As risk professionals descended on Airmic 2025, one industry leader called out two critical challenges facing the sector: the sustainability of pricing in property and casualty (P&C) and the growing urgency of tackling cyber risk. “The biggest conversations focussed on the long-term sustainability of pricing in P&C, and how risk managers can deliver greater strategic...Read More
Cybersecurity researchers have uncovered the alleged sale of a sophisticated Malware-as-a-Service (MaaS) botnet that combines legitimate development frameworks with cutting-edge evasion techniques. The threat actor is reportedly offering the complete source code of a botnet that leverages Node.js runtime, blockchain-based command and control infrastructure, and modern web technologies to create a highly resilient and scalable...Read More
The Economic and Financial Crimes Commission (EFCC) has reaffirmed its commitment to dismantling foreign-led cybercrime networks after arresting 177 Chinese nationals during major raids targeting transnational fraud operations in Lagos and Abuja. The arrests, which formed part of a wider crackdown between December 2024 and January 2025, followed the discovery of sophisticated scam centres resembling...Read More
Europol has warned that a surge in demand for data on the cybercrime underground is fuelling an underground economy built on fraud, ransomware, child exploitation and extortion. Published yesterday, its 2025 Internet Organised Crime Assessment report is based on intelligence gathered from the policing group’s own investigations, the EU Serious and Organised Crime Threat Assessment...Read More
New service aims to protect businesses from future quantum threats. Orange Business and Toshiba Europe have launched France’s first commercial quantum-safe network service in Paris. The Orange Quantum Defender, now living in the greater Paris region, aims to shield organisations from cyber threats posed by future quantum computing capabilities. The service combines Toshiba’s Quantum Key...Read More
Ransomware is predicted to cost victims around $275 billion annually by 2031, according to Cybersecurity Ventures. Yet, despite this growing threat, most organizations’ data protection strategies remain narrowly focused on mission-critical systems—typically stored as block data—while neglecting one of the most vulnerable and expansive targets: Unstructured file data. This is because it is way too...Read More
Coco Gauff’s Victory Tour Marred by Cybercrime Attack In a shocking turn of events, tennis sensation Coco Gauff fell victim to cybercrime just days after her historic French Open win. Gauff, who recently clinched her maiden French Open title, discovered that her social media account had been hacked. The 21-year-old took to Instagram to warn...Read More
As Nigeria marks Democracy Day today, the heads of missions of the United States (U.S.), United Kingdom (UK), Canada, Finland and Norway have advised the Federal Government to prevent misuse of the Cybercrimes Act, to protect free speech and economic growth. In an article by Richard Mills (Jr) of the U.S. Embassy, Richard Montgomery of...Read More
More than 1,000 malicious IP addresses in Singapore were taken down during a four-month operation led by Interpol targeting cybercriminal activities around the world, as per reports. Representational image of a hacker. Photo courtesy: Clint Patterson/Unsplash The joint operation, known as Operation Secure, took place between January and April 2025 and involved law enforcement agencies...Read More
Jun 12, 2025Ravie LakshmananEnterprise Security / Active Directory Cybersecurity researchers have uncovered a new account takeover (ATO) campaign that leverages an open-source penetration testing framework called TeamFiltration to breach Microsoft Entra ID (formerly Azure Active Directory) user accounts. The activity, codenamed UNK_SneakyStrike by Proofpoint, has affected over 80,000 targeted user accounts across hundreds of organizations’...Read More
