue Screen of Death is impacting thousands of Windows machines today, as a faulty update from cybersecurity provider CrowdStrike is forcing those machines into a recovery boot loop, so they can’t start…

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How to ensure public cloud services are used safely and securely

4 minutes of reading / Cloud, cloud computing, compliance, cybersecurity, data privacy, digital transformation, firewalls, Intel, penetration testing, Tech / By

By Published: 12 Jun 2024 The public cloud is a cloud computing model that enables resources such as applications, data storage, and virtual machines to be accessed remotely and on demand. While largely a benefit, it also leaves organisations open to public cloud security risks, particularly when they allow users to access on-demand services from…

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Microsoft’s changes AI Recall feature after intense criticism

2 minutes of reading / AI, cybersecurity, Microsoft, Tech / By

When Microsoft pulled back the curtain on Copilot Plus PCs in May, one announcement caught the eye of many cautious Windows users. One of the exclusive features coming to Copilot Plus PCs is called Recall, which uses artificial intelligence to take snapshots of the screen, store and analyze them locally, and then allow you to…

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Better hygiene may mitigate the need to ban ransomware payments

6 minutes of reading / AI, business continuity, cybersecurity, Tech / By

The general belief that a cyber breach is a matter of ‘if’ not ‘when’ means all organisations potentially face the highly unwelcome prospect of being infected by ransomware, with critical data and operational capabilities only being released following payment to the attacker. Handling a ransomware attack calls for the enterprise to weigh up the value…

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MGM faces £100m loss from cyber attack on its casinos

3 minutes of reading / cybersecurity, Okta, Tech / By

US leisure and hospitality giant MGM Resorts has confirmed that hackers stole the personal information of an unspecified number of its customer’s following an early September cyber attack that is expected to cost the company $100m. The 11 September cyber attack – perpetrated by the UNC3944 threat group, otherwise known as Scattered Spider, likely as…

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