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GlobeNewswire: In 2021, according to Eurostat, the expanding penetration of internet users, 95% of young people (aged 16-29 years) in the European region, and the adoption of cloud-based services and Advanced Persistent Threats (APTs) presented an extensive chance for cyber vendors in the European cyber security market size.
ABC News: German police said Monday they have disrupted a ransomware cybercrime gang tied to Russia that has been blackmailing large companies and institutions for years, raking in millions of euros.
Tech Crunch: Cybersecurity continues to be a major area for investment among businesses, and today a startup building solutions for smaller enterprises is announcing a funding round to meet that demand. CyberSmart — a U.K. startup that has built an all-in-one platform providing cybersecurity technology for small and medium businesses, and cyber insurance if things go wrong regardless — has closed a Series B of £12.75 million ($15.4 million).
US News: Scandinavian airline SAS said it was hit by a cyber attack Tuesday evening and urged customers to refrain from using its app but later said it had fixed the problem. News reports said the hack paralysed the carrier's website and leaked customer information from its app.
Bleeping Computer: Spain's National Police and the U.S. Secret Service have dismantled a Madrid-based international cybercrime ring comprised of nine members who stole over €5,000,000 from individuals and North American companies.
Mint: Italy's National Cybersecurity Agency (ACN) issued warning to organisations to take action to protect their systems after thousands of computer servers around the world have been targeted by a ransomware hacking attack. ACN director general Roberto Baldoni said that the hacking attack sought to exploit a software vulnerability, adding it was on a massive scale.
BNN Bloomberg: UK engineering company Vesuvius Plc said it’s managing a cyber-security incident involving unauthorized access to its systems. The molten metal flow control firm has shut down affected systems and initiated steps to assess the scale of the attack, it said in a statement.
Mondaq: Cybersecurity has become an increasingly regulated area of risk for many businesses in the digital world. As technology has advanced and cyber-attacks have become more sophisticated, the measures needed to protect business' data from breaches become more extensive too. This is mirrored by an increased regulatory environment where sanctions are implemented more strictly and conservatively by regulators.
Sky News: The attacks - known as distributed denial-of-service (DDoS) - work by directing high volumes of internet traffic towards targeted servers in a bid by so-called hacktivists to knock them offline.
Reuters: Hackers have disrupted access to the websites of Denmark's central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry.
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