Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam https://firewall.firm.in/wp-content/uploads/2024/05/pig.png The U.S. Department of Justice (DoJ) has charged two arrested Chinese nationals for allegedly orchestrating a pig butchering scam that laundered at least $73 million from victims through shell companies. The individuals, Daren Li, 41, and Yicheng Zhang, 38, were arrested in Atlanta and Los Angeles on ...
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Google will now detect and tell users about fraud apps on smartphones – ET CISO
Google will now detect and tell users about fraud apps on smartphones – ET CISO https://etimg.etb2bimg.com/thumb/msid-110224617,imgsize-15608,width-1200,height=765,overlay-etciso/ot-security/google-will-now-detect-and-tell-users-about-fraud-apps-on-smartphones.jpg Google is expanding the AI capabilities of its Google Play Protect live threat detection feature that scans apps installed on Android phones for malware, the company announced at the recently-concluded Google I/O annual developers conference. With the expanded on-device AI capabilities, Google Play Protect ...
Read More »US SEC updates customer data hacking rules for Wall Street – ET CISO
US SEC updates customer data hacking rules for Wall Street – ET CISO https://etimg.etb2bimg.com/thumb/msid-110196446,imgsize-42686,width-1200,height=765,overlay-etciso/ot-security/us-sec-updates-customer-data-hacking-rules-for-wall-street.jpg Wall Street’s top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers’ theft of customer data. The changes, approved unanimously by the five-member U.S. Securities and Exchange Commission, apply to rules first adopted in ...
Read More »New Wi-Fi Vulnerability Enables Network Eavesdropping via Downgrade Attacks
New Wi-Fi Vulnerability Enables Network Eavesdropping via Downgrade Attacks https://firewall.firm.in/wp-content/uploads/2024/05/wifi.png May 16, 2024NewsroomVulnerability / Network Security Researchers have discovered a new security vulnerability stemming from a design flaw in the IEEE 802.11 Wi-Fi standard that tricks victims into connecting to a less secure wireless network and eavesdrop on their network traffic. The SSID Confusion attack, tracked as CVE-2023-52424, impacts all ...
Read More »Securing the world’s democracies through cyber vigilance – ET CISO
Securing the world’s democracies through cyber vigilance – ET CISO https://etimg.etb2bimg.com/thumb/msid-110167546,imgsize-29880,width-1200,height=765,overlay-etciso/cybercrime-fraud/securing-the-worlds-democracies-through-cyber-vigilance.jpg Sundareshwar K, Partner and Leader – Cybersecurity, PwC India 2024. A year when more than half of the world has voted or is set to vote. According to Time magazine, this year, ‘64 countries (plus the EU) representing a combined population of about 49% of the people in the ...
Read More »64% of Indian organizations hit by ransomware in the last year, ET CISO
64% of Indian organizations hit by ransomware in the last year, ET CISO DID YOU KNOW? 65% of Indian organizations paid the ransom, surpassing those using backups (52%). Average ransom demand: $4.8 million; median ransom paid: $2 million. 44% of attacked computers were encrypted. Data theft occurred in 34% of attacks. Recovery costs averaged $1.35 million, excluding ransom payments. 61% ...
Read More »National Technology Day: Cybersecurity leaders reflect on innovations for a safer tomorrow – ET CISO
National Technology Day: Cybersecurity leaders reflect on innovations for a safer tomorrow – ET CISO https://etimg.etb2bimg.com/thumb/msid-110028384,imgsize-23236,width-1200,height=765,overlay-etciso/ciso-strategies/cybersecurity-leaders-reflect-on-innovations-for-a-safer-tomorrow.jpg As National Technology Day dawns, the cybersecurity community stands at the forefront of innovation and protection in our increasingly digital world. This occasion prompts reflection not only on past achievements but also on the insights and wisdom shared by cybersecurity leaders. Praveen Kumar, CISO, ...
Read More »VMware Patches Severe Security Flaws in Workstation and Fusion Products
VMware Patches Severe Security Flaws in Workstation and Fusion Products [og_img] Multiple security flaws have been disclosed in VMware Workstation and Fusion products that could be exploited by threat actors to access sensitive information, trigger a denial-of-service (DoS) condition, and execute code under certain circumstances. The four vulnerabilities impact Workstation versions 17.x and Fusion versions 13.x, with fixes available in version 17.5.2 and
Read More »VC firm Accel raises $650 million to invest in AI, cybersecurity startups – ET CISO
VC firm Accel raises $650 million to invest in AI, cybersecurity startups – ET CISO https://etimg.etb2bimg.com/thumb/msid-110112332,imgsize-115054,width-1200,height=765,overlay-etciso/ot-security/vc-firm-accel-raises-650-million-to-invest-in-ai-cybersecurity-startups.jpg Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be Accel’s eighth since opening its London office in ...
Read More »India Inc hunts for new cyber warriors, IT Security News, ET CISO
India Inc hunts for new cyber warriors, IT Security News, ET CISO Corporate India is on the hunt for cybersecurity talent. Amid data breaches, progressive regulatory expectations and introduction of generative artificial intelligence platforms making security controls and processes vulnerable, companies are beefing up their cybersecurity teams across levels. They are hiring experts in threat intelligence, security operations, incident response, ...
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