The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike’s glitchy security software update that disrupted internet services worldwide last week, Fitch Ratings said. Preliminary estimates suggest that insured losses could be in the range of mid-to-high single-digit billion dollars and most claims would be…
A team of researchers from the University of California San Diego has published a paper detailing a novel attack method targeting Intel CPUs. The chip giant says no new mitigations are required to address it. The new attack, named Indirector, is similar to the well-known Spectre v2 or Spectre Branch Target Injection (BTI) attack. These methods typically allow…
Santosh Sheshware has assumed the roles of Chief Information Security Officer and Head of Information Security at Aditya Birla Sun Life Insurance. This is a significant step towards enhancing the company’s cybersecurity framework. With over 17 years of experience in information security across prominent organizations like Bharti AXA Life, PNB MetLife, India Infoline group, HSBC,…
Deal Integrates Lacework’s CNAPP into Fortinet’s Security Fabric and SASE Platform Fortinet extended a lifeline to troubled cloud security vendor Lacework, agreeing to purchase the late-stage startup that once earned the largest funding round in cybersecurity history. The Silicon Valley-based platform security vendor said the proposed acquisition of San Jose, California-based Lacework will enhance Fortinet’s…
Tata group chairman N Chandrasekaran on Friday said companies in the diversified group are executing over 100 generative artificial intelligence projects. AI can also have negative impacts, Chandrasekaran said, flagging potential job losses and privacy concerns as the areas we need to focus on. Addressing the group’s information technology (IT) services arm TCS’ 29th annual…
Google is highlighting several problems with Microsoft’s cybersecurity practices, and is positioning itself as a more secure alternative for managing sensitive government data and operations. Google has published new security recommendations and a detailed white paper scrutinizing Microsoft’s cybersecurity practices following recent nation-state attacks. This move appears to be part of Google’s strategy to attract…
RBI deputy governor Swaminathan J said the potential impact of a cyberattack on a bank’s operations, reputation, and financial stability cannot be “overstated”, as he emphasised the need for proactive risk mitigation strategies. Speaking at the Conference of Heads of Assurance of Urban Cooperative Banks here on Thursday, the deputy governor said that in the…
IBM to Deliver Security Consulting Services Across Palo Alto Networks Security Platforms News Summary: IBM to platformize internal security solutions with Palo Alto Networks; Palo Alto Networks will be its preferred cybersecurity partner across network, cloud and SOC Palo Alto Networks will incorporate watsonx large language models (LLMs) in Cortex XSIAM to deliver additional Precision…
RaaS market disruption The ransomware-as-a-service (RaaS) market is getting disrupted, which has armed hackers with easy-to-use, off-the-shelf, and affordable ransomware solutions. The market, which has witnessed the disappearance of big players for over two years, is getting populated with ‘Junk Gun’ ransomware on the dark web The new family of ransomware is attracting ‘buyers’ because…
Cisco on Thursday launched HyperShield, a new security product that uses AI to protect applications, devices, and data across data centers, clouds, and physical locations. The move follows Cisco’s acquisition of Splunk, which the enterprise tech titan bought for $28 billion earlier this year. Jeetu Patel, Cisco’s executive vice president, said HyperShield was designed with…
