Proxy Malware Used by Ransom Groups
Cybersecurity researcher REXor has discovered that various ransomware groups, including ViceSociety, Rhysida, and GoldDupont, are using SystemBC malware – also known as Coroxy or DroxiDat – for illicit purposes. Active since 2018, SystemBC is a versatile malware which can function as a proxy, bot, backdoor, and RAT, infiltrating systems through diverse methods and adapting to […]
Google Ceo: Google CEO Sundar Pichai on why people should not sideload apps on Android
Fortnite creator Epic Games is suing Google in the US over the latter’s app development fees. Google CEO Sundar Pichai, defending the company in court, equated the firm’s Play Store protections to car safety features, explaining that sideloading apps, while possible, can risk installing malware. Pichai also touched on the company’s strategic balance between allowing […]
Enterprise Search Market to Reach $12.2 Billion by 2032 at 9.6% CAGR: Allied Market Research
The enterprise search market is projected to grow from $5bn in 2022 to $12.2bn by 2032, at a CAGR of 9.6%, according to Allied Market Research. This growth is being propelled by an increase in digital transformation initiatives across various industries and increased adoption of document management solutions. Despite data privacy and security concerns, advancements […]
Cyber Insurance Market to Reach $1,16,682.32 Million, Globally, by 2032 at 25.3% CAGR: Allied Market Research
The global cyber insurance market, valued at $12.5bn in 2022, is projected to reach $116.7bn by 2032, growing at a CAGR of 25.3% between 2023 and 2032, according to Allied Market Research. Growth is being driven by increasing cyberattacks and data breaches, stricter data protection and privacy regulations, the rising use of digital technology and […]
Cloud Computing Services Market to Reach $2 Trillion by 2032 at 18.1% CAGR: Allied Market Research
The cloud computing services market is set to grow from $398.9 billion in 2022 to $2 trillion by 2032, with a CAGR of 18.1%. The growth is driven by the increasing use of mobile devices and the demand for cloud services to enhance business operations. Data privacy concerns and cost constraints may hinder growth. However, […]
Securities Litigation / Securities Law / Privacy, Cyber & Data Strategy Advisory: The SEC Sues SolarWinds And Its CISO For Alleged Fraud And Disclosure Controls Failures -November 15, 2023 at 05:13 am EST
The SEC has accused SolarWinds and its CISO Timothy Brown of fraud and disclosure control violations, marking its first formal action against a CISO. The SEC alleges SolarWinds and Brown made misstatements regarding cybersecurity in its SEC filings and on its website. This action underscores the SEC’s increased focus on cybersecurity disclosures following new rules […]
Treble winners post Premier League and club record revenues and profits
Manchester City have reported a record Premier League revenue of £712.8m ($965m) for the 2022-23 financial year, a £99.8m increase from the prior year. City’s profit reached £80.4m, nearly double the previous record of £41.7m. The figures arrive after City won the Premier League, FA Cup, and Champions League last season. Broadcast revenues rose by […]
Migration to SaaS and cloud banking infrastructure: Analysing the APAC shift
Banks in the Asia-Pacific region are shifting from legacy systems to cloud banking infrastructure, propelled by increased operational efficiency and cost-effectiveness. However, challenges from data security to personnel training remain. Enforcement policies by local regulators, like the Monetary Authority of Singapore and Australia’s Prudential Regulation Authority, provide guidance. The Boston Consulting Group predicts the region […]
New Rubrik Data Security Report Reveals 49% of IT Leaders in India Declare Security A Missing Component In Their Organisation’s Data Policy
A new report by Rubrik Zero Labs shows that 50% of global organizations experienced a loss of sensitive data last year. The study indicates that total data of typical organizations increased by 42% in the last 18 months. IT and security leaders have reported challenges in securing expanding data and mitigating risks. In India, 49% […]
Fastly Research Reveals Businesses Lost Almost 10% of Their Revenue From Cyber Attacks in the Last Year
Fastly has released its annual global cybersecurity report, highlighting the significant impacts of cyberattacks on businesses. The study found that businesses lose an average of 9% of their annual revenue due to cyberattacks and security breaches, which also cause network outages, data loss, web application downtime, and customer account compromises. It also found recovery from […]
