Attack

At 13 Attacks Per Second, Critical Infrastructure is Under Siege

Retrieved on: 
Wednesday, January 24, 2024
Data Management, Security, IOT (Internet of Things), Technology, Software, Networks, Internet, Financial services, Research, Government, KEV, Cobalt, DNP3, Multimedia, Computer security, Attack, Metasploit, EtherNet/IP, RAT, BACnet, Linux, Operational technology, Mirai, AEE, Transport, Log4j, Automation, CISA, Internet of things, Risk management

This lull has given rise to a surge in exploits targeting network infrastructure and Internet of Things (IoT) devices.

Key Points: 
  • This lull has given rise to a surge in exploits targeting network infrastructure and Internet of Things (IoT) devices.
  • Only 35% of exploited vulnerabilities made an appearance in the Cybersecurity and Infrastructure Security Agency's (CISA) Known Exploited Vulnerabilities (KEV) list.
  • The overarching objective is to elevate responses to complex critical infrastructure attacks by leveraging the detailed insights and understanding derived from this specialized deception environment.
  • The AEE is maintained by Vedere Labs, a leading global team dedicated to uncovering vulnerabilities in and threats to critical infrastructure.

FundingShield Q4 2023 Fraud Analytics Show Record High Risk for Wire & Title Fraud

Retrieved on: 
Tuesday, January 23, 2024
Software, Payments, Finance, Banking, Professional Services, Technology, Fintech, Security, Fidelity National Financial, CPL, Capital market, Computer security, Attack, Email spoofing, Fraud, Insurance, CFOS, Trust, Communication, AI, Treasury, Fidelity, Risk, First American, Investment company, Thanksgiving, Christmas, Motivation, Ageing

Wire and title fraud risk reached all time highs for Q4 2023.

Key Points: 
  • Wire and title fraud risk reached all time highs for Q4 2023.
  • During Q4 2023 51.8% percent of transactions on a $61bn portfolio had issues leading to a risk of wire & title fraud.
  • Analytics Q4 vs Q3 2023:
    CPL Validations, agent good standing, issuance limits or title file order registered in title insurer systems had a 35.85% increase Q4 vs Q3 2023.
  • Increasing Fraud and Cyber Security Risk in the Market:
    As reported by FundingShield, the trend of 2022 vs 2023 showed increases in risk and fraud across the board of all risk categories.

New KnowBe4 Report Shows Major Spike in Public Sector Attacks in 2023

Retrieved on: 
Tuesday, January 23, 2024
Software, Internet, Artificial Intelligence, Data Management, Technology, Online Privacy, Other Technology, Security, Attack, Organization, Government, Public sector, Statistics, Cryptocurrency

KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, released its report on the most popular and prolific cybercrimes of 2023 with a focus on the public sector.

Key Points: 
  • KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, released its report on the most popular and prolific cybercrimes of 2023 with a focus on the public sector.
  • The public sector is becoming an increasingly attractive target for cybercriminals everywhere.
  • This comes at no surprise as government agencies and public sector services retain personal data on the vast majority of people, information that is invaluable to cybercriminals.
  • The report is packed with startling facts and statistics highlighting the sharp rise in cyber attacks in this sector.

loanDepot Provides Update on Cyber Incident

Retrieved on: 
Monday, January 22, 2024
Online Retail, Retail, Security, Technology, Residential Building & Real Estate, Construction & Property, Electronic Commerce, Dream, Attack, LDI

loanDepot, Inc. (“LDI” or “Company”) (NYSE: LDI), a leading provider of home lending solutions, today provided an update on the cyber incident it disclosed on January 8, 2024.

Key Points: 
  • loanDepot, Inc. (“LDI” or “Company”) (NYSE: LDI), a leading provider of home lending solutions, today provided an update on the cyber incident it disclosed on January 8, 2024.
  • The Company has been working diligently with outside forensics and security experts to investigate the incident and restore normal operations as quickly as possible.
  • The Company has made significant progress in restoring our loan origination and loan servicing systems, including our MyloanDepot and Servicing customer portals.
  • “The entire loanDepot team has worked tirelessly throughout this incident to support our customers, our partners and each other.

FaceTec® Posts 120% Usage Growth and 54% Revenue Growth YoY in 2023

Retrieved on: 
Thursday, January 25, 2024
2D, KYC, IDV, Safety and liveness properties, OCR, IP, Government, GDPR, Verification, Attack, NFC, Android, Identity, NIST, ITRC, BIPA, PII, CCPA, 3D, IDS, Kantara, Accreditation, ID, IOS, SVP, Video game

SUMMERLIN, Nev., Jan. 25, 2024 /PRNewswire-PRWeb/ -- FaceTec, Inc. has announced extraordinary growth and achievements in 2023, and as the global standard for 3D Face Verification has expanded into the Know Your Customer (KYC) sector.

Key Points: 
  • FaceTec's privacy-protecting architecture does not require any personally identifiable information (PII) from end-users ever be sent to FaceTec, protecting user privacy and easing compliance with evolving consumer protection regulations such as BIPA, CCPA, and GDPR.
  • FaceTec's customer-hosted KYC software suite provides free Photo ID Scans for 1,400+ ID documents (demo video here ) and dramatically reduces the cost of onboarding new users when compared to typical IDV services.
  • These features provide even greater value to the already hugely successful FaceTec software suite, and there are still no setup charges or support fees.
  • FaceTec only charges for 3D Liveness Checks performed by end-users, nothing else.

Zenoo: Amalgamation and AI causing flux in ID market

Retrieved on: 
Thursday, January 25, 2024
KYC, Confusion, Deepfake, Attack, ID, Pressure, AI, Gartner

CAMBRIDGE, England, Jan. 25, 2024 /PRNewswire/ -- George Taylor, UK managing director of digital onboarding provider Zenoo, says the ID verification market is in a state of flux due to amalgamation and the malevolent use of AI.

Key Points: 
  • CAMBRIDGE, England, Jan. 25, 2024 /PRNewswire/ -- George Taylor, UK managing director of digital onboarding provider Zenoo, says the ID verification market is in a state of flux due to amalgamation and the malevolent use of AI.
  • This is causing confusion among buyers and forcing vendors to offer additional features such as enhanced fraud detection and low-code integrations in order to differentiate.
  • This amalgamation of the ID market is set to continue as customers require a multiple solution for each KYC journey (document authentication, mobile authentication, email fraud risk checks etc ) so just providing one point solution ID is no longer valid for the market .
  • The use of AI also stands as a key concern for ID verification providers as it becomes increasingly sophisticated, according to Taylor.

Morphisec Recognized as a Sample Vendor in Two Concurrent Gartner Emerging Tech Reports

Retrieved on: 
Wednesday, January 24, 2024
Cloud, Classification, AMTD, Martin Herem, Research, Knowledge, Attack, Insurance, Education minister, Security, Risk, Organization, Publication, Risk management

BOSTON and BEER-SHEVA, Israel, Jan. 24, 2024 /PRNewswire-PRWeb/ -- Morphisec, the world's leading provider of prevention-first cybersecurity software, today announced its recognition as a sample vendor in the Gartner Emerging Tech: Security — AMTD Transforms Endpoint Protection report. The report states that: "Automated moving target defense technologies transform endpoint detection and response capabilities by enabling adaptive defense of endpoint configurations."1

Key Points: 
  • BOSTON and BEER-SHEVA, Israel, Jan. 24, 2024 /PRNewswire-PRWeb/ -- Morphisec , the world's leading provider of prevention-first cybersecurity software, today announced its recognition as a sample vendor in the Gartner Emerging Tech: Security — AMTD Transforms Endpoint Protection report.
  • Concurrently, Morphisec has been recognized as a sample vendor in the Gartner Emerging Tech: AMTD Advances Proactive Cloud Defense report.2
    AMTD protects workstations, servers and workloads with a proactive, prevention-first approach.
  • AMTD technology uses polymorphism to move, change and obfuscate the runtime memory environment, creating a continually changing, unpredictable attack surface.
  • Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact.

Annual Research Reveals 38 Vulnerabilities Became Newly Associated with Ransomware in 2023

Retrieved on: 
Tuesday, January 23, 2024
Transfer, Spider, MITRE, APT, Attack, NVD, Movva, Commercial bank, Environment, INC, Transpiration, Industrial, Organization, Progress, Education, MGM Resorts International, Cryptocurrency

ALBUQUERQUE, N.M., Jan. 23, 2024 /PRNewswire-PRWeb/ -- Today Securin, Inc. released its latest ransomware report, examining the prominent cybersecurity threat and documenting how its usage and manipulation by threat groups have evolved in 2023. Hopes that the ransomware threat environment would ease in 2023 proved misguided, with attacks increasing across the board, affecting businesses, governments, critical infrastructure, and more.

Key Points: 
  • The 2023 Year in Review: Ransomware report drives this reality home, identifying 38 new vulnerabilities associated with ransomware in 2023.
  • The report provides a deep dive into the state of ransomware as we head into 2024, with crucial information on newly identified vulnerabilities, insight into significant ransomware attacks, and new ransomware families and APT groups.
  • The top three takeaways from this report include:
    The number of ransomware-associated vulnerabilities climbed significantly, from 344 in 2022 to 382 in 2023.
  • Ten new ransomware families emerged in 2023 including Akira, Bloody and INC, leading to a total of 188 active ransomware families.

New report reveals that 94% of global organizations have experienced email security incidents last year

Retrieved on: 
Tuesday, January 16, 2024
Egress, Atos, Microsoft, Attack, Frustration, AI, Risk, Organization, Deepfake, SAT, URL, Intelligence, ICES, Risk management

January 16, 2023 – Boston, US – Leading cybersecurity company Egress today releases its second Email Security Risk Report.

Key Points: 
  • January 16, 2023 – Boston, US – Leading cybersecurity company Egress today releases its second Email Security Risk Report.
  • The report lays bare the attitudes and approaches to email security, the evolution of risks, and the impact of incidents.
  • “The stats in this latest report are truly staggering; 94% of companies have experienced security incidents in the last 12 months, and 95% of cybersecurity leaders are stressed about email security.
  • According to the findings from the report, email security risks remain a top concern for organizations with 94% having experienced security incidents over the past year.

PRE Security Inc. Closes Investment with Unique Approach, Innovative Vision of Predictive AI Cybersecurity; Expands Board

Retrieved on: 
Tuesday, January 16, 2024
Stellar, Entrepreneurship, MTTD, Comodo, MDR, Attack, NetScreen Technologies, Risk, CDR, Robotics, AI, Barracuda, USRobotics, NDR, Dell Technologies, XDR, SOC, Investment, United States Air Force, HPE, SOAR, Cisco, Ericom Software, Business operations, Patent, Ericsson, Channel, EDR, Hewlett Packard Enterprise, Vulnerability management, Medical device

SALT LAKE CITY, Jan. 16, 2024 /PRNewswire/ -- PRE Security, the world's first company specializing in predictive AI cybersecurity, has successfully closed an oversubscribed pre-seed funding round.

Key Points: 
  • SALT LAKE CITY, Jan. 16, 2024 /PRNewswire/ -- PRE Security, the world's first company specializing in predictive AI cybersecurity, has successfully closed an oversubscribed pre-seed funding round.
  • This new method leverages the latest advances in predictive and generative AI.
  • In a novel approach, PRE Security's pre-seed round was led by investments from strategic global channel reseller and distribution partners, along with selected angel investors.
  • PRE Security is led by co-founders Paul Jespersen, as CEO, and John Peterson, as CTO.