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Ransomware group offers cyber gangs legal advice
A new cybercriminal group, Qilin, is rapidly establishing dominance in the murky world of ransomware by providing not just ransomware-as-a-service (RaaS) but a full soup-to-nuts cybercrime service .In addition to the malware, Qilin also provides a full suite of legal guidance for criminals together with operational and storage features. According cybersecurity company, Cybereason, Qilin is positioning itself not just as a ransomware group, but as a full cybercrime service.
Japan Pushes Proactive Cyber Laws – June 17th
Japan Prime Minister Shigeru Ishiba implements a new cybersecurity defense law ahead of national elections to take proactive measures against cyber threats. The legislation allows the government to monitor online communications and requires private companies to report cyberattacks.
Criminal use of AI enters new and dangerous phase
Cybercriminals have just added what may be the most dangerous weapon yet to their arsenal of illegal software, a Dark Web version of legitimate artificial intelligence (AI) platforms. Tel Aviv-based network security company, Cato Networks, has uncovered an emerging criminal platform called Nytheon AI that it says is “a fully-fledged illicit AI platform”. While there have been other attempts to offer criminal versions of popular AI models, Nytheon AI is the first truly comprehensive multilingual offering. Threat actors can now use the platform to conduct a variety of attacks including tailored spear-phishing campaigns, deepfake documents, and polymorphic malware capable of constantly mutating its appearance.
EU Launches Free Railway Cybersecurity Courses – June 16th
The International Union of Railways is launching cybersecurity courses specifically for the transport industry. Developed by industry specialists, the CYRUS training program aims to address the growing need for cybersecurity awareness in the industry, particularly among non-technical staff.
Geopolitical Tensions are Changing the Cybersecurity Landscape – June 13th
Political tensions are prompting nations to re-strategize cybersecurity. Countries that once sought international cooperation and joint strategies are now prioritizing domestic cyber capacities and national interests as a result of geopolitical instabilities.
Bogus IT workers are defrauding US businesses
The US government has seized over $7.74 million in illegal funds, allegedly siphoned off by illegitimate North Korean Information Technology (IT) workers for the benefit of the North Korean government. The US Department of Justice (DOJ) has filed a civil forfeiture complaint alleging that the IT workers secured employment in the US illegally, racking up millions of dollars in cryptocurrency and bypassing US sanctions placed against North Korea. According to the US Federal Bureau of Investigation (FBI), the use of North Korean IT workers to defraud the US is now taking place on a massive scale.
UK backs AI and intelligence modernization – June 12th
The UK government has announced its plans to invest in digital and artificial intelligence (AI) in public services, including the NHS, aiming to build strong technology foundations and tackle urgent cybersecurity risks.
Cyera secures $540 million in funding – June 11th
Cybersecurity firm Cyera has raised $540 million in a Series E funding round, bringing its total to over $1.3 billion. Cyera’s valuation has surged to $6 billion in six months, reporting a 353 percent year-over-year growth.
Honeywell kicks off AI tools to accelerate industrial autonomy – June 10th
Honeywell has debuted a series of AI-powered tools that intend to boost industrial autonomy, introducing a suite of AI cybersecurity solutions designed to ramp up Operation Technology defenses against the ever-evolving cyberthreat landscape.