In addition to Splunk’s recognition as a 10-time Leader in the 2024 Gartner Magic Quadrant for Security Information and Event Management (SIEM), we are extremely proud to announce that Splunk was ranked as the #1 SIEM solution in all three Use Cases in the 2024 Gartner Critical Capabilities for Security Information and Event Management report.

Netacea is proud to announce that one year on from originally completing SOC 2 Type 2 compliance, we have successfully passed our latest audit. This is an accolade we take pride in as it further demonstrates our ongoing commitment to data security and protecting our customers.

In baseball, it’s tempting to think that once you’re on a base, the hard part is over.

A high-severity security flaw in Progress Software's MOVEit Transfer platform is being exploited in the wild just hours after its disclosure. This vulnerability, identified as CVE-2024-5806, allows attackers to bypass authentication mechanisms and pose as any valid user, thereby gaining access to sensitive files.

There's some possibly good news on the ransomware front. Companies are becoming more resilient to attacks, and the ransom payments extorted from businesses by hackers are on a downward trend. That's one of the findings of insurance broker Marsh, which conducted an analysis of the more than 1800 cyber claims it received during 2023 from its clients in the United States and Canada. According to Marsh, ransomware attacks were linked to less than 20% of all claims made to the firm during the last year.

It's a great honor for KnowBe4 to be named the Cyber Security Educator of the Year at the prestigious IT Europa Channel Awards 2024. This award recognizes our continued commitment and innovative approach to building a strong security culture and empowering organizations to manage the ongoing problem of social engineering. This achievement is a testament to the hard work and passion of our team in building the world's most comprehensive security awareness training and simulated phishing platform.

In today's interconnected business landscape, Third-Party Risk Management (TPRM), sometimes called vendor risk management (VRM), is a critical cybersecurity strategy for organizations aiming to safeguard their operations and reputation. With most companies increasing their reliance on external vendors and service providers, managing and mitigating risks associated with these third-party relationships is paramount.

If you lose a Jira project it can seem like a terrifying experience, but there are ways to restore those deleted projects. Whether it’s an unintentional or purposeful deletion that has to be reversed, if you understand Jira’s restore functionality and the value of backup solutions, it may save a lot of your time, money, and work.

Welcome to this week’s Cyber Threat Intelligence Summary, where we bring you the latest updates and insights on significant cyber threats. This edition covers zero-day exploits advertised on a cybercriminal forum, a new AI threat taxonomy from Google DeepMind, and a newly identified side-channel attack method called SnailLoad.