Tag: china
Beware of Death by a Billion Bots
US corporations lose an average of 4.3 percent of their online revenues to malicious ‘bots,’ malware designed to resemble human communications. Malware attacks of this nature accounts for an average annual loss of $86.5 million a year for corporations with average annual online revenues of $1.9 billion, according to a new report from cybersecurity firm Netacea, “Death by a Billion Bots: The Accumulating Business Cost of Malicious Automation”.
FBI sounds second call to arms to fight cybercrime
The US Federal Bureau of Investigation (FBI) is increasingly anxious to enlist the private sector in the losing battle it is fighting against global cybercrime and espionage. Speaking in Washington on Monday, FBI director Christopher Wray stressed the importance of “collaborative, public-private” operations in fighting cybercrime, developing a strategy previously outlined by FBI Deputy Director Paul Abbate at a Boston cybersecurity conference three months ago.
China uses AI to power new propaganda campaign
China has stepped up its propaganda and disinformation war with the US in the latest escalation of the Chinese Communist Party (CCP)’s cyber war on the West. Microsoft reports a marked rise in CCP-affiliated covert influence operations that engage with target US audiences on social media.
Chinese cyber-espionage campaign exposed
The China-backed hacking group referred to as RedHotel has been linked to attacks in 17 countries during a three-year espionage campaign. According to cybersecurity firm Recorded Future, RedHotel has been infiltrating sectors such as academia, aerospace, government, media, telecoms, and research while operating across the US, Europe, and Asia.
Connected EVs represent latest geopolitical cyber threat
Western governments’ stop-and-start race towards ‘net zero’ carbon emissions has produced a global cybersecurity crisis as a potentially hostile power, China, appears to be cornering the market in electric vehicles (EVs)
Barracuda again the target of malware attack – August 14th
Barracuda Email Security Gateway devices have again been violated, this time through a novel backdoor malware named 'Whirlpool.' The US Cybersecurity and Infrastructure Security Agency (CISA) has identified the breach to be the work of a pro-China group of hackers. The threat actors have targeted a zero-day remote command injection vulnerability through the malware. Reports say this vulnerability was used to plant malware payloads of Seapsy and Whirlpool backdoors on compromised devices.