Large enterprises may have hundreds or thousands of APIs. Concerns over API vulnerabilities have been around for years, but most organizations outside of highly regulated industries such as banking have not taken the steps to understand the threats they face, said Richard Bird, CSO at Traceable.
In the latest weekly update, ISMG editors discuss the White House's debut of a $20 million contest to exterminate bugs with AI, a New York man admitting to being behind the Bitfinex hack, and a new malware campaign that is targeting newbie cybercriminals in order to steal sensitive information.
OpenText acquired several cyber companies in recent years to protect sensitive information and data everywhere from consumer to large enterprise environments, said EVP Prentiss Donohue. The Micro Focus buy shored up OpenText's offerings around application and data security and identity management.
How much of a risk do hacktivists pose? Hacktivism's heyday was arguably a decade ago. While activists do keep using chaotic online attacks to loudly promote their cause, they're tough to distinguish from fake operations run by governments, including Russia and Iran.
Shadow APIs are up 900%, and API business logic abuse attacks have come to the forefront and are demanding both discovery and defensive measures from cybersecurity organizations, said James Sherlow, director of solution engineering in EMEA at Cequence Security.
The rapid pace of API development has created major risk for companies given the amount of data that's being exposed, said Salt Security CEO Roey Eliyahu. The security industry hasn't adapted quickly to address these problems since it's still used to relatively static APIs that were easy to guard.
Why are so many fresh zero-day vulnerabilities being exploited in the wild? Google reported that attackers often discover variants of previously exploited flaws, which suggests that vendors aren't doing enough to fix the root cause of flaws - or to avoid introducing fresh ones with their fixes.
Application journeys are fluid in practice because applications can live anywhere. Complex deployments with too many tools to configure and manage and overwhelmed IT teams lead to mistakes, so organizations should take a cybersecurity mesh platform approach to securing their application journeys.
A startup founded by two Israel Defense Forces veterans and backed by the likes of Insight Partners and Cyberstarts could soon be acquired by CrowdStrike. The endpoint security firm is in advanced negotiations to purchase Silicon Valley-based application security posture management vendor Bionic.
Attackers are increasingly using carefully crafted business logic exploits in which attackers effectively social engineer an API to do something it wasn’t intended to do, according to Stephanie Best, director of product marketing for API security at Salt Security.
Thales has agreed to purchase Imperva for $3.6 billion to enter the application and API security market and expand its footprint in data security. The deal will add a robust web application firewall along with capabilities in API protection and data discovery and classification to Thales' portfolio.
The Russian-language Clop crime group's mass exploitation of MOVEit file-transfer software demonstrates how criminals continue to seek fresh ways to maximize their illicit profits with minimal effort. Ransomware response firm Coveware says Clop may clear over $75 million from this campaign.
What does generative AI mean for security? In the short term, and possibly indefinitely, we will see offensive or malicious AI applications outpace defensive ones that use AI for security. We also will see an outsized explosion in new attack surfaces. HackerOne can help you prepare your defenses.
Adobe released a fresh out-of-band security update to patch an improperly fixed ColdFusion zero-day vulnerability being actively exploited in the wild that allows attackers to bypass security controls. The update includes fixes for two other critical vulnerabilities.
While self-proclaimed Russian hacktivist groups such as KillNet, Tesla Botnet and Anonymous Russia claim they're wreaking havoc on anti-Moscow targets, a fresh analysis of their attacks finds that despite rampant self-promotion, their real-world cybersecurity impact is typically negligible.
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