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Cyber Crime News
Cybersecurity-Insiders
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How Data Breaches Erode Trust and What Companies Can Do
- Data breaches can have a huge financial cost and cause reputational damage to companies.
- The reputational damage may lead to a decrease in customer trust and perception of the brand.
- Finance, healthcare, and retail industries are more susceptible to data breaches as attackers target them for monetary gain.
- The loss of sensitive patient and personal data in healthcare can impact individuals and healthcare institutions.
- The retail industry needs to have contingency plans in place to avoid system downtime during the peak sales season.
- Organizations must implement cybersecurity measures according to the vulnerabilities of their industry.
- CTEM can prioritize potential countermeasures and enhance the security posture of organizations on an ongoing basis.
- The reduction in the time required to identify and address incidents is achieved by integrating valuable insights with the Security Operations Center (SOC).
- Verizon has improved hospital cybersecurity by unifying its network and centralizing access controls to boost operational efficiency and protect patient information.
- Data Loss Prevention (DLP) tools can safeguard data in the healthcare sector by monitoring sensitive information in outgoing emails.
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Cybersecurity-Insiders
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Snail Mail Cyber Attacks hit Android users and 23andme data security concerns
- Snail Mail Cyberattacks Raise Alarm Among Android Users
- The attackers are sending fake physical letters promoting a counterfeit version of the 'MeteoSwiss' app to Android users.
- The QR code in the fake app leads to a malware download, capable of stealing sensitive information.
- 23andMe Data Breach Raises Security Concerns and Potential Bankruptcy Fears
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Neuways
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Ransomware Groups Exploiting Cloud Services for Data Exfiltration: A Growing Threat to Business Security
- Ransomware groups are increasingly exploiting cloud services for data exfiltration.
- Attackers target cloud storage, exploiting misconfigurations and weak identity practices.
- Cloud-native tools are used for exfiltration, such as Azure Storage Explorer and Amazon S3 storage.
- To mitigate risks, businesses should employ CSPM, enforce MFA, and deploy runtime protection for cloud resources.
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Pymnts
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AI Video Tool Scams Target Content Creators
- Cybersecurity researchers have uncovered a sophisticated malware campaign using fake AI video generation software to steal sensitive data from Windows and Mac users.
- The campaign employs stolen code-signing certificates and professional-looking websites, posing a new threat to businesses adopting AI tools.
- Victims are advised to reset compromised credentials and enable multi-factor authentication on sensitive accounts.
- The surge in AI-related scams threatens consumer confidence in legitimate eCommerce platforms, potentially slowing adoption among online shoppers and merchants.
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TechCrunch
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AI training software firm iLearningEngines says it lost $250,000 in recent cyberattack
- U.S.-based iLearningEngines, a provider of AI training software, experienced a cyberattack.
- Hackers accessed the company's network and stole $250,000 in company funds.
- The incident suggests a possible business email compromise (BEC) attack.
- iLearningEngines expects the cybersecurity incident to have a material impact on its operations.
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Cybersecurity-Insiders
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Phishing Campaign Exploits Fake Trump Assassination Story to Harvest Corporate Data
- A phishing campaign is exploiting a fake Trump assassination story to harvest corporate data.
- The campaign targets corporate networks, aiming to steal sensitive data and infiltrate systems.
- Perpetrators tailor emails to specific victims and use counterfeit logos of media outlets to lend credibility.
- Users are advised to be cautious, mark suspicious emails as spam, and avoid clicking on embedded links.
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Securityaffairs
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Foreign adversary hacked email communications of the Library of Congress says
- Foreign adversary hacked email communications of the Library of Congress.
- The alleged foreign threat actor gained access to email communications between congressional offices and some library staff.
- Email communications between January and September were affected.
- House and Senate email networks, as well as the U.S. Copyright Office systems, were not impacted.
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TechCrunch
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Space tech giant Maxar confirms hacker accessed employees’ personal data
- U.S. space technology and satellite giant Maxar confirms data breach involving employees' personal information.
- Hacker using a Hong Kong-based IP address compromised Maxar's network on October 4.
- Breach discovered a week later, with unauthorized access to files containing employees' personal data.
- Compromised information includes employees' names, addresses, Social Security numbers, and job details.
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Kaspersky
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Simple tips for a safer digital life | Kaspersky official blog
- To make your passwords long and unique, use a password manager.
- Wherever your data is even a tiny bit confidential, enable two-factor authentication.
- Never follow links or open files sent via messenger or email if you don’t recognize the sender.
- Enable automatic updates for your device’s operating system, browser, office applications or other software.
- Only share content that you wouldn’t mind showing on a billboard outside your home.
- Use the privacy settings of social networks and messengers to adjust the visibility of your posts.
- Use Kaspersky Password Manager to manage your passwords and synchronize them across all your devices.
- For maximum security, disable biometric login to the password manager and use a FIDO U2F hardware key.
- To avoid being tricked, never turn off your antivirus or download updates from outside the application's menu or operating system notifications.
- Kaspersky Premium includes a password and one-time 2FA code manager, anti-phishing and anti-malware protection, update management, and leak monitoring.
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Cybersecurity-Insiders
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T Mobile Hacked and info such as call records and police request data breached
- T-Mobile systems were breached by a group of Chinese hackers, known as Salt Typhoon, which may have compromised call records, communication histories, and requests made by law enforcement agencies.
- Customer data was deeply affected, but the company is assessing the extent of damage as the intrusion has compromised the privacy of millions of individuals.
- The breach raised significant concerns about the vulnerabilities of critical communication networks in the US, including call logs, text message histories, and sensitive data, potentially compromising personal privacy.
- Experts believe that the hackers may have been attempting to gather intelligence on key political figures in an effort to sway public opinion or disrupt the electoral process though no definitive evidence has yet emerged.
- The Salt Typhoon group, a Chinese-backed hacking group, has allegedly infiltrated critical infrastructure in the US and other countries, leading to mounting anxiety about the security of national telecom networks.
- Though T-Mobile has refrained from directly attributing previous attacks to any specific group, the latest attack was the first time a Chinese-linked hacking group was formally identified as the likely culprit behind a series of high-profile cyberattacks on US telecom infrastructure.
- China repeatedly denied involvement in the cyberattacks, calling the accusations 'groundless' and 'politically motivated,' blaming the US for conducting widespread surveillance on global communications networks for years.
- The T-Mobile breach serves as a wake-up call to the vulnerabilities within the US telecommunications infrastructure, highlighting the growing need for global cooperation to combat the rising tide of cyberattacks and the increasing threat of digital espionage.
- It remains to be seen what long-term impact the breach will have on T-Mobile's customers, the broader telecom sector, and US national security.
- The incident has further highlighted the growing threat posed by cyberattacks and the increasing need for heightened cybersecurity measures.
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Global Fintech Series
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Why Network Traffic Monitoring is Essential for Robust Cybersecurity in Financial Services
- Network traffic monitoring has become a strategic imperative for financial services firms to maintain reliability, security and regulatory compliance.
- Financial data is an attractive target for cybercriminals, making network traffic monitoring an essential safeguard for the integrity of the financial ecosystem.
- For financial institutions, network traffic monitoring prevents costly outages and shields against security breaches with proactive oversight and detection of bottlenecks, bandwidth constraints, and unusual activity.
- With numerous specialized security monitoring solutions available, banks are equipped to tackle various network management and security demands addressing resource and expertise limitations, balancing time constraints and competing responsibilities, and adapting to stringent regulatory requirements.
- Banks increasingly invest in integrated monitoring tools for patch management, antivirus monitoring, performance monitoring, alert systems, and remote monitoring and management (RMM) tools.
- Banca Marche implemented WhatsUp Gold for seamless network performance and real-time monitoring capabilities, enabling the bank to transition from a reactive to a proactive approach, managing approximately 2,500 endpoints with greater agility and accuracy.
- Financial institutions undergoing rapid digitization of services are exposed to increasingly sophisticated cyber threats such as ransomware, phishing, and insider attacks, requiring a dynamic approach to cybersecurity.
- The rapid digitization of financial services expands the attack surface, exposing institutions to increasingly sophisticated cyber threats such as ransomware, phishing, and insider attacks.
- Financial institutions manage vast amounts of sensitive data, making them attractive targets for cybercriminals seeking financial gain.
- Monitoring tools like Intermapper empower IT teams to respond swiftly, minimizing risks to network reliability and security and some of the world's leading high-frequency trading operations depend on Intermapper to maintain uninterrupted network performance.
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Guardian
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Black Friday turning into Black Fraud Day, says UK cybersecurity chief
- Black Friday is becoming a prime time for scammers, warns UK cybersecurity chief.
- Last Christmas, UK shoppers were scammed out of over £11.5m.
- Criminals are using artificial intelligence to trick shoppers.
- Tips to avoid scams include setting up two-step verification and researching sellers.
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Pymnts
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QR Codes Now Take 20% of All Online Scams
- QR codes are becoming a major gateway for cybercrime, with scams like "quishing" targeting unsuspecting victims.
- Fraudsters replace legitimate codes with fake ones, redirecting users to malicious sites that steal sensitive data. Experts warn that these scams are harder to spot, as QR codes cannot be visually verified.
- To avoid falling victim, consumers should check for signs of tampering, such as damaged or covered codes, and verify the URL before scanning. Businesses are encouraged to adopt secure, encrypted QR codes to reduce fraud risk. With QR codes now involved in over 20% of online scams, vigilance is key.
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Securityaffairs
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Security Affairs newsletter Round 498 by Pierluigi Paganini – INTERNATIONAL EDITION
- A botnet exploits GeoVision zero-day to compromise end-of-life (EoL) devices
- Palo Alto Networks confirms active exploitation of recently disclosed zero-day
- NSO Group used WhatsApp exploits even after being sued by Meta-owned company
- Glove Stealer bypasses Chrome’s App-Bound Encryption to steal cookies
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Medium
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Defining Cryptography In Cyber Security
- Cryptography is the practice of protecting information by transforming it into an unreadable format using an encryption key.
- Cryptography is crucial in preserving data integrity, preventing unauthorized alterations during transmission or storage.
- Cryptography ensures the confidentiality, integrity, and authenticity of information.
- Cryptography plays a vital role in protecting sensitive information by encrypting data, rendering it unreadable without the corresponding decryption key.
- Cryptography is fundamental in verifying the authenticity of users, devices, or entities in digital environments.
- Cryptography is critical element in securing data, communications, and identities in the digital age.
- Cryptography shields information from unauthorized access, safeguarding individuals’ privacy rights in an increasingly digital world.
- Cryptography facilitates the establishment of trust by providing mechanisms for authentication and verification.
- Cryptography acts as a frontline defense against cyber-attacks by preventing unauthorized access, data tampering, and eavesdropping.
- Cryptography drives innovation by enabling secure digital interactions and opening up new possibilities in fields such as blockchain, IoT (Internet of Things), and cloud computing.
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