Last year was the worst to date in terms of the economic toll from ransomware, with demands to victims averaging more than $100,000 and in some cases totaling tens of millions of dollars.
Indianapolis-based Trava Security Inc., which makes and markets an automated risk-management and cyber-insurance software platform, said it would use the funding on product development and to boost its workforce.
Victims of a massive global hack of Microsoft email server software—estimated in the tens of thousands by cybersecurity responders—worked Monday to shore up infected systems and try to diminish chances that intruders might steal data or hobble their networks.
The digital giant has been working on proposals to remove from Chrome so-called third party cookies, which are snippets of code used by a website’s advertisers to record browsing history in order to show users personalized ads.
Microsoft said that a “highly skilled and sophisticated” state-sponsored group operating from China has been trying to steal information from a number of American targets, including universities, defense contractors, law firms and infectious-disease researchers.
In the first congressional hearing on the breach, representatives of technology companies involved in the response described a hack of almost breathtaking precision, ambition and scope.
The hackers, as yet unidentified but described by officials as “likely Russian,” had unfettered access to the data and email of at least nine U.S. government agencies and about 100 private companies, with the full extent of the compromise still unknown.
U.S. officials and cybersecurity experts have sounded the alarm for years about a problem that has caused havoc, including billions of dollars in financial losses, while also defying easy solutions from the government and private sector.
Microsoft said Thursday in a blog post that hackers tied to a massive intrusion of dozens of U.S. government agencies and private companies sneaked further into its systems than previously thought.
The hack compromised federal agencies and “critical infrastructure” in a sophisticated attack that was hard to detect and will be difficult to undo, the Cybersecurity and Infrastructure Security Agency said in an unusual warning message.
This year’s months-long hack of federal networks has revealed new weaknesses and underscored some previously known ones, including the government’s reliance on widely used commercial software that provides potential attack vectors for nation-state hackers.
The potential threat was significant enough that the Department of Homeland Security’s cybersecurity unit directed all federal agencies to remove compromised network management software and thousands of companies were expected to do the same.
High Alpha’s latest portfolio company, Trava, makes and markets an automated risk-management and cyber-insurance software platform designed for small- and mid-sized businesses.
IBM security researchers say they have detected a cyber-espionage effort using targeted phishing emails to try to collect vital information on the World Health Organization’s initiative for distributing COVID-19 vaccines to developing countries.
Pondurance has been a tempting target in the quickly consolidating cybersecurity space, generating seven-figure profit annually while remaining focused on Indiana-based clients.
The aggressive offensive by a Russian-speaking criminal gang coincides with the U.S. presidential election, though there was no immediate indication it was motivated by anything but profit.
Microsoft announced legal action Monday seeking to disrupt a major cybercrime digital network that uses more than 1 million zombie computers to loot bank accounts and spread ransomware.
Anthem said the settlement closes the last investigation into the hacking, which exposed personal information of nearly 79 million customers.
Universal Health Services Inc., which operates more than 250 U.S. hospitals and other clinical facilities, said Monday that its network was offline and doctors and nurses were resorting to “back-up processes” including paper records.
Tyler Technologies Inc. told customers Wednesday that an unknown intruder broke into its phone and information technology systems.
