In a world that’s gone digital, it’s no surprise that so have our assets. Protecting digital assets is crucial to maintaining an organization’s operations and revenues, whether it’s sensitive personal identifiable information (PII), business data, or intellectual property. Online threats rapidly evolve to employ complex counterfeiting and spoofing of digital assets and new means to break down the software gates they hide behind.

Let’s catch up on the more interesting vulnerability disclosures and cyber security news gathered from articles across the web this week. This is what we have been reading about on our coffee break! Ah, so you’ve seen those random shops that pop up on unrelated domains?

In a move to harness the transformative power of artificial intelligence (AI) while mitigating associated risks, the Executive Office of the President has issued a landmark memorandum directing federal agencies to advance AI governance, innovation, and risk management. Spearheaded by Shalanda D. Young, the memorandum underscores the importance of responsible AI development in safeguarding the rights and safety of the public.

Retail and hospitality businesses prioritize delivering exceptional customer service and growing revenue. Just as their mission relies on a service-oriented staff and quality products, it also requires secure and reliable connectivity. A high performing and secure network enables retailers to offer consistent and positive consumer interactions across online and physical stores around the world.

The highly competitive digital setting that we have today requires modern software applications to serve as the foundation of business operations, communication, and service innovation. However, this agility has some risks since outsourcing part of application development to external tools and libraries implies that the organization can unintentionally introduce vulnerabilities that cybercriminals can use against them.

As a business owner or IT professional, you understand the importance of protecting your company’s sensitive data, systems and reputation from cyber threats. One of the most effective ways to uncover vulnerabilities and strengthen your organisation’s security posture is through penetration testing, particularly white box penetration testing.

On May 6, 2024, Bishop Fox publicly disclosed a vulnerability along with a proof of concept (PoC) exploit in Citrix NetScaler ADC and Gateway, identified as an unauthenticated out-of-bounds memory read issue in the components used for Authentication, Authorization, and Auditing (AAA).

Trust and transparency are key to winning customers today. Customers and prospects of all sizes need to know how you’ll protect their data before they can do business with you — which often leads to lengthy questionnaires, long security reviews, and stretched sales cycles as they work to understand your security posture.

In April 2024, a significant breach rattled the financial sector as HSBC and Barclays, two prominent banking institutions, fell victim to a data breach. The breach occurred within the infrastructure of a direct contractor working for both banks, sending shockwaves through the industry and raising concerns about the security of sensitive financial data.

With the advent of digital technology that makes its way into every sphere of our lives, software’s reliability and integrity are particularly important. Hackers never stop trying to gain unauthorized access and exploit application weaknesses to achieve their goals and gain from outact. This can mean peril respectively for individuals and organizations.