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Cyber Security News

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Fintechnews

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Proposed Bill Could Allow Police to Restrict Bank Accounts of Potential Scam Victims

  • The Protection from Scams Bill empowers the Singapore police to temporarily restrict banking transactions of potential scam victims.
  • The measure is used as a last resort when persuading the potential victim has failed.
  • The restrictions primarily target online and telecommunication scams.
  • Individuals under restriction can apply to access their funds for essential needs.

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Global Fintech Series

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Sekady and Liquid Logics Forge Partnership to Enhance Workflow Automation and Security for Private Lenders

  • Sekady and Liquid Logics have formed a partnership to enhance workflow automation and security for private lenders.
  • Sekady's draw management and payment platform will be integrated with Liquid Logics' loan origination software.
  • This collaboration aims to reduce manual errors and inefficiencies, streamline loan management operations, and enhance security.
  • The partnership enables lenders to stay focused on growth while being supported against fraud and operational bottlenecks.

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Amazic

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9 Ways to Handle Secrets Management for Multi-Cloud Setups: Rotation, Auditing, and Access Control

  • Gartner suggests that new security threats are among the biggest pain points for CIOs across businesses.
  • Secrets management is an essential part of cybersecurity strategy for multi-cloud infrastructure.
  • Managing secrets requires ways to protect them from breaches and unauthorized access and monitor their usage.
  • Three main methods—rotation, auditing, and access control—can ascertain such proactiveness and vigilance in secrets management.
  • Nine ways to implement these techniques are discussed with their contrast for different cloud vendors, namely AWS, Azure Cloud, and GCP Cloud.
  • Secret rotation is the first line of defense where the secrets are consistently rotated or updated to minimize, if not eliminate, any breaches.
  • Secret auditing allows security teams and cloud management experts to track when API tokens, encryption keys, and other such secrets were accessed and used for any services.
  • Access control is critical for multi-cloud-based secrets management as it helps implement the principle of least privilege on the secrets.
  • Multi-cloud infrastructure is one of the most sensible choices for businesses when dealing with cloud computing.
  • Secrets management is necessary to maximize multi-cloud's potential while ensuring top-notch security and compliance.

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Fintechnews

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The Top Payment Fraud Trends in 2024

  • The top payment fraud trends in 2024 have been highlighted in a report by Visa Payment Fraud Disruption (PFD). The report states that cybercriminals are increasingly leveraging AI to perpetuate fraud. Threat actors are also increasingly using AI to conduct reconnaissance on individual victims or victim organizations by scraping available information. The report highlights the surge of PRA attacks and the sharp rise in physical theft, where criminals would exploit the delay between theft and victim awareness. Ransomware and data breaches decreased in H1 2024. However, the overall number of individual ransomware and data breach incidents tracked by Visa PFD decreased by 12.3% in H1 2024 compared to H2 2023.
  • PRA attacks result in potential losses of nearly US$184,000 for Visa's issuing partners, reflecting an increase in the average cost of 58% compared to H2 2023.
  • Another trend highlighted in the report is a resurgence of physical theft. A new form of fraud, known as "digital pickpocketing", has emerged.
  • In H1 2024, Visa PFD's Global Risk Investigations (GRI) team recorded a 6% decrease in digital skimming incidents targeting either e-commerce merchants or third-party providers, compared with H2 2023.
  • The team observed a shift in focus, with the number of digital skimming attacks targeting third-party providers declining by a staggering 83% compared with H2 2023.
  • Ransomware and data breaches are still a significant challenge, particularly as attackers are increasingly targeting third-party service providers to access more customer accounts at once.
  • Digital skimming continues to be a prominent threat this year.
  • Threat actors create a fraudulent merchant using merchant ecosystems, and register a mobile device as mPOS terminal to initiate a card-present-transaction on the mPOS.
  • Visa PFD opened a record number of PRA investigations, accounting to 81% increase from H2 2023.
  • Threat actors have been observed discussing the release of new AI technology, including malicious versions of AI chatbot programs in cybercrime underground marketplaces.

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Medium

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Role of Artificial Intelligence

  • Artificial intelligence (AI) has become indispensable in cybersecurity.
  • AI-powered threat detection helps identify and mitigate evolving cyber threats.
  • User and entity behavior analytics (UEBA) enhances the AI's ability to detect threats.
  • Attackers are also using AI in cyber-attacks, including deepfake attacks, DoS attacks, and advanced persistent threats (APTs).

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Siliconangle

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Israeli cybersecurity firm Upwind reportedly in talks to raise $100M on up to $900M valuation

  • Israeli cybersecurity firm Upwind Security is reportedly in talks to raise $100 million in funding.
  • The funding round is expected to value the company between $850 million and $900 million.
  • Upwind Security offers a cloud-native application protection platform that secures cloud infrastructure and mitigates risks.
  • The platform combines runtime data with build-time insights, providing efficient and unified cloud protection.

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Medium

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Shop For Private VPN

  • Virtual Private Network (VPN) creates an encrypted connection between your device and the internet that safeguards your data from prying eyes.
  • NordVPN is a cornerstone in the VPN landscape, boasting a plethora of features designed to protect your online presence.
  • NordVPN’s encryption is so robust that even the most powerful computer would take billions of years to decrypt your data, safeguarding your devices from malware while keeping your online activities secure.
  • A premium VPN like NordVPN gives you control over your personal data and allows you to actively control who can access your data.
  • NordVPN can protect up to ten devices simultaneously, ensuring that your smartphones, tablets, and laptops all benefit from that robust layer of security.
  • NordVPN offers features such as safe browsing by guarding against trackers and unsafe websites and a premium password manager to generate and store your passwords, making it simpler and easier.
  • NordVPN has the option to encrypt and back up your files in the cloud, making your information easily accessible when you need it, and secures it from unauthorized access.
  • When shopping for the right VPN, consider the features that matter most to you, such as how you use the internet, price, user reviews, and excellent customer support.
  • Effective customer support is a requirement, and NordVPN offers round-the-clock support, ensuring you’re not left in the dark if something goes awry.
  • Embracing the digital age doesn’t mean sacrificing your security. A private VPN like NordVPN can become essential to your online arsenal for peace of mind.

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Identityiq

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What to Do If My Email Is Found on The Dark Web?

  • If your email address is found on the dark web, it's important to take precautions to protect your accounts.
  • Check your online history or use websites that scan for breaches to determine if your email is on the dark web.
  • Contact your email provider, change your password, update your software, and consider changing your email address.
  • Hackers want your email address to send spam, harvest your mailbox, or gain access to your accounts.

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Medium

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ExeQuantum and ToothFairyAI Partner to Revolutionise Cybersecurity with Cutting-Edge AI Solutions

  • ExeQuantum and ToothFairyAI have partnered to develop an autonomous Cybersecurity AI agent.
  • The agent will merge ExeQuantum's cybersecurity framework with ToothFairyAI's autonomous AI technology.
  • It will provide cutting-edge tools to enhance organizations' cyber defenses and ensure data privacy and protection.
  • The partnership aims to create adaptable, AI-powered cybersecurity systems that anticipate future challenges.

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Addicted2Success

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5 Ways Cyber Security Planning Will Help Your Business Succeed

  • Being online is like leaving your front door open if you don’t have the proper security measures in place.
  • Cybersecurity planning is all about being strategic in protecting an organization’s digital assets, data, and operations from cyber threats.
  • With assessing risks, the first order of business is establishing where valuable digital assets are stored and who has access to them.
  • A solid continuity and disaster recovery (BCDR) plan can help your business operations continue in case of a cyberattack or other disasters.
  • Cyber insurance is a must-have. It can cover everything from data breaches to business interruptions.
  • Implementing strong cybersecurity measures can make it easier to build trust with customers and separate businesses from the crowd.
  • We need to get familiar with cybersecurity laws and make sure we comply with them, or else we face penalties for non-compliance.
  • Regular audits of cybersecurity plans can help identify any gaps in compliance programs and give the team a chance to make corrections before regulators come knocking.
  • The right cybersecurity posture can go a long way in building a resilient business.
  • Consulting with IT experts or other tech gurus can help develop cyber defense plans that fit the business needs to a T.

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Medium

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The Exploits of iPhones Mysteriously Rebooting: A High-Tech Twist in Law Enforcement

  • Law enforcement officers are experiencing issues with iPhones mysteriously rebooting.
  • The cause of the reboots may be a new security feature in iOS 18.0 or a reboot feature in later updates.
  • Experts highlight the importance of identifying affected devices to prevent data loss and protect evidence integrity.
  • This incident raises concerns about the balance between user privacy and investigative requirements.

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Medium

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Become a Guardian of Privacy: A Step-by-Step Guide to the $CLONE Airdrop

  • Confidential Layer is launching the Guardians of Privacy campaign, offering participants the chance to earn exclusive $CLONE tokens.
  • The campaign is gamified, with participants completing tasks and collecting Privacy Cards to unlock higher rewards.
  • There are four portals in the campaign, each offering unique opportunities to earn rewards and advance in the quest for privacy empowerment.
  • By collecting all six Guardians of Privacy cards, participants can unlock the prestigious Mythical Card and gain a share in 40% of the airdrop pool.

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Tech Radar

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Google Chrome extensions remain a security risk as Manifest V3 fails to prevent data theft and malware exploitation

  • Recent research shows that Google Chrome extensions built on Manifest V3 (MV3) still pose security risks.
  • Malicious extensions can bypass security measures and steal data, access sensitive information, and introduce malware.
  • Security solutions struggle to detect these malicious extensions, leaving users exposed.
  • SquareX proposes solutions to improve browser extension security, including fine-tuned policies and dynamic analysis.

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Medium

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NordVPN malware protection review

  • NordVPN offers cutting-edge malware protection to secure your online presence and browsing experience.
  • Malware threats, including viruses, worms, and spyware, can be countered with NordVPN's robust security features.
  • NordVPN stands out among competitors, offering seamless streaming, optimized online security, and positive user feedback.
  • With a user-friendly interface, 30-day money-back guarantee, and availability on various devices, NordVPN ensures reliable privacy and security.

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Medium

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Private VPN Services For Sale

  • Private VPN services offer a secure tunnel between your device and the internet and mask your IP address and virtual location to enable secure and private online browsing. NordVPN is a reliable VPN service that enables high-speed connectivity, offers privacy, security, and password management features, as well as cloud storage for backing up encrypted files. It blocks malicious websites, stops web trackers, and monitors data leaks, allowing for the safe navigation of the online environment. NordVPN provides convenience to users, enabling secure browsing across ten devices simultaneously and a range of subscription plans at competitive prices.
  • The reliability and efficacy of NordVPN make it a commendable choice for those looking to safeguard their online privacy and security. The service uses military-grade encryption to protect user data, and its robust technology allows for high-speed connectivity. Furthermore, NordVPN offers comprehensive security features such as cloud storage, password management, and file encryption, as well as competitive pricing and promotional discounts that make secure online browsing accessible to everyone.
  • Using a private VPN service like NordVPN offers a sense of security and privacy that is essential in the digital age, where online browsing carries various risks. NordVPN blocks malicious websites, stops web trackers, and monitors data leaks to protect user data and ensure the safe navigation of the online environment. Its reliability and robust technology make it a commendable choice for those looking to safeguard their online privacy and security.
  • NordVPN enables users to protect their online privacy and security through its comprehensive security features that include password management, file encryption, and cloud storage, among others. It also offers high-speed connectivity, enabling users to browse the web with speed and efficiency, and access to various subscription plans that cater to different user needs and budgets.
  • With a private VPN service like NordVPN, users can enjoy secure, private, and fast online browsing across ten devices simultaneously. The service uses military-grade encryption to protect user data and blocks malicious websites, stops web trackers, and monitors data leaks to ensure the safe navigation of the online environment. The reliability and accuracy of NordVPN make it a commendable choice for those looking to safeguard their online privacy and security.
  • NordVPN is a reliable VPN service that offers users comprehensive security features that include password management, file encryption, and cloud storage, among others. It enables high-speed connectivity, allowing for fast and efficient online browsing and blocks malicious websites, stops web trackers, and monitors data leaks to protect user data. With its competitive pricing and promotional discounts, secure online browsing is accessible to everyone.
  • Investing in a private VPN service like NordVPN offers peace of mind as it enables secure, private, and fast online browsing. NordVPN uses military-grade encryption to protect user data, and its robust technology enables high-speed connectivity and blocks malicious websites, stops web trackers, and monitors data leaks.
  • NordVPN is a commendable choice for those looking to safeguard their online privacy and security. It offers comprehensive security features, high-speed connectivity, and access to various subscription plans at competitive prices. With NordVPN, users can browse the web with confidence, knowing their data is secure and private.
  • NordVPN is a reliable VPN service that allows for secure, private, and fast online browsing. Users can protect their data through the service's comprehensive security features, which include password management, file encryption, and cloud storage. With NordVPN, users can browse the web with confidence, knowing their data is secure and private.
  • NordVPN enables users to navigate the online landscape without fear of security breaches or online tracking. It offers secure and private online browsing through its comprehensive security features, high-speed connectivity, and access to a range of subscription plans and promotional discounts.

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