In a significant development, the European Commission has initiated a formal investigation into Chinese shopping giant Temu for potentially breaching the Digital Services Act (DSA). The probe centers on several critical concerns, including the sale of illegal products and inadequate measures to prevent previously banned traders from re-entering the platform. Additionally, the investigation will scrutinize the potentially addictive features of
If you’re an enterprise executive or cybersecurity specialist, you likely understand the increasing complexities of the threat environment. Cybercriminals continue to evolve their tactics, enhancing their arsenals to target organizations, interfere with business operations, and gain access to sensitive IT resources. As of February 2024, the global average data breach cost reached $4.88 million, up from $4.45 million the previous
A significant cyberattack has compromised the sensitive information of over 500,000 residents of Columbus, Ohio, shedding light on the vulnerabilities of municipal IT infrastructures. The exposed data includes names, dates of birth, addresses, bank account details, driver’s licenses, Social Security numbers, and other identifiable information linked to interactions with the city, affecting more than half of the city’s population. The
Several critical security flaws have been discovered in the Ollama artificial intelligence (AI) framework, raising significant concerns for its users. The vulnerabilities, identified by Oligo Security’s researcher Avi Lumelsky, pose a range of serious risks, including denial-of-service (DoS) attacks, model poisoning, and even model theft. Ollama, known for being an open-source application that allows for the local deployment of large
Google has issued a warning about an actively exploited security vulnerability within the Android operating system, identified as CVE-2024-43093. This privilege escalation flaw in the Android Framework component allows unauthorized access to directories such as "Android/data," "Android/obb," and "Android/sandbox" and their subdirectories. Although specifics on how this vulnerability is being exploited are limited, Google’s monthly bulletin suggests that the exploitation
In a concerning development for cybersecurity at educational institutions, Western Sydney University (WSU) has experienced its third significant data breach in 2024, raising alarm among students, faculty, and cybersecurity professionals. The recent breach involved unauthorized access to WSU’s student management system and data warehouse, compromising sensitive student information. The attacks appear to be sophisticated and persistent, targeting vulnerabilities within WSU’s
In an era where the wealth management industry continually seeks to stay competitive, the adoption of specialized technology has become paramount for providing enhanced services. Wealth management firms demand straightforward, secure, and consistent financial account data access, a necessity addressed by ByAllAccounts. Through a reliable and secure single connection, ByAllAccounts offers seamless access to financial data, streamlining the data flow
The US Cybersecurity and Infrastructure Security Agency (CISA) introduced its inaugural international strategic plan, aiming to enhance global cooperation in mitigating cyber threats to critical infrastructure. The 2025-2026 International Strategic Plan, which builds on CISA’s first Strategic Plan released in August 2023, sets forth three primary goals to be achieved within the forthcoming two years. This plan underscores the necessity
WordPress, recognized for its dominance in the content management system (CMS) arena, gains immense popularity due to its extensive plugin ecosystem. These plugins, while substantially enhancing functionality and user experience, have also become primary targets for security vulnerabilities. Recent incidents involving the LiteSpeed Cache plugin have triggered renewed concerns about WordPress plugin security flaws and their potential threats to millions
Affluent investors in the Asia-Pacific region are increasingly gravitating towards digital wealth management solutions, a shift that is anticipated to see up to US$700 billion transitioning to wealthtech platforms within the next three years. This growth underscores the tech-savviness and rising affluence among the region’s investors who are keen on leveraging digital tools for managing their wealth. A revealing survey
In a startling revelation that has sent ripples throughout the cybersecurity community, evidence has surfaced suggesting a potentially groundbreaking collaboration between the North Korean state-sponsored threat group Andariel and the infamous Play ransomware group. This unprecedented cooperation, observed between May and September 2024, marks a significant shift in the landscape of cyber threats. Andariel, also known by aliases such as
Swiss fintech company GenTwo has officially launched a new office in the UK, marking a significant expansion into one of the world’s premier financial markets. This strategic move was announced during an event at the Swiss Embassy in London on October 29. The UK, known for its robust financial services industry, with London’s status as a leading global financial hub,
