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Ransomware at IT Services Provider Synoptek

Krebs on Security

Synoptek , a California business that provides cloud hosting and IT management services to more than a thousand customer nationwide, suffered a ransomware attack this week that has disrupted operations for many of its clients, according to sources. ” Synoptek has not yet responded to multiple requests for comment.

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KnowledgeLake Growth in 2020 Driven by Increasing Demand for Cloud-based Intelligent Capture and Document Processing Automation 

Info Source

LOUIS, MO., — February 2, 2021 — KnowledgeLake today announced growth figures for 2020 that highlight the rapid adoption of its cloud-native platform for intelligent document processing that gives organizations control of the entire document lifecycle and the ability to capture, process, and manage almost any document. .

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Ephesoft and Fortude Announce Global Alliance Partnership to Expand Intelligent Document Processing Solutions

Info Source

This strategic alignment will help customers increase productivity, efficiency and accuracy by unlocking enterprise data in documents with digital transformation initiatives. Offering businesses the ability to easily unlock their data with an intelligent document processing solution will help further our goals.”. About Ephesoft.

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LockFile Ransomware uses a new intermittent encryption technique

Security Affairs

The operators behind LockFile ransomware encrypt alternate blocks of 16 bytes in a document to evade detection. Instead, LockFile encrypts every other 16 bytes of a document. This means that a file such as a text document remains partially readable and looks statistically like the original. LOCKFILE-README-[hostname]-[id].hta’)

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Multinational ICICI Bank leaks passports and credit card numbers

Security Affairs

ICICI Bank leaked millions of records with sensitive data, including financial information and personal documents of the bank’s clients. If malicious actors accessed the exposed data, the company could have faced devastating consequences and put their clients at risk, as financial services are the main target for cybercriminals.

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How AI is helping companies meet sustainability goals

IBM Big Data Hub

Anomaly detection: Some manufacturers have zero-defect goals. Image and video recognition systems can use AI to monitor each stage of manufacture , catching any discrepancies as early as possible. The first among these is using intelligent document understanding to process sustainability information. Where to next?

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Risk Management under the DORA Regulation

IT Governance

In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector. million) for the financial sector – 33% more than the average across all sectors. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with.

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