cybersecurity

Downtime Costs Large Companies $400 Billion a Year, According to Splunk Report

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Downtime Costs Large Companies 0 Billion a Year, According to Splunk Report

Unplanned downtime is costing the world’s largest companies $400 billion a year, or roughly 9% of their profits, a new report has found. This is the equivalent of about $9,000 lost for every minute of system failure or service degradation. The report, published by the data management platform Splunk, also revealed that it takes 75 days for revenue for a Forbes Global 2000 company to recover to where it stood financially prior to the incident….

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OpenAI, Anthropic AI Research Reveals More About How LLMs Affect Security and Bias

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OpenAI, Anthropic AI Research Reveals More About How LLMs Affect Security and Bias

Because large language models operate using neuron-like structures that may link many different concepts and modalities together, it can be difficult for AI developers to adjust their models to change the models’ behavior. If you don’t know what neurons connect what concepts, you won’t know which neurons to change. On May 21, Anthropic published a remarkably detailed map of the inner workings of the fine-tuned version of its Claude AI, specifically the Claude 3 Sonnet…

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How Free VPNs Come With a Price | McAfee Blog Free VPNs vs Paid VPN | McAfee Blog

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How Free VPNs Come With a Price | McAfee Blog Free VPNs vs Paid VPN | McAfee Blog

The number of people who use VPNs (virtual private networks) continues to mushroom. Recent research shows that 46% of American adults now use a VPN — 23% of which use it for strictly personal purposes.[i] Within that mix, 43% said they use a free VPN service. Yet “free” VPNs often come with a price. Typically at the expense of your privacy. A personal VPN establishes a secure tunnel over the internet, offering you both privacy and…

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Cisco Talos: LilacSquid Threat Actor Targets Multiple Sectors Worldwide With PurpleInk Malware

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Cisco Talos: LilacSquid Threat Actor Targets Multiple Sectors Worldwide With PurpleInk Malware

A new report from Cisco Talos exposed the activities of a threat actor known as LilacSquid, or UAT-4820. The threat actor exploits vulnerable web applications or uses compromised Remote Desktop Protection credentials to successfully compromise systems by infecting them with custom PurpleInk malware. So far, organizations in various sectors in the U.S., Europe and Asia have been impacted for data theft purposes, though more sectors might have been impacted but not identified yet. Who is…

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The curious case of the missing IcedID.

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The curious case of the missing IcedID.

Welcome in! You’ve entered, Only Malware in the Building. Join us each month to sip tea and solve mysteries about today’s most interesting threats. Your host is Selena Larson, Proofpoint intelligence analyst and host of their podcast DISCARDED. Inspired by the residents of a building in New York’s exclusive upper west side, Selena is joined by N2K Networks Dave Bittner and Rick Howard to uncover the stories behind notable cyberattacks.  Being a security researcher is…

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What You Need to Know About Election Security | McAfee

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What You Need to Know About Election Security | McAfee

As election season approaches, the importance of safeguarding our democratic processes has never been more critical. Ensuring election security is not just the responsibility of government bodies but also of every individual voter. This blog post aims to provide valuable insights and practical tips for consumers to protect their votes and understand the mechanisms in place to secure elections. Understanding Election Security Election security encompasses a broad range of practices designed to ensure the integrity,…

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Proofpoint's CISO 2024 Report: Top Challenges Include Human Error & Risk

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Proofpoint's CISO 2024 Report: Top Challenges Include Human Error & Risk

In Proofpoint’s 2024 Voice of the CISO report, the cybersecurity company found that CISOs are dealing with people-centric threats more than ever. Plus, cybersecurity budgets often don’t change, and AI can help and hurt CISOs’ efforts. Regarding the specific threat risks, 41% of the CISOs mostly fear ransomware attacks, followed by malware (38%), email fraud (36%), cloud account compromise (34%), insider threat (30%) and distributed denial of service (30%) attacks. Biggest threat risks as perceived…

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What Is ShrinkLocker? New Ransomware Targets Microsoft BitLocker Encryption Feature

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What Is ShrinkLocker? New Ransomware Targets Microsoft BitLocker Encryption Feature

A new strain of ransomware dubbed ShrinkLocker is being used by cyberattackers to target enterprise computers. It exploits the Microsoft BitLocker encryption feature to encrypt the entire local drive and remove the recovery options before shutting down the PC. ShrinkLocker was discovered by cybersecurity firm Kaspersky, and analysts have observed variants in Mexico, Indonesia and Jordan. BitLocker has been used to stage ransomware attacks in the past, but this strain has “previously unreported features to…

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Shared Responsibility: How We Can All Ensure Election Security and Voter Confidence

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Shared Responsibility: How We Can All Ensure Election Security and Voter Confidence

In 2024, voters in more than 60 countries—representing 4 billion people—will cast ballots. Some of the elections are far-reaching—such as the upcoming EU Parliamentary elections, which will span 27 countries from June 6 to 9. This year, for the first time, Cisco has teamed up with the European Parliament for their “Use Your Vote” campaign to encourage citizens to exercise their civic duty. In an era where digital threats are increasingly sophisticated, ensuring secure and trustworthy…

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Will Australia Ever Dig Itself Out of the Cybersecurity Skills Shortage?

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Will Australia Ever Dig Itself Out of the Cybersecurity Skills Shortage?

Australia continues to grapple with the ramifications of a massive cyber security skills shortage, underscored by another recent large-scale data breach. The big concern is whether the nation even has the resources to strengthen resilience. Recently, the electronic prescription company MediSecure fell victim to a major ransomware attack. Together with other major incidents such as Optus, Latitude Finance and more in recent years, the event was a reminder of the ongoing and urgent need for skilled…

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