In recent times, cybercrime is one of the most significant threats all businesses in the digital age face, with global losses expected to reach $6 trillion annually by 2021, double the figure reported in 2015. Various types of malware and ransomware attacks can leave a devastating impact on businesses, costing millions in revenue, reputational damage, and loss of valuable assets.
The Kimsuky APT group, believed to be backed by the North Korean state, has become an infamous name in the world of cyber espionage. This group targets government agencies, industry, and think tanks in South Korea to gather classified and sensitive information. In recent years, Kimsuky has been identified as a major actor in sophisticated cyber attacks, and one of
With the ever-increasing threat of cyberattacks from various state-sponsored hacking groups, security researchers have identified a new info-stealer being used by the North Korean hacking group RedEyes. The group, also known as APT37, ScarCruft, and Reaper, has been active for nearly a decade and is affiliated with North Korea’s Ministry of State Security (MSS). New Info-Stealer “FadeStealer” AhnLab Security, a
Security vulnerabilities in popular WordPress plugins continue to pose a significant threat to website owners and their customers. In two recent incidents, security researchers from Wordfence have discovered critical authentication bypass flaws in WordPress plugins – “Abandoned Cart Lite for WooCommerce” and “Booking Calendar | Appointment Booking | BookIt” – that could potentially result in unauthorized access to customer accounts.
Gone are the days when carrying cash was the norm. Thanks to technological advancements, digital payments have made our lives more convenient than ever before. At the same time, the COVID-19 pandemic has accelerated the adoption of digital payments. Today, almost everyone relies on digital payments for their everyday transactions. In Europe, the digital payments landscape has rapidly evolved, driven
Cisco Systems, Inc., a global leader in networking, security, and enterprise solutions, has announced its plans to establish a data center for cloud-delivered security in the Kingdom of Saudi Arabia (KSA). The move aims to help organizations, both locally and regionally, in protecting their users, infrastructure, and investments against cyber threats. With the rise of digitalization and cyber threats, the
Decentralized finance, or DeFi, has taken the blockchain and cryptocurrency world by storm in recent years. Unlike centralized finance, or CeFi, which relies on a centralized authority to regulate and validate financial transactions, DeFi operates on a decentralized network and does not require intermediaries to execute transactions. As a result, DeFi has emerged as a promising alternative to traditional financial
Bitcoin has been a topic of discussion for over a decade since its inception in 2009. It is a decentralized digital currency that provides individuals and businesses with an alternative option for financial transactions. Its underlying technology, called blockchain, offers a secure and transparent way of recording and verifying transactions. Yet, despite its many advantages over traditional fiat currencies, Bitcoin’s
Blockchain technology is a decentralized, distributed ledger that allows for secure and transparent record-keeping in a variety of contexts, from financial transactions to supply chains to voting systems. This technology is particularly suited to cases where trust is needed between parties that don’t necessarily know each other or have a pre-existing relationship. Rather than relying on a single central authority,
In recent reports, eSentire TRU has reported the resurgence of a malicious campaign that targets manufacturing, commercial, and healthcare organizations. This resurgence of the campaign may indicate a new wave of cyberattacks on these sectors, and highlights the need for increased cybersecurity measures to prevent this type of attack. Threat actors involved: native Russian speakers According to eSentire TRU, the
In recent years, e-commerce has seen unprecedented growth, with more and more consumers worldwide turning to online shopping. However, with this surge in demand has come a host of challenges such as delayed and inefficient payment processes, security concerns, and lack of access to financial services for underbanked populations. Enter Web 3.0 and the emergence of Central Bank Digital Currencies
In today’s fast-paced world, convenience and security are essential when it comes to making financial transactions. Digital payments have become increasingly popular in recent years due to their speed and convenience. However, traditional methods of handling payments are being quickly replaced by innovative payment solutions that offer enhanced user experiences and improved security measures. One such solution is Wallet as
