Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The Cyber Police of Ukraine have arrested twelve alleged members of an organized cybercrime group that’s stolen approximately $4.3 million from users across Europe, the Hacker News reports.

Looks like Latitude Finance is trying to give consumers more "latitude" in their exposure to cyber risks. The Australian finance company admittedly fell victim to an attack that has exposed customer data and Latitude Financial has been forced to stop adding new customers from clients such as Apple, Harvey Norman and JB Hi-Fi as it tries to contain the damage from criminals, who still appear to be active in its computer systems.

Mid-sized businesses – those with 250 to 2000 employees – don’t appear to have what they need to fend off attacks in a number of critical ways. Cybersecurity vendor Huntress’ latest report, The State of Cybersecurity for Mid-Sized Businesses in 2023, shows that mid-sized businesses are in a heap of trouble and simply aren’t prepared for an attack: In short, organizations have no internal resources to ensure the organization is improving its state of cybersecurity daily.

Quantum computers can solve highly complex problems faster than any of its predecessors. We are currently in a period of a quantum revolution. Many organizations are currently investing in the quantum computer industry, and it is predicted that the quantum computing market may increase by 500% by 2028.

The rise in popularity of cryptocurrencies has brought about significant concerns regarding wallet vulnerabilities and digital theft among individuals and businesses transacting in the market. While the meteoric rise in the value of cryptocurrency has attracted legitimate investors, it has also caught the attention of malicious actors who are constantly searching for vulnerabilities to exploit.

In this SaaSTrana podcast session, Puneet Miglani (Founder – Candor Technology) discusses how app development companies emphasize security in their AMC contracts with Venky.

As the world has evolved in significant ways over the past several decades, so have the threats that businesses face daily evolved. In particular, cybercrime has grown into a nefarious force that harms businesses and causes irreparable damage. From holding information ransom to stealing private financial information, there is no limit to the damage that cybercriminals can inflict upon your operations.

‍ Data from the International Organization for Standardization (ISO) shows that ISO 27001 certification is one of the most rapidly-growing standards, with nearly 59,000 valid certificates in place as of December 2022. As a compliance framework that is based upon the core cybersecurity principles of people, processes and technology, ISO 27001 compliance provides your organization with significant benefits. So, you need to take action now.

Ask a cybersecurity professional what keeps them up at night and you’ll get answers about insufficient staffing, IT complexity or constant attacks on their business. Quantum computing isn’t likely to make the list. Yet as technological change accelerates, real quantum risks are coming into view. Now is the time to prepare corporate IT systems for the “death” of classic cryptography to safeguard data and privacy in the future.

Snyk recently hosted a half-day virtual event focused on security for application workloads running on AWS (you can catch it on demand here). The event was broken into six sessions spanning topics like developer challenges in cloud-native AppDev, top vulnerabilities from last year, hands-on workshops with industry-leading technology vendors, and several other subjects that help enable engineering and security teams to build a successful DevSecOps workflow.