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SecurityWeek: At least six major technology companies are planning to sign an agreement this week that would guide how they try to put a stop to the use of artificial intelligence tools to disrupt democratic elections. The upcoming event at the Munich Security Conference in Germany comes as more than 50 countries are due to hold national elections in 2024.
BNN Bloomberg: Prudential Financial Inc. said hackers it believes to be part of a cyber-crime group gained access to some of its information-technology systems and a small percentage of user accounts associated with employees and contractors.
Dark Reading: Here's what's clear about the current cybersecurity state of Ivanti's VPN appliances — they have been widely vulnerable to cyberattack, and threat actors are onto the possibilities. It's up to enterprise cyber teams to decide what comes next.
SecurityWeek: Aircraft parts dealer Willis Lease Finance Corporation (WLFC) has informed the US Securities and Exchange Commission (SEC) that it fell victim to a cyberattack. According to the SEC filing, the incident was flagged on January 31, when unauthorized activity was detected on portions of its systems.
Bleeping Computer: Bank of America is warning customers of a data breach exposing their personal information after Infosys McCamish Systems (IMS), one of its service providers, was hacked last year.
CBC: The number of "high impact" cyber incidents reported by Canada's banks nearly tripled last year, according to the industry's watchdog. The increase comes as a federal bill meant to protect Canada's critical systems — including financial systems — has been sitting idle in parliamentary limbo for months.
The Target: Verizon is an American telecommunications and mass media company providing cable TV, telecommunications, and internet services to over 150 million subscribers across the U.S.
The Take: The data that was exposed varies per employee but could include: full name, physical address, social security number (SSN), National ID, gender, union affiliation, date of birth, compensation information.
The Vector: A data breach notification shared with the Office of the Maine Attorney General revealed that a Verizon employee gained unauthorized access to a file containing sensitive employee information on September 21, 2023.
This breach is a stark reminder of how authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
Bleeping Computer: Ransomware payments in 2023 soared above $1.1 billion for the first time, shattering previous records and reversing the decline seen in 2022, marking the year as an exceptionally profitable period for ransomware gangs.
Yahoo Finance: Just two years ago, VC funding to cybersecurity startups was on fire. Indeed, $23 billion flooded the sector, per Crunchbase. But in 2023, cybersecurity upstarts only saw a third of that -- the result of the exceptional surge in 2021, bloated valuations and investors wary of market instability.
US News: Fortinet reported fourth-quarter profit above analysts' estimates, as enterprises spent more to safeguard their digitized operations against the rising risk of attacks, sending the cybersecurity company's shares up 10.4% in extended trading.
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