RANSOMWARE ATTACK
Are Russia, China, Iran planning to carry out large scale cyberattacks bigger than Europe supermarket fridges hacking? Top Britain official reveals shocking details
Moscow, Beijing and Tehran have all repeatedly denied similar accusations of malevolent cyber actions in the past.
Hackers are targeting something the world can't do without: Food
A series of cyberattacks have affected supermarket refrigeration systems in multiple European countries, leading to food spoilage. These attacks, described as deliberate attempts to disrupt the food supply chain, raised concerns among retailers and consumers alike. Various security vulnerabilities in connected refrigerated systems have been exploited, underscoring the need for better cybersecurity measures. No group has claimed responsibility for the attacks; however, state backing is being investigated.
UK cyber chief says the UK will face AI cyberattacks on critical infrastructure by 2028
The UK's National Cyber Security Center warns of potential AI-driven cyberattacks targeting critical infrastructure by 2028. Increased sophistication in cyber activities from states like China and Russia poses significant risks. Past incidents highlight vulnerabilities in key sectors such as manufacturing and energy. Organizations must invest in cybersecurity measures to protect against these emerging threats. Failure to act could jeopardize essential services and compromise national security.
Cyberattacks on banks, including AU Small Finance Bank, worry insurers as claim risks rise
Cyberattacks targeting financial institutions have raised concerns about security vulnerabilities and potential losses. AU Small Finance Bank is investigating a possible data breach involving customer information stored on Salesforce. Insurers have recently reported an increase in cyber incidents affecting banks and manufacturers over the past few months. The extent of these breaches and the impacted customer count are still under investigation.
Largescale cyberattacks test the limits of insurance cover
While businesses rush to enhance their cyber insurance cover, the incidents have triggered a debate over whether existing policies adequately cover emerging cyber risks. The biggest question insurers are policyholders seem to be confronting is: who pays when a vulnerability exposes thousands of organisations to the same threat?
Regional rural banks to set up cybersecurity centres, develop threat intel
Regional rural banks are set to improve their cyber security through the establishment of cyber security operations centres. They will also develop capabilities for vulnerability assessments and incident response as part of the reform agenda. The Financial Stability and Development Council plans to enhance cyber security measures following previous ransomware attacks. New initiatives will include implementing enterprise data warehouse solutions for better data management and reporting.
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Indian patch patrol sets out to resolve PHP risk
Two critical security flaws in PHP, the programming language underpinning an estimated 70% of the internet, have triggered emergency cybersecurity measures in India. Banks are auditing applications and preparing backups, while the government is patching official websites. Razorpay has deployed AI-led vulnerability detection and warned merchants about potential breaches.
PHP security vulnerabilities: Indian govt rushes to fix official websites, banks audit apps
Banks have begun auditing applications for weaknesses, taking some non-critical services offline and preparing backups to divert traffic if parts of their websites or mobile applications experience downtime, according to executives.
Cyberattacks on critical financial infra could disrupt payments, credit and market confidence, IMF warns
Cyberattacks targeting critical financial institutions and market infrastructure could disrupt essential financial services and undermine market confidence, the International Monetary Fund (IMF) has warned, identifying cyber threats as a growing systemic risk as financial services become increasingly digital and interconnected.
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.
FBI data breach is getting personal: Why ShinyHunters’ alleged hack has agents fearing stolen home addresses, family details and medical records could put families at risk
The records stolen from the FBI include blood test results, spouse names, and home addresses. Thousands of agents face the reality that their private information sits on darknet servers. The hacking group ShinyHunters claims responsibility for breaching the bureau’s systems on Monday. They shared concrete samples to verify their access.
Worries about an AI internet takeover gain new urgency among doomsday scenarios
What companies have described as their AI agents going rogue has involved bots working toward goals set by humans, skeptics note. But the idea that AI could break away and work toward its own agenda is looking increasingly plausible to other researchers and experts.
Poor data sharing undermining EU cyber defences, auditors say
The 27-nation bloc was investing more and more in cybersecurity - with €1.4 billion ($1.61 billion) in its current budget - and improving cooperation, according to the court, which reports on how effectively the EU spends money.
Gaganyaan astronaut explains why AI sovereignty is crucial for national cybersecurity
Prasanth Balakrishnan Nair, a Gaganyaan astronaut, underscored the necessity of AI sovereignty for bolstering national cybersecurity. He remarked that upcoming conflicts will significantly merge the digital and physical domains. Nair praised India's technological achievements highlighted by the Chandrayaan-3 mission's success. He called for the responsible use of AI to enhance citizens' well-being, pointing out Kerala's remarkable capacity to address both national and international tech needs.
Nearly half of retail ransomware attacks stem from unknown security gaps: Report
Retailers are grappling with major cybersecurity threats. Unknown weaknesses fuel ransomware attacks, with many paying hefty ransoms. While data encryption rates have dropped, attackers are shifting to data theft. Internal expertise gaps and protection coverage issues persist. Sophos urges proactive measures to safeguard businesses against evolving cyber dangers.
UK plans to ban public sector bodies from paying ransom to cyber criminals
Britain is set to prohibit public sector bodies and critical infrastructure operators from paying ransom demands to cybercriminals, following a series of high-profile ransomware attacks, including those targeting the NHS and British Library. The government aims to dismantle the cybercriminal business model and safeguard essential services by implementing a ransomware payment prevention regime and mandatory incident reporting.
Tata Tech Ransomware Attack: IT services restored after hack
Tata Technologies: Tata Technologies has confirmed a ransomware attack that temporarily disrupted some IT services, which have now been restored. The company is investigating the cause while ensuring data security. Meanwhile, ahead of the Union Budget, Tata Technologies has called for increased investment in Industry 4.0 upskilling to support India’s economic growth. CEO Warren Harris emphasised the need for innovation-driven policies, R&D incentives, and skill development to prepare a future-ready workforce in emerging technologies.
UPI, IMPS, retail payments of some banks temporarily unavailable due to ransomware attack on tech-provider
UPI payments: Ransomware attack on C-Edge Tecnologies who manages systems of certain specified banks. As per NPCI's advisory note, "To prevent larger impact to the payment ecosystem, NPCI has temporarily isolated C-Edge Technologies from accessing the retail payment systems operated by NPCI. Customers of banks serviced by C-Edge will not be able to access payment systems during the period of isolation."
How can Indian SMEs combat ransomware attacks?
The average ransom soared to $1.54 million in 2023, nearly doubling from the previous year. Cybersecurity experts stress the urgent need for proactive defense strategies, including raising awareness, investing in robust infrastructure, implementing strong access controls, and developing incident response plans.
Alliance of 40 countries to vow not to pay ransom to cybercriminals: US
In ransomware attacks, hackers encrypt an organisation's systems and demand ransom payments in exchange for unlocking them. Often they also steal sensitive data and use it to extort victims and leak it online if the payments are not made.
Ransomware attack on AIIMS Delhi servers deliberate, targeted; NIA probe on: MoS IT
The National Investigation Agency (NIA) is investigating the "deliberate and targeted" ransomware attack on the servers of AIIMS Delhi, Minister of State for IT Rajeev Chandrasekhar said on Thursday.
Ransomware attack on AIIMS a conspiracy, planned by forces that are significant: MoS IT Chandrasekhar
"It is clearly a conspiracy and it has been planned by forces that are pretty significant. It is a sophisticated ransomware attack. We will wait for the outcome of CERTin and NIA (National Investigation Agency) before we come to conclusion on who is behind the ransomware attack," Chandrasekhar said.
Top threat: Ransomware attacks saw a 13% spurt globally
This is based on an analysis of 23,896 security incidents, of which 5,212 were confirmed breaches.
Spicejet faces ransomware attack; flights impacted
"Certain SpiceJet systems faced an attempted ransomware attack last night that impacted and slowed down morning flight departures today. Our IT team has contained and rectified the situation and flights are operating normally now," the SpiceJet said.
Data, kidnapped
We take a closer look at ransomware attacks that has grown from a cottage industry for crooks into a multi-billion-dollar racket and global security threat.
Ransomware attack hits 4 Asian countries of AXA subsidiary
The ransomware attack impacted information technology operations in Thailand, Malaysia, Hong Kong and the Philippines
Seqrite predicts increased ransomware attacks on healthcare and pharmaceutical sector in 2021
umerous hospitals, COVID-19 research firms, and pharma companies have fallen victim to ransomware in the last quarter of ‘20, making it necessary for them to adopt or deploy a comprehensive set of security solutions.
Cognizant hit by 'Maze' ransomware attack
Ransomware is a type of malicious program used by hackers to take control of files in an infected system and then demand hefty payments to recover them. The Maze ransomware was discovered in 2019 and has since gained notoriety.
India ninth most impacted by ransomware attacks: Symantec
India ranks as the ninth most impacted region by ransomware with other countries like the US, Japan, the UK, Italy and Germany topping the charts.
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