Transaction monitoring in the realm of Anti-Money Laundering (AML) is a critical process that financial institutions employ to detect and prevent illicit activities such as money laundering, terrorist financing, and fraud. As regulatory scrutiny intensifies globally, the importance of robust transaction monitoring systems cannot be overstated.

Human illness is inevitable. So are data breaches. In 2023 alone, there were 10,626 confirmed data breaches, doubling that in 2022 (5,199 breaches). You cannot protect yourself 100% from getting ill. But you can proactively adopt a healthy lifestyle and habits to help reduce the risk and the impact of an illness and recover quickly. Similarly, your organization cannot protect itself 100% from the outcome of a data breach.

The CISO of a major insurance company recently switched from Microsoft to CrowdStrike for endpoint and identity security following a ransomware incident that Microsoft Defender failed to block. The following Q&A explains what happened, the fallout with Microsoft and how CrowdStrike delivered the protection, consolidation and support the CISO needed. Describe your security posture before the incident. I joined the company as CISO a few years ago.

What likely started as a quick ransomware “smash and grab” has turned into a headline case resulting in responses from both U.K. and U.S. law enforcement. Earlier this month, several larger London hospitals suddenly had no access to lab results. It turned out to be the result of a ransomware attack on laboratory partner Synnovis that crippled hospitals and health services that rely on Synnovis.

On June 26, 2024, TeamViewer published a statement disclosing they detected an irregularity in TeamViewer’s internal corporate IT environment. TeamViewer is an organization that provides remote access software for devices and is extensively utilized by businesses and individuals globally. Upon detecting the incident on June 26th, TeamViewer immediately activated their response team and procedures and started investigations while implementing necessary remediation measures.

Nightfall has been named a Leader in Data Loss Prevention (DLP), Sensitive Data Discovery, Data Security, and Cloud Data Security in G2’s Summer ‘24 reports. We’d like to extend a huge thank you to all of Nightfall’s customers and supporters for making this possible. We’re also happy to acknowledge the Nightfall team’s tireless innovation, all in pursuit of helping customers to protect their sensitive data across the sprawling enterprise attack surface.

American chip giant Advanced Micro Devices, Inc. (AMD) announced that it has launched a probe of a data breach carried out by a cybercriminal group called Intelbroker that led to several private documents and information being stolen which occurred early this month. In a statement to media outlets, the company spokesperson said that it is working closely with the authorities and a third-party hosting partner to investigate the impact of the breach.

On June 28, 2024, Juniper released fixes for a critical authentication bypass vulnerability discovered during internal testing, CVE-2024-3937. Juniper has stated that this vulnerability affects only Session Smart Router (SSR), Session Smart Conductor, and WAN Assurance Router products running in high-availability redundant configurations.

A critical vulnerability in GitLab, a widely-used Git repository platform, has been discovered, threatening the integrity of software development pipelines. GitLab has urged users running vulnerable versions to patch CVE-2024-5655 immediately to prevent potential CI/CD malfeasance. GitLab's Latest Security Patch GitLab, second only to GitHub in popularity, recently released updates for its Community (open source) and Enterprise Editions.

In the last decade, outsourcing to third parties–especially in the gig economy–has taken over key functions that enterprises used to handle internally. Today’s companies are frequently virtual–using third-party services that span the likes of application development, back-office corporate functions, contract manufacturing and research, marketing, and core IT services.