Cisco to Buy Vulnerability Management Firm Kenna Security
Cisco Systems has agreed to buy Kenna Security to help customers more effectively prioritize vulnerabilities based on threat intelligence and business impact.
The networking giant said that its proposed acquisition of Kenna will make it easier for organizations to work cross-functionally to rapidly identify, prioritize and remediate cyber risk. This is the first significant acquisition for Cisco’s robust security business since the company bought multi-factor authentication vendor Duo Security for $2.35 billion in October 2018.
Cybercrime Thrives During Pandemic
With an unprecedented number of people working remotely, phishing and ransomware attacks have increased by 11 percent and 6 percent, respectively, with instances of misrepresentation increasing by 15 times compared to last year, as per the recent Verizon Business 2021 Data Breach Investigations Report. This year’s report saw 5,258 breaches from 83 contributors across the globe, a third more breaches analyzed than last year.
Additionally, breach data showed that 61 percent of breaches involved credential data (95 percent of organizations suffering credential stuffing attacks had between 637 and 3.3 billion malicious login attempts through the year).
The report also highlighted the challenges facing businesses as they move more of their business functions to the cloud – with attacks on web applications representing 39 percent of all breaches.
Tenable Research Finds Scammers Made Over $10 Million with Fake Cryptocurrency Giveaway Scams
A recent research from Tenable, the Cyber Exposure company, has found dozens of compromised social media accounts that peddled fake cryptocurrency scams in the lead up to SpaceX and Tesla CEO Elon Musk’s appearance on NBC’s Saturday Night Light.
The research estimates that scammers netted over $10 million between May 7-9, 2021. The analysis revealed that scammers stole over $9.4 million in Dogecoin, $609,000 Bitcoin and at least $423,000 Ethereum.
Popular YouTube account Wave Music Bhojpuri, a channel with 18.9 million subscribers, was hijacked during the scam campaign. Other compromised YouTube channels were also observed in the United States, Brazil, Germany, Indonesia, the Philippines, Saudi Arabia and Kazakhstan to promote phoney cryptocurrency giveaways.
