Tag: Picus Security
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...
Picus Security simulation analysis shows only 6/10 cyber attacks prevented
August 9, 2023SSN Staff
SAN FRANCISCO – Picus Security has used its pioneering Breach and Attack Simulation (BAS) technology to run over 14 million simulated attacks, and in a published report has noted four “impossible tradeoffs” for security teams.
According to the analysis performed by Picus Security, only 6 out of every 10 cyber attacks are prevented statistically by organizations. Trying to shore up defenses against these kinds of attacks put cybersecurity teams in a situation where they must...
Fintech company Revolut plagued by security issues
July 12, 2023Ken Showers, Managing Editor
LONDON – It’s been a tough week for global neobank and fintech company Revolut as it deals with the fallout of both a system flaw and cybersecurity data breach.
A flaw in the banking entity’s U.S. payment system allowed criminals to steal as much as $20 million in funds over a span of several months in 2022. According to reporting by the Financial Times the incident has yet to be publicly disclosed and is the latest setback for the company as it struggles to obtain its banking...
ScanSource experiences ransomware attack as CISA issues advisory
May 17, 2023Ken Showers, Managing Editor
GREENVILLE, S.C. – ScanSource, Inc., a hybrid distributor connecting devices to the cloud, announced that it was affected by a ransomware attack that impacted some of its systems.
The company discovered the intrusion on May 14, 2023, and immediately launched an investigation into the attack while implementing its Incident Response Plan. In the company’s official release, ScanSource said it is actively managing the incident and are taking steps toward remediation. “The...
Picus Security announces launch of new validation platform
November 11, 2022SSN Staff
SAN FRANCISCO – Picus Security has announced the availability of its new, next generation security validation technology platform.
The Picus Complete Security Validation Platform improves on the company’s Breach and Attack Simulation (BAS) method and provides ease of use to remove any barrier of entry for security teams looking to utilize the platform. Any size organization can automatically validate security controls performance, find high risk attack paths to critical assets, and...