Data Breach | Breaking Cybersecurity News | The Hacker News

Though every organization is susceptible to data breaches, those in FinTech, Healthcare, and SaaS are particularly vulnerable to attacks due to the high volume of data they possess. It's all the more necessary for these organizations to secure their digital estate end-to-end. Identity & access management (IAM), authorization policies, and observability tools are required to enforce security. But with the proliferation of microservices, distributed architectures, numerous vendor and partner integrations, as well as open-source components, the digital supply chain has become more vast and complex than ever. This requires a purpose-built security solution that addresses the new needs of organizations in these sectors, to which Non-human identity management has risen to meet. Let's dive deeper, by looking at recent data breaches in each of these three sectors, beginning with FinTech. Breach examples in FinTech The term 'FinTech' includes a range of organizations such as banks, no

Cyberattacks are already the most significant operational and financial threat to almost every type of business. Surveys of CISOs consistently reveal phishing attacks, identity security, social engineering, and the resulting data breaches and ransomware attacks are the top concerns.  These fears are well founded. Each new day brings fresh headlines of another major breach or successful ransomware attack. The Cybersecurity and Infrastructure Security Agency (CISA), an agency of the DHS reports that 90% of ransomware attacks begin with phishing. Last quarter witnessed the first individual ransomware loss that exceeded a billion dollars of damages, and a leading news media reported nine new major breaches in a single week.  What is driving this epidemic and how much worse will it get?  The answers are both simple and complex. The simple answer is that this next generation of cyberattacks is being driven by the incredible power and innovation of generative AI, while the primary defens