On Tuesday, approximately $112 million worth of the XRP cryptocurrency, which is centered around Ripple, was pilfered by hackers from a crypto wallet, as revealed by Ripple’s co-founder and executive chairman, Chris Larsen. Larsen disclosed on Wednesday that the…
Category: CySecurity News – Latest Information Security and Hacking Incidents
Crypto In Trouble: A US Money Laundering Scandal Has Charged The Latest Exchange
In the recent crackdown on crypto-associated cybercrime, the U.S. Department of Justice issued charges against Aliaksandr Klimenka. Klimenka is accused of working with Alexander Vinnik and other individuals from July 2011 to July 2017 to operate BTC-e, an unregulated digital…
Blackbaud Enhances Security Measures Following FTC Settlement
Blackbaud, a major player in U.S. donor data management, recently settled with the Federal Trade Commission (FTC) after facing scrutiny for a ransomware attack in May 2020. This attack led to a substantial data breach affecting millions of individuals. The…
Sneaky USB Hackers Pose Threat on Favorite Sites
In a recent revelation in the world of cybersecurity, a financially motivated hacker has been discovered utilizing USB devices as a means to infiltrate computer systems. This malicious group has chosen a cunning approach, hiding their harmful software in…
Cybersecurity Crisis Looms: FBI Chief Unveils Chinese Hackers’ Plan to Target US Infrastructure
As the head of the FBI pointed out Wednesday, Beijing was positioning itself to disrupt the daily lives of Americans if there was ever a war between the United States and China if it were to plant malware to…
FIRST Launched CVSS 4.0, Revolutionizing Cybersecurity Assessment and Risk Management
In a recent development, the Forum of Incident Response and Security Teams (FIRST) has made headlines by unveiling version 4.0 of the Common Vulnerability Scoring System (CVSS). This latest release, following four years since CVSS v3.1, represents a noteworthy advancement…
Payment Frauds on Rise: Organizations Suffering the Most
Payment Fraud: A Growing Threat to Organizations In today’s digital landscape, organizations face an ever-increasing risk of falling victim to payment fraud. Cybercriminals are becoming more sophisticated, employing a variety of tactics to deceive companies and siphon off funds. Let’s…
Cybersecurity Breach Raises Concerns of Data Exposure
In a recent occurrence of a cyber threat, the infamous ransomware gang known as ALPHV, or Blackcat, has claimed responsibility for breaching the Technica Corporation, a company supporting the U.S. Federal Government. ALPHV announced on the dark web that it…
City Cyber Taskforce Introduced to Safeguard Corporate Finance in UK
Two of the UK’s main accounting and security agencies are forming a new taskforce today to help organisations enhance the security of their corporate finance transactions. The effort is being led by the Institute of Chartered Accountants in England…
FritzFrog’s Evolution: Exploiting Log4Shell Vulnerability Reveals Alarming Tactics
In a startling development, the notorious FritzFrog botnet, which first emerged in 2020, has undergone a significant transformation by exploiting the Log4Shell vulnerability. Unlike its traditional approach of focusing on internet-facing applications, this latest variant is now aggressively targeting…
Locking Down ChatGPT: A User’s Guide to Strengthening Account Security
OpenAI officials said that the user who reported his ChatGPT history was a victim of a compromised ChatGPT account, which resulted in the unauthorized logins. OpenAI has confirmed that the unauthorized logins originate from Sri Lanka, according to an…
Increasing Number of Ransomware Targets Opting Against Ransom Payments
For an extended period, ransomware groups have instilled fear in various organizations, including businesses, schools, and hospitals. However, there is a positive shift as an increasing number of victims are now rejecting ransom demands. In the fourth quarter, the…
Akira Ransomware Unleashes Cyber Storm: Targets North American Companies
In the continually changing realm of cyber threats, organizations find themselves urgently needing to strengthen their cybersecurity measures to combat the increasing complexity of ransomware attacks. The focus is on Akira, a recently discovered ransomware family, highlighting a group of…
Is Your Gadget Secretly a Security Risk?
In our digital world where everything connects, keeping our devices safe is like building a strong fortress. We all know the basics – use strong passwords and be careful with downloads. But there’s a hidden world of dangers that…
Mark Zuckerberg Apologizes to Families in Fiery US Senate Hearing
In a recent US Senate hearing, Mark Zuckerberg, the CEO of Meta (formerly Facebook), faced intense scrutiny over the impact of social media platforms on children. Families who claimed their children had been harmed by online content were present, and…
Critical Windows Event Log Vulnerability Uncovered: Enterprise Security at Risk
In a recent discovery, cybersecurity researchers have identified a critical zero-day vulnerability posing a significant threat to the Windows Event Log service. This flaw, when exploited, has the potential to crash the service on all supported versions of Windows,…
Apple Raises Concerns Over UK’s Ability to ‘Secretly Veto’ Global Privacy Tools
Apple has strongly criticized the UK government’s move to require pre-approval of new security features introduced by technology companies. Proposed amendments to the Investigatory Powers Act (IPA) 2016 suggest that if the UK Home Office rejects an update, it…
Cohesity Research Shows That Most Firms Break Their “Do Not Pay” Policies by Paying Millions in Ransoms
While a “do not pay” ransomware policy may sound appealing in theory, thwarting attackers’ demand for ransom in exchange for stolen data is easier said than done. A recent study conducted by Cohesity, a leader in AI-powered data security…
AI Takes Center Stage: Microsoft’s Bold Move to Unparalleled Scalability
In the world of artificial intelligence, Microsoft is currently making some serious waves with its recent success in deploying the technology at scale, making it one of the leading players. With a market value that has been estimated to…
Mercedes-Benz Accidentally Reveals Secret Code
Mercedes-Benz faces the spotlight as a critical breach comes to light. RedHunt Labs, a cybersecurity firm, discovered a serious vulnerability in Mercedes’s digital security, allowing unauthorised entry to confidential internal data. Shubham Mittal, Chief Technology Officer at RedHunt Labs,…