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High-Level Admin of FIN7 Cybercrime Group Sentenced to 10 Years in Prison

Fedir Hladyr pleaded guilty in 2019 to conspiracy to commit wire fraud and conspiracy to commit computer hacking.A high-level manager of cybercrime group FIN7, also known as the Carbanak Group and the Navigator Group, has been sentenced to ten years in prison, the Department of Justice reports.FIN7 has operated since at least 2015 and had more than
Publish At:2021-04-16 19:12 | Read:141 | Comments:0 | Tags: cybercrime cyber

How AI in Cybersecurity Addresses Challenges Faced by Today’s SOC Analysts

Today’s security operations centers (SOC) have to manage data, tools and teams dispersed across the organization, making threat detection and teamwork difficult. There are many factors driving complex security work. Many people now work from home with coworkers in far-away places. The cost and maintenance of legacy tools and the migration to cloud als
Publish At:2021-04-16 12:31 | Read:114 | Comments:0 | Tags:Security Intelligence & Analytics Artificial Intelligence Cl

Cyber thieves move $760 million stolen in the 2016 Bitfinex heist

Over $760 million worth of Bitcoin that were stolen from cryptocurrency exchange Bitfinex in 2016 were moved to new accounts. More than $760 million worth of Bitcoin, stolen from Asian cryptocurrency exchange Bitfinex in 2016, were moved on Wednesday to new accounts. On August 2016, the Asian Bitfinex suffered a security breach that resulted in the the
Publish At:2021-04-15 13:14 | Read:202 | Comments:0 | Tags:Breaking News Digital ID Hacking Bitfinex information securi

White House launches plan to protect US critical infrastructure against cyber attacks

The White House is reportedly moving swiftly forward with a plan to harden the security of the US power grid against hacking attacks.According to Bloomberg, the Biden administration has a plan to dramatically improve how power utilities defend themselves against attacks from countries considered to be adversaries in cyberspace – such as Russia, Iran, N
Publish At:2021-04-15 12:52 | Read:152 | Comments:0 | Tags:Featured Articles Critical Infrastructure cyberattack Power

Malwarebytes releases SMB Cybersecurity Trust & Confidence Report 2021

What can we say about 2020 that hasn’t already been said? Beliefs were shaken. Values were questioned. Truths were tested. Then COVID happened and things really got crazy. The World Health Organization declared the coronavirus outbreak a global pandemic on March 12, 2020. That same day cybersecurity got flipped on its head.  Entire businesses had
Publish At:2021-04-15 11:44 | Read:110 | Comments:0 | Tags:Malwarebytes news CISOs cybersecurity trust & confidence rep

Uni of Hertfordshire Suffers Cyber-Attack That Takes Down its Entire IT Network

The University of Hertfordshire in the UK has been hit by a cyber-attack that has taken down its entire IT network as well as blocking access to its cloud-based services.The higher education institution revealed the attack occurred late on Wednesday 14 April in a statement posted on its website earlier today. As a result, all its online classes scheduled&nbs
Publish At:2021-04-15 10:52 | Read:91 | Comments:0 | Tags: cyber

NVIDIA Unveils 'Morpheus' Cybersecurity Framework

NVIDIA this week unveiled Morpheus, a cloud-native application framework designed to help cybersecurity providers analyze more data without sacrificing performance.According to NVIDIA, Morpheus leverages machine learning to identify anomalies and threats — such as phishing, data leaks and malware — through real-time inspection of all IP traffic in an organiz
Publish At:2021-04-15 08:00 | Read:136 | Comments:0 | Tags:Network Security NEWS & INDUSTRY Cloud Security Security

Aviation Industry Lacks Cohesive Cybersecurity Approach

A new study published today by the World Economic Forum (WEF) has identified the need for cybersecurity practices within the aviation sector to be unified. The study—Pathways to a Cyber Resilient Aviation Industry—describes how airlines, airports, and aircraft manufacturers currently take different approaches to countering cyber-ri
Publish At:2021-04-14 15:17 | Read:132 | Comments:0 | Tags: security cyber cybersecurity

New Jersey School Districts Investigate Cyber-Attacks

Cyber-attackers are believed to be targeting school districts in the New Jersey county of Somerset.Security incidents that occurred in the county over the past week caused day-long school closures at two educational establishments. Schools in Bernards were closed on April 7 and Hillsborough schools were shuttered on April 12 following suspecte
Publish At:2021-04-14 15:17 | Read:70 | Comments:0 | Tags: cyber

Cybersecurity VC Funding Hit Record in 2020 With $7.8 Billion Invested

Despite the coronavirus pandemic, 2020 was a record year in terms of venture capital funding for cybersecurity companies, with more than $7.8 billion invested, according to a new report from business information platform Crunchbase.Data from Crunchbase shows that cybersecurity venture funding has been on an upwards trend over the past decade, with roughly 1,
Publish At:2021-04-14 12:25 | Read:106 | Comments:0 | Tags:NEWS & INDUSTRY Management & Strategy security cyber

Bolstering Our Nation's Defenses Against Cybersecurity Attacks

Shawn Henry, former Executive Assistant Director of the FBI and current CrowdStrike president of services and CSO, shares the top three cybersecurity priorities that the Biden administration needs to address.For the cybersecurity community at large, 2020 was one of the most active years in recent memory. The COVID-19 pandemic provided the perfect nesting gro
Publish At:2021-04-14 12:22 | Read:125 | Comments:0 | Tags: security cyber cybersecurity

Cyber-Attack Shutters Half of Tasmania’s Casinos

Two of Tasmania's four casinos have been forced to close their doors following a cyber-attack.Threat actors struck the Australian island state's sole casino operator Federal Group with ransomware on April 3. The attack affected hotel booking systems in the company's Wrest Point and Country Club venues, sited in Sandy Bay and Launceston, resp
Publish At:2021-04-13 15:47 | Read:168 | Comments:0 | Tags: cyber

Fitch Partners with SecurityScorecard to Help Investors Assess Businesses’ Cyber-Risk

SecurityScorecard has partnered with credit rating firm Fitch Ratings, in a move designed to provide investors with clearer insights into companies’ cybersecurity postures.The announcement comes more than a year since the start of COVID-19 pandemic, a crisis which has led to many companies undergoing rapid digitization programs and shifting to remote w
Publish At:2021-04-13 15:47 | Read:179 | Comments:0 | Tags: security cyber

Cybersecurity Services Market to be Worth $192.7bn

The global cybersecurity services market will be worth $192.7bn in seven years' time, according to a new report by Grand View Research, Inc. Researchers believe that the market size, valued at $91.15bn in 2020, will expand at a compound annual growth rate (CAGR) of 10.2% from 2021 to 2028. Factors expected to drive the growth of the m
Publish At:2021-04-13 15:47 | Read:166 | Comments:0 | Tags: security cyber cybersecurity

Cyber-bullied Teen Takes Own Life

A teenager from upstate New York has killed himself after experiencing cyber-bullying and online blackmail.  The family of 15-year-old Riley K. Basford say he was tricked into sharing "personal" images over social media by a scammer posing as Basford's girlfriend. After obtaining the sensitive images, the scammer threatened to sh
Publish At:2021-04-13 15:47 | Read:134 | Comments:0 | Tags: cyber