German Software SAP Plans Restructuring to boost AI development

German software giant SAP is launching a major reorganization of its artificial intelligence (AI) business, with around 8,000 employees affected by the plan, the company announced late on Tuesday. “With the planned transformation programme, we are increasingly shifting investments to strategic growth areas, primarily AI,” said SAP chief executive Christian Klein. “This will allow us to…

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Ransomware Main Cause for Business Outages; Veeam Data Protection Report 2024

Veeam recently released insights from the company’s 5th annual Veeam Data Protection Trends Report 2024 While companies say they will spend more trying to fend off cyber-attacks, the survey found IT leaders are feeling even less protected and more concerned about their ability to recover and restore mission-critical data. Respondents shared that cyber-attacks remain the…

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Sternum Announced Enhanced Security for the ChargePoint Home Flex.

Sternum, the pioneer in embedded IoT security and observability, today announced enhanced security for the ChargePoint Home Flex. In a comprehensive research project, Sternum identified a potential vulnerability involving the reverse SSH tunnel and deprecated NTP client and HTTP servers. ChargePoint, with its last firmware update, has disabled the HTTP server and updated the NTP…

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Automated Breach And Attack Simulation – Can You Deny It’s Relevance?

Traditional security measures today expose your organization to various cyber threats, which come with lethal attacking policy and techniques. Hence automated BAS solution must be a crucial component of your core security policy and measurements. In the wake of New Year 2024, the first week of January saw a fatal cyber attack by “Meow” ransomware…

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Cyber Ecosystem Risk is Becoming more Problematic as per WEF; Report

Cybersecurity leaders are recognizing the fact the cyber ecosystem is growing more complicated and due to this cyber risk related incidents are growing. The World Economic Forum’s Centre for Cyber security, remains committed to bridging the gaps between the public and private sectors and between cyber and business leaders. The report serves as an instrument…

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The Dual Role AI Plays in Cybersecurity: Road Map to Stay Ahead

AI-enabled solutions available for various business use cases, and organizations are increasingly recognizing their value. According to a survey, 33% of organizations are currently leveraging generative AI in at least one business function. Furthermore, it’s projected that by 2026, more than 80% of enterprises will have their own generative AI APIs and models in operation. The adoption of…

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Alkem Labs Reports Cyber Breach &’Fraudulent Transfer’ Loss of 52 Cr

Alkem Laboratories confirmed a cybersecurity incident that led to a fraudulent transfer of Rs 52 crore from one of its subsidiaries affecting the brand value and reveling serious vulnerabilities at several level. The disclosure raises concerns about vulnerabilities in India’s pharmaceutical sector to cyberattacks and led to price fall in their share prices. Alkem stated…

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2024 Trends for Cybersecurity ;What they Bring in for Practitioners Wiley Research

The cost of responding to cyber-attacks keeps mounting, federal and state regulators have responded with increased regulations and disclosure requirements enhancing the complexities associated with responding to ransomware attacks and data breaches. Wiley has looked back at the top cyber issues for 2023 and what they mean for 2024. The National Cyber security Strategy—which outlined a…

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