The US Army has awarded cybersecurity firm Axellio a follow-on contract worth $25.7 million to improve the service’s capabilities in detecting and responding to various cybersecurity threats. Under the contract, the American company will provide packet capture node systems to additional sites for three more years. This contract is an extension of the 2020 agreement […]
Charles Carmakal has a problem: Ransomware has become so prolific that he has too much business. “We’re getting calls from organizations almost every single day,” Carmakal, the chief technology officer at the cybersecurity giant Mandiant, said in a phone call. “We’re barely able to keep up.” And that was before cybersecurity professionals had to deal […]
The gang behind a “colossal” ransomware attack has demanded $70m (£50.5m) paid in Bitcoin in return for a “universal decryptor” that it says will unlock the files of all victims. The REvil group claims its malware, which initially targeted US IT firm Kaseya, has hit one million “systems”. This number has not been verified and […]
BEIJING, July 5 (Reuters) – China’s cyberspace watchdog said on Monday it is investigating online recruiter Zhipin.com, and truck-hailing apps Huochebang and Yunmanman, ramping up a crackdown on the mainland’s tech companies amid tightened regulations on data security. The announcement comes a day after the Cyberspace Administration of China (CAC) ordered a suspension of app […]
Digital transformation is at the heart of every industry. There are no longer any industries that are immune to the rapid adoption of this movement. When we think of the construction industry, we may think back to an image of ironworkers sitting over a city and enjoying a lunch break on a construction beam. However, rapid digitalization has […]
Virtually all businesses experienced at least one cloud data breach in the past 18 months, a new survey has claimed. Conducted by IDC on behalf of cloud infrastructure security company, Ermetic, the survey discovered that 98% of the surveyed companies admitted to experiencing at least one cloud data breach in the past 18 months, compared to 79% […]
When it comes to the meteoric potential of 5G, we’re well past the phase of conjecture, speculation, and prediction. 5G is well and truly here, bringing with it a wealth of opportunity for brands across the world – and we’re already seeing its power in action as more cities and businesses embrace its inexorable rise. […]
What seems to be the largest password collection of all time has been leaked on a popular hacker forum. A forum user posted a massive 100GB TXT file that contains 8.4 billion entries of passwords, which have presumably been combined from previous data leaks and breaches. According to the post author, all passwords included in […]
The attackers claimed to have downloaded source code for games such as FIFA 21 and for the proprietary Frostbite game engine used as the base for many other high-profile games. News of the hack was first reported by news site Vice, which said some 780GB of data was stolen. EA said no player data had […]
Our theme of Cyber Security Stocks remains down by about 1% year-to-date, significantly underperforming the S&P 500 which has gained about 13% over the same period. However, the theme has picked up a bit since our last update in mid-May, when it was down by 6%.The underperformance versus the broader indices is likely due to […]