Here's Where Top Cybersecurity Vendors Stand as 2025 Nears

Michael Novinson • December 6, 2024

Three of the world's largest pure-play cybersecurity vendors recently reported earnings, grappling with SIEM and firewall displacement opportunities along with rebounding from a massive outage. Palo Alto Networks continues to reap the benefits of buying IBM's QRadar SaaS business.

Artificial Intelligence & Machine Learning

Upwind Raises $100M to Thwart Cloud Security Vulnerabilities

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Cybercrime

Moody's: Hackers Aim for Big Payouts, Supply Chain Attacks

David Perera • December 9, 2024

Improved cybersecurity will result in ransomware hackers targeting larger organizations to wring out high dollar extortion payments and intensified focus on supply chain attacks, predicts Moody's Ratings. The share of ransomware victims willing to meet criminal demands for money is at record lows.

Governance & Risk Management

Rhode Island Schools Deploy DNS Service to Tackle Ransomware

Chris Riotta • December 9, 2024

Rhode Island will become the first state in the nation to launch a statewide cybersecurity tool for K-12 schools, offering enhanced protection against ransomware threats with a new, no-cost, federally funded service that will shield 136,000 students across 64 school districts.

3rd Party Risk Management

FDA Urges Blood Suppliers to Beef Up Cyber

Marianne Kolbasuk McGee • December 9, 2024

The Food and Drug Administration is urging blood suppliers - a recent target of attacks - to bolster their cybersecurity practices to prevent and mitigate cyber incidents that could affect the supply and safety of critical blood and blood components used for transfusions and other patient care.

Artificial Intelligence & Machine Learning

Shaping the Future: How Gen AI Is Transforming 3D Design

Rahul Neel Mani • December 9, 2024

At AWS re:Invent 2024, Autodesk unveiled its innovative vision for generative AI in design. From Project Bernini's billion-parameter foundation model to sustainable workflows powered by AWS, the company is transforming 3D CAD design and shaping the future of creativity.

Cybercrime

Are We Winning Against Cybercriminals or Losing?

CyberEdBoard • December 9, 2024

Cybercriminals are launching relentless attacks. The potential for breaches and exploitation has increased as the world has become more connected, raising an urgent question: Are we winning the fight against cybercriminals, or are we just sinking deeper into their grasp?

Cyberwarfare / Nation-State Attacks

Spyware Campaign Targets Sino Minority Groups Via WeChat

Anviksha More • December 6, 2024

A possible Chinese state threat group is targeting vulnerabilities in messaging apps to deliver spyware in cross-platform devices used by members of ethnic minorities targeted for repression by Beijing. Trend Micro dubs the group "Earth Minotaur."

Breach Notification

Hacker Extorts HDFC Life for Breach of 16 Million Records

Jayant Chakravarti • December 6, 2024

A threat actor who claims to have stolen 16 million customer records from HDFC Life is demanding a $6.9 million ransom to keep from selling it on the darkweb. The stolen records of the Indian insurance giant are being advertised for sale beginning Dec. 6 for 200,000 tether, or $200,000.

Email Security & Protection

Insider Breach, Email Attacks Net $1.7M in HIPAA Fines

Marianne Kolbasuk McGee • December 6, 2024

An insider breach at a Florida pain management firm and an email breach at a Colorado pediatric hospital have resulted in more than $1.7 million in fines for HIPAA violations found by federal investigators. The two incidents affected fewer than 50,000 people.

Fraud Management & Cybercrime

Dutch Counter-Ransomware Initiative Led to Global Takedowns

Akshaya Asokan • December 6, 2024

A Dutch public and private sector anti-ransomware initiative has contributed to ransomware disruptions globally, found an assessment from the University of Leiden. "Project Melissa" was launched in 2023 by Cybersafe Netherlands, the Dutch National Cyber Security Center and security companies.

Artificial Intelligence & Machine Learning

Trump's AI, Crypto Czar David Sacks Faces Conflict Scrutiny

Chris Riotta • December 6, 2024

President-elect Donald Trump's appointment of former PayPal executive David Sacks to serve as the inaugural White House czar for artificial intelligence and cryptocurrency is already raising significant concerns about potential conflicts of interest and market favoritism.

Artificial Intelligence & Machine Learning

ISMG Editors: China Outpacing US in Critical Technology R&D

Mathew J. Schwartz • December 6, 2024

In the latest weekly update, ISMG editors discussed China outpacing the U.S. in critical technology research investments, why all 10 RSA Conference 2025 Sandbox Innovation finalists will receive a $5 million investment, and how artificial intelligence dominated the AWS re:Invent 2024 conference.

CISO Trainings

Protecting the C-Suite in the Wake of UHC CEO's Murder

Marianne Kolbasuk McGee • December 6, 2024

The torrents of public hostility directed at health insurers in the aftermath of UnitedHealthCare CEO Brian Thompson's murder are serious signs of intensifying cyber and physical threats facing the C-suites of healthcare and many other sectors, said Chris Pierson, founder and CEO of BlackCloak.