Hybrid Cloud | Breaking Cybersecurity News | The Hacker News

The threat actor known as Storm-0501 has targeted government, manufacturing, transportation, and law enforcement sectors in the U.S. to stage ransomware attacks. The multi-stage attack campaign is designed to compromise hybrid cloud environments and perform lateral movement from on-premises to cloud environment, ultimately resulting in data exfiltration, credential theft, tampering, persistent backdoor access, and ransomware deployment, Microsoft said. "Storm-0501 is a financially motivated cybercriminal group that uses commodity and open-source tools to conduct ransomware operations," according to the tech giant's threat intelligence team. Active since 2021, the threat actor has a history of targeting education entities with Sabbath (54bb47h) ransomware before evolving into a ransomware-as-a-service ( RaaS ) affiliate delivering various ransomware payloads over the years, including Hive, BlackCat (ALPHV), Hunters International, LockBit, and Embargo ransomware. A n...

John Hanley of IBM Security shares 4 key findings from the highly acclaimed annual Cost of a Data Breach Report 2023 What is the IBM Cost of a Data Breach Report? The IBM Cost of a Data Breach Report is an annual report that provides organizations with quantifiable information about the financial impacts of breaches. With this data, they can make data driven decisions about how they implement security in their organization. The report is conducted by the Ponemon Institute and sponsored, analyzed, and published by IBM Security. In 2023, the 18th year the report was published, the report analyzed 553 breaches across 16 countries and 17 industries. According to Etay Maor, Senior Director of Security Strategy at  Cato Networks , "We tend to talk a lot about security issues and solutions. This report puts a number behind threats and solutions and provides a lot of information to support claims of how a threat actor, a solution or a process impacts you financially." Key Finding #1:...

Every week seems to bring news of another data breach, and it's no surprise why: securing sensitive data has become harder than ever. And it's not just because companies are dealing with orders of magnitude more data. Data flows and user roles are constantly shifting, and data is stored across multiple technologies and cloud environments. Not to mention, compliance requirements are only getting stricter and more elaborate.  The problem is that while the data landscape has evolved rapidly, the usual strategies for securing that data are stuck in the past. Gone are the days when data lived in predictable places, with access controlled by a chosen few. Today, practically every department in the business needs to use customer data, and AI adoption means huge datasets, and a constant flux of permissions, use cases, and tools. Security teams are struggling to implement effective strategies for securing sensitive data, and a new crop of tools, called data security platforms, have appear...