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Cybersecurity Snapshot: Schools Suffer Heavy Downtime Losses Due To Ransomware, as Banks Grapple with AI Challenges

Tenable

Meanwhile, check out the AI-usage risks threatening banks’ cyber resilience. Source: Comparitech, August 2024) Highlights from the research include: In 2023, the average downtime suffered by an educational institution due to ransomware was 12.6 Does it include custom-developed code, and does the agency have access to the code?

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Technology News and Hot Topics

CTOvision

Facial recognition software that can identify suspects, databases that can be tapped to track suspects’ movements and locations, automatic license plate … Read more on Los Angeles Times. Rush-hour traffic forces banks to embrace technology. Regin, new computer spyware, discovered by Symantec. Open thread.

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A Look at the 5 Most Common Types of Cyberattacks

Tenable

Malware: This catch-all term encompasses a number of different cybersecurity threats, including everything from viruses and worms to banking trojans, adware, spyware and ransomware. 4 The injection of malicious code puts a database at the mercy of an unauthorized user, who can then steal any business-critical information within it.

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Forget the Rules, Listen to the Data

Hu's Place - HitachiVantara

Rule-based fraud detection software is being replaced or augmented by machine-learning algorithms that do a better job of recognizing fraud patterns that can be correlated across several data sources. Fraud detection software developed in the past have traditionally been based on rules -based models.

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The Future of Security

O'Reilly Media - Ideas

Typically, the phisher sends an email that appears to come from a legitimate business—a bank or credit card company—requesting “verification” of information and warning of some dire consequence if it is not provided. For example, a text message claims to be from your bank or credit card company but includes a malicious link.

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The State of Security in 2024

O'Reilly Media - Ideas

Penetration testers (the “red team”) find vulnerabilities in their company’s systems by attacking; this may include breaking into secure areas, attempting to steal credentials and escalate privilege, exploiting software vulnerabilities, and more. Software supply chain compromise (the sixth-most-popular choice) is a top concern for 28.4%

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Protect Your Business with Cyber Security Consulting Services

Mobilunity

Whether it is a tech company, a bank, a pharmaceutical manufacturer, or an eCommerce shop – no one is immune to attacks. All of that shows that software security consulting is as crucial as ever. Software security consultancy is a growing market that was valued at $156.5 Why is cybersecurity consulting in such demand today?