CYBERATTACKS
Cloud resources biggest targets for cyberattacks in India, says study
Thales' 2024 Cloud Security Study indicates cloud resources are primary cyberattack targets in India. Firms prioritize security spending, with 37% facing breaches affecting sensitive data. Digital sovereignty, multi-factor authentication, and addressing human error are crucial. Cloud storage, SaaS applications, and Cloud Management Infrastructure are targeted.
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.
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.
Indonesia data hit by cyberattack not backed up, officials say
Indonesia experienced a significant cyberattack that affected over 230 public agencies, including ministries, causing disruptions to various government services such as immigration and operations at major airports. The attackers demanded an $8 million ransom to retrieve the encrypted data, but the government chose not to pay the ransom and instead focused on restoring services and strengthening cybersecurity measures to prevent future incidents.
AI, 3rd-party tech likely to intensify risks of cyberattacks
A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. "In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures," the report stated.
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.
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.
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.
Infosys unit faces another suit in US over 2023 cyberattack
Infosys faces multiple lawsuits over a cyberattack on its US subsidiary, leading to data breaches and legal actions from various parties, including eDiscovery vendors and financial information exposure.
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.
What happens when telcos' DNS server is down
Internet outages in India on June 18 affected over 45,000 Reliance Jio users and 9,000 Bharti Airtel users due to DNS server downtime, impacting popular applications like WhatsApp and Facebook.
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.
TikTok says cyberattack targeted brands and celebrity accounts, including CNN
TikTok takes measures to stop cyberattack targeting brand and celebrity accounts, including CNN. ByteDance challenges law requiring TikTok sale by January to avoid ban.
Explainer: Why cyberattackers are increasingly launching attacks in Rust programming language
Rust is a powerful coding language released by the Rust Foundation backed by five companies – AWS, Huawei, Google, Microsoft and Mozilla. The company was founded in 2015.
Zero-day vulnerabilities becoming major source of cyberattacks: Verizon
Cyberattacks exploiting vulnerabilities tripled in 2023, driven by MOVEit. Extortion rose while stolen credentials fell. Financially motivated incidents had a $46,000 median loss. Concerns persist around GenAI and deepfakes in cyber threats.
Roku says more than 500,000 accounts impacted in cyberattack
Roku, which had more than 80 million active accounts, said the hackers did not gain access to any sensitive information such as full credit card numbers or other payment details.
Exclusive: Apple warns users of "mercenary spyware" attack; India, 91 other countries impacted
Apple, in its threat notification mail, said it detected that the user was “being targeted by a mercenary spyware attack that is trying to remotely compromise the iPhone” which is associated with a particular Apple ID.
Why a near-miss cyberattack put US officials and the tech industry on edge
German software developer Andres Freund, who works for Microsoft out of San Francisco, discovered that the latest version of the open source software program XZ Utils had been deliberately sabotaged by one of its developers, a move that could have carved out a secret door to millions of servers across the internet.
No risk of contagion from first cyberattack to Vietnam market: regulator
VNDirect, Vietnam's third largest broker in terms of transactions handled according to the Ho Chi Minh City exchange, has been disconnected from the trading system since Monday.
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