With the $28 billion acquisition of Splunk by network-equipment giant Cisco Systems, Splunk and Cisco aim to develop AI-driven cybersecurity monitoring tools for real-time detection of hacking threats, enabling businesses to prevent cyberattacks from damaging corporate networks. Splunk, a 20-year-old technology company that has not yet turned a profit, has been pursuing this goal and …
The recent cyberattack on MGM Resorts International highlights the challenges of protecting a vast tech infrastructure and thousands of employees while the hospitality sector integrates internet-connected technology. Experts say that the impact of this attack on a major operator in a security-focused industry came as a surprise to some. “I’ve been in this industry for …
In a cyberattack incident, the claims agent responsible for bankruptcy cases involving Genesis Global Holdco, FTX, and BlockFi, revealed that it had fallen victim to a data breach. As a result, the personal data of hundreds of claimants may have been compromised. Kroll, a business-services company, reported that hackers conducted a SIM-swapping attack on T-Mobile …
In the effort to combat climate change, the Biden administration is urging carmakers to transition to electric vehicles. However, the National Institute of Standards and Technology (NIST), the main U.S. agency for technology and competition, is emphasizing the need for cybersecurity guidelines in the EV industry to protect against both domestic and international hacking. The …
Peggy Noonan has been an esteemed opinion columnist at the Wall Street Journal since 2000, known for her column “Declarations.” Her exceptional talent was recognized in 2017 when she was awarded the Pulitzer Prize for Commentary. In addition to her role as a political analyst for NBC News, Noonan is also a highly accomplished author, …
New regulations have been implemented to govern the reporting of cyberattacks by publicly traded companies to financial regulators. These rules focus on the concept of materiality, though there is disagreement among executives about the simplicity of this concept. The U.S. Securities and Exchange Commission (SEC) recently adopted final rules that require listed companies to report …
Some businesses are exercising caution before signing up for a long-awaited new data agreement between the U.S. and the European Union. They want to determine if the benefits of the agreement outweigh the potential risks. After three years of negotiations, the EU granted final approval in July to a new deal that permits companies to …
Hospital operators are taking a firm stance on the cybersecurity measures implemented by their vendors and suppliers. This comes in response to a series of third-party cyber incidents that have led to data breaches and legal action in the healthcare industry. The Health 3rd Party Trust Initiative, which consists of major healthcare providers, has released …
Norwegian security officials have issued a warning to approximately 20 critical infrastructure companies, businesses, and public agencies in the country, alerting them that they may be at risk of a cyberattack similar to the one that targeted 12 government ministries earlier this week. The vulnerability in Ivanti’s management software, which has recently been discovered and …
The cyberattack on the popular software tool MoveIt has affected numerous companies, resulting in lawsuits over mishandling of data. This incident highlights how cyberattacks can impact entire supply chains, as even non-users of MoveIt have been drawn into the breaches due to their association with affected business partners. Brett Callow, a threat analyst at cybersecurity …