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Dark Reading: US law enforcement once again demonstrated its commitment to going on the offense against cybercrime with an operation against the BlackSuit ransomware gang that resulted in the takedown of four servers and nine domains, as well as the seizure of just over $1 million in cryptocurrency.
Funds Europe: UK pensions manager Railpen has partnered with sustainability consultancy Chronos Sustainability for a report on “how AI systems are classified and the risks they could pose to portfolio companies without an effective and efficient system of governance.”
Cyber Daily: The hackers claim to have stolen 85 gigabytes of data, according to the group’s 7 August leak post, though they have said little else about the incident. The group has not shared any details of its ransom demand, nor the deadline for payment.
CNBC: The rise of generative AI and large language models has drastically shifted the cybersecurity landscape, empowering attackers with easy-to-use tools that can create realistic video and voice deepfakes, personalized phishing campaigns, and malware and malicious code.
The Target: Philadelphia Indemnity Insurance designs, markets, and underwrites commercial property/casualty and professional liability insurance products.
The Take: Philadelphia Indemnity launched an investigation and determined by July 9 that the stolen data included names, driver’s license numbers and dates of birth, according to the breach notice.
The Vector: An unauthorized party accessed customer data during an intrusion discovered between June 9 and June 10, according to the disclosure. The company previously called the incident a network outage, however it said there was no ransomware and no encryption.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
BNN Bloomberg: The average cost of a breach between March 2024 and February 2025 was $6.4 million, down from $6.6 million a year earlier, showed research released from technology giant IBM and the Ponemon Institute, a U.S.-based cybersecurity research centre.
Yahoo Finance: A growing number of enterprises in Australia are taking a centralized, cloud-based approach to cybersecurity amid rising threats, many of which involve AI, according to a new research report published today by Information Services Group (ISG), a global AI-centered technology research and advisory firm.
CNBC: CyberArk shareholders, for each of their shares, will get $45 cash and 2.2005 shares of Palo Alto. The deal is expected to close during Palo Alto Networks’ fiscal 2026.
Korea Times: Commercial lenders are finding it difficult to fully integrate generative artificial intelligence (AI) technologies into their financial services, impeded by the current regulation that prohibits the use of full, unencrypted personal credit information, market watchers said.
PR Newswire: AXA XL, a leading provider of cyber insurance, is proud to announce the launch of a new suite of proactive cybersecurity assessment offerings for its cyber policyholders in North America, in collaboration with Fenix24, a global leader in ransomware response and recovery.
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