NEW YORK - The surging cost of cybercrime, expected to jump from a shocking $9.2 trillion to a head-spinning $13.8 trillion in the next four years, continues fuelling cybersecurity market growth, both in revenue and the amount of capital poured into the companies working in this space. According to data presented by Stocklytics.com, cybersecurity companies
EAST LANSING - On July 19, 2024, a CrowdStrike software update unleashed mayhem on computer systems at airports, banks and more from Australia to Atlanta. What happened, and what lessons can we take away? Presidio cybersecurity expert Dan Lohrmann, former chief information officer at the state of Michigan, said bottom line, mistakes will be made,
LAS VEGAS — At the largest hacker conference in the world this week, DEFCON 2024, a notable turnout occurred for a rare and overtly partisan event, the DEF CON Political Fundraiser 2024 Backing Kamala Harris’ Presidential Campaign. This fundraiser was specifically aimed at supporting the presumptive Democratic presidential nominee, Kamala Harris. 1. How Much Money
LAS VEGAS — DEF CON, the world’s largest hacker conference, is trying to put its legions of experts to work by creating a volunteer army to help protect America’s vulnerable water systems and schools. The project is part of a larger attempt to harness the talent of the roughly 30,000 hackers who now make the
DETROIT - Tamara Shoemaker, who founded the Michigan Cyber Patriot Program a decade ago, is now the new president of the Michigan Chapter of Women in CyberSecurity. WICyS hopes to move the needle in women’s underrepresentation in cyber. Explore the Membership Benefits page to determine if WiCyS is your community. The group offers professional and
ANN ARBOR - SensCy, a virtual CIO company that works with small and medium-sized business, has hired Frank Sadeghi as President. He makes his first public appearance in this video interview on MITech TV. He is joined in the interview with Rick Snyder, now Chairman and CEO of SensCy. Prior to joining SensCy, Frank served
BIRMINGHAM – A massive AT&T Cyberattack caused Hackers to Steal Millions of Customer Records. Consequently, AT&T revealed that nearly all of its wireless customers' call and text records were exposed. Furthermore, the hackers accessed customer data stored on a third-party cloud platform. Cybersecurity expert Richard Stiennon, founder of IT-Harvest and publisher of the Security Yearbook,
NEW YORK – According to the RockYou2024 file, Nearly 10 Billion Passwords were Stolen By Hackers on July 8th. In fact, hackers leaked one of the largest password compilations online. Consequently, a massive password data breach exposed nearly 10 billion unique plain text passwords. The leaked file, titled "RockYou2024.txt", contains a staggering 9,948,575,739 compromised login
NEW YORK - Android banking Trojan Medusa has returned after almost a yearlong hiatus and is now even more dangerous. The new variant of the Trojan is lightweight and requests fewer device permissions to avoid detection. First identified in 2020, Medusa is a Turkish-linked banking Trojan that initially targeted Turkish financial institutions. It expanded rapidly by 2022,
ANN ARBOR, Mich. — SensCy, a leader in cybersecurity for small and medium sized organizations, announced the appointment of Frank Sadeghi as President, effective July 1st. Prior to joining SensCy, Frank served as Global EVP of RethinkCare - a leading behavioral and mental health platform supporting neurodiversity in the workplace and at home. Previously, Frank held senior
