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PR Newswire: "According to the latest BCC Research study, the demand for "Cybersecurity: Technologies and Global Markets" is expected to grow from $229.3 billion in 2024 to $396.8 billion by the end of 2029, at a compound annual growth rate, or CAGR, of 11.6% from 2024 to 2029."
Forbes: More than a quarter (27%) of organizations have banned internal GenAI use, according to Cisco's 2024 Data Privacy Benchmark Report. This is due mainly to concerns over privacy and security.
Cybersecurity Dive: The global cybersecurity workforce grew just 0.1% year-over-year to an estimated 5.5 million people, reflecting a stall in the sector for the first time since 2019, ISC2 said in a report.
Insurance Business: Insurers and asset managers worldwide are significantly increasing their investment in cybersecurity, according to a new survey by Moody’s.
The Target: CBIZ is a management consulting company that provides financial and benefits and insurance services to various organizations and individual customers.
The Take: Hackers stole information belonging to nearly 36,000 individuals, which includes: name, contact details, Social Security Number, date of birth/death, retiree health information, welfare plan information.
The Vector: The company informs that a threat actor exploited a vulnerability in one of its web pages and was able to steal customer data between June 2 and June 21.
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.
GlobeNewswire: By leveraging advanced machine learning models, generative AI can anticipate and counteract cyberattacks by identifying patterns, predicting potential vulnerabilities, and even simulating attacks to test system defenses.
CSO Online: Aligning an organization’s appetite for risk with cybersecurity strategies is a critical challenge CISOs face, one that requires balancing technical controls and business needs.
FinTech Global: A recent study highlighted by ISACA points to a staggering 78% of industry professionals ranking the reputational impact as the paramount concern following cyberattacks.
PR Newswire: The rapid evolution of cyber threats, driven by increasingly sophisticated tactics and automation, has exposed the vulnerabilities of traditional security solutions.
The Target: Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan.
The Take: The threat actor says they breached a U.S. branch and were able to steal 240GB of files with information on Toyota employees and customers, as well as contracts and financial information.
The Vector: BleepingComputer found that the files had been stolen or at least created on December 25, 2022. This date could indicate that the threat actor gained access to a backup server where the data was stored.
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.
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