Without a doubt, the IT industry is thriving, and with the next quarter soon approaching, there have been numerous updates and insights into the tech world that could be vital to MSPs and integrators as they continue to work on their strategies. Without a doubt, cybersecurity continues to be a focus in the work of virtually every IT professional. Here is a look at some of the most important stories from the last month.
Intel’s CEO Plans to Trim Assets
Data from a Reuters exclusive story shows that Intel’s CEO Pat Gelsinger is planning to pitch the Board of Directors about trimming down the company’s assets to cut costs. The CEO is expected to present ideas in the mid-September meeting. Plans may include the sale of an Altera programmable chip unit and capital spending cuts to a German factory that could save $32 billion.
Read more here.
CrowdStrike’s Faulty Software Update Could Be Expensive
CrowdStrike is facing legal action for its faulty software update. The update, which took down computers worldwide in July, has led to an onslaught of lawsuits, including Delta suing the company for as much as $500 million in damages. Microsoft has also been thrown into a legal battle.
Reach more here.
California’s Controversial AI Diester Bill Moves Forward
California lawmakers have crafted sweeping laws related to artificial intelligence in SB 1047. The bill establishes safeguards for tech companies developing large-scale AI models. The law would dramatically alter how AI firms operate, and Meta, OpenAI, and Google are challenging it.
Read more at Yahoo! Finance.
Managed Service Providers and Small Business Need to Partner Up
Some organizations believe a collaborative approach to MSP strategies could help small businesses minimize risks and vulnerabilities across increasing cybersecurity risks. Small and medium-sized businesses are now at the forefront of cybercrime, with 88% of businesses reporting they feel vulnerable. MSPs can offer solutions and strategies designed for this specific risk factor.
Learn more here.
Sherweb Offers SentinelOne’s Purple AI to MSPs
In a press release, Sherweb, a cloud marketplace leader, announced it was launching the availability of SentinelOne’s Purple AI in its marketplace. The move allows managed service providers to revolutionize their cybersecurity operations using generative AI security as a solution.
Read more here.
xAmplify Lands New Managed Services Contract Worth $7.7 Million
According to newly released data, xAmplify has scored a $7.7M ANAO contract for managed services. The contract was awarded through a competitive tender and is for an initial three-year period. The integrated IT service provider made the deal with the Australian National Audit Office to become its primary MSP provider.
Read more here.
Volt Typhoon Exploits Zero-Day in MSP, ISP Campaign
According to data, researchers from Black Lotus Labs, a state-linked threat adversary, are exploiting a zero-day vulnerability in Versa Director servers in a campaign that is targeting managed service providers, internet service providers, and other forms. The vulnerability, called CVE-2024-39717, would allow users to upload files with malicious data and provide other advanced privileges.
Read more here.
The CISA Launched a Cyber Incident Reporting Portal to Speed Disclosures
In an effort to speed up and streamline breach disclosure, the Cybersecurity and Infrastructure Security Agency (CISA) introduced a new online portal that would allow for voluntary reporting of malicious cyber attacks, data breaches, and vulnerabilities. The security platform offers enhanced functionality and collaboration features to allow colleagues to share data.
Learn more here.
Young Consulting Breach Impacts Nearly 1 Million
Young Consulting, now called Connexure, notified nearly 1 million people in the US that their names and personal data were leaked in a cybersecurity and data breach in April of 2024. BlackSuit ransomware claimed the company and threatened to expose sensitive data to the public.
Read more here.
Spoof of GlobalProtect VPN Software Loads Malicious Content Into Search Results
According to the security researchers at United 42, a component of Palo Alto Networks, threat actors are spoofing GlobalProtect VPN software to deliver malicious payloads to people who trust the first results in Google Search. The actors placed ads on Google Search that appeared at the top of the search results, leading visitors to a malicious website.
Read more here.
Microchip Technology Reports Massive Disruption
Microchip Technology reported that an unauthorized party disrupted the company’s servers and some of its business operations in mid-August. It is the latest US chipmaker to face these types of vulnerabilities this year. According to the company, it detected potentially suspicious activity in its IT systems and immediately took steps to assess and continue the issue. The company stated its manufacturing facilities were operating at less-than-normal levels, and its ability to fulfil orders was impacted by the incident.
You can learn more about this threat here.
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