David
Weak cyber M&A activity shows significant slowdown – August 21st
Crunchbase News reported that “The first seven months of the year saw only 34 cyber startups get acquired,” compared to a high of 123 in 2021 and a significantly reduced 82 last year. Rising interest rates and geopolitical tensions that have already hit the tech sector hard are now clearly putting a damper on M&A activity in cyber.
Interpol-Afriapol success and 200,000 phishing victims – August 18th
Discord.io data leak Discord.io exposes the personal data of more than 760,000 users. The invite service for the popular messaging
Cyber slowdown and major companies announce layoffs – August 17th
According to the Wall Street Journal, a trio of major cyber companies announced layoffs, further highlighting a slowdown in the sector, which though resilient, is starting to feel the impact of a wider downturn. Rapid 7, a Boston-based company, announced layoffs affecting 400 people, while Atlanta’s Secureworks cut 300, and Dragos let go of 50.
LinkedIn accounts suffer ongoing attack – August 16th
The attack allowed bad actors to lock LinkedIn users out of their accounts and resulted in ransom demands to allow users to access their accounts again. The ongoing attacks caused LinkedIn account inquiries to spike by 5000%. The full report is available on Cyberint’s website.
Jordan’s first cyber summit – August 15th
The Jordan News Agency has announced that Jordan will hold its first-ever cybersecurity summit this September. The conference will be held on September 25 under the patronage of His Royal Highness Crown Prince Al Hussein bin Abdullah II.
Barracuda again the target of malware attack – August 14th
Barracuda Email Security Gateway devices have again been violated, this time through a novel backdoor malware named 'Whirlpool.' The US Cybersecurity and Infrastructure Security Agency (CISA) has identified the breach to be the work of a pro-China group of hackers. The threat actors have targeted a zero-day remote command injection vulnerability through the malware. Reports say this vulnerability was used to plant malware payloads of Seapsy and Whirlpool backdoors on compromised devices.
Popular hosting service proves less than “bulletproof” – August 11th
Hackers impersonate city's COO The city of New Haven, Connecticut, reportedly lost more than $ 6 million during a recent
Teachers targeted while popular malware resurfaces – August 10th
Interpol forces unite to bring phishing platform down A phishing-as-a-service (PaaS) platform called 16shop, responsible for over 150,000 phishing domains,
Infamous Ransomware Groups Linked – August 9th
Rhysida’s Link to Infamous Ransomware Group Check Point Incident Response Team (CPIRT), in collaboration with Check Point Research (CPR), published
Free Tesla premium features & $100M – August 8th
Tesla’s Unpatchable “Jailbreak” Unlocks Premoum Features Pay-as-you-go premium features are offered by Tesla for self-driving features, heated seats, and more.