Snowflake Inc. recently faced a challenging earnings period marked by slowing growth and concerns following multiple cyberattacks. Despite being an AI data company with innovative technology, these events have impacted investor confidence, causing the stock price to retest recent…
Tag: CySecurity News – Latest Information Security and Hacking Incidents
Sweat Sensors Raise Health Benefits and Privacy Concerns
In Oak Ridge, Tennessee, dozens of workers of the United States Air Force worked with hazardous waste, asbestos, and pipes while being tasked with the task of decontaminating and preparing the defunct nuclear facility for demolition during a hot…
Bitcoin and Nostr: What Lies Beyond Decentralization and Freedom
In today’s digital expanse, in some countries governments and corporations wield immense power, two remarkable projects—Bitcoin and Nostr—have emerged as champions of decentralization. Their stories are quite similiar, revealing their struggle for financial autonomy, censorship resistance, and individual empowerment. Bitcoin:…
Why AI-Driven Cybercrime Could Be Your Business’s Biggest Risk
The way technology keeps shifting its paradigm, the line between genuine interactions and digital deception is becoming increasingly difficult to distinguish. Today’s cybercriminals are leveraging the power of generative artificial intelligence (AI) to create more closely intricate and harder-to-detect…
Ransomware on the Rise: Key Steps to Safeguard Your Business from Cyber Threats
In 2023, ransomware attacks saw a significant increase, jumping by 55% compared to the previous year. The number of reported victims climbed to 5,070. However, this statistic only scratches the surface of the issue. According to Statista, nearly 73%…
Georgia Tech Faces DOJ Lawsuit Over Alleged Lapses in Cybersecurity for Defense Contracts
Researchers at the Georgia Institute of Technology, who have received over $1 billion in Defense Department contracts, are facing scrutiny for allegedly failing to secure their computers and servers, citing that doing so was too “burdensome.” Since 2013, the…
Ukrainian Hackers Launch Coordinated Cyber Offensive on Russian Networks
Ukrainian military intelligence agents operated a mass cyberattack on Russian Internet providers on August 24 that disrupted the online platforms of dozens of industrial facilities in Russia, according to a source with the Kyiv Independent, who was authorized to…
Here’s How to Safeguard Yourself Against Phone Scams
Sophisticated phone scams are becoming more common and more relentless. The numbers are mind-boggling. According to the FTC, impostor fraudsters cost US consumers $2.7 billion in 2023, and the figure is rising year after year. These are merely the…
Scammers Exploit Messaging Apps and Social Media in Singapore
Singapore is experiencing the dread of scams and cybercrimes in abundance as we speak, with fraudsters relying more on messaging and social media platforms to target unsuspecting victims. As per the recent figures from the Singapore Police Force (SPF),…
Beyond Prioritization: Security Journey for Organizations
Organizations face an overwhelming number of vulnerabilities, and deciding which ones to address first can be a challenge for many. However, it’s essential to recognize that prioritization is merely the beginning of a more comprehensive security journey. The Limitations of…
FBI Director Christopher Wray Highlights Unprecedented Threat Landscape and Importance of Law Enforcement Partnerships
FBI Director Christopher Wray emphasized the unprecedented level of diverse threats facing the nation, describing it as a time when multiple threats are simultaneously elevated, a situation he finds unparalleled in his career. In an exclusive interview during his…
DMM Bitcoin Hack: 500 BTC Transfer Linked to $305 Million Theft Raises New Concerns
A cryptocurrency address linked to the $305 million DMM Bitcoin hack in May has reportedly transferred 500 Bitcoin, valued at approximately $30.4 million. On August 22, PeckShield Alert reported that the suspect address initially split the funds into two…
US Authorities Charge Alleged Key Member of Russian Karakurt Ransomware Outfit
The U.S. Department of Justice (DOJ) released a statement this week charging a member of a Russian cybercrime group with financial fraud, extortion, and money laundering in a U.S. court. The 33-year-old Moscow-based Latvian national Deniss Zolotarjovs was extradited…
Fake macOS Apps Infect Devices, Steal Sensitive Data in the Latest Malware Attack
The latest cyber-attack uncovered by security researchers is an information stealer that targets Apple macOS hosts and gathers a wide array of information to reach sensitive computer data. It underscores how threat actors are increasingly targeting the OS as…
Slack Fixes AI Security Flaw After Expert Warning
Slack, the popular communication platform used by businesses worldwide, has recently taken action to address a potential security flaw related to its AI features. The company has rolled out an update to fix the issue and reassured users that…
Cyber Security: A Rising Threat to Australia’s Renewable Energy Campaign
Australia is striving to become a more energy-efficient nation. The Australian Renewable Energy Agency recently announced a $100 million effort to research and develop solar energy technologies. Further investments in energy storage, pumped hydro, and low-carbon systems may be…
Lessons from the CrowdStrike Falcon Sensor Defect: Enhancing Ransomware Recovery and Business Continuity
In recent times, a significant IT disruption was caused by a defect in a content update for CrowdStrike’s Falcon sensor, affecting approximately 8.5 million PCs across diverse sectors. This issue, which disrupted organizations ranging from small businesses and global…
Everest Gang Poses New Cybersecurity Threat to US Healthcare
According to the Health Sector Cybersecurity Coordination Center, the Everest Ransomware group is a threat profile of the recent ransomware attack that took place at Gramercy Surgery Center in New York. The Everest Ransomware group is behind the recent…
QR Code Phishing: How Cybercriminals Exploit Trust via Quishing
Today, QR codes have become a familiar sight. And why not, it makes our daily tasks easy. From making payments to accessing websites, these square patterns of black and white squares offer convenience and efficiency. However, cybercriminals have found a…
North Korea Exploited Windows Zero-Day Vulnerability to Install Fudmodule
North Korea’s Lazarus hacking group has once again exploited a zero-day vulnerability in Microsoft Windows to deploy malware on targeted devices. On August 13, Microsoft addressed this issue with its monthly Patch Tuesday updates, fixing a flaw in the…