Secureworks has executed its second round of layoffs since February, axing 15% of its workforce as the company pursues high-growth products and improved operating margins. The company will reduce its 2,149-person staff by roughly 322 positions as it seeks break-even adjusted EBITDA by January 2024.
U.S. authorities seized a web-hosting company used by ransomware hackers in a joint operation with Polish authorities that resulted in the arrest of five individuals and the indictment of the site's owner. The site, LolekHosted, now displays a banner showing its seizure by the FBI and the IRS.
Protect AI bought one of the world's largest certified naming authorities to create a bug bounty platform focused exclusively on AI and ML open-source software. The acquisition will allow customers to discover exploits in the AI or ML supply chain weeks before they're publicly revealed.
Security researchers from Microsoft disclosed flaws in a software development kit used for industrial applications, warning that hackers could attempt remote code execution. The computer giant says the flaws are in the Codesys software environment developed by the Germany company of the same name.
Public companies disclosing a cyber incident under the new U.S. reporting requirements should focus on the business impact and stay away from the technical pieces, said Venable's Grant Schneider. The disclosure should examine how the incident will affect revenue, profitability and public perception.
German intelligence is warning Iranian expatriates about a state-sponsored espionage campaign driven by individualized social engineering techniques. Iran's authoritarian regime has long surveilled its Western diaspora in campaigns that have included cyberespionage, assassinations and terrorism.
In the latest weekly update, ISMG editors discuss the White House's debut of a $20 million contest to exterminate bugs with AI, a New York man admitting to being behind the Bitfinex hack, and a new malware campaign that is targeting newbie cybercriminals in order to steal sensitive information.
A nonprofit firm that administers government dental programs in Canada paid a "substantial" ransom for a decryptor key and the destruction of data stolen in a recent ransomware attack. But the company is now notifying nearly 1.5 million individuals that the hack compromised their data.
Threat actors are taking control of cloud-based Microsoft 365 accounts of C-suite executives using a multifactor authentication phishing tool. Proofpoint researchers say attackers use automation to identify in real time whether a phished user is a high-level profile company official.
Security researchers uncovered a vulnerability in AMD chips that could allow hackers to trick a computer system into leaking data from its kernel. They named the flaw after the 2010 movie "Inception," since both the hacking technique and the film's plot involve planting false ideas into memory.
In the latest "Proof of Concept," Mike Baker, VP/IT CISO at DXC Technology and a CyberEdBoard member, and Chris Hughes, co-founder and CISO at Aquia, join ISMG editors to explore the state of the software supply chain, MOVEit breaches and the role of SBOMs and transparency in software development.
A Chinese state-sponsored spy group called RedHotel has emerged as a dominant espionage agent against government entities of at least 17 countries worldwide. Researchers said the motives and operations of the group closely link it to China's Ministry of State Security.
At least 637 organizations have now confirmed that they were affected by the zero-day attack on MOVEit file-sharing servers that began in late May, collectively affecting 41 million individuals, report cybersecurity researchers who've been tracking the impact of Clop's data-theft campaign.
This week, Wall Street fined firms for using WhatsApp, NK hackers breached a Russian missile maker, Ivanti backtracked, ransomware attacks cost manufacturers $46B, a cyberattack shut down Gemini North Observatory, ad fraud targeted Android users and healthcare workers' personal info was breached.
One day after personal information for all 10,000 police officers and staff in Northern Ireland was accidentally exposed online, putting their safety at risk, the nation's police service said it's probing a laptop theft last month that may have exposed 200 employees' details.
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