Expel has axed 60 workers just eight months after hauling in $31 million to provide the managed detection and response vendor with a financial cushion. The company will reduce its 600-person staff by 10% - or 60 people - in response to "many shifts in the market," the co-founders wrote in a blog.
A company that makes patient debt collection software is the latest healthcare sector entity to report a hacking breach related to a flaw in Fortra's GoAnywhere secure file transfer software. To date, the GoAnywhere vulnerability has affected the health information of 4.4 million individuals.
Fortinet has patched a critical vulnerability affecting Fortigate Secure Sockets Layer network VPN devices that allow remote network access. French security firm Olympe uncovered the vulnerability and said the flaw can be exploited without credentials and can bypass multifactor authentication.
U.K. banks will soon have to reimburse customers who fall prey to authorized push payment scams. The U.K.'s Payment Systems Regulator recently released a policy that would split the reimbursement cost between sending and receiving banks and incentivize the industry to invest in fraud prevention.
The company behind the MOVEit managed file transfer application is urging customers into a new round of emergency patching after identifying additional vulnerabilities. "These newly discovered vulnerabilities are distinct from the previously reported vulnerability," said Progress Software.
U.S. federal prosecutors accused two Russian nationals of carrying out the heist that provoked the 2014 collapse of cryptocurrency trading exchange Mt. Gox, then the world's largest crypto platform. One of them used the proceeds to co-found BTC-e, a now-shuttered crypto money laundering platform.
Moore Strategic Ventures led a $33 million investment into a military and transportation security startup founded by officers who stood up U.S. Army Cyber Command. The funds will help Shift5 expand from safeguarding military vehicles to protecting commercial modes of transportation.
An April ransomware attack that compromised the personal information of more than 2.5 million individuals has triggered at least four proposed federal class action lawsuits against Massachusetts health insurer Harvard Pilgrim Health and its parent company, Point32Health.
The new version of the Network and Information Systems Directive, or NIS2, created by EU member states in January 2023, enhances security requirements, simplifies reporting obligations and introduces stricter supervisory measures, says Karl Lankford of BeyondTrust.
As cloud migration continues across regions and sectors, how are organizations choosing security tools, and how are those tools being operationalized? Which practices are producing the best security outcomes? Explore these cloud security tips from Palo Alto Networks' Ben Nicholson.
CISOs need to bridge the gap between security concerns and business outcomes to ensure everyone plays an active role in third-party risk management. But effectively communicating that risk comes down to knowing your audience - from employees to the board, said CyberGRX's Caitlin Gruenberg.
In the latest weekly update, four ISMG editors discuss highlights from Verizon's 16th annual Data Breach Investigations Report, what's on the mind of CISOs in Malaysia and the Philippines, and how the U.S. SEC sued crypto trading platforms Binance and Coinbase over securities violations.
Hackers stole personal information of up to 100,000 employees of Nova Scotia Health by exploiting the zero-day in Progress Software's MOVEit managed file transfer application. The software is widely used in the healthcare sector, warned the U.S. federal government.
Bain Capital led a $190 million investment into a managed detection and response provider founded by a former National Security Agency computer operations expert. The money will support development of Blackpoint's security technology and enable its MSP partners to combat a changing threat landscape.
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