Cybersecurity

Ingram Micro Holding Corporation is experiencing a system outage due to a detected ransomware attack on its internal systems. The company has taken affected systems offline, engaged cybersecurity experts, and notified law enforcement. They are working to restore operations and apologize for disruptions.

A former IT technician, Mohammed Umar Taj, was sentenced to seven months and 14 days in prison for a retaliatory cyberattack against his former employer after termination. The attack caused significant financial damage, reputational harm, and disrupted operations for clients internationally. This case highlights the severe consequences of digital revenge and the critical importance of robust cybersecurity for businesses.

ENISA’s adoption of the EU Cyber-Crisis Management Blueprint, requiring SBOM data exchange across borders, presents a significant opportunity for Cybeats Technologies Corp. The Blueprint mandates SBOMs, transforming them from a best practice to a legal requirement. This strengthens the Cyber Resilience Act and fuels demand for continuous analysis platforms. Cybeats, with its SBOM Studio, is well-positioned to address these evolving EU regulations and compliance needs.

P2P Group Ltd. partners with PQStation, a quantum-resilient cybersecurity leader, to secure critical infrastructure, targeting markets in the US, Canada, and Europe. The collaboration integrates QSTunnel, a post-quantum cryptographic platform, enabling quantum-safe encryption deployment. This initiative addresses growing regulatory demands and military adoption of quantum-safe standards, aiming to equip Wi-Fi networks and chipsets with enhanced security for various sectors while projecting significant revenue growth over three years.

A recent report accuses five Taiwanese cyber espionage groups (APT-C-01, 62, 64, 65, and 67) of orchestrating attacks on mainland systems. The report, which directly links these groups to Taiwan’s “Cyber Warfare Unit,” highlights APT-C-67 (Ursula)’s alleged involvement in recent attacks, including targeting critical infrastructure. Experts note the groups utilize known vulnerabilities and rely on less sophisticated techniques, making them easier to detect. The report also highlights broader cyber threats and emphasizes AI’s role in future cybersecurity.

Cisco’s new global study reveals IT leaders are modernizing their networks to support AI. 97% recognize network modernization as crucial for AI, IoT, and cloud technologies. The study highlights the need for robust, resilient networks to mitigate outages, which cost businesses $160 billion annually. Upgrading infrastructure is expected to drive revenue, reduce costs, and improve customer experiences, backed by C-suite support.

WISeKey International Holding Ltd. announced a minor change to its 2025 Annual General Meeting (AGM), postponing it from June 19 to June 27, 2025, at the same time and location in Zurich, Switzerland. The agenda and proposals remain unchanged. WISeKey focuses on cybersecurity, blockchain, and IoT solutions, securing digital identities and the Internet of Everything.

JOYY Inc. (NASDAQ: JOYY) reported mixed Q1 2025 results, with lower overall revenue but improved profitability driven by diversification and cost management. Non-livestreaming revenue surged. The company returned capital to shareholders via dividends and share repurchases. User metrics showed declines, but net cash remains strong. JOYY forecasts revenue growth for Q2, emphasizing its strategic shift and diversified business model, particularly in advertising.

China’s Cyberspace Administration (CAC) launched a two-month nationwide campaign against corporate cyber smear activities, targeting organized defamation, extortion, market manipulation, and identity theft. Part of the 2025 “Clear and Bright” initiative, the crackdown addresses fabricated claims, “pay-to-delete” schemes, false financial narratives, and executive impersonation. The move reinforces oversight of China’s $1.5 trillion digital content moderation industry, responding to rising reputational costs (up to 9% of annual revenue for firms) and may accelerate AI-driven verification tools to enhance cybersecurity.

Parsons Corporation (NYSE: PSN) solidified its strategic role in Gulf infrastructure during President Trump’s Middle East visit, securing key projects like Saudi Arabia’s $7 billion King Salman International Airport and NEOM’s AI-driven THE LINE. With $1+ billion regional revenue in 2024, a 7,000-strong local workforce, and dual expertise in defense (e.g., cybersecurity) and smart urban development (including Qatar’s World Cup infrastructure), the firm leverages its 60-year regional legacy and digital innovation to align with GCC states’ Vision 2030 goals. Its hybrid civil-defense business model capitalizes on the Gulf’s $1.2 trillion infrastructure boom while navigating geopolitical and regulatory complexities.