- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2023-06-30T15:28:00
More than 130 organizations are believed to have been impacted by the MOVEit hack, with millions of people’s data at risk.
The widespread cyber incident, which is being tracked on Twitter by Brett Callow, threat analyst at software company Emisoft, has spread to the United States, with the Department of Health and Human Services and law firms Kirkland & Ellis and K&L Gates among those reportedly exposed.
The latest updates follow Russian cyberhacker group Clop’s well-publicized claim earlier this month it hacked into a piece of software called MOVEit that businesses use to transfer data files securely both internally and externally.
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The Federal Reserve listed the proliferation of generative artificial intelligence tools among areas of emerging cybersecurity threats for banks to monitor as part of its annual resilience report.
Sen. Ron Wyden (D-Ore.) is calling on federal agencies to hold Microsoft accountable for “negligent cybersecurity practices” that played part in a Chinese hacking campaign that targeted U.S. government email addresses.
The global average cost of a data breach reached a new all-time high of $4.45 million in 2023, according to IBM’s annual report.
American Water Works Company, which supplies drinking water and wastewater to 14 million customers, disclosed a breach of its computer networks and system due to a cybersecurity incident.
The global average cost of a data breach jumped to an all-time high for the second year in a row, but companies can reel in the ballooning drag on profits by adopting artificial intelligence, according to an IBM report.
The U.S. Department of Energy released supply chain cybersecurity principles meant to help strengthen key technologies used to manage and operate electricity, oil, and natural gas systems.
