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PHOTO: ARNAUD FINISTRE/AGENCE FRANCE-PRESSE/GETTY IMAGES
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Vulnerability warning: Two industrial products from France's Schneider Electric have security flaws that should be patched immediately, the U.S. Cybersecurity and Infrastructure Security Agency said Tuesday. Hard-coded credentials in certain versions of the EcoStruxure IT Data Center Expert product could allow remote commands from unauthorized parties, CISA said.
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Also, Schneider's SCADAPack x70 RTU products, a communications tool for remote monitoring of energy systems, has a bug in how it checks for unusual activity, CISA said.
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American Express appoints new CISO. Gleb Reznik, who joined American Express in August 2024, is replacing Fred Gibbins as CISO. Reznik has a long career in financial-services cybersecurity, with cyber leadership roles at JPMorgan Chase, Synchrony and Capital One. Gibbins plans to retire in October, he said in a post on LinkedIn. He has been at American Express for 28 years, 13 as CISO.
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▶️ Google’s Approach to the Changing Cybersecurity Landscape
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Sandra Joyce, Google Threat Intelligence vice president, discusses the democratization of hacking and the strategies the tech giant is using for active defense.
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52%
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Percentage of 1,905 tech decision-makers who said their company’s average ransomware payment last year exceeded its annual cybersecurity budget, says new research from cyber company Armis.
In the U.S., the average ransomware payment was $11.6 million.
In the U.K., £7.7 million, or about $10.3 million.
In the European Union, €8.4 million, or about $9.7 million.
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