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From analytics and automated reports to mobile payments, digitization is changing the way modern finance works. We asked the CIO Influencer community of technology experts why it’s so important for organizations—particularly small and midsize businesses—to modernize their financial management systems for today’s digitally driven world. Here’s a summary of their insights. A fast path to ROI Modernizing financial operations is the key that unlocks productivity and cost benefits throughout the organization, says Ben Rothke (@benrothke),…

At first glance, a vCISO may seem out of the budget, but SMBs might be missing out on some major benefits. Image: LeoWolfert/Shutterstock While a Chief Information Security Officer (CISO) can be invaluable to a company with regards to safety and cybersecurity, some smaller enterprises may want to look into a Virtual CISO (vCISO) to assist with cutting down on expenses. Michael Gray, Chief Technology Officer at Thrive, compared the positions and outlined the differences…

Image: lucadp/Adobe Stock Jump to: What is cryptocurrency, and what is a crypto exchange? Cryptocurrencies, often shortened to crypto, are digital or virtual currencies often in the form of tokens used to engage in secure online transactions such as payments. A crypto exchange is a digital transaction mechanism – essentially an online market – which allows you to buy and sell cryptocurrency. The most well-known cryptocurrency is probably Bitcoin, currently valued at a whopping $29K…

Microsoft released an advisory on Monday acknowledging the zero-day Office flaw dubbed ‘Follina’ and suggested a possible fix for it. The document assigned the vulnerability the identifier CVE-2022-30190 and a rating of 7.8 out of 10 on the Common Vulnerability Scoring System (CVSS) on the basis that its exploitation may enable malicious actors to achieve code execution on affected systems. “An attacker who successfully exploits this vulnerability can run arbitrary code with the privileges of the…

Magniber ransomware has been upgraded to target Windows 11 machines, according to cybersecurity software provider 360 Total Security. Writing in a blog post, the company said the attack volume of the ransomware increased significantly since May 25, and some of its dissemination package names have been updated, including a ‘win10-11_system_upgrade_software.msi’ file. While the ransomware itself hasn’t changed much, the fact that it can now infect multiple versions of Windows operating systems would be behind the…

A review of the evolving cyber security industry over 15 years in business By James “Jim” McMurry, CEO / Founder, Milton Security, Inc. No one can argue that cyber security is the same today as it was fifteen years ago. There have been numerous trends and companies that we’ve seen come and go over the last decade-and-a-half, but what is most intriguing is the evolution of the industry and the emergence of Dynamic Threat Hunting…

CVE-2022-30190: Zero Click Zero Day in Microsoft Support Diagnostic Tool Exploited in the Wild Microsoft confirms remote code execution vulnerability in Microsoft Windows Support Diagnostic Tool that has been exploited in the wild since at least April. Background On May 27, a security researcher going by nao_sec posted on Twitter about an “interesting” document they found on VirusTotal that was used to execute PowerShell code. Because this was a zero-day at the time, researchers referred…