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SecurityWeek: The firm was founded by Mike Pena (CEO), Nicholas Gonzalez (chief revenue officer), Hector Monsegur (chief research officer), Ibrahim Karajic (VP of infrastructure), and Andy Sok (VP of product).
Forbes: As digital ecosystems expand and global interconnectivity accelerates, cybercrime is emerging as a significant economic vulnerability. In 2020, Cybersecurity Ventures projected it would inflict $10.5 trillion in damages annually by 2025.
The Target: Bouygues Telecom is one of the largest telecommunication service providers in France, offering mobile, internet, and IPTV services. Bouygues Telecom has 14.5 million mobile subscribers, 9,000 employees, and an annual revenue of €56.8 billion ($66B).
The Take: According to the FAQ, the following customer information was stolen: Contact details; Contract information; Civil status data; Company details (for business customers); International Bank Account Numbers (IBANs).
The Vector: A previous statement says that internal investigations confirmed that the attack was orchestrated by a 'known cybercriminal group' that targeted 'specific internal resources.'
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
eFinanical Careers: Multiple banks have been recruiting senior cybersecurity specialists as technologies like AI make cyberattacks much more powerful. Bank of America hired an ex-US Secret Service investigator, while HSBC hired a former UK Home Office technology director.
Investing.com: Atos has secured a major cybersecurity contract from the European Commission valued at up to €326 million, the global AI-powered technology leader announced.
PR Newswire: Artificial Intelligence (AI) technologies, including natural language processing and machine learning, are increasingly used to enhance cybersecurity measures.
CoinGeek: A surge in cyber frauds targeting the digital asset space has prompted the Indian government to issue an urgent directive which requires all digital asset exchanges, custodians, and related intermediaries to undergo extensive cybersecurity audits.
Cybersecurity Dive: Hackers are conducting brute force attacks against the MySonicWall.com portal in order to access the company’s cloud backup service for firewalls, SonicWall and federal authorities warned in advisories.
CFO Dive: It was not clear to what extent, if any, that surveyed companies have broken any cybersecurity laws by failing to report breaches.
Business Korea: It has been revealed that servers of an outsourced IT management company used by some private equity fund management firms have been hacked, resulting in the leakage of internal data.
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