As information has become electronic, the encryption of that information has become imperative. And with the news Tuesday (Aug. 13) that, after an eight-year-long process, the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has finalized its principal set of encryption algorithms designed to withstand...
Cash App users may be eligible for part of a multimillion-dollar settlement from the company. The payments platform and its parent Block agreed earlier this year to pay $15 million to settle a suit claiming the company had failed to protect customers from data breaches....
Banks and their IT providers will soon face tougher scrutiny in the European Union (EU). That’s because of the Digital Operational Resilience Act (DORA), which passed last year but isn’t set to be enforced until January of 2025. A report Thursday (Aug. 8) by CNBC examines the...
Effective cybersecurity programs are critical for today’s traditional industries, where IT spending is low and historically deprioritized relative to other initiatives. As these industries undergo digital transformation, bad actors frequently wait in the wings to strike. Ensuring operational resiliency in the face of an increasingly...
Merchants in the United States, particularly those handling international transactions, are grappling with increasing cybersecurity challenges. With 82% of large merchants reporting data and cyber breaches over the past year, the financial impact is considerable, affecting revenue and customer trust, according to the PYMNTS Intelligence...
The shipping sector is reportedly facing a spike in cyberattacks tied to state-sponsored hackers. The industry saw at least 64 cyber incidents last year, the Financial Times reported Saturday (July 27), citing research by the Netherlands’ NHL Stenden University of Applied Sciences. That study found...
Cybersecurity company CrowdStrike sent $10 gift cards to IT workers on Tuesday (July 23) in an email acknowledging the additional work it caused for them with last week’s IT outage cause by its software update. “And for that, we send our heartfelt thanks and apologies...
Veeam Software has announced the availability of a Splunk extension that allows Veeam Data Platform customers to monitor the health and security status of their Veeam backup infrastructure. With the Veeam App for Splunk, security professionals can monitor their Veeam backup environments using the capabilities of Splunk, a security...
Two members of the House Homeland Security Committee have asked CrowdStrike CEO George Kurtz to appear before the committee and give public testimony about the faulty software update that affected organizations around the world on Friday (July 19). In a letter dated Monday (July 22),...
