Fraudsters used deepfake technology to trick an employee at a Hong Kong-based multinational company to transfer $25.57 million to their bank accounts. Hong Kong Police said Sunday that the fraudsters had created deepfake likenesses of top company executives in a video conference to fool the worker.
A U.K. parliamentary committee scrutinizing the artificial intelligence market urged the British competition regulator to closely monitor developers of foundation models and warned against regulatory capture. Already, the market is trending toward consolidation, said a House of Lords committee.
Financial giant EquiLend Holdings said it's brought back online multiple systems, including its NGT platform that handles securities lending transactions worth $2.4 trillion every month, following an outage triggered by ransomware-wielding attackers gaining unauthorized access to its systems.
In this insightful session, we will explore the evolving landscape of SIEM technology, emphasizing cost-effective strategies to enhance your organization's security posture.
Remote desktop application provider AnyDesk acknowledged that hackers recently had gained unauthorized access to the company's production systems in a cyberattack. The firm said it has revoked all security-related certificates as a precaution and is rolling out a new code-signing certificate.
In the latest weekly update, ISMG editors discussed the potential role of AI in cloud security, how the recent cyberattack on Microsoft by Russian state hackers highlighted the vulnerabilities associated with legacy systems, and how to secure APIs in the age of zero trust.
Welcome to "Cyber Fail," where our experts uncover fails so we can all strengthen our defenses. Today, we examine what happens when ransomware groups get careless, application developers' laissez-faire attitude toward vulnerabilities, and the security woes of a beleaguered crypto exchange.
Delivering more proof that the Log4Shell vulnerability is endemic, Akamai researchers detected botnet malware updated to use the flaw as an infection vector. Log4Shell burst into public awareness in late 2021 when security researchers identified a flaw in the ubiquitous Apache Log4J 2 Java library.
Proposed legislation called the "snoopers' charter," which would allow British intelligence agencies to collect data on a large scale, cleared further parliamentary scrutiny this week despite mounting criticism from privacy advocates, watchdog groups and technology companies.
Two Chicago hospitals are navigating the effects of recent cyberattacks. One, a children's hospital, has taken its IT network offline to respond to an incident, and the other, a nonprofit safety-net hospital, is being shaken down by cybercriminals asking for a hefty ransom in return for stolen data.
The United States sanctioned senior leaders of the Iranian government cyber unit responsible for carrying out malicious cyber campaigns against American critical infrastructure sectors. The sanctions are a direct response to hacks against water system operators that use Israeli systems and software.
U.S. federal agencies have until midnight Friday to disconnect Ivanti VPN devices and perform a factory reset before reconnecting them to the network. Fifteen agencies use the gateways, which were hit by likely Chinese hackers in an espionage campaign and are riddled with zero-day vulnerabilities.
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