Cybersecurity

eCommerce payment fraud losses to reach $20 billion in 2021

As our lives become more and more integrated within the digital realm, cyber gangs behind economic crimes have been quick to capitalize on this shift by tailoring scams to fit our changing lifestyles. These cyber criminals have also adapted to the continuously rising trend of online shopping and remote working by impersonating parcel delivery companies, […]

Facebook says it halts hackers tied to Palestinian security

Facebook said Wednesday it has broken up a hacker network used by Palestinian President Mahmoud Abbas’ intelligence service in an attempt to keep tabs on journalists, human rights activists and government critics. The report by the social networking giant threatened to deal another embarrassing blow to Abbas’ Fatah party weeks ahead of parliamentary elections. Fatah, […]

US takes new aim at ransomware after costly year for attacks

The Justice Department is taking new aim at ransomware after a year that officials say was the costliest on record for the crippling cyberattacks. Formation of a task force of FBI agents and Justice Department prosecutors is an acknowledgment of the growing threat posed by ransomware attacks, in which hackers lock up computer data and […]

Suspected Chinese hackers spied on US, European targets

Suspected state-backed Chinese hackers exploited widely used networking devices to spy for months on dozens of high-value government, defense industry and financial sector targets in the U.S. and Europe, according to FireEye, a prominent cybersecurity firm. FireEye said Tuesday that it believes two hacking groups linked to China broke into several targets through Pulse Connect […]

SolarWinds hacking campaign puts Microsoft in the hot seat

The sprawling hacking campaign deemed a grave threat to U.S. national security came to be known as SolarWinds, for the company whose software update was seeded by Russian intelligence agents with malware to penetrate sensitive government and private networks. Yet it was Microsoft whose code the cyber spies persistently abused in the campaign’s second stage, […]

How the Kremlin provides a safe harbor for ransomware

A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it. One big reason: Ransomware rackets are dominated by Russian-speaking cybercriminals who are shielded — and sometimes employed — by […]

Sanctioned Russian IT firm was partner with Microsoft, IBM

The Treasury Department on Thursday slapped six Russian technology companies with sanctions for supporting Kremlin intelligence agencies engaged in “dangerous and disruptive cyber attacks.” But only one of them stands out for its international footprint and partnerships with such IT heavyweights as Microsoft and IBM. That company, Positive Technologies, claims more than 2,000 customers in […]

Cybersecurity market to reach $300bn by 2027

The beginning of April was considered the worst week for social media firms across the aisle, as news headlines as far as the finger can scroll were swamped with news of billions of user accounts were leaked on a hacker forum for sale. Leaks affected social networking giants such as Facebook, popular audio drop-in app […]

Biden names 2 ex-NSA officials for senior cyber positions

President Joe Biden has selected two former senior National Security Agency officials for key cyber jobs in his administration, the White House said Monday in moving to fill out a team whose role has grown more urgent after two major hacks that have consumed the government’s attention. Chris Inglis, a former NSA deputy director, is […]

Clubhouse CEO pushes back against user data leaks targeting app

Paul Davison, CEO of the popular drop-in audio app Clubhouse, pushed back on Sunday against reports that personal user data from the platform had been leaked online. Late last week, CyberNews reported that an SQL database containing 1.3 million scraped Clubhouse user records leaked for free on a popular hacker forum. The database consisted of […]