CrowdStrike Outage Losses Estimated at a Staggering $5.4B

July 26, 2024 at 04:47PM The CrowdStrike Falcon outage has led to estimated $5.4 billion in losses for Fortune 500 companies, with healthcare and banking being the most impacted financially. The transportation and airlines sector experienced 100% impact, with estimated $0.86 billion in losses. The report suggests focusing on mapping, managing, and assessing cloud-based service … Read more

Transcend Raises $40 Million for Data Privacy Platform

May 29, 2024 at 11:00AM Transcend, a data privacy startup, concluded a $40 million Series B funding round, bringing its total funding to $90 million. The funding was provided by StepStone Group, 01 Advisors, Accel, and other investors. Transcend, founded in 2017, offers a unified privacy and data governance platform, with 12 products, serving global … Read more

Software Complexity Bedevils Mainframe Security

November 7, 2023 at 08:23PM Mainframe systems continue to dominate certain sectors of the economy, particularly those that require high-performance and high-reliability applications like financial transactions. Security remains a major concern for mainframe users, with the complex software architecture making it difficult to secure. Despite the growing popularity of cloud infrastructure, mainframes are expected to … Read more

BlackCat ransomware claims breach of healthcare giant Henry Schein

November 2, 2023 at 02:56PM Healthcare solutions provider Henry Schein has experienced a cyberattack, with the BlackCat ransomware gang claiming to have breached the company’s network and stolen 35 TB of data. While some business operations were disrupted, Henry Schein One practice management software remains unaffected. The company has notified law enforcement and hired cybersecurity … Read more