Tag Archive for: year
How Are Digital Security Stocks Doing This Year?
UKRAINE – 2021/05/18: In this photo illustration the Okta logo of an IT service management company … [+]
Our theme of Cyber Security Stocks has gained about 43% this year, performing slightly ahead of the broader Nasdaq-100, which remains up by around 40% over the same period. While the broader tech indices have benefited from enthusiasm surrounding generative artificial intelligence, cybersecurity stocks have also done well, as investors see tailwinds following a tough 2022, which saw the theme decline by about 39%.
Interestingly, Okta
As the world becomes more reliant on interconnected computer systems, cyber attacks can disrupt economic activity, sabotage critical infrastructure, and compromise countries’ security. This is making digital security a more important investment priority for governments and businesses. There have been a series of high-profile cyber attacks on businesses in recent quarters, including a notable attack on pay TV major Dish Networks. Russia could potentially carry out more cyber attacks on Western targets as its military offensive in Ukraine faces challenges. Moreover, ransomware attacks have also risen over the past year. This should translate into a stable demand for cyber security. Research firm Gartner
Cybersecurity players are also seeing increasing interest as acquisition targets. Larger tech companies, private equity funds, and defense majors have been acquiring players in this sector, given their somewhat attractive valuations, which are down from…
MOVEit, the biggest hack of the year, by the numbers
The mass-exploitation of MOVEit Transfer software has rapidly cemented itself as the largest hack of the year so far. While the full impact of the attack will likely remain untold for months to come, there are now more than 1,000 known victims of the MOVEit breach, according to cybersecurity company Emsisoft.
This milestone makes the MOVEit breach not just the largest hack of 2023 — but also one of the largest in recent history.
The fallout began in May when Progress disclosed a zero-day vulnerability in MOVEit Transfer, its managed file transfer service used by thousands of organizations around the world to move large amounts of often-sensitive data over the internet. The critical-rated vulnerability allowed attackers — specifically the notorious Clop ransomware and extortion gang — to raid MOVEit Transfer servers and steal customers’ sensitive data stored within.
Since then, Clop’s attacks and threats to publish the stolen data if it doesn’t receive payments have continued unabated, as have the number of known victim organizations, known impacted individuals and the costs associated with the fallout.
We take a look at the MOVEit mass hack by the numbers.
60,144,069
Just as the number of known victim organizations crossed the 1,000 milestone on August 25, the number of impacted individuals also surpassed the 60 million mark.
This figure, published by Emsisoft, is sourced from state breach notifications, SEC regulatory filings and other public disclosures. Emsisoft notes that while there will invariably be some overlap in terms of individuals impacted, the number is only likely to increase as more organizations continue to confirm MOVEit-related data breaches.
83.9%
U.S.-based organizations account for 83.9% of known MOVEit corporate victims, according to Emisoft’s researchers. Organizations in Germany account for about 3.6% of total victims, followed by Canadian companies at 2.6% and firms in the United Kingdom at 2.1%.
11 million
In July, U.S. government services contracting giant Maximus became the largest victim of the MOVEit breach after confirming that hackers accessed the protected health information — including Social Security numbers — of as many as 11 million…
No Independence-Day curbs, internet ban in Valley this year too: Cops | Latest News India
Srinagar: There will be no restrictions or internet ban in Kashmir on Independence Day, but a three-tier security will cover key venues to avoid any untoward event, divisional commissioner Vijay Kumar Bidhuri has said.
Internet services remained suspended across the Valley on important events like the Independence Day and Republic Day due to security concerns between 2005 and 2021. However, no such restriction has been imposed in the region over the last two years .
“There won’t be any restrictions in any part of Kashmir on Independence day. Also there won’t be restrictions on the internet on Independence Day… We are expecting huge participation of people in parades,” Bidhuri told reporters in Srinagar.
However, a three-tier security cover and drone surveillance have been put in place across the Kashmir Valley on August 15 to prevent any untoward incidents or threats, he added.
Additional director general of Police Vijay Kumar said that the police and security forces’ personnel are on high alert and ready to tackle any situation. “Drones will be used for surveillance across the region, and security arrangements have been made to ensure that common people don’t face any problems,” he added, calling upon local residents to join the celebrations in large numbers.
The J&K administration has made elaborate arrangements to mark the country’s 77th Independence Day.
On Sunday, Jammu & Kashmir Lieutenant Governor Manoj Sinha flagged off the “Tiranga Rally” on the banks of Dal lake to celebrate ‘Azadi Ka Amrit Mahotsav’ ahead of Independence Day. During the event, he also paid tributes to the slain soldiers as part of the “Meri Mati Mera Desh” campaign.
“I bow my head in reverence to the sacrifices of our freedom fighters and heroes who sacrificed their lives for the motherland. The memories of their martyrdom will forever live on in our hearts and inspire…