A multi-national cryptocurrency fraud ring that allegedly defrauded victims worldwide over a quarter of a billion dollars has come under increased scrutiny from the US Department of Justice (DOJ). The case now has 27 defendants in total after the…
Category: CySecurity News – Latest Information Security and Hacking Incidents
Klarna Scales Back AI-Led Customer Service Strategy, Resumes Human Support Hiring
Klarna Group Plc, the Sweden-based fintech company, is reassessing its heavy reliance on artificial intelligence (AI) in customer service after admitting the approach led to a decline in service quality. CEO and co-founder Sebastian Siemiatkowski acknowledged that cost-cutting took…
Surge in Skitnet Usage Highlights Evolving Ransomware Tactics
Today’s cyber threat landscape is rapidly evolving, making it increasingly difficult for adversaries to tell the difference between traditional malware families, as adversaries combine their capabilities to maximise their impact. Skitnet, an advanced multistage post-exploitation toolkit, is one of…
Cybercriminals Are Dividing Tasks — Why That’s a Big Problem for Cybersecurity Teams
Cyberattacks aren’t what they used to be. Instead of one group planning and carrying out an entire attack, today’s hackers are breaking the process into parts and handing each step to different teams. This method, often seen in cybercrime…
Microsoft Uncover Password Stealer Malware on 4 lakh Windows PCs
Microsoft’s Digital Crimes Unit (DCU) and global partners have halted Lumma Stealer, one of cybercriminals’ most common info-stealing malware tools. On May 13, Microsoft and law enforcement agencies seized nearly 2,300 domains that comprise Lumma’s infrastructure, inflicting a significant…
Global Surveillance Campaign Targets Government Webmail Through XSS Exploits
Amid the ongoing conflict between Russia and Ukraine, the digital battlefield remains just as active as the one on the ground. Researchers have identified a sophisticated and ongoing global hacking campaign known as “Operation RoundPress” as a disturbing escalation…
Cyberattack Forces Nucor to Halt Some Operations Amid Ongoing Investigation
Nucor, the largest steel manufacturer and recycler in North America, has disclosed a cybersecurity incident that forced the company to temporarily shut down some of its production operations. The Charlotte, North Carolina-based firm confirmed the event in a recent…
Generative AI May Handle 40% of Workload, Financial Experts Predict
Almost half of bank executives polled recently by KPMG believe that generative AI will be able to manage 21% to 40% of their teams’ regular tasks by the end of the year. Heavy investment Despite economic uncertainty, six…
Quantum Computing Could Deliver Business Value by 2028 with 100 Logical Qubits
Quantum computing may soon move from theory to commercial reality, as experts predict that machines with 100 logical qubits could start delivering tangible business value by 2028—particularly in areas like material science. Speaking at the Commercialising Quantum Computing conference…
Dior Confirms Hack: Personal Data Stolen, Here’s What to Do
Christian Dior, the well-known luxury fashion brand, recently experienced a cyberattack that may have exposed customer information. The brand, owned by the French company LVMH, announced that an outsider had managed to break into part of its customer database. This…
Tech Executives Lead the Charge in Agentic AI Deployment
As it turns out, what was once considered a futuristic concept has quickly become a business imperative. As a result, artificial intelligence is now being integrated into the core of enterprise operations in increasingly autonomous ways – and it…
Ransomware Hackers Target SAP Servers Through Critical Flaw
A newly discovered security hole in SAP’s NetWeaver platform is now being misused by cybercriminals, including ransomware gangs. This flaw allows attackers to run harmful commands on vulnerable systems from a distance—without even needing to log in. SAP issued…
Pen Test Partners Uncovers Major Vulnerability in Microsoft Copilot AI for SharePoint
Pen Test Partners, a renowned cybersecurity and penetration testing firm, recently exposed a critical vulnerability in Microsoft’s Copilot AI for SharePoint. Known for simulating real-world hacking scenarios, the company’s redteam specialists investigate how systems can be breached just like…
Here’s How to Safeguard Your Smartphone Against Zero-Click Attacks
Spyware tools have been discovered on the phones of politicians, journalists, and activists on numerous occasions over the past decade. This has prompted worries regarding the lack of protections in the tech industry and an unprecedented expansion of spyware…
AI Can Create Deepfake Videos of Children Using Just 20 Images, Expert Warns
Parents are being urged to rethink how much they share about their children online, as experts warn that criminals can now generate realistic deepfake videos using as few as 20 images. This alarming development highlights the growing risks of…
India’s Cyber Scams Create International Turmoil
It has been reported that the number of high-value cyber fraud cases in India has increased dramatically in the financial year 2024, which has increased more than fourfold and has resulted in losses totalling more than $20 million, according…
Google Claims Attackers That Hit UK Firms Now Targeting American Stores
Hackers responsible for a series of destructive, financially driven assaults on some of the United Kingdom’s leading retailers are now targeting major American firms, Google noted earlier this week. “Major American retailers have already been targeted,” John Hultquist, the…
Spain Investigates Cybersecurity of Power Suppliers After Widespread Grid Outage
Spain is investigating the cybersecurity practices of its power suppliers following a major power outage that affected much of the Iberian Peninsula at the end of April. While initial assessments by Spanish and Portuguese grid operators ruled out a…
Cyberattackers Use JPG Files to Deploy Ransomware Undetected
Several cybersecurity experts have recently identified a worrying evolution in ransomware tactics. These actors are now concealing and deploying fully undetectable ransomware payloads using JPEG images, resulting in an outbreak of completely undetectable ransomware. It is a major advance…
Ransomware May Soon Target the Brain of Your Computer — Here’s What You Need to Know
Cyberattacks are evolving fast, and one of the biggest threats on the horizon is ransomware that doesn’t just take over your files but could directly attack your computer’s processor. Usually, ransomware blocks access to your files or system until…