September 13, 2024 at 02:20PM In the past year, over half of organizations experienced cyber threats, with larger companies being more susceptible. These incidents led to job losses, as reported by 37% of surveyed UK IT professionals. Databarracks’ Data Health Check highlighted the impact of cyber-attacks on downtime and data loss, particularly for larger businesses. … Read more
August 6, 2024 at 10:06PM Microsoft is investigating why other airlines recovered from tech outages faster than Delta. This comes after Delta claimed a $500 million loss due to a recent tech outage. The incident has prompted Microsoft to defend itself against the airline’s criticism. (48 words) It seems there may be some confusion. The … Read more
June 24, 2024 at 02:08PM Several US companies filing Form 8-Ks with the SEC have referenced a cyber incident affecting CDK Global, a major software provider for car dealerships. The incident has disrupted business operations, leading affected companies to deploy mitigation strategies. CDK has faced two system shutdowns and is reportedly considering a ransom payment … Read more
June 19, 2024 at 01:59PM Car dealership SaaS provider CDK Global was hit by a cyberattack, leading to its systems shutdown and client disruption. The attack caused concerns about potential data breach and ransomware impact. With no official statement from CDK, there is uncertainty about the extent and duration of the outages and potential data … Read more
June 14, 2024 at 11:58AM Former NCS employee, Nagaraju Kandula, sentenced to 2 years and 8 months for deleting 180 virtual servers after being fired. His action caused $678,000 in damages. NCS overlooked invalidating his credentials, allowing continued access. Kandula used his credentials to access NCS systems and execute the damaging attack. This incident emphasizes … Read more
May 3, 2024 at 08:25AM Mimic, a new ransomware defense company, aims to detect, deflect, and recover from ransomware attacks. The software-as-a-service platform can restore an organization’s data within 24 hours without paying a ransom. Backed by industry experts and having secured $27 million in funding, Mimic’s platform works in tandem with existing security controls. … Read more
April 16, 2024 at 09:00AM UnitedHealth reported a $872 million cost in Q1 2024 due to the February cyberattack on Change Healthcare. Remediation efforts are ongoing with total costs expected to exceed $1 billion, including a potential $22 million payment to the attackers. UnitedHealth’s Q1 net loss was $1.221 billion, with adjusted earnings per share … Read more
April 4, 2024 at 10:27AM Hoya, a Tokyo-based eyeglass and medical lens-maker, has experienced a production halt in certain locations and an interruption to its product ordering system due to an attack. From the meeting notes, it appears that Hoya, a Tokyo-based eyeglass and medical lens-maker, has experienced an attack that has caused production processes … Read more