Patelco Credit Union, a California-based not-for-profit organization with assets exceeding $9 billion, has disclosed a ransomware attack that led to the shutdown of several customer-facing banking systems. The attack occurred on June 29, and as a result, online banking, mobile app, and call center services are currently unavailable. Electronic transactions such as transfers, direct deposits,…
Larger organizations have increased their cybersecurity workforce this year. According to Wavestone’s “Cyber Benchmark 2024” report, companies with more than $1 billion in revenue now have one cyber professional per 1,086 employees, up from one per 1,285 employees in 2023. Financial businesses have been particularly successful in cultivating a strong cybersecurity workforce, with an average…
A critical flaw has been found in PTC’s servers, allowing unauthorized remote access to affected systems. The vulnerability, tracked as CVE-2024-6071, was given a CVSS score of 10, the highest possible rating. The issue affects Creo Elements/Direct License Servers and is advised to be updated immediately. Read more
The US Supreme Court’s decision in Loper Bright Enterprises v. Raimondo could significantly impact federal cybersecurity regulations by shifting regulatory approval from agencies to the courts. This ruling may lead to a wave of lawsuits that could ultimately gut the Biden administration’s recent cyber incident reporting requirements and other regulations. The court’s decision reverses nearly…
A ransomware attack on Evolve Bank & Trust has affected several other financial companies that use its services. The attackers, known as LockBit, gained access to customer information and encrypted some data, but Evolve’s backups minimized the impact. However, the attackers leaked the stolen data after Evolve refused to pay the ransom. The breach has…
