Cyber Security Today: SolarWinds demands fraud drop, ransomware sentencing, and more

January 29, 2024
1 min read

SolarWinds is fighting back against allegations of fraud made by the U.S. Securities and Exchange Commission (SEC) relating to the cybersecurity company’s practices leading up to the 2020 Orion software update breach. SolarWinds has asked a court to dismiss the charges, claiming they are unfounded and that the SEC is unfairly changing the rules for cybersecurity disclosure. Meanwhile, a Canadian man has been sentenced to two years in prison for running cyber attacks, including ransomware campaigns, against over 1,100 victims. In other news, the Medusa ransomware gang has claimed responsibility for an attack on the Kansas City transportation authority, and threat actors are increasingly using the Greatness Phishing Kit to target Microsoft 365 users. It is important for companies to have effective cybersecurity controls in place and to take warnings seriously in order to prevent breaches and attacks. Finally, a California judge ruled that Israeli company Bright Data did not breach any laws by scraping public data from Facebook and Instagram, and U.S. Senator Ron Wyden released documents alleging that the National Security Agency illegally obtains Americans’ internet records without a warrant.

Latest from Blog

Bridging the cyber talent gap: tips for CISOs

TLDR: – Global cyber threats have increased twofold in recent years, leading to a talent gap of nearly 4 million cyber professionals worldwide. – Existing cyber staff are under strain, with vacancies

North Korean hackers pivot to ransomware attacks

TLDR: North Korean hackers from APT45 have shifted from cyber espionage to ransomware attacks APT45 has targeted critical infrastructure and is linked to ransomware families SHATTEREDGLASS and Maui A North Korea-linked threat

Cyber insurance evolves to cover all your online needs

TLDR: Cyber insurance coverage is evolving to help raise security baselines across businesses. Only one-quarter of companies have a standalone cyber insurance policy. In today’s evolving cybersecurity landscape, cyber insurance coverage is