The past year brought on or exacerbated several trends in IT security facing the U.S. financial industry. Going into the third year of this pandemic, the same cyberthreats are expected to continue and potentially escalate if not checked, according to research from Aite-Novarica Group. IT security is “a difficult and important topic, perhaps the most […]
BEIJING — Warnings to use disposable “burner” phones and laptops. Privacy-protecting software. Concerns about a security flaw in an official Games smartphone app. Such precautions fueled unease about data privacy for competitors and attendees at the Winter Olympics in Beijing. Not everyone heeded them. “Honestly, I’ve been coming to China for 12 years or whatever, […]
Britain’s tech sector continues to break records as new government data shows more than 1,800 cyber security firms generated a total of £10.1 billion in revenue in the most recent financial year, a 14 per cent increase from the previous financial year. The DCMS Annual Cyber Sector Report, which tracks the growth and performance of […]
Securonix has announced a raise of more than $1 billion from Vista Equity Partners. The round marks the second-largest round by a U.S.-based, VC-backed company this calendar year—behind Cruise‘s $1.35 billion raise earlier this month, according to Crunchbase data. The round also is cybersecurity’s largest raise since San Jose, California-based cloud security provider Lacework closed a $1.3 billion round in November. That […]
Croatian phone carrier ‘A1 Hrvatska’ has disclosed a data breach exposing the personal information of 10% of its customers, roughly 200,000 people. The announcement does not provide many details other than that they suffered a cybersecurity incident involving the unauthorized access of one of their user databases, which contained sensitive personal information. The type of […]
NEW YORK—News Corp. told investors on Friday that in “January 2022, the Company…was the target of persistent cyberattack activity” and that it is working with an outside cybersecurity firm, to conduct “an investigation into the circumstances of the activity to determine its nature, scope, duration and impacts.” “The Company’s preliminary analysis indicates that foreign government […]
Amid a growing reliance on technology due to the coronavirus pandemic, cyberattacks have become a growing threat to schools across the United States – leading to school shutdowns and to demands for more funding to address the problem. Starting last year, when many schools were more dependent on technology in order to conduct virtual learning due to […]
This is the year of the breach, according to the Identity Theft Resource Center (ITRC), but last year was no prize either, according to the group’s 16th annual Data Breach Report for 2021. The good news is that the number of individuals who were hit by security breaches in 2021 declined for the third year […]
British companies have been urged to bolster their digital security over concerns of possible Russian cyber-attacks linked to the growing political crisis in Ukraine. The National Cyber Security Centre (NCSC), a part of the GCHQ intelligence agency, has updated its guidance telling firms to “build resilience and stay ahead of potential threats”. The NCSC said: “UK organisations are […]
When it comes to the financial damage that breaches can wreck on financial institutions, it is not just the outright theft of account funds, rectifying the loss of customer data or even just rebuilding network damage after an attack that can be costly — there are also the regulatory penalties and fines associated with not […]