At a recent EU meeting in Luxembourg, Poland supported a European Commission proposal to shorten the time new drugs are protected by data exclusivity rules. Health Minister Izabela Leszczyna said Poland prefers one year of market protection over longer…
Category: CySecurity News – Latest Information Security and Hacking Incidents
Singapore Banks Phasing Out OTPs in Favor of Digital Tokens
It has been around two decades since Singapore started issuing one-time passwords (OTPs) to users to aid them in logging into bank accounts. However, the city-state is planning to ditch this method of authentication shortly. Over the next three…
Chinese APT40 Can Exploit Flaws Within Hours of Public Release
A joint government advisory claims that APT40, a Chinese state-sponsored actor, is focusing on recently discovered software vulnerabilities in an attempt to exploit them in a matter of hours. The advisory, authored by the Cybersecurity and Infrastructure Security Agency,…
Decrypting DoNex: The Flaw That Brought Down a Ransomware Empire
DoNex Ransomware Encryption: Flaw in Cryptographic Schema Experts uncovered a critical flaw in the encryption schema of the DoNex ransomware, including all variations and predecessors. Since March 2024, they’ve worked with law enforcement to give a decryptor to affected DoNex…
Significant Drop in Cyber-Insurance Premiums Makes Coverage More Affordable
Over the last year, a steady decline in premium rates has made cyber-insurance coverage more accessible and affordable for organizations of all sizes. The primary driver behind this decrease is the increasingly competitive marketplace, with more insurance companies offering…
Lessons from the Ivanti VPN Cyberattack: Security Breaches and Mitigation Strategies
The recent cyberattack on Ivanti’s VPN software has prompted swift action from the Cybersecurity and Infrastructure Security Agency (CISA). This incident not only highlights the need for stronger cybersecurity measures but also raises important questions about exploit techniques, organizational…
Microsoft’s Breach Notification Emails Wind Up in Spam Folder
Midnight Blizzard, a Russian nation-state hacker gang, breached Microsoft’s security last year, gaining access to the emails of multiple customers. In late June, Microsoft revealed that more organisations were affected than previously assumed. However, the company’s attempts to notify…
Ransomware Attack on Patelco Credit Union Disrupts Services for Nearly Half a Million Members
A ransomware attack on Bay-area Patelco Credit Union has disrupted banking services for nearly half a million members, and the outage could persist for weeks. The credit union announced the attack on June 29 via Twitter. The affected services…
Yemeni Hackers Unmasked Spying on Middle Eastern Military Phones
According to researchers at MIT, a Yemeni hacking group has been eavesdropping on the phone calls of military personnel in the Middle East, the latest example of mobile surveillance becoming prevalent in conflicts around the world as a result…
Investing in AI? Don’t Forget the Cyber Locks! VCs Advice.
The OpenAI Data Breach: A Wake-Up Call for Seed VCs Security breaches are common in the current industry of artificial intelligence (AI) and machine learning (ML). However, when a prominent player like OpenAI falls victim to such an incident, it…