A selfie image of Paige Thompson

Capital One Hacker Paige Thompson Sentenced to Time Served

David Perera • October 4, 2022

Paige Thompson, the Capital One hacker known as "erratic," was sentenced to time served and five years of probation following her June conviction in U.S. federal court. The five-time felon exploited a weakness in web application firewalls on AWS accounts to steal data of 100 million individuals.

Governance & Risk Management

Uber Ex-CSO's Trial: Who's Responsible for Breach Reporting?

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Cloud Security

Lacework Co-CEO David Hatfield Out 4 Months After Layoffs

Michael Novinson • October 5, 2022

David "Hat" Hatfield has exited the co-CEO role at Lacework just four months after the cloud security vendor laid off 20% of its employees. The move will bring Lacework's co-CEO experiment to an end after just 14 months, with Facebook engineering head Jay Parikh moving forward as sole CEO.

3rd Party Risk Management

Another Telco Breach Rocks Australia

Mihir Bagwe • October 4, 2022

Australia's largest telecom provider acknowledged Tuesday a data breach, but said the data came from a now-defunct employee rewards program from 2017. A company executive accused the hacker behind the breach of seeking to profit from a tense climate created by a much larger breach at rival Optus.

Blockchain & Cryptocurrency

Scammers Get Scammed, Crypto Worth Thousands Stolen

Rashmi Ramesh • October 4, 2022

A cryptocurrency thief is hacking into other scammers' fraudulent liquidity mining websites to reach directly into the digital wallets of victims. The threat actor, dubbed Water Labbu by Trend Micro, has so far filched 316,728 USDT and infected 45 fraudulent decentralized applications.

Artificial Intelligence & Machine Learning

Qualys Buys Blue Hexagon to Aid Secure Public Cloud Adoption

Michael Novinson • October 4, 2022

Qualys has purchased a startup founded by longtime Qualcomm leaders to help detect supply chain infections, crypto miners and unauthorized activity in the cloud. The deal will allow customers to detect active exploitation, identify advanced threats and create an adaptive risk mitigation program.

Blockchain & Cryptocurrency

Hacker Steals $29M From Transit Finance, Returns $19M

Rashmi Ramesh • October 3, 2022

A hacker exploited a smart contract bug to steal about $29 million from DEX aggregator Transit Finance. Within hours of the theft, the attacker returned nearly $19 million - but not before keeping a $2 million "bug bounty" and losing $1.1 million to a bot theft.

Blockchain & Cryptocurrency

US Regulators Identify Cybersecurity Risks in Crypto Trading

Rashmi Ramesh • October 3, 2022

A council chaired by Treasury Secretary Janet Yellen and comprised of the heads of major federal financial regulatory agencies called on Congress to more closely regulate the spot market for crypto assets. A report from the council identifies risks in digital assets, including cybersecurity.

Application Security

Tim Eades of vArmour on Expanding From Banking to Government

Michael Novinson • October 3, 2022

While vArmour has enjoyed success in banking, the U.S. government is now the fastest-growing part of its business. CEO Tim Eades says much of the government doesn't understand the relationships and dependencies among vArmour's applications or the consequences of an application going down.

Endpoint Security

Why Is Akamai an Appealing M&A Target for Private Equity?

Michael Novinson • October 3, 2022

The steady barrage of acquisition reports around publicly traded digital experience vendor Akamai has intensified in recent weeks. The latest salvo landed Monday when StreetInsider reported that the intelligent edge platform provider held talks with a private equity firm about a potential takeover.

Business Continuity Management / Disaster Recovery

Pentagon Bug Bounty Program Uncovers 350 Vulnerabilities

Prajeet Nair • October 1, 2022

The U.S. Department of Defense uncovered almost 350 vulnerabilities in the department's networks as part of its experimental bug bounty program launched on American Independence Day. The weeklong bug bounty challenge called "Hack U.S." ran from July Fourth to July 11.

Fraud Management & Cybercrime

North Korea Trojanizing Open-Source Software

Mihir Bagwe • September 30, 2022

North Korea is using weaponized versions of open-source utilities to spy on the technology, defense and entertainment sectors worldwide. Microsoft says it spotted fake profiles of supposed job recruiters who really are Pyongyang hackers manipulating victims into downloading Trojans.

Cloud Security

Cloudflare, VCs Join Forces to Give Away $1.25B to Startups

Michael Novinson • September 30, 2022

Cloudflare has joined forces with 26 venture capital firms to provide up to $1.25 billion in financing to startups building on the company's developer platform. The Workers Launchpad Funding Program will connect developers with investors around the world to scale their startups faster.

Cloud Security

Orca Security's Avi Shua on Making Cloud Safe for Government

Michael Novinson • September 30, 2022

Security firms must increasingly follow U.S. government security requirements even if they don't serve federal agencies themselves, says Avi Shua, Orca Security co-founder and CEO. That's because cloud vendors such as Orca often serve businesses that contract or subcontract with the U.S. government.