CYBER VULNERABILITIES
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.
Can cyber-attacks on the US stop its drinking water supplies?
In recent times, the US has been attacked by Iran, Russia and China based hackers who have targeted various water utility projects. This has exposed the country’s outdated infrastructure and has shown a lackadaisical approach in dealing with cyber-crimes that threaten its critical IT infrastructure.
Beware... 800 online financial frauds a day
Furthermore, if all the cases from the National Cyber Crime Reporting Portal are included, the surge is even higher. Many frauds reported on the portal are not recorded as banking frauds because the money is transferred voluntarily to a third party masquerading as a merchant or service provider.
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.
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.
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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
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.
Daily Stock Tips: How 100 fraudsters tricked 200 investors through Telegram, Instagram, and WhatsApp
Investment scams on social media platforms lure victims with promises of high returns. Delhi Police have arrested over 100 fraudsters employing sophisticated tactics. Scammers pose as representatives of reputed firms, offering free stock recommendations and making unrealistic promises. Victims, often homemakers and retirees, fall prey to pressure tactics, losing their hard-earned money.
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.
Baba Vanga's 2024 predictions that came true: Unusual weather, cyber attacks and other prophecies from the blind Bulgarian mystic
Baba Vanga's predictions for 2024 are garnering attention as recent events align with her foresight. Notable forecasts include an economic downturn reflected in Britain's GDP decline and intense weather patterns mirroring her warnings. Advances in cancer treatment and cyber threats also validate her insights. While her predictions span global events and even extend far into the future, the lack of concrete evidence leaves room for ongoing intrigue about her abilities.
Why security guards aren't enough to prevent losses and what you should do to make your home, office or warehouse safe
Experts emphasize the need for comprehensive security measures, including surveillance systems, access control, alarms, and professional security services, to effectively combat modern security challenges and safeguard against potential threats.
Skill gap in workforce, AI advancements make cyber attacks more threatening in India
India is witnessing an unpredented surge in cyber attacks. There is also a big skills gap in the cyber security workforce, and advancements in AI are making the problem more acute. While AI is a threat, it is also an opportunity. Synergy between AI and human expertise may be the key to safeguarding the country’s expanding digital ecosystems.
CERT-In warns of critical vulnerability in Apple devices; Here's how you can reduce the risk
CERT-In has issued a high-risk warning regarding a critical vulnerability in various Apple products, including iPhones, MacBooks, iPads, and Vision Pro headsets. The vulnerability could allow attackers to execute arbitrary code remotely, posing a significant threat to users' security. It is crucial for users to take immediate action by updating their devices and following CERT-In's precautionary measures to mitigate the risk.
How can Indian SMEs combat ransomware attacks?
The average ransom soared to $1.54 million in 2023, nearly doubling from the previous year. Cybersecurity experts stress the urgent need for proactive defense strategies, including raising awareness, investing in robust infrastructure, implementing strong access controls, and developing incident response plans.
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.
Beware! Hackers use electric toothbrushes in massive cyber attack, results in huge financial loss
Hackers exploited millions of electric toothbrushes to launch a cyber attack on a Swiss company, causing significant financial damage. The compromised toothbrushes were transformed into a botnet, targeting the company's website with a distributed denial of service (DDoS) assault. Cybersecurity experts emphasize the need for vigilance in securing internet-connected devices, highlighting the growing threat posed by smart devices in escalating cybercrime. This incident underscores the importance of proactive measures to mitigate evolving cybersecurity risks.
TCS sounds final call for staff to work from office
In the fiscal third quarter, India's second largest IT firm Infosys said one of its US units was affected by a cyber security issue, resulting in the unavailability of several applications. In December, HCLTech reported a ransomware incident, adding that it had made no impact.
Companies rush for cyber insurance on data laws, digitisation
Generally higher claims and lack of strong IT systems for SMEs is causing insurers to be wary about offering these products actively.
Hackers stole nearly $2 billion in cryptocurrencies in 2023: report
According to De.FI, a Web3 security firm that runs the REKT database, among the major hacks this year was Hong Kong-based crypto company Mixin that saw $200 million being stolen in a data breach that occurred in September.
Trafficking for cyber fraud an increasingly globalised crime, Interpol says
The global police coordination body said law enforcement from more than 20 countries in October carried out inspections at hundreds of trafficking and smuggling hotspots.
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.
Vehicles to soon drive around with 'shields' to fend off cyberattacks
The Ministry of Road Transport and Highways (MoRTH) has put forth a proposal for uniform Cyber Security and Management Systems (CSMS) provisions, specifically targeting certain categories of four-wheelers, encompassing both passenger and commercial vehicles. The objective is to fortify these vehicles against potential cyber threats that could compromise their functions.
Why is there a growing cyber threat to global shipping
The attack on DP World's ports - which handle 40% of Australia's freight trade - forced them offline for days and was the latest in a series of breaches at ports around the world in recent years.
State-sponsored cyberattacks against India up 278% in three years
Services companies in India, including IT and BPO, saw the highest share of attacks between March 2021 and September 2023, according to Singapore-based cybersecurity firm Cyfirma.
Ex-minister lost Rs 1 lakh in online fraud: Here is how scamsters are using new tricks to empty bank accounts
An incident of fraud involving the swindling of Rs 1 lakh from MP Dayanidhi Maran's bank account has raised concerns about the vulnerability of digital banking security. Cybersecurity experts reveal that malicious apps can take control of a user's phone, intercept and delete OTPs. Combined with hacking into bank servers, fraudsters can carry out fraudulent transactions within minutes.
Indian technology infrastructure is vulnerable to zero day attacks
Cybersecurity experts said that in general, the threats across the Japan and APAC region have been on the rise.
Why US' efforts to fortify its hi-tech sector against China won't yield significant results
The US slipped from producing nearly 40% of the world's chips to just over 10% in the last three decades. By allocating $53 billion towards the enhancement of US semiconductor manufacturing, R&D and the augmentation of its skilled workforce in the domain, the Act sought to change China's comparative advantage
Court dismisses former NSE MD & CEO Chitra Ramkrishna's bail plea in money laundering case
A special court on Monday dismissed the bail petition of Chitra Ramakrishna, former managing director and chief executive officer of the National Stock Exchange (NSE) in a money laundering case related to the alleged illegal phone tapping and snooping of NSE employees.
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