Entrust, a pioneer payment, identity and data security software and services provider, is in talks to acquire Onfido, a pioneer in cloud-based, AI-powered identity verification technology, for a reported $400 million. The combined solution will help customers fight identity fraud.
Breathless reports claim 3 million IoT toothbrushes have been remotely compromised and used to target unsuspecting businesses via distributed denial-of-service attacks. Just one problem: This story has more holes in it than the teeth of kid with a 10-pack-a-day Gummy Bear habit.
The number of victims who opt to pay a ransom appears to have declined to a record low. During the last three months of 2023, an average of 29% of organizations hit by ransomware paid a ransom - a notable shift from what ransomware watchers saw in recent years.
Okta announced layoffs amounting to 7% of its workforce in a restructuring that will cost 400 employees their jobs. Thursday's disclosure is the second round of layoffs the company has undergone in the past 12 months. CEO Todd McKinnon said the cuts are needed to run Okta with "greater efficiency."
A nation-state hacking group run by Russian intelligence gained access to a Microsoft "legacy, non-production test tenant account" and used it to authorize malicious Office 365 OAuth applications, access Outlook, and steal Microsoft and customers' emails and attachments, Microsoft said.
Rumors are swirling about how the Department of Health and Human Services lost about $7.5 million in grant payments through a series of cyberattacks last year, including speculation over whether the incidents involved sophisticated AI-augmented spear-phishing or more commonplace fraud schemes.
California privileged access management vendor Delinea announced Tuesday its acquisition of Israeli startup Authomize in a bid to extend its reach in the growing identity market. Delinea will incorporate Authomize cross-cloud identity capabilities into its access management platform.
In the wake of an apparently weak password being harvested by information-stealing malware and used to disrupt telecommunications giant Orange Spain's internet traffic, an expert is warning all organizations to beware of copycat attacks - and to lock down their internet registry accounts.
Mobile password managers are different from computer-based password managers due to different constraints found in the mobile operating system, said Ankit Gangwal, assistant professor at the International Institute of Information Technology. He shed light on the risks introduced by AutoSpill.
Cybersecurity firm SentinelOne is set to acquire PingSafe for an undisclosed sum of cash and stock. The move will integrate PingSafe's cloud-native application protection platform into SentinelOne's Singularity Platform, creating a unified and advanced cloud security solution.
Hackers are exploiting OAuth applications to compromise user accounts, manipulate and confer elevated privileges, and set up cryptomining operations, which has cost some organizations up to $1.5 million in losses, according to Microsoft's Threat Intelligence team.
The cybersecurity landscape is structured like Swiss cheese - fragmented and full of vulnerabilities. This complex, ever-evolving environment requires a multifaceted approach to address gaps and a specific focus on data security and identity protection, said Maxine Holt, senior director at Omdia.
Okta has paused product development and internal projects for 90 days to beef up its security architecture and operations for applications, hardware and third-party vendors. Okta will move to strengthen its cyber posture, including a security action plan and engaging with third-party cyber firms.
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