In today’s business world, technology plays a crucial role in shaping the way we work. Robotic Process Automation (RPA) is one such technology that has gained popularity due to its ability to automate repetitive and mundane tasks, thereby freeing up employees to concentrate on more value-adding activities. However, RPA initiatives can only be fully realized when combined with another emerging
The recent disclosure of a new vulnerability impacting Progress Software’s MOVEit Transfer application has highlighted the critical need for robust security measures and timely patching. The revelation comes at a time when the Clop ransomware gang has been exploiting multiple vulnerabilities in the software to target a wide range of organizations, including US federal agencies. In this article, we will
Application programming interfaces (APIs) are now an integral part of most modern mobile, SaaS, and web applications. APIs allow applications to communicate with each other and access data across different systems. This integration has revolutionized the way we interact with technology, enabling faster and more efficient processes, better user experiences, and improved business outcomes. However, with this innovation comes a
As technology advances, so do the tactics of cybercriminals. A recent development is the use of artificial intelligence (AI) in phishing attacks, which are designed to trick people into releasing sensitive information or downloading malware. Researchers have uncovered a new phishing email campaign that employs AI-powered language models, specifically ChatGPT and Google BERT, to create sophisticated email attacks. The Rise
In a major milestone for the adoption of blockchain technology in the financial sector, Bank of China’s investment arm BOCI has issued $28 million worth of digital structured notes using the Ethereum blockchain network. This makes the bank the first Chinese institution to issue this type of tokenized security in Hong Kong, indicating a significant shift towards blockchain technology. UBS
The US House Financial Services Committee Chair, Patrick T. McHenry, recently announced plans to hold a vote on a bill that would regulate digital assets by mid-July. The bill, named the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as either a security or a commodity and regulate exchanges, among other measures. This move could potentially impact the entire
Ransomware Attack at Kaiserslautern University, GravityRAT Spyware, FBI’s Report on Business Email Compromise and Email Account Compromise Scams, Red Team Deployments, Visually Similar Domain Names, Cybersecurity Best Practices Legislation, Google’s kCTF Vulnerability Rewards Program, EU AI Act, and Dragos’ Global Partner Program. Cybersecurity threats have continued to evolve over the years, with new attacks cropping up frequently. This week’s roundup
Ukraine has been the target of persistent cyberattacks for years. It has faced a range of threat actors, including state-sponsored groups and financially motivated criminals. One of the most active and determined of these groups is Gamaredon. The group’s main focus is espionage, primarily related to Ukraine and its ongoing conflict with Russia. Recent reports have highlighted that Gamaredon has
The US Justice Department has announced charges against yet another Russian national allegedly involved in deploying the LockBit ransomware. This comes at a time when there is an ongoing crackdown on international cybercriminals responsible for wreaking havoc on organizations across the globe. Arrest and Charges Ruslan Magomedovich Astamirov, a 20-year-old from the Chechen Republic, Russia, was recently arrested in Arizona
Artificial Intelligence (AI), once seen as a way to usher in a new age of technological advancement, is now being used by cybercriminals to propagate disinformation and perpetrate fraud. Fraudsters are now using widely available AI voice cloning tools to steal from people by impersonating family members. The use of these tools has become more prevalent and alarming in recent years.
The world of networking has undergone significant changes in recent years with the introduction of new technologies and solutions that have revolutionized traditional networking. One of the most significant changes has been the rise of SASE networking, which has taken the industry by storm. This article explores the rise of SASE networking and its impact on IT departments. The Fall
LockBit is a ransomware-as-a-service (RaaS) scheme that has been wreaking havoc in the U.S. since 2020. The threat actors behind this scheme are known for targeting critical infrastructure sectors and extorting large sums of money from their victims. To date, LockBit has claimed responsibility for at least 1,653 ransomware attacks and has extorted $91 million from various U.S. organizations. This
