CYBER THREATS
We continue to remain fully invested; bullish on pharma and IT sector: Vikas Khemani
So, nothing changes from our original hypothesis perspective and we do not churn portfolio very often, so our holding continues to remain more or less same.
Satellite images reveal the presence of Chinese spy bases in Cuba. Should the US be concerned?
A report by a think-tank based out of the US analyzed satellite images from Cuba which revealed the presence of Chinese spying facilities. This is a direct threat to the US. Law makers have urged the Biden administration to tackle this threat.
Proactive measures against cyber vulnerabilities are vital: Here’s how companies can get started
CEOs and CTOs should prioritize autonomous patching plans to enhance security. Collaboration between security and IT is crucial for effective patching. Analyzing results and ensuring vulnerability compliance are essential. Autonomous patching boosts risk management and operational efficiency, reducing costs and maintaining compliance in a dynamic cybersecurity landscape.
Rise in cyber threats make companies go for unified security command
As the digital world expands, demand for cybersecurity leaders grows. Organizations recognize cyber risks can lead to financial losses, reputational damage, and threaten public safety. This surge drives demand for cyber insurance across sectors like finance, healthcare, and technology. Senior cybersecurity roles are crucial, requiring deep technical knowledge, business acumen, and skills in regulatory compliance.
Banks told to stay vigilant amid intel on cyberattack threat
Apart from continuously checking network activities and server logs to detect malicious intrusions, banks will have to monitor critical payment systems such as SWIFT (the messaging system to confirm cross-border fund transfers), card network (which facilitates card payments), the online local fund transfer frameworks RTGS, NEFT and UPI, the real-time payment system.
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Seoul, Tokyo, Washington start new joint military drills
South Korea, the United States, and Japan began major military exercises, "Freedom Edge," focusing on missile and air defenses, anti-submarine warfare, and cyber training. This follows a summit where the countries agreed to annual drills to counter North Korea's nuclear threats and China's regional influence. The exercises involve assets like the USS Theodore Roosevelt, JS Atago, and KF-16 fighter jets. North Korea, which views such drills as invasion rehearsals, responded angrily, especially after Seoul's announcement followed North Korea's claimed successful multi-warhead missile test.
All about China's War Game Exercise that Left the U.S. Air Force Worried
The US is concerned about growing cyber threats from China. The FBI Director has warned that there are multi-pronged threats against the US interest. Analysts have noted that there is a need for joint efforts to tackle this growing menace.
Hackers breach BSNL again, second time in six months
This is the second time in six month where BSNL has suffered a data breach. Athenian Tech chief executive Kanishk Gaur told ET, the breach involved more than 278 GB of data from the state-owned telecom operation, including server snapshots, which can be misused for SIM cloning and potentially more severe criminal activities like extortion.
To navigate through 'turbulent times', India must invest in modernisation of armed forces: IAF chief
His remarks come amid the backdrop of evolving geopolitics with conflicts being seen in some of the regions of the world. This "multi-faceted landscape" requires such military personnel who are not only adept at combat but also possess a deep understanding of the broader implications of their actions, the air chief marshal said.
Unemployed youth enticed to rent bank accounts for quick money; Goa Police uncovers fraud
Goa police have uncovered a worrying trend of youths renting out their bank accounts to cyber fraudsters. This has led to an increase in cybercrimes targeting unsuspecting citizens. Many unemployed youths are enticed to rent their accounts in exchange for quick money. The fraudsters then use these accounts to execute their schemes.
Chinese hackers step up attacks on Taiwanese organisations: cybersecurity firm
A suspected Chinese state-sponsored hacking group, RedJuliett, has intensified its targeting of Taiwanese organisations, including government, education, technology, and diplomacy sectors, ahead of Taiwan's presidential elections in January. The cyberattacks were observed between November 2023 and April 2024. RedJuliett accessed servers via vulnerabilities in SoftEther enterprise VPN software. Recorded Future suggests that Chinese intelligence services in Fuzhou are likely behind the attacks to gather intelligence on Taiwan.
NIA charge sheet against 5 persons for trafficking Indian youths, coercing them into online fraud work
According to NIA investigations, the accused targeted Indian youths proficient in computers and English language, and coerced them into working in fraudulent call centres on tourist visa for pecuniary gains. The victims were being recruited, transported and transferred from India to the Golden Triangle SEZ in Lao PDR via Thailand, the NIA said.
Noida man scammed of Rs 20.54 lakh, alleges death threat
A man from Greater Noida, Sandeep Kumar, was scammed of Rs 20.54 lakh in a work-from-home job scam involving rating hotels on Google Maps. An FIR was filed against an unidentified persons under IPC sections 420 and 506, along with IT Act provisions. Kumar fell victim to a scheme where he invested money but couldn't withdraw it, facing death threats when questioning the fraudsters.
With airports, more than 50 hospitals and BMC headquarters in Mumbai receive bomb threats
Along with 41 airports, more than 50 hospitals in Mumbai including Jaslok Hospital, Raheja Hospital, Seven Hill Hospital, Kohinoor Hospital, KEM Hospital, JJ Hospital, St. George Hospital and many more hospitals receive bomb threats. The threat emails have been sent using a VPN Network. The identity of the sender and the motive of the threat are yet to be ascertained, said Mumbai Police.
Police arrest man over video threatening to kill Salman Khan
Bollywood actor Salman Khan has been arrested by Mumbai Police in connection with a firing incident at his residence. The accused, Banwarilal Laturlal Gujar, allegedly uploaded a YouTube video claiming to be a follower of the Lawrence Bishnoi gang and plans to kill Khan.
OpenAI, Google DeepMind's current and former employees warn about AI risks
The letter further warns of risks from unregulated AI, ranging from the spread of misinformation to the loss of independent AI systems and the deepening of existing inequalities, which could result in "human extinction."
Lenskart $200M secondary deal; Baron bumps up Swiggy’s valuation
Singapore's Temasek and US-based Fidelity have invested $200 million in Lenskart through a secondary share sale. This and more in today’s ETtech Top 5.
Change your ATM pin if you have used something like this?
Cyber attacks in India have surged by 33% in the first quarter of 2024, making it one of the most targeted countries globally. Experts attribute this rise to the use of weak PINs, with common patterns such as "1234" and "1111" being among the most used. Cybersecurity experts advise using strong, unique PINs and password managers to protect sensitive information from hackers.
Seven schools received 'hoax' bomb threat emails in Uttar Pradesh's Kanpur
Seven schools, including two government-run, received hoax bomb threats via email. Police investigated, confirming them as false. Cyber Crime officials alerted for investigation. FIR registered. Exploring patterns in threats across Lucknow, Bengaluru, Jaipur, Delhi-NCR. Similar threats reported in multiple cities.
Govt asks Jio, Airtel, Idea to block 28,000 phones, verify 20 lakh numbers
The Department of Telecom (DoT) has directed major telecom operators to block 28,200 mobile handsets allegedly linked to cyber crimes. This action is part of a collaborative effort with the Ministry of Home Affairs (MHA) and State Police to combat the misuse of telecom resources. The DoT has also instructed telecom companies to immediately reverify 20 lakh mobile connections. Measures such as the Chakshu portal and blocking of suspicious mobile numbers and IMEIs have been taken to combat telecom fraud.
India Inc hunts for new cyber warriors
Corporate India is actively seeking cybersecurity professionals amidst rising concerns over data breaches, evolving regulatory requirements, and the emergence of advanced artificial intelligence platforms. To address vulnerabilities in security controls and processes, companies are bolstering their cybersecurity teams across various domains.
DoT directs telcos to block 28,200 mobile handsets, re-verify 20 lakh mobile numbers
Collaborating with the Ministry of Home Affairs (MHA) and state police, DoT aims to combat the misuse of telecom resources in cybercrime and financial frauds, aiming to dismantle fraud networks and safeguard citizens from digital threats.
How an email sent 24 airports, businesses, and even CISF into a security frenzy
An alarming email from group 'Terrorizers 111' has sparked nationwide security measures at 24 airports. Sent from [email protected], the threat prompted swift action from cyber security agencies. Despite doubts about its credibility, security forces are on high alert. Police mobilized to airports, conducting thorough checks. Efforts by anti-terror squads and intelligence agencies are underway to identify the source and ensure safety.
AI-generated deepfake videos, voice cloning emerge as potential threats during election season
Political parties aim to influence voters. Concerns over AI, deepfake misuse. Challenges in detecting deepfake content. Global incidents reflect AI misuse. Cybersecurity experts emphasize the importance of transparent AI guidelines.
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.
Britain due to set out Chinese cyber security threat
Deputy Prime Minister Oliver Dowden is due to make a statement on the issue to parliament on Monday, a government official said, declining to confirm whether he will also announce reprisals including sanctions.
Why fair and responsible AI is non-negotiable for consumer welfare
Investments in hardware, software, skilling initiatives, and awareness building are essential for a holistic AI ecosystem. Collaboration among government, industry, academia, and civil society is vital to balance fairness, innovation, and responsibility.
Monitor cyber threat, bring all departments on e-bill platform, Somanathan tells pay and accounts officers
Finance Secretary T V Somanathan urged pay and accounts officers to bring government departments on e-bill platform and monitor cyber security threats. He emphasized on improving bill payment efficiency and complete implementation of e-bill system. The e-bill processing system enables online claim submission and real-time tracking by suppliers and contractors.
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