Ransomware demands are skyrocketing in 2024, with the average extortion demand per ransomware attack exceeding $5.2 million per incident in the first half of the year. Following an attack on India’s Regional Cancer Centre (RCC) on April 20, a…
Category: CySecurity News – Latest Information Security and Hacking Incidents
Fintech Frenzy as Affirm and Others Emerge as Victims in Evolve Breach
The recent attack on one of the largest financial services providers has led to a problem for many companies that work with the provider, two of which have already alluded to possible negative implications for customer data due to…
Indonesia’s Worst Cyber Attack Exposes Critical IT Policy Failures
Indonesia recently faced its worst cyber attack in years, exposing critical weaknesses in the country’s IT policy. The ransomware attack, which occurred on June 20, targeted Indonesia’s Temporary National Data Center (PDNS) and used the LockBit 3.0 variant, Brain…
YouTube: A Prime Target for Cybercriminals
As one of today’s most popular social media platforms, YouTube frequently attracts cybercriminals who exploit it to run scams and distribute malware. These schemes often involve videos masquerading as tutorials for popular software or ads for cryptocurrency giveaways. In other…
Cisco Patches NX-OS Zero-Day Exploited by Chinese Attackers
Cisco patched a NX-OS zero-day, identified as CVE-2024-20399 (CVSS score of 6.0), which the China-linked group Velvet Ant used to deploy previously unidentified malware as root on vulnerable switches. The bug exists in the CLI of Cisco NX-OS Software;…
Gen Z’s Payment Preferences are Transforming Retail and Dining
The future of payment technologies and consumer trends are exploding; GenZ’s are more tuned to flexible, and reliable payment sources. The market is evolving with the needs of this generation and adapting new business models and technologies to meet…
Wise and Evolve Data Breach Highlights Risks of Third-Party Partnerships
Wise, a prominent financial technology company, recently disclosed a data breach impacting some customer accounts due to a ransomware attack on their former partner, Evolve Bank & Trust. The breach has raised significant concerns about the security of third-party…
Inside the Ticketmaster Hack: 440,000 Taylor Swift Fans at Risk
In May, the hacking group ShinyHunters claimed to have gotten personal information from more than 500 million Ticketmaster users and was selling the data on the dark web, and the business has now admitted that consumer data may have been…
This New Ransomware Group Uses Phone Calls to Pressure Victims
Researchers have identified a new ransomware group called Volcano Demon, responsible for at least two successful attacks in the past two weeks. Tim West, an analyst at cybersecurity firm Halcyon, revealed that the group targeted companies in the manufacturing…
HubSpot Investigates Limited Security Breach Affecting Customer Accounts
Cambridge, Massachusetts-based enterprise software provider HubSpot is handling a security compromise that has affected many customer accounts. Less than fifty accounts have been compromised, the business said in an online post. Although the investigation is still ongoing, HubSpot stressed…