Tag: retail cyber
Levi’s breach exposes 72k customer details
Over 72,000 US consumers may have had their account details compromised following a cyber-attack on denim clothing giant Levi Strauss & Co. Almost two weeks ago, on June 13, Levi’s spotted an unusual spike in activity on its consumer-facing website and immediately realized its users were under threat. “Our investigation showed characteristics associated with a “credential stuffing” attack where bad actor(s) who have obtained compromised account credentials from another source (such as a third-party data breach) then use a bot attack to test these credentials against another website – in this case www.levis.com,” said Levi’s in a published notice detailing the data breach.
77% of CEOs Believe AI More Risk Than Reward in Cyber – January 16th
Despite the hype of AI in cybersecurity, a PwC survey revealed that 77% of CEOs still believe AI increases the risk of breaches rather than boosts cybersecurity. The PwC survey interviewed 4,700 executives globally, the majority of whom are CEOs. The survey also found that 63% of respondents believed AI to be a misinformation risk, causing a barrier for legal and reputational damage stemming from generative AI.
Ransomware Attacks Double Over Past Two Years – November 7th
Ransomware Attacks Double Over Past Two Years Akamai Technologies found that organizations