Latest news with #Ransomware
Yahoo
14-07-2025
- Business
- Yahoo
Hive Pro Releases Eagerly Anticipated Report: "Cyber Horizons 2025"
HERNDON, Va., July 10, 2025 /PRNewswire/ -- Hive Pro Inc., the pioneer vendor in Threat Exposure Management, today released its annual and landmark threat intelligence report, Cyber Horizons 2025, developed by its in-house research division, HiveForce Labs. This expansive publication offers a data-rich, forward-looking view into the evolving cyber threat landscape based on analysis of over 40,000 vulnerabilities, adversary behaviors, and incident telemetry from enterprise environments around the world. Drawing on global intelligence across sectors from healthcare to energy, finance to manufacturing, the report unpacks the increasingly adaptive, AI-driven, and multi-pronged nature of modern cyber threats. Among the key findings: ransomware rose by 21% in 2024, AI-enabled phishing surged, and over 83 zero-day vulnerabilities were actively exploited in real-world campaigns. "Threats in 2025 are faster, smarter, and more relentless than ever," said Ankit Mani, Lead Threat Intelligence Researcher at Hive Pro. "This year, we saw exploits weaponized in minutes. Without real-time threat intelligence integrated into exposure management, organizations risk falling dangerously behind." Cyber Horizons 2025 aims to equip organizations with actionable intelligence to adapt. It calls for a decisive shift from reactive cybersecurity to exposure-centric defense strategies, including continuous control validation, integrated threat modeling, and real-time attack surface visibility. "The traditional security perimeter no longer exists," said Purvi Garg, VP of Products and Innovation at Hive Pro. "What were once edge cases, like identity, cloud, and supply chain, have become the primary battlegrounds. Our report highlights the urgency of aligning security priorities with business risk and operational context. Through the rich data we provide, our goal is to give security leaders clarity and a smarter path forward. It's imperative, now more than ever." Cyber Horizons 2025 is a strategic guide for CISOs, SOC teams, and board-level decision-makers looking to build resilience in a time of increasing unpredictability. No matter the role, this report offers detailed forecasts on topics everyone is curious about, from threat actor trends, and zero-day readiness to AI weaponization and sector-specific insights. The full report is available for download here. About Hive ProHive Pro is the pioneering vendor of Threat Exposure Management through Uni5 Xposure, an end-to-end platform that identifies where organizations are exposed to active threats, tests how security controls perform against potential exploitation, and guides cross-functional teams in eliminating high-priority exposure points. While headquartered in Virginia, USA, Hive Pro has a global presence spanning North America, EMEA, and APAC. View original content to download multimedia: SOURCE Hive Pro Inc
Cision Canada
17-06-2025
- Business
- Cision Canada
Aon's 2025 Global Cyber Risk Report Reveals Reputation Risk Events Can Reduce Shareholder Value by 27 percent
DUBLIN, June 17, 2025 /CNW/ -- Aon plc (NYSE: AON), a leading global professional services firm, today released its 2025 Cyber Risk Report, revealing that cyber events that cause reputation risks can result in an average of 27 percent drop in shareholder value, highlighting the growing financial and reputational stakes of cyber risk. The findings build on Aon's 2023 research, which showed that major cyber incidents led to an average 9 percent decline in shareholder value over the following year. This year's report goes further, analyzing more than 1,400 global cyber events and identifying which types of attacks are most likely to evolve into reputation risk events and which can be the most damaging when they do. "Cyber risk is no longer just a technology issue — it's a boardroom issue," said Brent Rieth, global cyber leader at Aon. "Our latest research underscores the importance of proactive risk mitigation. Organizations that invest in preparedness and resilience are far better positioned to avoid the reputational and financial fallout that can follow a cyber event." Among the report's key findings: Of the 1,414 cyber events analysed, 56 developed into reputation risk events, which are defined as cyber incidents that attract significant media attention and lead to a measurable decline in share price. Companies affected by these reputation risk events experienced an average shareholder value decline of 27 percent. Malware and Ransomware attacks were the most likely to trigger reputational damage, accounting for 60 percent of all reputation risk events, despite making up only 45 percent of total cyber incidents. Five drivers of value recovery — preparedness, leadership, swift action, communication and change — were identified as critical levers for mitigating reputational fallout. The report also highlights the growing challenge of managing uninsurable risks. While cyber insurance can help transfer some financial exposure, reputation risk remains largely nontransferable, making proactive risk management and crisis response essential. "As cyber threats grow more complex and interconnected, companies need a clearer view of their exposure, stronger alignment between cybersecurity and insurance strategies, and the tools to make better, data-driven decisions. Aon is uniquely positioned to support clients through these challenges," added Rieth. Aon's 2025 Cyber Risk Report draws on proprietary data from the firm's Cyber Quotient Evaluation, a patented global e-submission platform that streamlines the cyber insurance intake process and empowers organizations with actionable insights into their cyber exposures and insurability — helping to strengthen both underwriting outcomes and cyber risk management strategies. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.
Reuters
07-05-2025
- Business
- Reuters
US school districts facing extortion attempt after hack, software provider says
DETROIT, May 7 (Reuters) - Hackers have tried to extort "multiple" school districts in the United States using previously stolen data from education software and cloud provider PowerSchool, the company said in a statement on Wednesday. The California-based provider, which serves more than 60 million students globally, disclosed in December 2024 that personal information from its U.S. student information database had been stolen in a cybersecurity incident. The data stolen varied, the company said at the time, opens new tab, but could have included names, contact information, dates of birth, limited medical alert information, and social security numbers. In an update on Wednesday the company said it was "aware that a threat actor has reached out to multiple school district customers in an attempt to extort them," and for the first time acknowledged that the company paid a ransom for an undisclosed amount to the hackers responsible for the breach. The extortion attempts relied on data stolen as part of that incident, the company said. The company made what it called "the difficult decision" to pay the ransom "because we believed it to be in the best interest of our customers and the students and communities we serve." The company believed the hackers would delete the data, the company said, "based on assurances and evidence provided to us." Reuters could not establish whether the same hackers behind the original attack were behind the extortion tries. A person familiar with the extortion attempts told Reuters four school districts had been contacted. It was not clear where those districts are located. PowerSchool did not respond to a request for comment. Bain Capital took PowerSchool private in a deal worth $5.6 billion in June 2024.
