In the ever-evolving battlefield of cybersecurity, a new nemesis has toppled other contenders to become the primary concern for organizations globally: account takeover attacks. A striking study by Abnormal Security unveils a worrisome trend, with 83% of surveyed organizations falling victim to these attacks in just the past year. The prevalence is alarming, with nearly half of these entities grappling
Cybercrimes are on a relentless rise, with the burgeoning cryptocurrency space becoming a hotbed for sophisticated scams. In a significant crackdown on June 3, a carefully planned police operation in Incheon, South Korea, brought down an intricate crypto mining scam. This scheme, engineered by a pair of 29-year-old masterminds, preyed on 69 unsuspecting individuals through a false call center operation.
In the unending war against cyber threats, a new critical vulnerability has emerged, putting organizations at risk worldwide. Identified in Progress Software’s Telerik Report Server, this critical flaw, tagged as CVE-2024-4358 with a CVSS score of 9.8, sets off alarms as it paves the way for remote attackers to bypass authentication and create an admin user—bestowing upon themselves the highest
In the wake of rising cybersecurity threats targeting the healthcare sector, Senator Ron Wyden of Oregon is calling on the U.S. Department of Health and Human Services (HHS) to tighten security regulations. This push comes as concerns grow over the ability of healthcare providers to protect sensitive personal health information from sophisticated cyberattacks, such as those involving ransomware. Senator Wyden’s
Blockchain technology presents a brave new world of decentralized finance (DeFi), yet it grapples with inherent imbalances. Traditionally, Miner Extractable Value (MEV) has afforded miners the liberty to reap profits by arranging transactions within a block to their advantage. This manipulation has yielded financial benefits for miners and block builders but has turned a blind eye to the rights and
In what can only be described as a monumental confrontation within the cryptocurrency space, a high-stakes courtroom drama is unfolding at the Competition Appeal Tribunal in London. At the heart of the contention is BSV Claims Ltd, a group representing the interests of Bitcoin SV (BSV) holders, and their formidable opponents are none other than some of the most prominent
In an astounding revelation that signals the accelerating acceptance and influence of digital currencies, the number of global cryptocurrency investors has soared past the 562 million mark. This astonishing figure is not just a statistic, it represents a diverse, growing community that has outstripped the entire population of the United States in count. At the forefront of this expansion is
In a jaw-dropping incident late May 2024, the power of artificial intelligence to deceive was on full display as an eerily convincing fake CFO, manufactured by deepfake technology, conned an unwitting employee into transferring a staggering $500,000 during what appeared to be a routine Zoom call. This alarming case has thrown into sharp relief the escalating concerns around the nefarious
Smartphones have entrenched themselves as the nexus of our personal and professional lives, thus making them a hotbed for potential cybercrime. With the amount of sensitive information they hold, from private communications to financial data, ensuring the security of these devices is paramount. Recognizing this critical need, the US National Security Agency (NSA) recently published a set of robust guidelines
The digital landscape is ever-evolving, and with it, the techniques cybercriminals employ to ensnare unsuspecting victims. As tech enthusiasts flock to the latest features and devices, scammers see a ripe opportunity for exploitation. Recently, a nefarious new phishing scheme surfaced on Weibo, exploiting iPhone users’ fascination with the cutting-edge Dynamic Island feature. Cybercriminal investigator Zhong Wenzhe sounded the alarm, detailing
The surging tide of cryptocurrencies has not gone unnoticed, as these digital assets continue to chart a course that sets them apart from conventional financial instruments. Leading the charge, Bitcoin and Ethereum have shown quite the prowess when pitted against mainstays like the S&P 500 and Nasdaq 100. This phenomenon is more than a simple trend; it is a signal
In an era of fast-paced innovation, privacy policies often evolve to keep up with the technological advancements of companies like Meta. The tech giant, known for its ownership of Facebook and Instagram, has rolled out an update to its privacy policy that directly ties into the expansion of its artificial intelligence capabilities. This fundamental shift in policy has the potential
