Key Point : – Scrut Automation has secured $10 million in growth capital from existing investors. – The funding will be used to enhance platform capabilities and expand into North American and European markets. – The company’s total venture funding since its establishment amounts to $20.5 million. -…
Tag: COMPLIANCE
What is Threat Management? Threat management is a process that is used by cybersecurity analysts, incident responders and threat hunters to prevent cyberattacks, detect cyberthreats and respond to security incidents. Why is threat management important? Most IT and security teams face informat…
Resecurity identifies a new version of JSOutProx targeting APAC and MENA financial institutions, leveraging a modular .NET/JavaScript framework and multi-stage payloads hosted on GitHub and GitLab. The operation uses phishing-style lures, masquerading as PDFs,…
____________________ Summary : The OMB has issued the first governmentwide AI risk mitigation rules, requiring federal agencies to implement safeguards for responsible AI use by December. Key Point : ⭐ Agencies must appoint chief AI officers and set up AI governance boards. ⭐ Agencies should add mor…
Summary : The Pentagon has released its first cybersecurity strategy to enhance the defense industrial base’s resilience against cyberattacks. Key Point : ⭐ The strategy covers fiscal years 2024 through 2027. ⭐ Goals include improving best practices within the industrial base. ⭐ The Cybersecurity Ma…
Summary : KuCoin has been charged with AML violations for allowing cybercriminals to launder billions through their platform. Key Point : ⭐ KuCoin founders charged with AML violations by the U.S. Department of Justice. ⭐ KuCoin failed to implement KYC system and report suspicious activity. ⭐ Platfor…
This video provides an in-depth overview of Governance, Risk, and Compliance (GRC), emphasizing its crucial role in cybersecurity and offering practical advice on its implementation. The presenter, an expert with extensive experience in the field, including roles at Grand Thorton in Australia and KP…
Tax-season phishing campaigns are escalating with QR-code schemes, fake refunds, and AI-assisted imposters designed to steal credentials and money. Check Point Research outlines campaigns impersonating IRS/HMRC, malicious PDFs, fake domains, and dark-web marke…
____________________ Summary : The federal government is proposing financial incentives and penalties to encourage the health sector to improve cybersecurity, but industry groups are divided on the effectiveness of this approach. Key Point : 🔒 Proposed federal budget includes $1.3 billion in financi…
Article Summary: 🔍 Organizations in the United Kingdom that work transparently with regulators and cybersecurity officials after a data breach will receive leniency in penalties and fines. 🔍 The Information Commissioner’s Office released new guidance detailing the legal framework for assessing penal…
Article Summary: 🔹 The American Hospital Association is advocating for Change Healthcare to be solely responsible for notifying patients in the event of a breach. 🔹 HHS OCR is investigating the cyberattack on Change Healthcare and UnitedHealth Group to determine if PHI was compromised. 🔹 AHA is seek…
Article Summary : 🔒 Despite the critical role of APIs, the vast majority of commercial decision-makers are ignoring the burgeoning security risk for businesses, according to Fastly. 🔐 APIs have become a favorite gateway for cybercriminals, with 84% of respondents admitting to not having advanced API…
Article Summary : 🔹 BlueFlag Security platform redefines software development lifecycle security with a focus on identity security. 🔹 $11.5 million seed funding round announced to develop BlueFlag’s SDLC security and governance platform. 🔹 BlueFlag addresses the critical threat vector of developer i…
93% of IT professionals believe security threats are increasing in volume or severity, a significant rise from 47% last year, according to Thales. The number of enterprises experiencing ransomware attacks surged by over 27% in the past year. Despite this escalating threat, less than half of organiza…
According to the UAE Cybersecurity Council, in 2023, the UAE repelled over 50,000 cyberattacks daily. These findings, highlighted in a report from Frost & Sullivan (F&S), show the exponential growth of the region’s cybersecurity landscape – and serve as a sobering reminder of the rising thre…