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Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

Hi, Crunchers, Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management at the time of its failure, it’s the second-largest bank failure in U.S. Say that three times fast.

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Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise

TechCrunch

Excitingly, it’ll feature new stages with industry-specific programming tracks across climate, mobility, fintech, AI and machine learning, enterprise, privacy and security, and hardware and robotics. Venture firms advised portfolio companies to move money out of SVB after the bank said it would book a $1.8 Don’t miss it.

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New botnet Torii showcases next stage of IoT abuse, researchers say

The Parallax

Martin Hron, security researcher at Avast and co-author of the report , says Torii must target a breathtaking number of devices because it is designed to work on an unusually large number of hardware systems. Torii will work on devices that run on at least six types of hardware, Hron says: ARM, x86, x64, MIPS, PowerPC, and SuperH.

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Cyber Hygiene Essentials: What You Need to Know

Tenable

The term "vulnerability" isn't synonymous with "malware" or "virus”: It simply means any weakness within your network that can be exploited. Malware and other cyberthreats often enter networks because of vulnerabilities; they are not vulnerabilities in and of themselves.)

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Busting 5 Common Myths About Vulnerability Assessment

Tenable

This leads people to believe big-box retailers, credit card companies and multinational banks are the institutions of most interest to hackers. . When self-propagating malware enters any part of your system, it immediately begins searching for conduits through which it can spread to other systems. But that's simply not the whole truth.

SMB 101
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AI Applications in Cybersecurity with Real-Life Examples

Altexsoft

The AI can prompt alerts that let you know when you have to attend to hardware failures. Zimperium and MobileIron announced a collaboration to help organizations adopt mobile anti-malware solutions incorporating artificial intelligence. Moreover, Cognito found command-and-control malware that was hiding for several years.

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Cybersecurity Snapshot: 6 Things That Matter Right Now

Tenable

Europe and Asia-Pacific: Regarding the most significant threats facing their organizations, most respondents included ransomware (67%), followed by insider threats (32%), nation/state attacks (31%) and malware attacks (21%.). What Can Be Done to Overcome Cybersecurity Staff Shortage? ” (Bank Infosecurity). IT providers.