REUTERS FILE PHOTO MANILA, Philippines — One in every four companies in the Philippines has paid over $500,000 to recover their information technology (IT) systems from ransomware attacks. The amount also covers the cost of building up firewalls against future digital threats, according to Fortinet. Rashish Pandey of Fortinet told the Inquirer that cybercriminals are […]

Hyderabad: A 68-year-old pensioner from Secunderabad lost Rs 61.95 lakh after falling victim to an online trading scam. The victim has lodged a complaint with the Hyderabad city cyber crime unit. According to the complaint, the ordeal began on March 27 when he made an initial investment of Rs 21,000 on a trading platform. In […]

New ransomware payment reporting rules have come into effect in Australia from today (May 30), applying to all organizations with an annual turnover of AUS $3m ($1.93M). The provisions, outlined in Australia’s Cyber Security Act 2024, also apply to private companies that operate critical infrastructure assets in the country. Applicable organizations must report any ransomware […]

A Seattle cancer facility has agreed to fork out around $52.5 million as part of a class action settlement linked to a Thanksgiving 2023 cyberattack where criminals directly threatened cancer patients with swat attacks. The Fred Hutchinson Cancer Center (Fred Hutch) disclosed its November 2023 attack a month later, after it confirmed that criminals had […]

COMMENTARY: Over the past several weeks, the retail sector has faced a significant wave of cyberattacks that targeted UK household names such as Marks & Spencer (M&S), Co-op, and Harrods—and more recently a breach that hit German-based Adidas.Just yesterday, news broke that Ohio-based Victoria’s Secret sustained a cyber incident that forced it to shut down its […]

As cyber threats grow more advanced and pervasive, lawmakers and industry leaders are considering ways to shift cybersecurity burdens from victims to software providers, while at the same time deepening public-private partnerships to counter national security risks.  Industry leaders representing some of the country’s largest technology and cybersecurity companies testified about those strategies at a […]

Cisco Talos has uncovered a series of malicious threats masquerading as legitimate AI tool installers, targeting unsuspecting users and businesses across multiple industries. These threats, including the CyberLock and Lucky_Gh0$t ransomware families, along with a newly identified destructive malware dubbed “Numero,” exploit the growing popularity of AI solutions in sectors like B2B sales, technology, and […]

The Federal Criminal Police Office of Germany (Bundeskriminalamt or BKA) claims that Stern, the leader of the Trickbot and Conti cybercrime gangs, is a 36-year-old Russian named Vitaly Nikolaevich Kovalev. “The subject is suspected of having been the founder of the ‘Trickbot’ group, also known as ‘Wizard Spider,’” BKA said last week [English PDF], after another […]

Federal authorities have launched an investigation in an effort to discover who secretly tried to impersonate White House Chief of Staff Susie Wiles. According to The Wall Street Journal, an unidentified individual gained access to Wiles’ personal cell phone contacts and began impersonating her. The individual used AI-generated voice technology and spoofed phone numbers to […]