CROWDSTRIKE HACK
Amagi, Shiprocket post profits; US polls’ impact on IT
Amagi’s Q2 profit surged nearly 30x while Shiprocket swung into the black for the first time. This and more in today’s ETtech Top 5.
India flags Chinese-linked AI tools in hacking campaign against financial firms
India's cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at least two of them linked to China, adding India to a growing list of countries where
PB Fintech, Delhivery improve Q2 profits; Binance's $6.3 billion caper
PB Fintech on Friday reported a strong jump in profit and revenue for the July-September quarter. This and more in today’s ETtech Top 5.
AI’s 3-week blitz digs up 14,000 security flaws in open-source software
Google Cloud’s Mandiant team reported a similar acceleration in vulnerability discovery. In August, it said that its AI-assisted system had identified more than 100 confirmed critical vulnerabilities in two days during an investigation involving stolen corporate code repositories.
Banking watchdogs ramp up AI scrutiny as stability fears mount, sources say
Banking regulators are intensifying their oversight of AI risks that could affect financial stability and cyber security. The Federal Reserve, European Central Bank, and Bank of England are probing banks about their AI usage. Concerns are rising about potential damages from cyber threats involving advanced AI models.
Chinese AI tool pulled to prevent 'misuse' after South Korea hacks
In light of alarming bank hacks, the Chinese AI cybersecurity tool Artex has been taken offline. Major data breaches affecting tens of thousands of clients have been reported by South Korean banks. The developer has opted for a closed-source model. Investigations hint at a financially-driven individual in China being behind the attacks, raising concerns about the risks of open-source tools in the cybersecurity realm.
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South Korea, Japan buffeted by hacks as AI lowers bar for cybercriminals
Nine South Korean banks and two mega-churches are probing cyberattacks that may have involved AI tools, while Japanese companies including Daiwa Securities, SoftBank Corp and the Lawson convenience store chain have been hit by a recent surge in cyber incidents.
Chinese developer makes ARTEX AI agent closed-source after Korean bank hack
The Chinese developer of ARTEX said they have converted the AI agent to a closed-source project after cybersecurity firms identified it as a tool used in a recent cyberattack campaign against South Korean banks.
Suspect behind South Korea bank hacks may be 26-year-old in China, CrowdStrike says
The suspect behind recent cyberattacks targeting South Korea's financial sector may be a 26-year-old based in China's Guangdong province, US cybersecurity firm CrowdStrike said.
Major tech companies call for defensive surge to defeat AI-driven hacks
It called on governments to expedite trusted access programs, which give certain companies access to more powerful models ahead of the general public, and for all other organizations to "make cyber defense an immediate leadership priority."
CrowdStrike raises annual revenue forecast on strong cybersecurity demand
CrowdStrike is a cloud-native cybersecurity software firm that helps businesses protect their computers, cloud systems, accounts and data from cyberattacks.
Chinese hackers pose biggest espionage threat to tech firms, CrowdStrike says
China-linked hackers presented the largest espionage threat to technology firms in the past year. This surge coincides with significant investments in artificial intelligence. The technology sector remains a prime target for foreign governments and cybercriminals. North Korean, Russian, and Iranian hacking groups also pose threats. Financially motivated cybercriminals also increased their targeting of tech firms.
'Forest Blizzard' vs 'Fancy Bear': Microsoft, Google, Crowdstrike hope to untangle weird hacker nicknames
Microsoft, CrowdStrike, Google, and Palo Alto Networks are collaborating to create a public glossary of state-sponsored hacking groups, aiming to standardize the confusing array of nicknames currently used. This initiative seeks to improve clarity and accelerate collective defense against cyber threats.
SentinelOne misses quarterly profit estimates, shares fall
Investors have come to expect strong results from cybersecurity companies as the growing threat of high-profile online hacks and data breaches has boosted the demand for digital protection services. Both Palo Alto and CrowdStrike reported strong quarterly results last month.
CrowdStrike cuts forecasts as Windows outage weighs on new deals
CrowdStrike revised its revenue and profit forecasts following a global outage caused by a faulty software update in July. The outage affected 8.5 million devices and led to flight cancellations. The company expects a challenging year ahead but aims to rebuild trust with customer support packages.
CERT-In says global outage being leveraged to launch phishing attacks against CrowdStrike users
The world suffered a major computer systems outage on July 19 due to a faulty update to the CrowdStrike Falcon Sensor software leading to crash of Microsoft Windows operating system. The event grounded numerous flights, hit business, banking and hospital systems across the globe including in India.
Global outage being leveraged to launch phishing attacks against CrowdStrike users, says CERT-In
The Indian cybersecurity agency, CERT-In, has issued an alert about a phishing attack targeting users affected by the recent global computer outage. Attackers are impersonating CrowdStrike support staff to trick users into installing malware disguised as recovery tools.
What exactly led to the Microsoft global outage? CrowdStrike finally shares major details
CrowdStrike, the cybersecurity firm that works for Microsoft's overall cyber protection for its applications and services, has revealed some major details around what led to the massive global IT outage, that affected businesses and services all across the globe.
CrowdStrike issues warning on hacking threats as Microsoft outage continues creating havoc
The damages incurred from the massive global outage due to a Microsoft CrowdStrike issue has still not waned yet, with multiple institutions still recovering from the technical issues. Meanwhile, CrowdStrike has warned about hacking threats that may affect users amid this outage scenario.
Microsoft's CrowdStrike issue can take weeks to fix, claim experts; Here's what you can do in the meantime
Microsoft is currently in the headlines for all the wrong reasons after a global outage of its applications and services shook the entire world. Passengers were left stranded at airports, banks and stock markets came to a halt, while everything else was in pandemonium. Now, experts are saying that the CrowdStrike issue due to which everything transpired, would take weeks to fix.
How a faulty CrowdStrike update crashed computers around the world
The issue with the update released by CrowdStrike, impacting computers using Microsoft's Windows operating system, was clarified by CrowdStrike as not a hacking incident or cyberattack. CrowdStrike apologised for the issue and assured users that a solution was being prepared. Although not all users utilise CrowdStrike's Falcon platform, it is a prominent cybersecurity provider, especially in critical sectors like transportation, healthcare, and banking, where system reliability is paramount.
Microsoft Outage: How a fake CrowdStrike tweet became a major player in the Windows outage drama
A global Microsoft outage caused by a faulty CrowdStrike update led to widespread disruptions across key infrastructures. Satirical writer Vincent Flibustier’s viral tweet claiming responsibility added to the confusion. This article delves into the incident, the viral prank, reactions, and the ongoing recovery efforts.
CrowdStrike chaos could prompt rethink among investors, customers
CrowdStrike's botched software update caused global outages, dropping its stock by 11% and impacting services. Valued at $83 billion, with 30,000 subscribers, it faces competition from Palo Alto Networks and SentinelOne. Analysts, including Wedbush's Dan Ives, noted CEO George Kurtz's apology on X. Gusto’s Ben Bernstein supports CrowdStrike, emphasizing system vulnerability and diversification.
CrowdStrike: All you need to know about cybersecurity giant behind global IT outage
CrowdStrike, the cybersecurity company behind a massive global IT outage, is the leader in its sector, known for building software defenses for the cloud computing age and exposing Russian and North Korean threats. But cloud computing giants Microsoft, Amazon and Google provide their own cybersecurity software and are also rivals.
Why did Trump bring up CrowdStrike in his 2019 call with Ukraine’s Zelenskyy?
A global IT outage on Friday, impacting airports, banks, and other businesses, has been traced to a software issue from cybersecurity firm CrowdStrike. The glitch, linked to a Windows update, has led to significant disruptions, including flight cancellations and service interruptions. CrowdStrike has confirmed that the issue is not a security breach. The problem affects only Windows systems, with other platforms remaining operational.
What is the Microsoft cloud outage all about? What all have been impacted by it? Here's all you need to know
Microsoft IT issue has taken the world by storm as banks, TV broadcast and even airplanes have come to a standstill due to this major tech problem. Major businesses and institutions are also facing the wrath of this issue, that is revolving around Microsoft cloud.
Global outage hits cybersecurity firm Crowdstrike: report
State broadcaster ABC said it was experiencing a "major network outage", without giving a reason. In a pre-recorded message played on Sky News Australia as regular programming was disrupted, correspondent Tom Connell said the outage was not believed to the result of a hack.
Crypto theft: North Korea hackers breach US IT company to target cryptocurrency firms
The hackers broke into Louisville, Colorado-based JumpCloud in late June and used their access to the company's systems to target its cryptocurrency company clients in an effort to steal digital cash
Suspected Chinese hackers tampered with widely used customer chat program
The Chinese government rejected the claim. In an email, Chinese Embassy spokesperson Liu Pengyu said officials in Beijing "firmly oppose and crack down on all forms of cyber hacking in accordance with the law" and that the United States "has been loudly active in fabricating and spreading lies about so-called 'Chinese hackers.'"
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