CYFIRMA's May 2024 Ransomware report highlights significant increases in ransomware activity, with LockBit3 surging tremendously and Play rising by 10.34%. Incransom's activity doubled, while RansomHub and Medusa also showed notable activity.
Manufacturing, real estate, banking, and healthcare industries saw increased targeting. The US remains the top geographical target. Emerging groups like SpiderX, Fakepenny, and Arcusmedia present new threats.
More insights and details in the report.
🚀 Market Validation Alert! 🚀
The recent $125 million growth financing round secured by Semperis underscores a crucial market need for robust Identity and Access Management (IAM) Resilience. This significant investment, led by J.P. Morgan and Hercules Capital, highlights the increasing demand for advanced identity system defense solutions.
As cyber threats grow more sophisticated, protecting identity infrastructure has never been more critical. Semperis, a leader in identity-driven cyber resilience, demonstrates the industry's shift towards prioritizing IAM resilience to mitigate the impacts of ransomware and other cyberattacks.
This sets the IAM resilience market to new heights, with expectations for a multi-billion dollar market.
At Acsense, we are proud to be at the forefront of this movement. Our pioneering solutions in IAM resilience for Okta’s products set the standard for innovation and security. As Semperis continues to innovate and expand, it's clear that IAM resilience is not just a luxury but a necessity for enterprises globally.
Let's stay ahead of the curve and build a safer digital future together.
#CyberSecurity#IAMResilience#MarketTrends#Acsense#Semperis
PPRO names Bronwyn Boyle as new chief information security officer - FinTech Futures: PPRO names Bronwyn Boyle as new chief information security officer FinTech Futures #CyberSecurity#InfoSec#SecurityInsights
🔒 The Convergence of Cyberattacks and Insider Threats in the Financial Sector 🔒
✨ A New #Blogpost by the EU-CIP Partner 💡
Read the full text>>>https://lnkd.in/ePV2XDDD
In today’s digital world, the protection of #CriticalInfrastructure (CIP) in the financial sector is more crucial than ever. The rise of cyberattacks and insider threats presents complex challenges that can undermine public trust and disrupt #essential services.
To combat these evolving threats, a holistic security approach that integrates cyber and physical #defense strategies is essential. Initiatives like EU-CIP and FINSEC Project are leading the way by promoting collaboration and knowledge sharing across sectors, helping financial institutions strengthen their resilience.
As Michele C. from GFT ITALIA S.R.L. highlights, it’s time to stay informed, stay vigilant, and adopt innovative solutions to safeguard critical infrastructure.
🔑 Stay informed. Stay vigilant. Stay secure.
#CyberSecurity#CIP#FinancialSector#InsiderThreats#CyberAttack#Resilience#Innovation#EU_CIP#FINSEC#ThreatDetection
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