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06/13/2024
Microsoft’s Brad Smith acknowledges past security failures, outlines new initiatives
Not everyone was as harsh on Microsoft’s previous mistakes. Jeff Williams, co-founder and chief technology officer at application security software platform provider Contrast Security Inc., noted that “while it’s pretty obvious in hindsight that they made a mistake, I think commentators are judging them without seeing the whole picture.”
“The unfortunate reality is that software is far more complex than most people understand,” he said. “A single application is built from dozens of source code repos, hundreds of open-source libraries, multiple application frameworks, server software and often multiple language platforms. And Microsoft has tens of thousands of applications, each of which has vulnerabilities reported all the time by tools, penetration testers, customers and more.”
02/08/2023
Ransomware attack on ION Trading shows markets' vulnerability to hackers
In a rare case of a ransomware attack bringing down a segment of the financial services industry.
02/08/2023
Financial Institutions Face Increased Cybersecurity Risks
A new survey shows 60% of large global financial institutions were hit by damaging cyber-attacks last year.
02/07/2023
Report Finds 60% Of Banks Surveyed Were a Victim of Destructive Cyber Attack
Contrast Security has released its annual Cyber Bank Heists report which highlights the cybersecurity threats facing the financial sector.
02/07/2023
Larger financial institutions hit by variety of cyberattacks in 2022
More than 60% of global financial institutions with at least $5 billion in assets were hit by a variety of cyberattacks over the past year.
02/03/2023
Contrast Security Launches Alliance Program
Contrast Security, a code security platform built for developers, launched its new partner program, the Security Innovation Alliance (SIA).
02/03/2023
LockBit brags it pumped ION full of ransomware
Crims put a February 4 deadline for software slinger to pay up.
02/02/2023
Contrast Launches Security Innovation Alliance
Contrast Security announced the launch of its new partner program, the Security Innovation Alliance (SIA).
02/01/2023
Contrast Security Aims To Drive Growth For AppSec Tool Through Integrations With AWS, VMware, Microsoft
By pre-integrating its code security platform with numerous other technology providers, Contrast Security is seeking to help channel partners to drive increased adoption of the tool.
01/31/2023
Hive Ransomware Shut Down by Law Enforcement Operation; FBI in Possession of Decryption Keys, Group’s Public-Facing Website
The Hive ransomware threat appears to be very much in retreat as the US Department of Justice recently announced the seizure of the group’s decryption keys and infrastructure.
01/27/2023
FBI disrupts Hive ransomware: Hospitals among those spared
The bureau, with an array of allied agencies composing the International Ransomware Taskforce.
01/27/2023
DOJ ‘disrupts’ Hive ransomware group, as FBI infiltrates network and thwarts ransom demands
The U.S. Department of Justice announced Thursday its ‘months-long disruption’ campaign against the Hive ransomware group.
01/27/2023
Ransomware experts laud Hive takedown but question impact without arrests
The Justice Department’s splashy announcement of the takedown of the Hive ransomware group’s infrastructure.