In March 2024, INC Ransomware launched a significant attack on NHS Scotland, stealing 3 terabytes of sensitive data and threatening to publish it unless a ransom—reportedly in excess of $5 million—was paid. Known for its double-extortion tactics, INC not only encrypts victims’ data but also exfiltrates it to pressure payment.
A critical zero-day vulnerability in Microsoft SharePoint, tracked as CVE-2025-53770/53771 and dubbed ToolShell, has led to the compromise of 396 systems globally. The Dutch cybersecurity firm Eye Security uncovered the widespread exploitation after analyzing over 27,000 SharePoint servers between July 18 and 23.
A recent analysis of 141 million compromised files from 1,257 breach incidents, detailed in Lab 1’s Anatomy of a Data Breach report, underscores the growing threat of data breaches in today’s digital landscape.
On July 16, a significant data breach compromised the personal information of the majority of Allianz Life Insurance Company of North America’s 1.4 million customers, the Minneapolis-based company confirmed.
A new study by Fenergo reveals that a majority of global financial institutions are actively adopting agentic AI to enhance their compliance operations.
OpenAI CEO Sam Altman has voiced strong concerns about the continued reliance on voice-based authentication by banks, calling it “terrifying” in the face of rapidly advancing AI capabilities.
Microsoft has confirmed that several Chinese state-backed hacking groups—Linen Typhoon, Violet Typhoon, and Storm-2603—are exploiting critical vulnerabilities in on-premises SharePoint servers.
In a significant move for cryptocurrency regulation, the U.S. House of Representatives passed the Genius Act this week—formally titled the Guiding and Establishing National Innovation for US Stablecoins. The bill aims to regulate payment stablecoins by prohibiting issuance from anyone other than approved issuers. Marking a first for national-level crypto legislation, the Genius Act provides a framework for stablecoin oversight in the U.S. and is expected to be signed into law by President Trump before the end of the week.
