Companies have rapidly adopted digital strategies to fuel growth and profitability, yet many of these changes have inadvertently accelerated the risk of cyberattacks. As evidenced by the recently released 2023 OpenText Cybersecurity Threat Report, cybercriminals are taking advantage of these gaps.
The launch of Microsoft's Security Copilot may have attracted the most attention in the market since it was developed by the company that brought generative AI chatbots to the masses, but it's neither the first nor the only security product to incorporate OpenAI's ChatGPT into its design.
The cybercrime economy appears to remain alive and well: Compared to last year, researchers report seeing an increase in the number of known ransomware victims as well as initial access listings, which facilitate such attacks. The impact the takedowns of BreachForums and Genesis remains to be seen.
Netography has added more detection features and data science capabilities to help large enterprises better understand what's on their networks, according to CEO Martin Roesch. The Annapolis, Maryland-based company over the past 12 months has quintupled the amount of data ingested into its system.
Warning to criminals: Could that cybercrime service you're about to access really be a sting by law enforcement agents who are waiting to identify and arrest you? That's the message from British law enforcement agents, who say they're running multiple DDoS-for-hire sites as criminal honeypots.
Corelight has cemented partnerships with incident response firms and extended its capabilities from large enterprises to midsized enterprises to further the reach of its technology. Corelight allows its product to be used by CrowdStrike's incident response team during network-based investigations.
Orca Security has promoted Chief Product Officer Gil Geron to CEO to help the agentless cloud security vendor maintain its market leadership and rapid growth. The leadership swap at Portland, Oregon-based Orca will result in Avi Shua moving to the newly created position of chief innovation officer.
Not all ransomware groups wield crypto-locking malware. Some have adopted other strategies. Take BianLian. After security researchers released a free decryptor for its malware, instead of encrypting files, the group chose to steal them and demand ransom solely for their safe return.
Cybercriminals have been launching attacks against our people, networks, and services for decades with varying success. So, the need to realign our defences to meet the demands of evolving threats is nothing new.
The LockBit ransomware operation claims to have stolen data from a Texas-based supplier to Elon Musk's SpaceX, which designs, manufactures and launches rockets and spacecraft. It's the latest PR-grabbing attempt by the prolific LockBit extortion group.
Key to the business success of top ransomware groups remains their ability to find innovative new ways to amass victims. For Hive, which received more than $100 million in ransom payments before being disrupted by law enforcement, the new business strategy that helped it thrive was co-working.
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