Japanese travel booking platform Skyticket has disclosed a major data breach that may have exposed the personal information of approximate...
As companies strengthen their artificial intelligence capabilities, the cybersecurity industry is poised for another record merger and acquisition (M&A) year. Momentum Cyber reported 117 deals in the third quarter of 2026, which represents an increase from 117 deals in the prior year. This increased activity is a reflection of a shift in security companies' purchasing strategies in order to keep up with rapid advances in artificial intelligence.
There is currently a strong demand for security solutions based on artificial intelligence and tools capable of protecting AI-powered systems, which is contributing to the current wave of acquisitions. Organizations are increasingly adopting agentic artificial intelligence, which can perform tasks with minimal human intervention. However, security has become an increasingly important concern as organizations adopt these systems.
Among the key areas of investment are identity and access management, nonhuman identity, data security, agentic security, runtime protection, and operational technology security. In 2025, there are estimated to be 404 cybersecurity mergers and acquisitions. This year's activity also set a record in terms of deal value, with companies spending approximately $97 billion on startup acquisitions.
It is expected that investment funding rounds will decrease slightly from last year's levels, but acquisitions have continued to gain momentum as established companies seek capabilities that would take a considerable amount of time to develop internally.
Artificial intelligence models have advanced dramatically and automated cyberattacks have increased the urgency of this issue. As a result of these developments, companies are reviewing their security requirements, creating opportunities for startups that are developing AI-based products. In order to expand their capabilities, large corporations are acquiring established startups in emerging security categories and investing in early-stage companies in emerging security categories.
AI-driven acquisitions have also become increasingly common among established technology companies. As of 2026, Palo Alto Networks acquired CyberArk for $25 billion, while other companies pursued specialized capabilities in identity security, data protection, and artificial intelligence infrastructures. These moves are a result of a wider effort to incorporate emerging technologies into existing security portfolios rather than solely relying on internal developments.
A growing segment of the market is also emerging outside of traditional cybersecurity vendors. Software providers are seeking ways of securing AI agents within business applications, while organizations managing operational technology need to safeguard the systems and connected devices controlled by increasingly autonomous software.
As concerns regarding the risks associated with artificial intelligence grow, cloud providers and advanced AI developers are emerging as potential buyers of security technologies. Although acquisitions have increased, Momentum Cyber's analysis indicates that venture capital and private equity firms are scrutinizing their funding decisions more carefully, making fewer deals but more substantial investments in selected companies.
Investors are assessing which technologies will remain relevant in a rapidly evolving market, attracting attention to startups with proven leadership and specialized capabilities. During the first three quarters of 2026, Momentum Cyber announced 40 AI security acquisitions, up from 10 transactions throughout 2025. These figures indicate the rapid growth of this segment.
AI is becoming increasingly integrated into a wider variety of cybersecurity products, making it increasingly difficult to distinguish between tools designed to protect AI systems from cyber threats and tools powered by AI. According to industry observers, hyperscale cloud providers and leading AI research companies will have a greater influence on acquisitions in the future.
Increasing reliance on secure AI infrastructure may make specialised security capabilities more valuable, further affecting the cybersecurity market's competition. In light of the continued transformation of cybersecurity by artificial intelligence, acquisitions are expected to remain a key strategy for companies seeking specialized knowledge and faster innovation.
As AI security, identity management, and automated threat protection become increasingly important to the security sector, it is expected that future investment decisions and competition will be influenced.
A GitHub Actions credential-theft campaign that researchers first flagged a year ago has returned with a fresh wave of attacks, hitting 772 public repositories between August 31 and September 30, 2026, and going after more than 2,500 developer secrets in the process.
The campaign, named GhostAction, was first reported in September 2025 after attackers compromised 817 public repositories across 327 GitHub user accounts and walked off with at least 3,325 secrets. It relied on injecting a malicious GitHub Actions workflow into victim repositories using what appeared to be stolen developer credentials. The 2026 wave uses the exact same method.
The attack injects a workflow file named `github_actions_security.yml` with the commit message "Add Github Actions Security workflow." Instead of dumping an entire environment, the attacker hardcodes into the workflow the specific secret names it already found referenced in the target's legitimate workflows, then sends those values in a single HTTP POST request to an attacker-controlled server.
The only meaningful change from 2025 is the exfiltration destination. This wave routes stolen data over plain HTTP to a bare IP address, `193.32.204.199`, replacing the named domains used previously. On September 7, a second variant appeared across seven repositories under the filename `security-check.yml`, posting secrets to a dedicated API endpoint on the same server with a unique identifier per injection. The tracking mechanism suggests the attacker now runs a backend that logs exactly which repository each stolen secret came from.
Three Bursts, 2,577 Targets
The injections rolled out in clusters. On August 31, 143 repositories were hit. Between September 2 and 5, roughly 400 more were targeted, with a single-day peak of 294 on September 5. On September 15, another 103 repositories were injected, with smaller activity continuing through the rest of the month.
Across all 772 repositories, the workflows targeted 2,577 secrets. SSH private keys and deployment server credentials were the most sought-after, appearing in 446 cases. Azure credentials followed at 218, with one organization alone exposing an Azure personal access token and an SSH key across 92 repositories. Container registry credentials for DockerHub and GHCR appeared 142 times; database credentials, 112; AWS access keys, 106; FTP credentials, 92; Google Cloud and Firebase credentials, 80; and GitHub tokens, 66. The list also included API keys for Telegram bots, Slack, Discord, npm, PyPI, and various AI providers.
GitHub's own approval mechanisms blunted much of the damage. Of 3,669 workflow runs tracked across 605 repositories, only 499 actually ran. A total of 336 completed successfully, exfiltrating 26 secrets from 13 repositories. Only 124 of the 772 affected repositories, roughly 16 percent, showed evidence of cleanup by October 5.
A Campaign That Never Stopped
Calling this a revival would be misleading. In 92 of the 2026 cases, the attacker did not add a new workflow at all. It modified one already sitting in the repository from an earlier injection, with the commit message "Update Github Actions Security workflow." Those updates simply pointed existing files at the new exfiltration IP, with the replaced endpoints including the original 2025 domains and a previously undocumented address, `170.39.218.2`.
The full timeline runs from September 2025 through the present: roughly 900 repositories in the initial wave, quieter activity across late 2025 and early 2026 under two different endpoints, then the August and September 2026 surge of 772.
A Cryptominer Hidden in DevOpsGPT
The new wave also produced an unexpected finding. A day and a half before the first August 31 injections, a commit labeled "fix(subtask): update the OpenAI version" was pushed to `kuafuai/DevOpsGPT`, an open-source project with roughly 6,000 stars. The commit embedded an XMRig 6.21.0 Monero miner into the project's Docker image, disguised as a routine worker process and set to run on a 45-second restart loop. The mining configuration was XOR-encrypted with the key `devops2024`, and the wallet pointed to `pool.supportxmr.com`.
The same compromised account was then used on September 15 to push the GhostAction workflow to four DevOpsGPT repositories. Whether the miner and the credential-theft campaign share the same operators remains unclear. The miner commit used a forged author email never seen on that account before, was crafted specifically for that project, and left no trace in any other repository, while GhostAction's payloads are generic and hit hundreds of repos within hours.
One Compromised Account, Multiple Attackers
Cross-referencing GhostAction victims against other malicious GitHub activity turned up 13 victim repositories that had also been exploited for cryptomining by at least four separate campaigns with distinct wallets, pools, and infrastructure. In some cases the miners arrived before the GhostAction workflow; in others they followed months later.
The most likely explanation is that the credentials GhostAction used were not exclusive to its operators. Stolen developer tokens circulate through infostealer logs and credential markets, where multiple actors can buy and reuse the same access independently.
That creates a specific gap in the standard remediation advice. Rotating the secrets stolen through the malicious workflow is necessary, but it is not enough. The underlying GitHub credential that allowed the injection in the first place also needs to be found and revoked, or whoever holds that token next will use it.
The campaign continued into October. On October 8, a new burst hit 346 repositories in two automated sweeps lasting only minutes. Two compromised maintainer accounts pushed the workflow to every repository they could write to, including kitao/pyxel, a Python retro game engine with over 18,400 stars, and uber/athenadriver. The exfiltration endpoint remained `193.32.204.199`. Unlike most of the September wave, which was blocked pending approval, these runs executed and exfiltration was confirmed. This variant also goes further than its predecessor: rather than targeting only named GitHub Actions secrets, it combs the full git commit history for cloud credentials, including AWS keys, GitHub and GitLab tokens, and API keys for services like OpenAI and Anthropic.
Unlike traditional phishing attacks that mainly rely on suspicious emails, calendar phishing places deceptive events directly into a user's calendar. Because these entries appear alongside genuine appointments, victims may be more likely to trust them.
The attack often begins when a user receives an email invitation that automatically appears in their digital calendar. The event may look like a routine business meeting, a voicemail notification, a payment confirmation or a warning about unusual activity on a PayPal account.
Some invitations claim that a payment is about to be processed or that a software subscription needs to be renewed. Others may imitate internal workplace meetings, complete with company names, logos and convincing descriptions.
The event usually contains a link or telephone number intended to persuade the recipient to take action. Clicking the link may open a scam login page that resembles Google, Microsoft or PayPal. If the victim enters their credentials, the attackers can capture the information.
In other cases, victims are encouraged to call a fake customer-support number to cancel a payment or resolve a supposed security problem. Threat actors may then attempt to obtain personal information, account credentials or financial details.
According to security professionals, calendar phishing has experienced sudden growth. Security teams face difficulties blocking these attacks because legitimate meeting invitations and malicious events can use the same calendar services.
Attackers may also exploit trusted platforms, including Zoom, to make invitations appear genuine. Automatically accepting invitations from unfamiliar senders can increase the chances that scam events will appear in a user's schedule.
Stolen credentials can be sold to other criminals or used to access workplace email accounts, impersonate employees and launch further attacks. However, simply receiving a suspicious calendar entry does not necessarily mean an account has been compromised. The main danger arises when victims follow the instructions and disclose information.
Experts recommend treating unexpected calendar invitations with the same caution as suspicious emails. Users should avoid clicking unfamiliar links, downloading unexpected files or calling numbers provided in questionable event descriptions.
A Ukrainian-Russian dual national who spent years overseeing one of the most operationally sophisticated money laundering rings in recent cybercrime history pleaded guilty last Thursday in a federal court in North Carolina, admitting to routing stolen funds through tens of thousands of ordinary Americans before shipping the cash to criminal operatives in Eastern Europe.
Oleg Korniev, 42, was a principal at Your Mule Cashout, or YMCO, a criminal outfit that ran from September 2007 through 2014 and maintained a network of more than 15,000 money mules across the United States. The plea came roughly a decade after a grand jury first indicted him, and about 10 months after U.S. authorities caught up with him and arrested him in North Carolina in December 2025.
Not a side player
Federal prosecutors did not describe Korniev as a peripheral figure. He managed YMCO's daily operations, hired and fired staff, and handed out rewards or penalties depending on performance. He also helped design the procedural framework that kept the organization functioning across multiple countries simultaneously.
YMCO's approach was simple in concept but deliberately layered in practice. The group posed as legitimate staffing or payment-processing companies and sent spam emails to Americans advertising open positions. What followed was a carefully staged recruitment process built to look real: job applicants went through an employment test, reviewed a contract, and were walked through what appeared to be standard company policy. They were then asked to upload their bank details to a fictitious company website and told their job was to receive payments into their personal accounts and wire the money to company accounts overseas.
The money they were receiving was stolen. Hackers had broken into U.S. bank accounts using malware, funneling the proceeds into the mules' accounts and relying on those individuals to move the funds out of the country before anything flagged.
How the cash moved
From the mules' accounts, the money traveled through Western Union and MoneyGram to what YMCO called "cash-out contractors" in Moldova, Ukraine, Russia, and Latvia. These operators received a cut of each transfer for their role and passed the remainder back to the organization. Running stolen money through a human relay network like this put distance between the hackers and the funds, making the trail harder to reconstruct.
According to court documents, YMCO processed more than $10 million drained from over 750 U.S. bank accounts across more than 35 financial institutions. The group also ran parallel schemes in Germany, Italy, the United Kingdom, and Australia. Korniev's plea agreement put total actual and intended losses to confirmed victims at more than $14.7 million. He personally admitted to laundering at least $7 million of the $9.7 million he received from cybercriminals as payment for YMCO's services.
A decade-long chase
Korniev was originally indicted alongside Serghei Ivanovich Tomuz, a Moldovan national who allegedly ran YMCO's cash-out operation inside his home country. Tomuz was reportedly detained at a Romanian border crossing in May 2022 and spent years fighting extradition to the United States. His case was ultimately terminated in U.S. federal court this past May.
Four other Ukrainians tied to YMCO were arrested abroad years earlier, extradited to the Western District of North Carolina, and pleaded guilty to conspiracy to commit money laundering. Sentenced in 2018, they received prison terms ranging from 37 to 63 months and were each ordered to pay more than $9.1 million in restitution to American victims.
Korniev now faces a minimum sentence of two years and a maximum of 50 years after pleading guilty to money laundering, aggravated identity theft, conspiracy to commit money laundering, conspiracy to commit computer fraud, and conspiracy to commit access device theft. His plea agreement includes a commitment to fully repay confirmed victims for their documented losses.
What prosecutors want criminals to understand
Assistant Attorney General A. Tysen Duva made the department's position on mule networks clear. "Money mules play crucial roles in cybercrime, so the Justice Department pursues mules and their recruiters wherever they operate and however long it takes," Duva said.
The case puts into focus how money mule operations function as the financial plumbing beneath large-scale cybercrime. Without them, proceeds from bank fraud and account takeovers would be far harder to extract without triggering detection.
That infrastructure is a recurring target for law enforcement. Five years ago, Europol announced that authorities from 27 countries had arrested 1,803 money mules out of 18,351 identified as part of a coordinated crackdown called the European Money Mule Action, or EMMA. Europol has consistently flagged that criminal groups recruit mules from vulnerable populations, specifically students, immigrants, and people facing economic pressure, using job ads on social media and employment sites that look entirely legitimate.
Many mules sign up without understanding what they are walking into. Others are coerced. In either scenario, courts have made clear that receiving and wiring stolen money is not a protected form of ignorance.