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IBM has fixed a high-severity security vulnerability affecting its Cloud Databases (ICD) for PostgreSQL product that could be potentially exploited to tamper with internal repositories and run unauthorized code. The privilege escalation flaw (CVSS score: 8.8), dubbed " Hell's Keychain " by cloud security firm Wiz, has been described as a "first-of-its-kind supply-chain attack vector impacting a cloud provider's infrastructure." Successful exploitation of the bug could enable a malicious actor to remotely execute code in customers' environments and even read or modify data stored in the PostgreSQL database. "The vulnerability consists of a chain of three exposed secrets (Kubernetes service account token, private container registry password, CI/CD server credentials) coupled with overly permissive network access to internal build servers," Wiz researchers Ronen Shustin and Shir Tamari  said . Hell's Keychain commences with an SQL inject...

Google Workspace has quickly become the productivity backbone for businesses worldwide, offering an all-in-one suite with email, cloud storage and collaboration tools. This single-platform approach makes it easy for teams to connect and work efficiently, no matter where they are, enabling seamless digital transformation that's both scalable and adaptable. As companies shift from traditional, on-premises setups focused on device security, to more user-centered, hybrid models, Google Workspace is perfectly positioned to support this evolution. Now, the user account itself is the central hub, allowing access from any device or location — a game changer in today's remote and distributed work environments. However, with all this connectivity and flexibility comes a challenge. Google Workspace connects to countless apps and touches every user in the organization, making it an appealing target for cybercriminals. The platform's internet accessibility opens up additional entry points, raisi...

The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl...

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:...

The modern business landscape is thrilling yet daunting. Rapidly evolving technology, persistent cyberthreats and escalating operational complexities make data protection and seamless business continuity challenging for businesses of all sizes. Your organization needs robust security measures that go beyond traditional backup solutions to address the intricacies of today's complex IT ecosystems. To ensure comprehensive security and smooth operation of critical business processes, your organization needs more than periodic backups — it requires a comprehensive, proactive approach that integrates advanced backup strategies, disaster recovery (DR) capabilities and state-of-the-art ransomware protection. In this article, we'll examine the current cyberthreat landscape, how it is evolving and how you can prepare your organization to overcome unprecedented challenges in 2025 and beyond. Take a self-guided product tour of Unitrends Unified BCDR to experience effortless backup and disaste...

IBM's 2023 installment of their annual " Cost of a Breach " report has thrown up some interesting trends. Of course, breaches being costly is no longer news at this stage! What's interesting is the difference in how organizations respond to threats and which technologies are helping reduce the costs associated with every IT team's nightmare scenario.  The average cost of a breach rose once again to $4.45 million, increasing 15% over the last three years. Costs associated with escalation and detection have rocketed up 42% during the same period. With that in mind, I was surprised to learn that only 51% of the breached entities surveyed by IBM decided to bolster their security investments, despite the rising financial consequences of dealing with a breach. Headline stats around breach costs are interesting – but can digging into these trends actually help you save money? Organizations want to know where to invest their security budget and which technologies offer the bes...

Another day, Another data breach! This time sensitive and personal data of millions of transporters in Sweden, along with the nation's military secrets, have been exposed, putting every individual's as well as national security at risk. Who exposed the sensitive data? The Swedish government itself. Swedish media is reporting of a massive data breach in the Swedish Transport Agency (Transportstyrelsen) after the agency mishandled an outsourcing deal with IBM, which led to the leak of the private data about every vehicle in the country, including those used by both police and military. The data breach exposed the names, photos and home addresses of millions of Swedish citizen, including fighter pilots of Swedish air force, members of the military's most secretive units, police suspects, people under the witness relocation programme, the weight capacity of all roads and bridges, and much more. The incident is believed to be one of the worst government information...

The online world never takes a break, and this week shows why. From ransomware creators being caught to hackers backed by governments trying new tricks, the message is clear: cybercriminals are always changing how they attack, and we need to keep up. Hackers are using everyday tools in harmful ways, hiding spyware in trusted apps, and finding new ways to take advantage of old security gaps. These events aren't random—they show just how clever and flexible cyber threats can be. In this edition, we'll look at the most important cyber events from the past week and share key takeaways to help you stay safe and prepared. Let's get started. ⚡ Threat of the Week LockBit Developer Rostislav Panev Charged in the U.S. — Rostislav Panev, a 51-year-old dual Russian and Israeli national, has been charged in the U.S. for allegedly acting as the developer of the now-disrupted LockBit ransomware-as-a-service (RaaS) operation, netting about $230,000 between June 2022 and February 2024. Panev was ...