Cybersecurity
LexisNexis Risk Solutions to acquire IDVerse
December 16, 2024SSN Staff
NEW YORK — LexisNexis Risk Solutions, a part of RELX, has entered into an agreement to acquire IDVerse, a provider of AI-powered automated document authentication and fraud detection solutions.
As a result, IDVerse will become part of LexisNexis Risk Solutions Business Services.
Founded in Australia and launched commercially in 2018, IDVerse uses AI to combat fraud and deepfakes. Its proprietary technology is powered by a neural network which verifies the authenticity of identity documents...
Rise of ransomware-as-a-service leading to blackmail-fueled industry
November 27, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — If you had trouble getting your morning coffee recently, you may have ransomware to blame for the disruption in service.
Arizona-based supply chain management company Blue Yonder found itself under attack by ransomware that managed to disrupt its managed services hosted environment for the company. Blue Yonder has a global clientele of over 3,000 members and includes names like Coca-Cola and Starbucks, which uses the software to manage worker schedules.
In...
Index Engines: Leverage AI for cyber resilience
October 16, 2024Ken Showers, Managing Editor
HOLMDEL, N.J. — Cybersecurity experts Index Engines have announced an “Ask the Expert” webcast and the release of an eBook in recognition of National Cybersecurity Awareness Month.
The webcast, “Ask an Expert: Leveraging AI for Cyber Resilience,” scheduled for Oct. 23 at 11:00 am ET, will review the importance of trusted data integrity and highlight the importance of recovery and more proactive cyber strategies to enhance cybersecurity.
“We...
Geutebrück USA adds Pierre Bourgeix to its advisory board
September 30, 2024SSN Staff
TAMPA, Fla.—Geutebrück USA, the North, South and Central American sales, support, and distribution arm of the German video security solutions manufacturer Geutebrück, has made a strategic move to bolster its leadership and expertise by appointing Pierre Bourgeix to its advisory board.
Bourgeix, the CEO and founder of the global security consultancy ESI Convergent, brings over three decades of extensive experience in the security industry, having held influential roles at prestigious...
UK ups protections of data centers
September 18, 2024Ken Showers, Managing Editor
LONDON—U.K. Technology Secretary Peter Kyle announced on Sept. 12 that the government would classify data centers as “Critical National Infrastructure” (CNI) in a move that experts say positions the country as one of the safest for business.
It’s the first CNI designation in almost a decade, since the Space and Defense sectors gained the same status in 2015, according to the Department for Science, Innovation and Technology.
“Recognizing data centers...
Risk Management: Experts discuss building security from the ground up
September 11, 2024Ken Showers, Managing Editor
YARMOUTH, Maine — Anywhere there is value generated, there will be risk, and so it follows that risk management is a crucial tool for any security company, especially when it comes to cybersecurity, experts say.
“If you’re creating value and making money, there’s inherent risk,” said Kasia Hanson, global senior director, security ecosystems development and partnerships, at Intel, one of three panelists during a recent webcast titled “Risk Management: A...
Black Basta ransomware costs Keytronic more than $17M
August 21, 2024Ken Showers, Managing Editor
SPOKANE, Wash. — A cybersecurity data breach of Keytronic, a manufacturing and engineering company, that occurred earlier this year has resulted in significant losses, the company’s recent financial results have shown.
The company reported that they had suffered a data breach from the Black Basta ransomware gang, which leaked 530 GB of stolen data following the attack, in a U.S. Securities and Exchange Commission report filed back in May. The results of that attack were reflected...
Cohesity issues 2024 Global Cyber Resilience Report
August 15, 2024SSN Staff
SAN JOSE, Calif. — Cyber resilience research commissioned by Cohesity has revealed that organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments.
The Cohesity Global Cyber Resilience Report 2024 was polled from over 3100 IT and Security decision-makers in eight countries and Cohesity said that data confirms the threat of cyberattacks - especially ransomware - continues to rise, with the majority...
Quorum Cyber turns tables on cybercriminals by exposing new RAT
August 14, 2024Ken Showers, Managing Editor
EDINBURGH, Scotland – Global cybersecurity firm Quorum Cyber announced that it has identified a novel new malware named SharpRhino.
During a ransomware investigation, the company’s Threat Intelligence team discovered previously unknown malware was being utilized by the threat actor Hunters International as an initial infection vector and subsequent Remote Access Trojan (RAT), representing an evolution in the tactics, techniques and procedures (TTP) of the prominent malware...
White House announces EC-Council $15M pledge to accelerate cyber skill development
August 5, 2024SSN Staff
WASHINGTON, D.C.—The White House has announced a pledge from EC-Council, a cybersecurity certification, education, training, and services organization, to accelerate skill development in the nation's cyber workforce.
Known as the creator of the Certified Ethical Hacker credential, EC-Council announced a $15 million pledge to reach over 50,000 students and advance academic institutions with eight turnkey, hands-on programs to build critical cybersecurity skills...