For the first time ever, Resilience observes vendor risk driving financial losses, making up nearly a quarter of material claims in 2024 SAN FRANCISCO, Feb. 27, 2025 /PRNewswire/ — Third-party risk emerged as a dominant driver of cyber insurance claims and material losses in 2024, new data from leading cyber risk solutions company Resilience found. Buoyed by interconnected systems and reliance on ubiquitous software vendors, third-party risk has quietly taken center stage as one of the industry’s most insidious threats. Today’s enterprises must not only stay abreast of their own security posture, but that of their partners as well—or risk catastrophic losses. Threat actors have…
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KYIV, Ukraine, Feb. 27, 2025 /PRNewswire/ — MacPaw, a leading software development company, presents its 2024 Social Impact Report, showcasing the company’s commitment to sustainability, community support, and responsible business practices. Rooted in its mission to develop technology that empowers and protects, MacPaw continues to prioritize social responsibility alongside innovation. Driving sustainability through technology, MacPaw remains dedicated to integrating sustainable business practices into its products and operations. In 2024, the company made significant strides in reducing its environmental footprint, enhancing digital security, and fostering positive social impact. Key achievements include: Beyond sustainability, MacPaw has prioritized initiatives that strengthen communities and create lasting social impact.…
On the heels of releasing the only EMPI with AI, Rhapsody continues to push the boundaries of digital health enablement while exceeding industry standards in security and compliance. BOSTON, Feb. 27, 2025 /PRNewswire/ — Rhapsody, a global leader in digital health enablement and interoperability, followed up its recent announcement of the industry first AI-enabled EMPI (Autopilot) and expansion of its Envoy iPaaS offering by announcing the continuation of their HITRUST relationship. The HITRUST e1 Certification reinforces their position as a trusted technology innovator in healthcare. This certification validates a continued commitment to security and compliance, ensuring healthcare organizations can confidently adopt modern, AI-driven…
The company announces a major retail customer & key new product features PALO ALTO, Calif., Feb. 27, 2025 /PRNewswire/ — Mimic, the enterprise ransomware defense company, announced today that it has secured Series A funding of $50 million led by GV (Google Ventures) and Menlo Ventures, with participation from existing investors Ballistic Ventures, Team8, Wing Ventures, and Shield Capital. “The speed of ransomware attacks—often within 90 seconds—leave security teams with no time to respond. Mimic’s SaaS platform detects ransomware in fractions of a second, stopping them before damage is done,” says Derek Smith, Mimic’s CEO. “Ransomware-based cyber extortion increasingly impacts every facet of our society,…
DELRAY BEACH, Fla., Feb. 27, 2025 /PRNewswire/ — The hardware security modules market is expected to reach USD 3.28 billion by 2030, up from USD 1.66 billion in 2025, at a CAGR of 14.5% from 2025 to 2030 according to a new report by MarketsandMarkets™. The market for hardware security modules is growing at a rapid pace as a result of rising data breaches and cyberattacks. As cybercriminals are targeting businesses in different sectors on a regular basis, organizations are focusing on strong encryption and cryptographic security solutions to protect their sensitive information. The major cyberattacks on financial institutions, government departments, and healthcare organizations have highlighted the necessity for strong…
USA News Group News Commentary Issued on behalf of Scope Technologies Corp. VANCOUVER, BC, Feb. 27, 2025 /PRNewswire/ — Quickly countering the ultra-conservative timeline claims of NVIDIA’s CEO Jensen Huang, Microsoft Corporation (NASDAQ: MSFT) just made a big statement with its new chip called Majorana 1, stating powerful quantum computers will be available in years not decades. Meanwhile, China is advancing its own quantum strategy, marking a very real threat of global data-centric authoritarianism. Because of this, government administrations around the world anticipate quantum computing threats are on the horizon, ushering in an urgent need for future-proofing cryptography. As the reality of “q-day” looms, several companies are in the race, either developing quantum computing power, or security measures…
BANGALORE, India, Feb. 27, 2025 /PRNewswire/ — Ecommerce Fraud Prevention Software Market is Segmented by Type (Cloud-Based, On-Premise), by Application (SMEs, Large Enterprise). The global Ecommerce Fraud Prevention Software revenue was USD 2567 Million in 2022 and is forecast to a readjusted size of USD 6989.4 Million by 2029 with a CAGR of 15.2% during the review period (2023-2029). Claim Your Free Report: https://reports.valuates.com/request/sample/QYRE-Auto-11N16264/Global_and_India_Ecommerce_Fraud_Prevention_Software_Market Major Factors Driving the Growth of Ecommerce Fraud Prevention Software Market: The E-commerce Fraud Prevention Software market is marked by rapid growth and intense innovation, driven by escalating online fraud risks and the expansion of digital commerce. Companies in the market are continuously developing…
Machine learning breakthrough delivers unmatched coverage and reduced friction to dramatically lower downstream costs PETALUMA, Calif., Feb. 26, 2025 /PRNewswire/ — Accelitas has announced that its Ai Validate Bank Data service contains a patented proprietary technology that automatically identifies invalid bank routing and account number pairs to create a valuable new workflow solution. By eliminating non-valid accounts at the beginning of the payment process, businesses can solve some of the most common reasons for ACH returns, saving significant time and money while improving the customer experience. A fintech leader in machine learning and predictive analytics, Accelitas’ mathematical model can decipher how U.S. financial institutions format…
Build the test stack your team wants with an open, flexible platform featuring AI-powered testing workflows DUBLIN, Feb. 26, 2025 /PRNewswire/ — BrowserStack, the world’s leading software testing platform, today announced the launch of its comprehensive Test Platform, designed to revolutionize how engineering teams approach software testing in an AI-driven world. The BrowserStack Test Platform processes over one billion tests yearly for seven million developers and testers across 135 countries, making it the most widely used testing platform globally. By enabling users to simplify their toolchain into a single platform, BrowserStack eliminates fragmentation, reduces costs, and improves productivity. In today’s digital landscape, customer expectations…
TEL AVIV, Israel, Feb. 26, 2025 /PRNewswire/ — KELA, the global leader in cyber intelligence, has released its annual State of Cybercrime 2024 report, offering an in-depth analysis of the past year’s most pressing cyber threats and intelligence-driven predictions for 2025. The report uncovers the evolving landscape of cybercrime, with attackers forming alliances, leveraging artificial intelligence, and shifting towards new monetization models that challenge traditional security measures. “Cybercrime has reached an unprecedented level of sophistication, with attackers continuously adapting and evolving their tactics,” said David Carmiel, CEO of KELA. “The surge in infostealers and ransomware, along with the increasing use of AI-driven threats, highlights the urgent…