Sophisticated Malware Campaign “Voldemort” Targets Over 70 Global Organizations
In a startling development in the cybersecurity landscape, researchers have uncovered a highly sophisticated malware campaign, aptly named "Voldemort," that has already compromised over 70 organizations worldwide. This campaign, distinguished by its advanced techniques and stealthy execution, is believed to be primarily focused on espionage and intelligence gathering rather than financial theft.
How Python's Windows Apps Open Doors for Credential Thieves
Researchers at Horizon3.ai have uncovered a significant security flaw in Python applications running on Windows that could enable hackers to pilfer NTLM credentials. NTLM, short for NT Lan Manager, is an old-school authentication protocol still prevalent in many Windows setups.
FAA Proposes New Cybersecurity Rules to Safeguard Aircraft Systems Against Digital Threats
The Federal Aviation Administration (FAA) has proposed new rules to enhance the cybersecurity of airplanes, engines, and propellers, addressing the growing interconnectivity of aircraft systems.
Cybercriminals Exploit Fake Banking Apps: How PWAs Are Tricking iOS and Android Users
Progressive Web Apps (PWAs) are websites designed to look and feel like native apps, which can be installed on devices without users realizing they are third-party applications.
Cybercrime Kingpin Arrested in Spain for Global Ransomware and Exploit Kit Operations
In July 2023, Maksim Silnikau, a 38-year-old Belarusian also known as Maksym Silnikov, was arrested in Estepona, Spain. The arrest was part of a coordinated operation involving the Guardia Civil, the UK's National Crime Agency, and US authorities. Silnikau, along with his associates, is accused of creating and distributing notorious ransomware like Reveton and Ransom Cartel, as well as exploit kits such as Angler, which have extorted millions globally.
ECB Cyber Resilience Stress Test Uncovers Gaps in Bank Recovery Plans
In a rigorous examination, 109 regulated banks underwent a stress test simulating a hypothetical cyber onslaught that incapacitated their pivotal IT frameworks. Among these, 28 institutions faced an intensified evaluation, requiring them to provide supplementary data on their strategies for confronting the digital assault.
Escalating Cyber Breach Costs: Financial Sector Leads at £5.4 Million Per Incident
In the latest revelation from the IBM Cost of a Data Breach report, the financial realm stands as the most burdened, with professional services and the technology sphere trailing closely, each grappling with breach expenses surpassing £5.4 million on average.
Ransomware Leads to Over $47 Million in Losses for Sonic Automotive and Key Tronic
Sonic Automotive, a major player in the U.S. automotive retail market and headquartered in North Carolina, faced a significant financial setback following a recent ransomware incursion. This digital attack, targeting CDK Global, a pivotal software provider for numerous dealerships across North America, resulted in a marked decrease in Sonic’s earnings per share by a third for the quarter ending June 30.
