Cybersecurity Executive Admits to Hospital Hacking for Business Gain
In a startling revelation, Vikas Singla, the former COO of cybersecurity firm Securolytics, confessed to hacking two Georgia hospitals in June 2021 to enhance the company’s profile. Singla disrupted services at Gwinnett Medical Center hospitals, stealing patient data and publicizing the breach on Twitter.
Facing 17 counts of computer damage and one count of information theft, Vikas Singla agreed to pay over $817,000 in restitution. Due to health issues, prosecutors recommended 57 months of probation, raising concerns about cyber threats jeopardizing public safety and healthcare data.
$2.1 Billion in Crypto at Risk Due to ‘Randstorm’ Vulnerability in Old Wallets
Blockchain security experts at Unciphered identified a significant cybersecurity threat, dubbed “Randstorm,” potentially jeopardizing millions of crypto wallets generated via web browsers between 2011 and 2015.
The vulnerability, affecting Bitcoin, Dogecoin, Litecoin, and Zcash wallets, could put approximately $2.1 billion in crypto assets at risk. Unciphered urges users with wallets from the specified period to transfer their assets to more recently generated wallets to mitigate potential exploitation, emphasizing the importance of safeguarding against this widespread vulnerability.
Lasso Security Raises $6M in Seed Funding
Lasso Security raised $6M in Seed Round funding led by Entree Capital, with participation from Samsung Next.
Lasso Security is looking to utilize the seed round funding to expand its team and enhance its Large Language Model (LLM) cybersecurity systems to keep up with securing the risks brought by generative AI.
