CHINESE CYBER AGENCIES EPFO DATA BREACH
CEO fraud: For bigger catch, cybercrooks turn pros, go phishing for whales
Phishing attacks have become more sophisticated, with cybercrooks using social engineering to impersonate top corporate executives and trick employees into sending money. Fraudsters are also using artificial intelligence, launching bot-based attacks, and studying social media profiles to craft convincing mails. Akshay Garkel from Grant Thornton Bharat highlighted the need for improved security awareness levels to combat cyber attacks effectively. Educational institutes like IIMs have also faced impersonation scams, leading to the implementation of stricter systems.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
US intelligence agencies' embrace of generative AI is at once wary and urgent
A Silicon Valley firm used generative AI in the Sable Spear operation to analyze Chinese fentanyl trafficking data, surpassing human analysis. It predicted Russia's invasion of Ukraine and alerted government customers to North Korean missile launches. U.S. intelligence agencies are exploring AI for geospatial intel and assessing AI missions.
90,000 scams in 4 months: How Southeast Asia is becoming the next Jamtara; Fraudsters recruiting from Andhra, TN, Odisha
India faces a surge in cyber fraud from Southeast Asia, surpassing domestic hotspots. Nearly half of the defrauded money comes from scams such as investment, trading, digital arrest, and dating scams. Between January and April 2024, Rs 1,775 cr was lost to these scams. Organized crime networks employ Indians through illegal recruiters, with suspected Chinese involvement in these operations.
US eyes curbs on China's access to AI software behind apps like ChatGPT
Biden admin plans to regulate AI models export to China. Commerce Dept may use computing power threshold. Concerns about AI's role in bioweapons, cyber attacks. Challenges in defining export criteria.
UK defence ministry targeted in cyberattack: govt
Britain's Ministry of Defence has faced a significant cyberattack targeting a third-party payroll system, according to government officials. While the attack's origin has not been officially confirmed, former minister Tobias Ellwood suggested it had the hallmarks of a Chinese cyberattack. The breach reportedly exposed the personal information, including names, bank details, and addresses, of current and former armed forces members. The Ministry of Defence swiftly took the affected database offline, and Defence Secretary Grant Shapps is expected to provide more information to Parliament.
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Britain says China hacked electoral watchdog, targeted lawmaker emails
In response to the attempted hack in 2021 of emails belonging to British politicians "prominent in calling out the malign activity of China", Britain imposed sanctions on two people and one company linked to state-backed Chinese hacking group APT31, the Foreign Office said in a statement.
India, US to hold homeland security talks
India and the US will hold the Homeland Security Dialogue to discuss various security issues, including counterterrorism, cyber security, extradition, and more. Ajay Bhalla will lead the talks, and topics such as illegal mobility, aviation security, and drug seizures will be addressed.
Chinese hackers have stolen 100 GB of immigration data from India, leaked papers show
Leaked documents reveal extensive cyber intrusions by Chinese state-linked hacking group. Implications raise concerns about scale and persistence of cyber threats from China and their impact on global cybersecurity. Targets include foreign governments, companies, infrastructure. iSoon, a Shanghai-based firm, plays a significant role in Chinese hacking operations.
EPFO, PMO data breach: Centre says aware of reports, Cert-In looking into details
A social media user has claimed that data from EPFO and PMO were leaked on the global software and code repository GitHub. Senior officials told ET that the government is aware of the claims but "need to verify them first".
Microsoft says US rivals are beginning to use generative AI in offensive cyber operations
In a blog post, the Redmond, Washington, company said the techniques were "early-stage" and neither "particularly novel or unique" but that it was important to expose them publicly as U.S. rivals leverage large-language models to expand their ability to breach networks and conduct influence operations.
Alarm bells go off as Indonesian hacktivists breach government websites
Indonesian hackers may have been behind the breach of several Indian websites this month, including those of the Indian army and the Census of India as well as institutions like Banaras Hindu University, according to experts.
Australian spies blame Russian for major cyberattack
Australia has identified the Russian mastermind behind a crippling cyber attack, unmasking the 33-year-old hacker for the first time on Tuesday and linking him to an international crime syndicate. - 'Hack the hackers' - Australia beefed up its cyber security laws in the wake of the Medibank attack, pledging that the country's intelligence agencies would proactively "hack the hackers".
Chinese syndicates to keep hurting India via loan app scams: Cyber expert
Chinese loan apps, operated by Chinese criminal syndicates and gangs, are causing significant financial losses in India. Pavan Duggal, a cybersecurity law expert, warns that these apps, which offer instant loans with high-interest rates, exploit unemployed youth and financially-stressed individuals.
Insurers negotiate with hackers as cyber claims rise
Insurers are tying up with agencies that act as intermediators to interact with hackers, or “threat actors”. These agencies help in negotiating with the hackers when they don’t release the key after stealing data. At least 5-10 cases involving large sums of money had been settled through such negotiations in a little over a year, experts told ET.
Taiwan prepares for cyber D-Day in China invasion scenarios
Taiwan faces a multifaceted threat from China, not only in terms of military invasion but also in cyber warfare. The island's cybersecurity experts warn of potential cyberattacks targeting critical infrastructure, including telecommunications, energy, and finance sectors. There has been a significant increase in cyber threats in the lead-up to the presidential election. While some attacks are attributed to state-sponsored Chinese groups, others have targeted Taiwan's semiconductor industry, a crucial part of the global supply chain.
China warns of geographic info data breaches, affecting transport, military
The government revealed the threat in an article on its WeChat public account on Monday but did not disclose any information on entities blamed for accessing data or identify specific Chinese firms that were affected or targeted.
China warns of geographic info data breaches, affecting transport, military
China has raised concerns about the potential compromise of confidential and sensitive data, particularly in military sectors, due to foreign geographic information software. The Ministry of State Security conducted an extensive investigation and warned that overseas geographic information system software is being used to collect data, some involving state secrets, posing a serious threat to national security.
IT ministry plans regulations to tackle deepfakes; data breach at Tata-owned hospitality firm
The government will come out with a new set of rules and regulations to tackle the growing menace of deepfake technology, IT minister Ashwini Vaishnaw said.
Australia beefs up cyber defences after major breaches
The federal government said it will also subject telecommunications firms to tougher cyber reporting rules which apply to critical infrastructure, seek migrants to build up the cyber security workforce and set limits on inter-agency data sharing to encourage people to report incidents.
ICBC puts capital into US unit, seeks cyber review after hack
ICBC's US unit told market participants on Friday it was hoping to finish the cyber review over the weekend, but the sources said they expected it would spill into next week. Meanwhile, the bank is using manual processes to trade, they said.
Unmasking data thieves, their motivation and dark marketplace
Several high-profile breaches have come to light, exposing the personal information of thousands of individuals. The incidents have targeted a range of sectors, including banking, healthcare, and ecommerce, raising concerns about the vulnerability of sensitive data in the digital age.
ED raids against online gaming app in money laundering case involving Chinese national
The Enforcement Directorate (ED) Thursday said it carried out raids in Gujarat and Delhi as part of a money laundering investigation against an online gaming app through which a Chinese national and his accomplices duped people of crores of rupees. The raids were carried out in Ahmedabad, Kachchh and Navsari of Gujarat and in Delhi on Wednesday.
Cyber insurance gains momentum in India; set to witness exponential growth: Deloitte
A report by Deloitte predicts that the cyber insurance market in India will grow by 27-30% in the coming years. The current market is valued at $50-60 million and has maintained a steady compound annual growth rate (CAGR) of 27-30% over the past three years. The growth is expected to continue due to increased awareness of the need for cyber insurance. Industries heavily involved in digitization, such as IT, pharma, and manufacturing, are identified as prime targets for cybercriminals and are early adopters of cyber insurance.
Iranian hackers target defence, satellite firms to gather secrets: Microsoft
The heavy sanctions imposed by the US on Iran have limited their access to military hardware and discouraged Western companies from sending medical supplies to the country. As a result, Iran has been compelled to look for trade secrets held by foreign firms, reports CNN.
Microsoft's role in data breach part of US cyber inquiry
A U.S. cybersecurity advisory panel will investigate risks in cloud computing that will also include Microsoft Corp's role in the recent breach of government department email systems by suspected Chinese hackers, Bloomberg News reported on Thursday.
MOVEit hack spawned over 600 breaches but is not done yet: cyber analysts
More than two months after the breach was first disclosed by Massachusetts-based Progress Software, the parade of victims has scarcely slowed
Chinese hackers breach US ambassador's emails: report
Daniel Kritenbrink, the assistant secretary of state for East Asia, was also hacked in the wider spying operation disclosed earlier this month by Microsoft, the report said, citing people familiar with the matter.
Chinese hackers breached US commerce chief's emails; Antony Blinken warns Chinese counterpart
On Tuesday, Microsoft revealed that a stealthy Chinese hacking operation had exploited a secret flaw in a piece of the company's authentication software in order to covertly break into email accounts belonging to 25 unnamed organisations.
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