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Addressing the talent gap is essential to mitigating cybersecurity risks effectively. The United States has seen a wave of cybersecurity attacks over the years. In 2024, The Guardian reported that Volt Typhoon, a Chinese hacking group, infiltrated the networks of critical infrastructure organizations, including aviation, rail, mass transit, highways, maritime, pipelines, water, and sewage systems. U.S. intelligence revealed that the group had maintained access to some victim IT environments for over five years. Among the high-profile incidents, MGM Resorts faced a staggering $100 million loss. They were hit with cybersecurity attacks, leading them to shut down their systems in September 2023 “to mitigate risk to customer information,” according to NBC News. This meant workers could not access company emails, slot machines were inaccessible, and some customers could no longer enter their hotel rooms. Despite these measures, the hackers were still able to retrieve sensitive...
Microsoft is seeking to reinforce its cybersecurity, following a recent legal victory against overseas hackers. According to CNBC, the court ruling allowed Microsoft to appropriate 50 domains that hackers used to infiltrate user accounts. “Thallium,” a group of hackers reportedly based in North Korea, used malware to collect and misuse the personal information of thousands of users in America, Japan, and South Korea. The latest pernicious attacks compromised systems and enabled emails, calendar entries, and other password-protected information to remain available to hackers even after users had changed their passwords . Thallium hackers gained access to Microsoft accounts through phishing techniques, in which users are prompted to click on links that appear to be from genuine sources. The fallout from such hacks is substantial, as the malware embedded in the links creates infinite system vulnerabilities. Thallium is not the only group of its kind. Other groups, such as the...
Nearly 200 million Yahoo users in the U.S. and Israel are expected to receive checks from the company now that a two-year legal battle has ended. Yahoo has agreed to a $50 million settlement after a 2016 data breach impacted its email accounts. The company has been providing AllClear credit monitoring services for all impacted users over the span of two years. When the cyber-attacks initially happened in 2013, Yahoo originally disclosed that 1 billion of its users were impacted by the breach. The company later announced 3 billion of their email users were affected. Oath, which now owns Yahoo, will pay half of the settlement along with holding company Altaba. Yahoo’s settlement shines a light on the potential future of data breach settlements. In July, Target reached an $18.5 million settlement for its 2013 hacks. Now, eyes are on Facebook for its most recent hacks and Cambridge Analytica scandal.