Global cybercrime cost increased 12x faster than spending – ET CISO https://etimg.etb2bimg.com/thumb/msid-110278718,imgsize-29578,width-1200,height=765,overlay-etciso/cybercrime-fraud/global-cybercrime-cost-increased-12x-faster-than-spending.jpg The annual spending on cybersecurity is to hit $183 billion this year. As organizations continue to spend billions of dollars on cybersecurity each year to prevent their businesses from losing sensitive data and important figures, a new report on Monday revealed that the global cybercrime cost has increased ...
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Researchers Warn of Chinese-Aligned Hackers Targeting South China Sea Countries
Researchers Warn of Chinese-Aligned Hackers Targeting South China Sea Countries https://firewall.firm.in/wp-content/uploads/2024/05/china.png Cybersecurity researchers have disclosed details of a previously undocumented threat group called Unfading Sea Haze that’s believed to have been active since 2018. The intrusion singled out high-level organizations in South China Sea countries, particularly military and government targets, Bitdefender said in a report shared with The Hacker News. ...
Read More »Global cybercrime cost increased 12x faster than spending, IT Security News, ET CISO
Global cybercrime cost increased 12x faster than spending, IT Security News, ET CISO The annual spending on cybersecurity is to hit $183 billion this year. As organizations continue to spend billions of dollars on cybersecurity each year to prevent their businesses from losing sensitive data and important figures, a new report on Monday revealed that the global cybercrime cost has ...
Read More »Foxit PDF Reader Flaw Exploited by Hackers to Deliver Diverse Malware Arsenal
Foxit PDF Reader Flaw Exploited by Hackers to Deliver Diverse Malware Arsenal https://firewall.firm.in/wp-content/uploads/2024/05/pdf.png Multiple threat actors are weaponizing a design flaw in Foxit PDF Reader to deliver a variety of malware such as Agent Tesla, AsyncRAT, DCRat, NanoCore RAT, NjRAT, Pony, Remcos RAT, and XWorm. “This exploit triggers security warnings that could deceive unsuspecting users into executing harmful commands,” Check ...
Read More »Cybercrime: About 41% of organizations detect exploits from signatures less than one month old – ET CISO
Cybercrime: About 41% of organizations detect exploits from signatures less than one month old – ET CISO https://etimg.etb2bimg.com/thumb/msid-110271481,imgsize-19422,width-1200,height=765,overlay-etciso/cybercrime-fraud/cybercrime-about-41-of-organizations-detect-exploits-from-signatures-less-than-one-month-old.jpg Cybercriminals are exploiting industry vulnerabilities 43% faster FortiGuard Labs’ 2H 2023 Global Threat Landscape Report highlights the need for vendors to adhere to vulnerability disclosure best practices and for organizations to improve cyber hygiene and patch management. Key findings from the second ...
Read More »Can we rid artificial intelligence of bias?, IT Security News, ET CISO
Can we rid artificial intelligence of bias?, IT Security News, ET CISO Artificial intelligence built on mountains of potentially biased information has created a real risk of automating discrimination, but is there any way to re-educate the machines? The question for some is extremely urgent. In this ChatGPT era, AI will generate more and more decisions for health care providers, ...
Read More »Cybersecurity, data security are imperative in the era of AI, ML – ET CISO
Cybersecurity, data security are imperative in the era of AI, ML – ET CISO https://etimg.etb2bimg.com/thumb/msid-110263861,imgsize-138896,width-1200,height=765,overlay-etciso/ciso-strategies/cybersecurity-data-security-are-imperative-in-the-era-of-ai-ml.jpg Neeraj Kaushik, Principal Consultant, Infosys McCamish, USA In the interconnected digital landscape of today, where the boundaries between physical and virtual worlds have blurred, the significance of cybersecurity and data security cannot be overstated. As organizations increasingly embrace AI and machine learning technologies to streamline ...
Read More »Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam
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 ...
Read More »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 ...
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