The US Securities and Exchange Commission (SEC) recently fell victim to a cyber attack when hackers employed a SIM swapping technique to gain control over its social media account. This article provides a comprehensive overview of the hack, including the events leading up to it, the methods employed by the hackers, the response from the SEC, and the ongoing investigation.
The landscape of financial services is on the brink of transformative change, driven by disruptive technological and scientific innovations that have the potential to reshape the industry. The future of payments is intricately linked to the convergence of five distinct “worlds,” each poised to revolutionize how payments are processed and redefine the role of financial services in society. The Inner
The world of cybersecurity is constantly evolving, with new threats emerging every day. One such threat that has gained significant attention is the SystemBC malware. In recent months, there has been a sharp increase in the usage of this malware, with Q2 and Q3 of 2023 witnessing a surge in cyberattacks fueled by this malicious software. Today, we delve into
In the current digital landscape, data has emerged as a crucial asset for organizations, akin to currency. With the growing reliance on technology, data loss in on-premises Exchange Server environments has become increasingly common. This article delves into the profound consequences of data loss, the rising cybersecurity threats contributing to it, and the need for a comprehensive backup strategy tailored
The world of cryptocurrencies has recently witnessed yet another major security breach, as the MailerLite hack has resulted in a significant theft of digital assets. With over $580,000 worth of crypto lost in the attack, this incident underscores the need for heightened security measures within the industry. The Attack and Initial Response The attack originated from a breach in the
In today’s rapidly evolving digital landscape, browser-based phishing attacks have become a pervasive threat targeting individuals and organizations alike. As users increasingly rely on web browsers for their daily activities, cybercriminals have seized the opportunity to exploit vulnerabilities and launch sophisticated attacks. This article explores the alarming rise of these attacks and the need for robust security controls to mitigate
In the realm of cyber espionage, a suspected North Korean threat actor known as ScarCruft has recently emerged. They are focusing their efforts on targeting journalists and security professionals who closely monitor North Korea. This article delves into the tactics employed by ScarCruft, exploring their modus operandi, objectives, and potential collaborations with other threat actors. Overview of ScarCruft’s Activities ScarCruft,
A significant security flaw in GoAnywhere Managed File Transfer (MFT) software, developed by Fortra, has been disclosed, posing a critical threat to system security. Tracked as CVE-2024-0204, this vulnerability allows unauthorized users to create administrator accounts, potentially leading to unauthorized access and compromise of sensitive data. With a high CVSS score of 9.8 out of 10, immediate action is necessary
In a world where organizations increasingly rely on open-source components as foundational blocks in their application infrastructure, the importance of protecting against open-source threats cannot be overstated. While traditional Software Composition Analysis (SCA) tools have provided some level of defense, they are no longer sufficient given the evolving complexity of modern software development and supply chains. This article delves into
In today’s fast-paced software development landscape, Continuous Integration and Continuous Deployment (CI/CD) pipelines have become the backbone of efficient and rapid software delivery. However, the inherent complexity and interconnectedness of these pipelines make them prone to security vulnerabilities. This article explores the importance of keeping CI/CD pipelines secure and the potential consequences of compromised pipelines. Targeted Attacks on CI/CD Pipelines
In a major breakthrough, Socket, the interoperable blockchain network, has successfully retrieved 1,032 Ether tokens valued at $2.3 million that were stolen during a recent cyber attack. The incident, which occurred on January 16, resulted in the theft of millions of dollars in funds. Socket’s prompt response and diligent efforts have led to the recovery of a significant portion of
South Korea’s financial regulators are taking cautious steps, while their US counterparts forge ahead with rapid progress in crypto regulation. This discrepancy has raised concerns among experts and critics who argue that South Korea needs to establish a dedicated organization to effectively regulate crypto assets, mirroring the approach taken by US regulators. Lack of Dedicated Organization at the Financial Services
