Davos 2023: Global bank chiefs get FBI cybersecurity update   FBI Director Christopher Wray DAVOS, Switzerland – Global bank and exchange chiefs got insight on cybersecurity and resilience from the U.S. Federal Bureau of Investigation’s director during a private session in Davos this week. FBI Director Christopher Wray addressed top bankers at the meeting at the World Economic Forum (WEF) ...

Unchecked cyberattacks growing threat to fragile global economy: WEF study Davos: Adoption of connected devices during the pandemic has led to a dramatic increase in cyberattacks and if left unchecked, the cost of cyberattacks will continue to rise, threatening a fragile global economy, WEF said on Tuesday. In a new report prepared in collaboration with the Council on the Connected ...

T-Mobile says data of 37 million customers hacked   FILE PHOTO: A T-Mobile sign on top of a T-Mobile retail store in Manhattan, New York, U.S., September 22, 2017. REUTERS/Amr Alfiky/File Photo New York, Jan 20, 2023 -US telecom company T-Mobile announced Thursday that a recent hack impacted 37 million of its customers’ data. In a filing with the US ...

Pizza Hut, KFC owner admits data stolen during ransomware attack   Yum! Brands, that owns fast food brands like KFC, Pizza Hut and Taco Bell, has admitted a ransomware attack and data was stolen by cyber criminals. The company, however, said there was “no evidence that customer databases were stolen”. In a statement, Yum! Brands said that certain information technology ...

85% of organisations hit by ransomware in past 12 months   Nearly 85 percent of organisations were attacked by ransomware at least once in the past 12 months, up from 76 percent, a report showed on Thursday. Specifically, recovery is a main concern as organisations reported that only 55 percent of their encrypted/destroyed data was recoverable from attacks, according to ...

Email marketing leader Mailchimp hacked, customers’ data exposed Email marketing major Mailchimp has admitted it was hacked and at least 133 customers’ data was exposed. It’s the second time the company was hacked in the past nine months. “Based on our investigation to date, this targeted incident has been limited to 133 Mailchimp accounts. There is no evidence that this ...

Top cyberthreat predictions for enterprises in 2023 In 2022, the scale of cyberthreats grew manifolds, spilling into the mainstream. The upcoming year will see a growing impetus for cybersecurity readiness, with the higher management within organizations playing a key role in the adoption of better, more holistic cybersecurity measures. As part of the threat forecast, Forescout turned to different fields ...

Balancing security and compliance in today’s threat landscape While the motto of data security is “monitor it all,” privacy is about “don’t monitor it all.” Compliance regulation has become the force changing CISOs prioritization and pushing organizations to balance security efforts with compliance. So, the question is, are data security and privacy conflicting goals? What do you think is the ...

Microsoft is now building global products in India Microsoft is making “significant investment” in India and, unlike earlier, is building global products in the country, the company’s Chairman and CEO, Satya Nadella said on Wednesday. “We have the largest development center outside of the United States. We have put significant capital investments in building out four large data centers,” Nadella ...

Meta hit with 390M euro fine over EU data breaches   Meta’s logo can be seen on a sign at the company’s headquarters in Menlo Park, Calif. Dublin, Jan 4, 2023 -US social media giant Meta was slapped Wednesday with fines totalling 390 million euros ($413 million) for breaching EU personal data laws on Facebook and Instagram, Ireland’s data regulator ...