Security News

IBM acquires Indian SaaS startup Prescinto to shine a light on renewable energy assets
2024-10-16 05:25

Also: Crypto-hub Binance helps Delhi police shut down solar power scam IBM announced on Tuesday it has acquired Prescinto – a Bangalore-based provider of asset performance management software for...

IBM Executive on Future Cybersecurity: Passkeys, Deepfakes & Quantum Computing
2024-09-05 18:33

IBM's Chris Hockings predicts a safer internet with advances in passkey tech, digital identity, deepfake defenses, and post-quantum cryptography.

Palo Alto takes a big $500M bite out of IBM QRadar
2024-09-04 22:15

Big Blue also shifts to Prisma SASE to secure its 250,000 workforce Palo Alto Networks has completed its purchase of IBM's QRadar SaaS offering, spending $500 million to buy up the service's...

Data Breaches Are Costing Australian Organisations, IBM Report Reveals
2024-08-06 14:00

IBM recently released its annual Cost of a Data Breach report, revealing that the average cost of a data breach in Australia reached a record-high of AUD $4.26 million in 2024. Initial attack vectors: Phishing was the most common initial attack vector, accounting for 22% of breaches and costing businesses AUD $4.35 million per breach on average.

Proofpoint phishing palaver plagues millions with 'perfectly spoofed' emails from IBM, Nike, Disney, others
2024-07-30 06:27

A huge phishing campaign exploited a security blind-spot in Proofpoint's email filtering systems to send an average of three million "Perfectly spoofed" messages a day purporting to be from Disney, IBM, Nike, Best Buy, and Coca-Cola - all of which are Proofpoint customers. Guardio dubbed the campaign EchoSpoofing - because the spam was "Echoed" from email relay servers owned and operated by Proofpoint itself.

IBM spin-off Kyndryl accused of discriminating on basis of age, race, disability
2024-05-30 11:14

Exclusive Kyndryl, the IT services firm spun out of IBM, has been accused by multiple employees within its CISO Defense security group of discrimination on the basis of age, race, and disability, in both internal complaints and formal charges filed with the US Equal Employment Opportunity Commission. In an email exchange earlier this month, a Kyndryl security analyst, who having returned from short-term disability in December, felt he was being treated differently, and asked a manager whether he was facing retaliation for taking that time off.

IBM X-Force Report: Grandoreiro Malware Targets More Than 1,500 Banks in 60 Countries
2024-05-23 18:34

A new report from IBM X-Force exposes changes in the Grandoreiro malware landscape. The banking trojan is now capable of targeting more than 1,500 global banks in more than 60 countries, and it has been updated with new features.

IBM Sells Cybersecurity Group
2024-05-20 11:04

IBM is selling its QRadar product suite to Palo Alto Networks, for an undisclosed-but probably surprisingly small-sum. In 2016, IBM bought Resilient Systems, the startup I was a part of.

IBM, ISC2 Offer Cybersecurity Certificate
2024-02-14 20:59

The International Information System Security Certification Consortium and IBM teamed up on February 12 to launch the IBM and ISC2 Cybersecurity Specialist Professional Certificate, which can be earned through a free, four-month, beginner-level training course. IBM chose ISC2 to develop the certification program, which prepares potential cybersecurity professionals for a career in a cybersecurity specialist role.

Generative AI Can Write Phishing Emails, But Humans Are Better At It, IBM X-Force Finds
2023-10-24 11:00

Hacker Stephanie "Snow" Carruthers and her team found phishing emails written by security researchers saw a 3% better click rate than phishing emails written by ChatGPT. An IBM X-Force research project led by Chief People Hacker Stephanie "Snow" Carruthers showed that phishing emails written by humans have a 3% better click rate than phishing emails written by ChatGPT. The research project was performed at one global healthcare company based in Canada. In order to get ChatGPT to write an email that lured someone into clicking a malicious link, the IBM researchers had to prompt the LLM. They asked ChatGPT to draft a persuasive email taking into account the top areas of concern for employees in their industry, which in this case was healthcare.