Ransomware is (slightly) on the decline, cyber insurance company claims
While ransomware attacks remain highly dangerous, data from a prominent insurer suggests that their frequency and severity is beginning to decline.
Stories by Jon Gold
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IT budgets remain solid, despite tech industry headwinds
While war and supply chain disruptions cause headaches for vendors, demand for IT products and services remains high.
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Adobe's $20B Figma acquisition highlights web-based collaboration trends
The cash and stock deal will see Figma become part of the broader Adobe ecosystem, adding collaborative software development capabilities.
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Excess privilege in the cloud is a universal problem, IBM says
Excess privilege granted to cloud identities is a key component in 99 per cent of all security tests performed by IBM’s X-Force Red penetration testing team.
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Medical device vulnerability could let hackers steal Wi-Fi credentials
Vulnerabilities on battery units for medical infusion pump devices made by Baxter could allow for network access, DoS and man-in-the-middle attacks.
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Instagram faces $402M fine for alleged mishandling of children’s data
Parent company Meta plans to appeal the decision by the Irish Data Protection Commissioner, which is the second-largest, privacy-based fine on record.
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Traceable AI debuts API testing product for its security platform
API testing tool xAST is now folded into Traceable’s existing suite of API analysis and visibility capabilities.
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Identity management difficulties continue to plague IT departments
A new survey indicates that most companies are suffering from complicated credential and identity issues, but few are taking steps to address it.
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Oracle sued over ‘worldwide surveillance machine’ by privacy rights activists
A class action lawsuit has accused Oracle of running a “worldwide surveillance machine” and violating the privacy rights of hundreds of millions of people.
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Google Cloud updates Chronicle to climb on managed detection and response train
Google Cloud’s Chronicle security analysis service will now offer MDR features, in order to compete with incumbents in the marketplace.
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Palo Alto debuts Unit 42 team for on-demand cyber security
Live expert service builds on Palo Alto’s Cortex extended detection and response (XDR) platform to provide more personalised, effective warnings.
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Thoma Bravo snares Ping Identity in $2.8B go-private deal
In the latest move in a series of security-company acquisitions, Thoma Bravo has reached an arrangement to acquire IAM firm Ping.
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Cloud infrastructure sales rise as Microsoft closes in on AWS
Google Cloud, AWS and Azure collectively account for 63 per cent of global cloud infrastructure expenditure, according to a new report from Canalys.
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US Senate to approve $52B for chipmakers — but not designers
The CHIPS Act will provide funding and tax relief, among other incentives, to companies looking to manufacture semiconductors in the US.
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New Facebook malware from Vietnam targets business accounts
WithSecure has sounded the alarm about a new type of Facebook malware that attempts to compromise business accounts for financial gain.
