Cisco’s Restructuring Plan Leads to Thousands of Layoffs
As the tech industry continues to adjust to an ever-evolving market, Cisco Systems is taking drastic measures to stay ahead. The networking hardware giant has revealed a new restructuring plan that will see 5% of its workforce laid off, equating to more than 4,000 employees facing job uncertainty. This move, which came to light via a CNBC report, indicates Cisco’s efforts to reallocate its resources and invest in areas deemed as key priorities. While not unfamiliar territory for Cisco, who had previously initiated employee cutbacks in 2022 and mid-2023, this is yet another bold step in the company’s attempt to balance and reinforce its foundational structure and long-term goals.
Gen Digital Leads the Battle Against Scam with Norton’s Genie
In the digital world’s ongoing war against scam and phishing attempts, Gen Digital stands out with its impressive fleet of cybersecurity brands such as Norton, Avast, and LifeLock. Utilized by nearly half a billion users globally, these services are at the forefront of cyber protection. Gen Digital’s latest weapon is the introduction of Genie, a complimentary, AI-fueled digital sidekick by Norton designed to detect scam involvement. Leyla Bilge, head of scam research labs at Gen, is deeply engaged in the fight against cybercrime, overseeing operations that span before, during, and after scam incidents. With an emphasis on proactive defense, Gen and its affiliates are intensifying their response to evolving threats, particularly on social media and AI-based platforms.
Proofpoint Exposes Bizarre Phishing Lures in Latest Reports
Email communication is a field rife with security landmines, and scammers are getting increasingly innovative with their deceptive techniques. Proofpoint’s threat research team recently exposed a collection of phishing emails that raise the bar on bizarre. Criminals are leveraging everything from the tumult of current global events, such as the war in Ukraine, to feigned outrage over customer service interactions, hoping to bait recipients into dangerous engagements. This points to a concerning trend in the cybersecurity landscape: threat actors are prepared to exploit any scenario, no matter how peculiar or outlandish, to ensnare unwary individuals in their fraudulent schemes.
