RANSOMWARE
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.
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.
Banks likely to deploy FCNR(B) liquidity in coming months as festive credit demand rises: RBI Deputy Guv
Reserve Bank Deputy Governor Rohit Jain stated that banks are expected to deploy additional liquidity from FCNR(B) deposits. This deployment is likely driven by anticipated strong credit demand during the festive season. The RBI will not direct banks towards specific sectors for fund utilization, allowing for discretion based on credit proposals. Jain emphasized that credit demand is broad-based across different sectors, indicating a healthy economic environment.
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.
India among countries to lead thematic discussions at counter ransomware initiative meet: White House
Joined by ministers and senior officials from over 30 countries and the European Union to accelerate cooperation to counter ransomware, the two-day meet that ends on Thursday, builds on President Joe Biden's leadership to rally allies and partners to counter the shared threat of ransomware.
Ransomware has reached in the hands of common criminals: Take these steps to stay safe
The number of users attacked by ransomware in India has nearly doubled from 2015-16 to 2016-17, according to a Kaspersky Labs report.
Government issues alert on spread of 'Locky Ransomware'
Ransomware is a malicious software and the Locky Ransomware is learnt to be demanding ransom of half bitcoin, which at present is equivalent to over Rs 1.5 lakh.
Ransomware emerges as the most dangerous cyberthreat facing consumers: Norton by Symantec
Consumer ransomware campaigns are automated, with most attack groups simply attempting to infect as many computers as possible to maximise their returns.
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