Recent high-profile breaches resulting from API attacks are "just the tip of the iceberg," said Gartner analyst Dionisio Zumerle. "What we have is a new way of exchanging information which is increasingly popular, and almost no organization has the recipe to secure that new way of communicating."
A now-patched bug that caused OpenAI to take down the ChatGPT chatbot for nine hours on Monday also revealed the last four digits of payment cards, the company disclosed Friday. One user said he saw the history of another account including the topics "phobia of rats" and "sexist music video clips."
In the 21-month stretch from October 2020 to June 2022, a whopping 48 cybersecurity startups received 10-figure valuations as investors evaluated prospects on potential rather than performance. Now that the financial boom has gone bust, what happens to these unicorns from a different economic era?
Wiz has become the most valuable venture-backed cybersecurity vendor in the world, raising $300 million on a $10 billion valuation just three years after its founding. The New York-based startup will use the Series D proceeds to guard more complex cloud environments and fulfill robust global demand.
The adoption of new technologies, multi-cloud architectures and multiple data storage sites has resulted in data residing in more places than ever before. That's why enterprises need a single pane of glass to know who's touching their data and why, says Imperva CEO Pam Murphy.
Zscaler has agreed to purchase a startup established by a former Proofpoint executive to help organizations thwart SaaS supply chain attacks. The proposed acquisition of Tel Aviv, Israel-based Canonic Security will help customers streamline SaaS application governance and enforcement.
Banking Trojans, ransomware, fake finance apps programmed to steal data - the cybercriminal cartels have become more punitive in 2023, escalating destructive attacks on financial institutions. This is just one key finding of the annual Cyber Bank Heists report by Contrast Security's Tom Kellermann.
APIs represent the best and worst of times - "massive amounts of business value, but massive amounts of unmitigated risk," says Richard Bird, CSO, Traceable AI. In the past year, misconfigured or error-prone APIs resulted in high-profile breaches at Twitter and T-Mobile. He sees more on the horizon.
Organizations have struggled to understand why APIs are so strategic even though they're an intrinsic way businesses interface with their software, according to Checkmarx CEO Emmanuel Benzaquen. He says API abuse is slated to become one of the most common types of web application data breaches.
U.S. federal authorities are establishing a new office to tackle supply chain security issues and help industry partners put federal guidance and policies into practice. Former GSA administrator Shon Lyublanovits says she is spearheading the launch of the new organization.
The nearly $200 million it raised in December will allow Snyk to consolidate the developer security market through organic investment and M&A, says CEO Peter McKay. Snyk has focused on bringing open-source security, container security, infrastructure- as-code security and cloud security together.
Organizations must grapple with software development happening at a faster pace than ever as well as an exponential increase in attacks on the software layer. Contrast Security has therefore developed new technology to secure code that's deployed quickly to the cloud, CEO Alan Naumann says.
77% of SMBs believe their IT environments have become more complex over the past two years, and 52% of SMBs believe that this complexity is driving a rapid change in the cybersecurity landscape.
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Seattle police have charged an online retailer's "shopping experience" software programmer with engineering a fraud scheme based on the movie "Office Space," in which malicious software was used to transfer a fraction of every transaction into an outside account.
In the latest update, four ISMG editors discuss important issues of 2022, including: CISO Marene Allison's unique career path; Ukrainian government cybersecurity official Victor Zhora on lessons learned from countering cyberattacks; and insights from CEO Nikesh Arora of Palo Alto Networks.
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