A new report released today by phishing detection and response solutions company Cofense Inc. details a staggering rise in credential phishing volume in the first quarter and an overall increase in active threats. In the first quarter, Cofense detected a 527% increase in credential phishing volume from the previous quarter, a shift described as “volatile.” The ...

German information technology services company Bitmarck Technik GmbH has been knocked offline after being hit by a cyberattack on Sunday. The company, a leading provider of IT services to the German healthcare industry, said on its temporary website that the attack had targeted its internal systems. Consequently, it took all customer service, internal systems and ...

The U.S. Federal Bureau of Investigation has requested a funding boost for its cybersecurity and related investigation services while highlighting that Chinese hackers outnumber FBI cyber staff by 50 to one. The request came at a congressional hearing late last week. FBI Director Christopher Wray told the House of Representative Appropriations Committee’s Subcommittee on Appropriations ...

T-Mobile USA Inc. has disclosed yet-another data breach, its second disclosed breach in 2023, and although this one affected fewer than 1,000 customers versus the 37 million affected in the last breach, it’s the eighth data breach since 2018. The latest data breach was discovered in March and affected 836 customers. In an April 28 letter ...

Chip designer Arm Ltd. has filed its paperwork to go public, setting the scene for what is likely to be the biggest initial public offering this year. The company made the announcement on Saturday, saying in a press release that it had confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities ...

The rise of artificial intelligence has also prompted more ethical concerns around copyright and fair use, given that generative AI such as Open AI LP’s ChatGPT as well as Stable Diffusion are trained on existing content such as text, images and video. On the one hand, the artist Grimes has embraced AI and has said ...

Shares in Snap Inc. fell sharply in late trading after the company reported a revenue miss in its first-quarter results and gave an informal outlook below expectations. For the quarter that ended March 31, Snap reported earnings before costs such as stock compensation of a penny, up from a loss of two cents per share ...

Shares in Cloudflare Inc. plunged nearly 25% in late trading after the content delivery network company issued a lower-than-expected outlook amid broader macroeconomic uncertainty in the economy. For its first quarter ended March 31, Cloudflare reported earnings before costs such as stock compensation of eight cents per share, up from a penny a share in the ...

A new report from DataTribe finds that venture capital funding in the first quarter of 2023 fell off a cliff, delivering results that haven’t been seen for nearly a decade. The DateTribe Insights Q1 2023 report describes the first quarter as “grim” for most founders raising venture capital, including in what had been the red-hot area ...

Strategy execution platform startup Quantive USA Inc. today announced the launch of a new artificial intelligence-powered platform designed to help companies make better, more informed decisions. Called Quantive Singularity, the new platform allows users more easily to surface the insights, forecasts and intelligence needed to predict the success of business strategies and better plan for the future. ...