Will large language models such as ChatGPT take cybercrime to new heights? Researchers say AI for malicious use so far remains a novelty rather than a useful and reliable cybercrime tool. But as AI capabilities and chatbots improve, the cybersecurity writing is on the wall.
The cybersecurity industry experienced a dramatic drop-off in funding, stock prices and M&A activity as the economic downturn took hold in late 2022. Venture capital financing tumbled to $18.5 billion in 2022, 39% lower than the record-breaking $30.4 billion invested in 2021, Momentum Cyber found.
The adoption of new technologies, multi-cloud architectures and multiple data storage sites has resulted in data residing in more places than ever before. That's why enterprises need a single pane of glass to know who's touching their data and why, says Imperva CEO Pam Murphy.
As ransomware continues to disrupt British organizations, the U.K. for the first time has sanctioned alleged cybercriminals, including accused Conti and TrickBot operators. Ransomware victims must conduct due diligence before paying any ransom, as violating sanctions carries severe penalties.
Zscaler has agreed to purchase a startup established by a former Proofpoint executive to help organizations thwart SaaS supply chain attacks. The proposed acquisition of Tel Aviv, Israel-based Canonic Security will help customers streamline SaaS application governance and enforcement.
Banking Trojans, ransomware, fake finance apps programmed to steal data - the cybercriminal cartels have become more punitive in 2023, escalating destructive attacks on financial institutions. This is just one key finding of the annual Cyber Bank Heists report by Contrast Security's Tom Kellermann.
As the massive ESXiArgs ransomware campaign continues to target unpatched VMware ESXi hypervisors, cybersecurity experts have released a script that can decrypt at least some affected virtual machines. Ransomware trackers count at least 2,803 victims, primarily in France, the U.S. and Germany.
APIs represent the best and worst of times - "massive amounts of business value, but massive amounts of unmitigated risk," says Richard Bird, CSO, Traceable AI. In the past year, misconfigured or error-prone APIs resulted in high-profile breaches at Twitter and T-Mobile. He sees more on the horizon.
Organizations have struggled to understand why APIs are so strategic even though they're an intrinsic way businesses interface with their software, according to Checkmarx CEO Emmanuel Benzaquen. He says API abuse is slated to become one of the most common types of web application data breaches.
U.S. federal authorities are establishing a new office to tackle supply chain security issues and help industry partners put federal guidance and policies into practice. Former GSA administrator Shon Lyublanovits says she is spearheading the launch of the new organization.
The nearly $200 million it raised in December will allow Snyk to consolidate the developer security market through organic investment and M&A, says CEO Peter McKay. Snyk has focused on bringing open-source security, container security, infrastructure- as-code security and cloud security together.
Bad news for ransomware groups: Experts find it's getting tougher to earn a crypto-locking payday at the expense of others. The bad guys can blame a move by law enforcement to better support victims, and more organizations having robust defenses in place, which makes them tougher to take down.
Thoma Bravo, Vista Equity Partners and rival Francisco Partners have set their sights on a new target: Sumo Logic. Each of the three private equity firms has approached the Silicon Valley-based data analytics software vendor expressing interest in a possible acquisition, The Information reports.
The total amount of ransom payments being sent by victims to ransomware groups appears to have taken a big dip, declining by 40% from $766 million in 2021 to $457 million in 2022 due to victims simply being unwilling to pay, blockchain intelligence firm Chainalysis reports.
Organizations must grapple with software development happening at a faster pace than ever as well as an exponential increase in attacks on the software layer. Contrast Security has therefore developed new technology to secure code that's deployed quickly to the cloud, CEO Alan Naumann says.
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