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How Much Does Failing to Install a Patch Cost? $550,000

The feds have upped the game and are going after companies that get breached that do not have effective cybersecurity programs. In this case, practice management software vendor Professional Business Systems, Inc. The company, who does business under the name Practicefirst Medical Management Solutions failed to install a firewall patch in January 2019. That failure […]

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Verified Twitter Account Uses AI to Spread Hoax Pentagon Explosion

There is always a dark side to any piece of tech. AI is no exception. Dozens of verified Twitter accounts with large numbers of followers showed this picture today. Only the photo posted on Twitter did not have a big red FAKE on it. Accounts such as @WarMonitors, @BloombergFeed, and RT posted an image of a large, gray smoke […]

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Security News Bites for the Week Ending May 19, 2023

Part Time Hackers Get Rich A business email compromise hacking group, based in Israel, is so good that it only needs to work part time. Only targeting large companies and their executives, the average haul for this team is $712,000. The overall average from BEC attacks is only $65,000. Learn their success strategy and avoid […]

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Twitter and Saudis Face Racketeering (RICO) Charges as Lawyers Get Creative

RICO is a dragnet law which can subject people and companies to very serious penalties and jail time. This is an extension of the negligence class-actions that use the principles of the Caremark Standard to go after companies with inadequate cybersecurity programs. This is a shift away from the lawsuits the claim that “my social […]

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68% of CISOs in 16 Countries Fear Cyberattack in Next 12 Months – What About You?

We are back to pandemic level cyber fear. Security firm Proofpoint says that compared to last year, CISOs are feeling less prepared to cope with cyberattacks and more at risk. Threats are always increasing, data is being ripped off in more ways than we can count, cybersecurity budgets are not what they need to be, […]

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