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Weekly Cyber Threat Intelligence Summary

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 an alleged data breach at Ticketmaster, a cyberattack on Synnovis affecting London hospitals, and a data breach disclosed by the BBC. The full reports are available to CYMON users. Request access here.

A Salt Security Perspective on the 2024 Gartner Market Guide for API Protection

APIs are crucial for modern digital businesses because they allow different software systems to communicate and exchange data seamlessly and they are foundational to how modern applications are built. However, they are also vulnerable to cyberattacks because they are widely used. To address this growing threat, organizations are increasingly turning to API protection solutions to protect their valuable data and ensure uninterrupted business operations.

The Most Common Ways Cyber Criminals Will Target Your Business

Businesses face an ever-growing array of security threats from cybercriminals. Scammers and hackers employ increasingly sophisticated techniques to infiltrate corporate networks, steal sensitive information, and disrupt operations. In 2023, consumers and businesses in the United States reported losing more than $10 billion to fraud and online scams, marking the first time that fraud losses have reached that benchmark. This is a 14% increase over reported losses in 2022.

26% of Global Organizations Lack Security Training Programs

More than a quarter (26%) of organizations around the world provide no security awareness training for their employees, according to a survey by Hornetsecurity. The researchers found that smaller companies in particular tend to lack security training programs. “This significant oversight in cybersecurity education highlights a critical vulnerability within the corporate world, particularly in smaller companies,” the researchers write.

What is the Standard of Good Practice for Information Security?

The ISF (Information Security Forum) Standard of Good Practice (SoGP) is a comprehensive set of best practices designed to help organizations effectively manage their information security risks. Covering various topics, including governance, risk management, compliance, incident management, and technical security controls, it helps establish and maintain a robust information security program tailored to an organization's specific needs and risks.

Hit by LockBit? The FBI is waiting to help you with over 7,000 decryption keys

Did your company fall victim to the LockBit ransomware? Have cybercriminals left gigabytes of your data encrypted, with no easy route for recovery that doesn't involve paying a ransom? Well, don't fear. The FBI announced this week that it had obtained over 7,000 decryption keys for the LockBit ransomware and is urging victims to come forward for free assistance.