In an alarming development, the professional services giant Deloitte UK has allegedly fallen victim to a significant cybersecurity breach, with the ransomware group Brain Cipher claiming responsibility for the cyberattack and purporting that over 1 terabyte of sensitive data was stolen from the firm’s servers. Background on Brain Cipher Having emerged in June 2024, Brain Cipher rapidly gained notoriety for
The revelation of Pegasus spyware infecting the devices of ordinary professionals and civilians has raised significant concerns about mobile security, previously thought to be robust enough to defend against sophisticated threats. This alarming discovery was uncovered by cybersecurity researchers from iVerify, who conducted extensive scans across a large number of mobile devices, detecting widespread infections that date back to at
Embedded finance has been quietly revolutionizing the way we interact with money by seamlessly integrating financial services such as payments, loans, and insurance directly into non-financial platforms. These integrations allow users to complete financial transactions effortlessly within apps they commonly use without needing to open separate banking or financial apps. This trend has significantly reshaped the digital financial landscape across
The payment landscape is rapidly evolving, with new technologies and trends shaping the way businesses and consumers handle transactions. According to a report by Global Payments Inc., several key developments are expected to influence the sector by 2025. This article delves into these emerging trends, highlighting their potential impact on businesses of all sizes. Enhanced Fraud-Fighting Tools Investment in Embedded
Brazil once again positions itself at the forefront of financial innovation with the anticipated rollout of Pix by Approximation, a contactless payment system authenticated by biometrics and NFC technology. This advancement underscores the nation’s commitment to modernizing its financial infrastructure and promoting greater financial inclusion. Set to be introduced by February 28, 2025, Pix by Approximation integrates pre-linked bank accounts
Generative AI (GenAI) offers noteworthy promise in revolutionizing cybersecurity by enhancing defensive measures, identifying threats, and automating rapid responses. In the face of increasingly severe cyberattacks, security professionals view GenAI as a powerful tool with the potential to significantly strengthen cybersecurity operations. Through advanced pattern recognition and predictive capabilities, GenAI can proactively detect and neutralize threats before they escalate into
In an unexpected yet impactful move, Telegram has joined forces with the Internet Watch Foundation (IWF) to combat the spread of child sexual abuse material on its platform. This collaboration is a significant shift for Telegram, which has long been recognized for its firm stance on not sharing user data with authorities. The dramatic change follows the arrest of Telegram
A significant security vulnerability has been identified in SailPoint’s IdentityIQ IAM software, tagged as CVE-2024-10905. This flaw, which has been assigned a maximum CVSS severity score of 10.0, allows unauthorized access to sensitive content within the application directory by exploiting improper handling of virtual resource file names (CWE-66). The affected versions include IdentityIQ 8.4 and its earlier patch levels prior
In an era where cybersecurity threats are becoming increasingly sophisticated, the security of your infrastructure is paramount. Recently, Veeam, a well-known provider of backup and disaster recovery solutions, has released urgent security updates addressing critical vulnerabilities in its Service Provider Console (VSPC). These flaws, if left unpatched, pose a severe risk to the integrity of affected systems. Tracked as CVE-2024-42448,
Today marks a transformative milestone in the payments industry as IXOPAY announces its merger with Aperia Compliance, a global leader in PCI validation and risk management. This strategic alliance combines the strengths of two industry frontrunners to deliver secure, compliant, and scalable payment solutions. By merging their capabilities, they aim to address the pressing needs of businesses navigating intensifying cyber
In recent years, the manufacturing sector has become an attractive target for cybercriminals, leading to substantial operational disruptions and significant financial losses. Ransomware attacks have severely disrupted operations, affecting 858 manufacturers worldwide and resulting in approximately $17 billion in downtime since 2018. The growing frequency and sophistication of these attacks highlight the urgent need for manufacturers to implement robust cybersecurity
The UK’s National Cyber Security Centre (NCSC) has raised alarms over the escalating frequency and severity of cyber-attacks targeting British organizations and the public. In its latest Annual Review, published on December 3, the NCSC highlighted the increasing risks posed by cyber threats and underscored the urgent need for enhanced cyber defenses and collaboration across all sectors. The report revealed
