Compromised cloud accounts costing businesses millions

Compromised cloud accounts cost organizations millions each year, a new report from cybersecurity firm Proofpoint and IT security research organization Ponemon Institute claims. Part of the problem surrounds the fact that many don’t know who is responsible for safeguarding that data. At the same time, criminals are increasingly eyeing up cloud as a treasure trove of sensitive data. The average …

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Bugs in Microsoft’s email service see thousands of businesses compromised

Thousands of US companies are being targeted by a state-sponsored hacking group that is taking advantage of vulnerabilities discovered in Microsoft’s Exchange Server.  As first reported by Krebs on Security, four different Outlook vulnerabilities were abused in attacks against more than 30,000 organizations across the US. Police and fire departments, rescue units, telecoms providers, banks and utilities are just some …

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