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Cyber Security News
Global Fintech Series
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Midwestern Securities and YCharts Forge Strategic Partnership to Boost Advisor Efficiency and Client Engagement
- Midwestern Securities and YCharts have formed a strategic partnership.
- The collaboration provides Midwestern Securities' advisors with access to YCharts' suite of tools and integrations.
- Advisors can streamline operations, enhance client engagement, and enable seamless portfolio management.
- YCharts offers enterprise-wide access, centralizing portfolio management, and providing customizable client engagement options.
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Global Fintech Series
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Identity Fraud Costs Organizations an Average of $7 Million Annually, Says New Research From Docusign and Entrust
- Identity fraud is a growing threat globally and across industries, with over two-thirds of organizations reporting increased fraud attempts.
- Organizations with over 5,000 employees have an annual direct identity fraud cost of $13 million on average.
- AI-assisted fraud is on the rise, with attacks becoming more sophisticated and frequent.
- Organizations recognize the benefits of investing in identity verification solutions, with savings averaging $8 million and a positive impact on their brand.
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Tech Radar
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Royal Mail investigating possible data breach after supplier targeted
- German logistics management firm, Spectos GmbH, has experienced a data breach.
- Possible data breach may have exposed Royal Mail's files.
- GHNA hacking group is claiming to have information belonging to the Royal Mail Group for sale.
- Previous breach by GHNA targeted Samsung Electronics Germany.
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Tech Radar
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Oracle admits second major security breach, user login data stolen
- Oracle has suffered its second cyberattack and user login credentials were stolen.
- The breach occurred in Oracle's IT infrastructure and the stolen data is being sold on the dark web.
- The compromised system was not used for eight years, but recent login credentials were also found.
- The stolen login data poses a risk as many organizations reuse passwords or do not change them frequently.
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Designveloper
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A Complete Guide to Safe and Anonymous Web Hosting
- In a digital age where privacy and security are crucial, anonymous web hosting plays a vital role in protecting websites from spying and cyber attacks.
- Anonymous web hosting enables users to operate sites without revealing personal information, often using cryptocurrencies and offshore jurisdictions for enhanced privacy.
- Key features of secure web hosting include anonymous registration, end-to-end encryption, offshore hosting jurisdictions, DDoS protection, and a no-logs policy.
- Cryptocurrencies like Bitcoin and Monero offer a secure and private payment method for hosting services, ensuring financial privacy for users.
- Selecting the best secure hosting company involves considering data retention policies, jurisdiction, payment options, security features, and independent audits.
- Top privacy-focused hosting providers include Shinjiru, VSYS Host, FlokiNET, and ProtonMail Hosting, offering privacy-friendly solutions.
- Additional security measures like using a secure CMS, implementing strong authentication, regular backups, and monitoring server activity are essential beyond hosting.
- Legal and ethical considerations should be taken into account when using private hosting to avoid engaging in illegal activities and facing legal consequences.
- Choosing a secure web host is crucial in safeguarding sensitive data and maintaining anonymity online, emphasizing the importance of anonymous web hosting in today's digital landscape.
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Global Fintech Series
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Launch Credit Union Fights Back Against Fraud, Saving Over $3.5 Million with Cutting-Edge AI
- Launch Credit Union saved over $3.5 million in 2024 through real-time AI fraud detection implemented by Eveline Tenczar with RembrandtAi®.
- By shifting to real-time fraud detection supported by AI, Launch Credit Union significantly reduced losses, especially in check and card fraud, proving the effectiveness of proactive fraud prevention.
- Eveline Tenczar's expertise and experience in financial crime prevention have been instrumental in reshaping Launch's fraud-fighting strategy, moving away from traditional batch processing methods.
- Launch prevented $2.9 million in check fraud losses, $88,000 in card fraud losses, and over $3.5 million in total fraud losses in the past year alone, demonstrating their commitment to staying ahead of fraudsters.
- Launch's real-time monitoring of transaction trends enabled them to adapt quickly, preventing check fraud and significantly reducing losses to just $34,000 in 2024.
- To combat sophisticated card fraud rings, Launch set up real-time alerts for suspicious ATM withdrawals, effectively stopping fraudulent activities and saving members from financial losses.
- The integration of RembrandtAi® has been pivotal in Launch's success, providing real-time fraud alerts and actionable insights to prevent fraud before it occurs, showcasing the importance of proactive fraud prevention.
- Eveline Tenczar highlights the necessity of proactive fraud prevention over reactive approaches, emphasizing the importance of stopping fraud before financial losses occur.
- Launch Credit Union remains committed to enhancing fraud prevention measures and continuing to lead the way in digital banking, financial services, and innovative fraud prevention strategies.
- Founded in 1963, Launch Credit Union's mission is to empower members through financial security and innovation, serving a large member base across Florida with a focus on eliminating fraud losses as much as possible.
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Medium
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The Daily Tech Digest: 03 April 2025
- Google DeepMind is sharing its approach to safety and security on the path to Artificial General Intelligence (AGI), emphasizing responsible development and addressing potential risks and ethical considerations.
- OpenAI has open-sourced PaperBench, a tool for evaluating the preparedness of AI models, aiming to facilitate more rigorous testing and comparison of different AI models.
- Actively AI has raised $22.5M to offer AI tools for enhancing sales processes, with the belief in AI's potential to transform sales strategies and improve efficiency.
- Nvidia's Blackwell computing platform achieved record-breaking results in MLPerf V5.0 AI benchmarks, demonstrating its superior inferencing power and potential to accelerate advancements in various AI applications.
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Semiengineering
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Tailoring Root Of Trust Security Capabilities To Specific Customer Needs
- Tailoring Root Of Trust Security Capabilities To Specific Customer Needs
- A Root of Trust is the foundation for secure operations in a computing system.
- Chipmakers are offering various levels of security expertise and integration to meet customer needs.
- Rambus provides a three-tiered architecture, allowing customers to tailor security features to their application.
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Semiengineering
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Image Credit: Semiengineering
Auto Sector Leads The Way In IC Security
- Concerns about chip and system security are growing, especially in the auto sector due to overlaps in safety and security, and the increasing value of algorithms in complex systems.
- Implementing security measures varies across designs, causing challenges in developing consistent tools and methodologies for effective security.
- Semiconductor designers often prioritize power, area, and performance over security, leading to a lack of awareness and knowledge about designing for security.
- There is a disconnect between security experts' recommendations and design teams' actions, with security often considered an add-on technology in semiconductor design.
- The automotive industry stands out for prioritizing security standards, driven by safety concerns and the industry's focus on ensuring passenger safety and protecting brand reputation.
- Global regulations are pushing for enhanced security measures in semiconductor designs, creating demand for certified secure solutions and application notes.
- Security measures in chip and system design are crucial as the value of assets, like machine learning models, increases, necessitating robust security measures in the supply chain.
- While automotive industry is advancing security standards, some edge devices in other markets lack robust security measures, making them vulnerable to cyber threats.
- Consumers often lack understanding about security in devices, contributing to the lack of demand for built-in security features, resulting in a race to the bottom in terms of device security.
- Security should be integrated into semiconductor designs early on to achieve defense in depth, ensuring multi-layered protection against security breaches.
- EDA tools play a significant role in identifying security risks and suggesting fixes in semiconductor designs, similar to addressing DFT, power, and safety challenges.
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The Register
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Image Credit: The Register
Customer info allegedly stolen from Royal Mail, Samsung via compromised supplier
- GHNA claims to have stolen customer information from Royal Mail and Samsung via a compromised supplier named Spectos.
- According to GHNA, the stolen data from Royal Mail includes names, phone numbers, physical addresses of senders and recipients, and details about packages.
- Hudson Rock suspects that the data was stolen using compromised login credentials from a previous Raccoon infostealer infection at Spectos.
- The stolen data from Samsung includes 270,000 customer service tickets, containing personal information and communications between Samsung and its German customers.
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Cybersecurity-Insiders
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Image Credit: Cybersecurity-Insiders
Data Breaches and ransomware remain top concerns on World Cloud Security Day
- World Cloud Security Day is celebrated annually on April 3rd to highlight the importance of implementing strong security measures in the cloud.
- A recent survey by Rapid7 reveals the increasing cybersecurity risks in the cloud, including ransomware attacks and data breaches.
- The misconception that cloud security is solely the responsibility of the service provider leads to lax security practices and vulnerabilities.
- To combat these challenges, organizations should adopt a multi-layered security approach and embrace advanced security frameworks.
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TechBullion
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Image Credit: TechBullion
Why Financial Software Security Needs a Food Safety Mindset
- Financial institutions face daily challenges with cyber threats emerging from direct attacks and software supply chain vulnerabilities.
- Regulatory bodies are enforcing stricter compliance frameworks to counter evolving threats, as seen in Executive Order 14028 updates.
- The Payment Card Industry Data Security Standard (PCI DSS) remains crucial for financial institutions to protect customer data and maintain trust.
- Integrating directives from Executive Order 14028 and PCI DSS helps fortify defenses and mitigate cyber risks proactively.
- Many financial firms lack immediate insight into their software supply chains, increasing vulnerability to software supply chain attacks.
- Scribe Security acts as a safeguard for financial software by ensuring code verification and security in the supply chain.
- The company's real-time attestation framework continuously monitors and verifies software components to prevent vulnerabilities.
- Automated verification integrated into CI/CD pipelines by Scribe Security helps prevent security breaches and ensures compliance.
- The automated code signing and attestation-based security validation provided by Scribe Security assist financial firms in managing cyber risks.
- Scribe Security's focus on software security integrity and oversight helps financial institutions protect against emerging cybersecurity threats.
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Medium
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Image Credit: Medium
Access Networks: The Backbone of Internet Connectivity
- Access networks can be categorized into wired and wireless technologies.
- Wired networks use physical cables for high-speed connectivity, while wireless networks offer mobility and convenience.
- DSL, twisted pair cables, coaxial cables, and fiber optics are examples of wired access technologies.
- Wi-Fi, cellular networks, and satellite networks are examples of wireless access technologies.
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Medium
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Image Credit: Medium
Cyber Blackouts: The Invisible Threat That Could Shut Down the World
- Cyber blackouts, large-scale disruptions of critical infrastructure due to cyberattacks, technical failures, or geopolitical conflicts, pose an increasing threat to modern society.
- These blackouts can cripple entire infrastructures, affecting essential services and posing threats to national security.
- They can be triggered by state-sponsored hacker groups or well-organized cybercriminals using advanced techniques.
- To mitigate the risk of cyber blackouts, it is important to enhance cybersecurity measures and strengthen the resilience of critical infrastructure.
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Medium
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Image Credit: Medium
Choose The Most Advanced VPN For Optimal Privacy
- A VPN is essential for enhancing online security and privacy in the digital landscape, protecting your data from cyber threats and surveillance.
- NordVPN is highlighted as a top choice for its comprehensive features supporting optimal privacy, speed, and user satisfaction.
- NordVPN offers fast connection speeds, user-friendly interface, and protection for up to 10 devices with advanced cybersecurity measures.
- The service frequently provides discounts, offering users significant cost savings and a 30-day money-back guarantee for risk-free trials.
- NordVPN simplifies installation across various devices and offers global server coverage for consistent performance and access to localized content.
- Customer support is available 24/7 through live chat and email for prompt assistance with setup, troubleshooting, or any questions.
- NordVPN stays updated with regular patches to combat emerging cybersecurity threats, ensuring ongoing protection for user privacy and data.
- Choosing a VPN like NordVPN means committing to continuous advancements in technology to safeguard your private information.
- It's crucial to assess your individual needs when selecting a VPN, whether focusing on security features or streaming capabilities.
- In conclusion, NordVPN offers advanced technology, speed, and support, making it a leading choice for online privacy in the digital era.
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