Cognizant Expects to Lose up to $70 Million from April Ransomware Attack

IT services giant Cognizant has calculated it will lose between $50 million and $70 million from a ransomware incident in April, the CFO said on an earnings call. Cognizant confirmed to clients on April 18 that a security incident involving its interna… Continue reading Cognizant Expects to Lose up to $70 Million from April Ransomware Attack

Cyber Security Roundup for May 2020

A roundup of UK focused Cyber and Information Security News, Blog Posts, Reports and general Threat Intelligence from the previous calendar month, April 2020.
As well reported, UK foreign exchange firm Travelex business operations were brought to a sta… Continue reading Cyber Security Roundup for May 2020

IT services firm Cognizant hit with Maze ransomware

Cognizant, a multibillion-dollar IT services company with clients in the banking and oil and gas industries, said Saturday its computer systems had been disrupted by Maze ransomware, a strain of malicious code that has been used in cyberattacks in the U.S. and Europe in recent months. “Our internal security teams, supplemented by leading cyber defense firms, are actively taking steps to contain this incident,” the New Jersey-based company said in a statement. “Cognizant has also engaged with the appropriate law enforcement authorities.” A Fortune 500 company with over a quarter of a million employees worldwide, Cognizant possesses a wealth of data that would make it a target of hackers. Cognizant’s software and consulting services are used by major pharmaceutical firms and restaurant chains, according to its website. Earlier this week, the company had notified clients of the incident and shared  “indicators of compromise” — forensic data such as IP addresses […]

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Microsoft, Adobe and SAP prepare to expand their Open Data Initiative

At last year’s Microsoft Ignite conference, the CEOs of Microsoft, Adobe and SAP took the stage to announce the launch of the Open Data Initiative. The idea behind this effort was to make it easier for their customers to move data between each others’ services by standardizing on a common data format and helping them […] Continue reading Microsoft, Adobe and SAP prepare to expand their Open Data Initiative

Measure raises $15 million to fly drones as a service for other companies

 Measure may not be building the ultimate flying camera, or drones that drop burritos at your door. But the Washington D.C.-based startup has raised $15 million in a Series B round of funding to fly drones as a service for other businesses that wa… Continue reading Measure raises $15 million to fly drones as a service for other companies