as we all know, humans are often the weakest part of the security chain.”
Those are the words of Reddit CTO Christopher Slowe, who was quick to play the blame game in a post announcing that Reddit experienced a breach of internal data last week. He explained that the platform was compromised after an attacker sent “plausible-sounding prompts” to employees that redirected them to a website impersonating Reddit’s intranet portal in an attempt to steal credentials. Reddit said users’ data was safe.
Hackers successfully obtained an employee’s credentials, Slowe said, before calling out said employee — who decisively self-reported the incident to Reddit’s security team — as the “weakest link” in the company’s security defenses. (Ironically, Slowe went on to advise users to “update your password every couple of months,” a practice that is no longer recommended by most cybersecurity experts.)
Reddit isn’t alone in pointing the finger following a breach, and many organizations have defaulted to a blame culture when it comes to data security.
Showing that there’s real investor enthusiasm for identity management platforms, Saviynt, which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors’ Tech Capital Solutions group. Founder Sachin Nayyar, who returned to Saviynt as CEO this week alongside newly appointed […]
In 2019, Ring launched the Peephole Cam, a camera that fits over existing door peepholes to record goings-on outdoors, in apartment building hallways and so on. Priced at $199, the Peephole Cam failed to catch on, leading Ring to discontinue it in 2021. But now, Ring’s giving it another go — the Peephole Cam made […]
Small and medium businesses have become a growing target for malicious online hackers in recent years, currently accounting for between 43% and 61% of all security breaches and some $7 billion annually in related losses, according to different estimates. Today, a startup called Guardz is emerging from stealth with a two-part offering aimed at protecting them: a SaaS-based set of low-code […]
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