A recent study by Commvault reveals that 83% of organizations have faced a significant security breach, with over half occurring in the past year. This highlights the urgent need for robust cyber recovery strategies. Security professionals are increasingly concerned about external threats and acknowledge the inevitability of breaches.

The manufacturing sector saw a significant rise in ransomware attacks in 2023, with two-thirds of organizations affected.

Australian rare earth mining company Northern Minerals reported that cybercriminals stole sensitive corporate secrets from its systems shortly after the government forced several Chinese investors to divest their shares.

Over the past six months, Android financial threats have surged, targeting mobile banking funds through traditional malware and cryptostealers, as reported by ESET.

Brad Smith, Microsoft's President and Vice Chair, vows to fully address security failures outlined in a March Cyber Safety Review Board report during his April 12, 2023 testimony at the Semafor World Economic Summit in Washington D.C. He acknowledges Microsoft's pivotal role in global cybersecurity, operating data centers in 32 countries and collaborating closely with the U.S. government and allies.

Hackers are attempting to sell what they claim are the bank account details of 30 million Santander customers for $2 million.

Days after claiming responsibility for hacking the US Federal Reserve, the Russia-linked LockBit ransomware gang has leaked customer data from Evolve Bank & Trust on the dark web.

Organizations are struggling to detect increasingly sophisticated breaches, with over one-third reporting their security tools fail to identify breaches, according to Gigamon.

In a notable development for the technology sector, Janco Associates has reported the first signs of a potential recession impacting IT professionals. The latest data indicates a concerning uptick in the unemployment rate for IT workers, a shift that could signal broader economic challenges ahead.

The Federal Reserve has launched a sophisticated AI-driven tool called the ScamClassifier model, aiming to bolster the fight against financial fraud. This new initiative is designed to enhance scam reporting, detection, and mitigation within the payments industry.

Security firm Kaspersky warns that 45% of passwords can be cracked within a minute using brute force or smart guessing attacks. Analyzing 193 million English passwords from the darknet, Kaspersky found 87 million could be broken within 60 seconds. Another 14% could be cracked in under an hour, while only 23% could last over a year.

One long-running campaign targets at least nine governments across Asia, the Middle East, and Africa. The APT group uses rare backdoors to maintain persistence and hacks email servers for intelligence, as reported by Unit 42 of Palo Alto Networks. Active since at least late 2022, the group, codenamed CL-STA-0043, is tracked under Operation Diplomatic Specter.