November 22, 2024 at 11:05AM International Game Technology (IGT) experienced a cyberattack on November 17, leading to disruptions in its internal IT systems. The company has taken certain systems offline for protection, activated its incident response plan, and is investigating the matter. IGT is working to restore operations while communicating with stakeholders. ### Meeting Takeaways: … Read more
November 19, 2024 at 06:35AM Shadow IT arises when employees use unapproved software to enhance productivity, bypassing cumbersome processes and security mechanisms. This trend persists even in small startups and can be exacerbated by no-code/low-code tools, which can create custom applications that interact with unauthorized systems, posing security risks while potentially enhancing visibility for IT … Read more
November 14, 2024 at 07:15AM Ransomware poses a significant threat to businesses, with increasing sophistication and frequency of attacks. Organizations must implement effective backup and disaster recovery (DR) strategies, focusing on data audits, system resilience, and comprehensive recovery testing. Common oversights leave businesses vulnerable, necessitating robust solutions like Unitrends Unified Backup for enhanced protection against … Read more
November 11, 2024 at 06:42AM Cybersecurity is increasingly vital for businesses, focusing on validating security measures against real-world threats. Shawn Baird from DTCC emphasizes how Automated Security Validation tools enhance productivity and reduce reliance on costly contracting. The gradual implementation builds trust, optimizing staff resources and improving risk management, thus driving strategic budgeting and compliance … Read more
November 8, 2024 at 05:05PM Newpark Resources reported a ransomware attack, disrupting access to its information systems but allowing continued manufacturing operations. The company is investigating the breach and has activated its security response plan. Experts emphasize the need for industrial organizations to balance security with operational connectivity to prevent significant downtime impacts. ### Meeting … Read more
November 8, 2024 at 07:13AM Newpark Resources, a Texas oilfield supplier, experienced a ransomware attack that impacted its information systems and business applications. The incident highlights ongoing cybersecurity threats faced by the oil and gas industry. **Meeting Takeaways:** 1. **Company Affected**: Newpark Resources, an oilfield supplier based in Texas. 2. **Incident**: The company experienced a … Read more
November 6, 2024 at 06:45AM As budget season approaches, it’s crucial to prioritize Continuous Threat Exposure Management (CTEM) in cybersecurity. CTEM shifts from reactive to proactive threat management, enhancing defenses, reducing costs associated with breaches, and improving organizational resilience. Companies must present CTEM as key to managing business risks and securing long-term stability. ### Meeting … Read more
November 2, 2024 at 05:38AM The UK’s Financial Conduct Authority (FCA) urges financial institutions to enhance resilience against IT failures, highlighted by CrowdStrike’s significant outage affecting major banks and services. Compliance with FCA’s PS21/3 rules is necessary by March 2025. Delta Air Lines is suing CrowdStrike for losses related to the incident, alleging negligence. **Meeting … Read more
October 31, 2024 at 10:01AM The July CrowdStrike outage highlighted risks in vendor security, prompting discussions on industry responses to such events. Companies should assess vendor reliability, avoid hasty changes, and maintain a balanced approach to updates. Leaders must act cautiously, avoiding panic-driven decisions while improving cybersecurity resilience and business continuity strategies. ### Meeting Takeaways … Read more
October 30, 2024 at 10:05AM The text discusses the paradox of cybersecurity tools, which, while essential for protection, can cause major disruptions when mishandled. High-profile outages from CrowdStrike and Verizon highlight the need for careful management and testing of updates, resilience planning, and continuous vigilance to mitigate risks and minimize impact during failures. ### Meeting … Read more