A now arrested Ukrainian-based hacker infiltrated cloud-computing accounts to create over 1M virtual servers to mine $2M worth of cryptocurrencies, Europol announced.
The Europol investigation shed light on the dangers behind cloud computer hijacking campaigns used for large-scale illicit crypto mining.
A record-high 484 ransomware victims were posted on publicly available sites in November 2023, according to a Corvus Insurance report.
The spike in ransomware victims’ information being leaked reflects a 39.08% increase compared to October 2023 and a staggering 110.43% increase compared to November 2022.
Kyivstar, Ukraine’s largest telecom provider announced it was hit by a devastating cyberattack, disrupting internet access for over 26 million users.
Kyivstar’s parent company, VEON Ltd confirmed the devastating cyberattack, claiming it to be “one of the largest cyberattacks in the history of the global telecom market.”
The National Cyber Security Centre (NCSC) in collaboration with partners from the US, Australia, Canada, and New Zealand revealed the Russian-state-backed threat actors terrorizing UK political systems.
The NCSC identified the group ‘Star Blizzard’ to be a subordinate to Centre 18 from the Russian Federal Security Service (FSB). Star Blizzard targeted UK parliamentarians, UK-US trade documents, UK think tanks, universities, journalists, and NGOs using various sophisticated phishing tactics.
In what is an urgent and stark warning to nuclear facilities around the world, UK nuclear facility Sellafield, formerly called Windscale, is reported to have been hacked by groups linked to China and Russia. The 70-year-old sprawling six-square-kilometre facility, located on the North-West coast of England, holds the planet’s largest store of plutonium as a result of processing nuclear waste from decades of atomic power generation and weapons programs.
The UK authorities do not know exactly when the hack originally occurred, according to The Guardian newspaper, although breaches are said to have been detected as long ago as 2015, when sleeper malware, used to attack systems remotely and at will over a long period, was found to have been embedded. In what amounts to a national scandal for the UK, it is still not yet known if the malware has actually been eradicated.
The verdict on artificial intelligence (AI) from the real experts is finally in; professional cybercriminal fraternities have judged AI to be “overrated, overhyped and redundant,” according to fresh research from cybersecurity firm Sophos.
It has, hitherto, been accepted wisdom in the cybersecurity industry that cybercriminals, free from any regulatory authority or moral scruples, were among the first to harness the awesome power of AI to create bespoke and virtually unstoppable malware. However, having infiltrated the Dark Web forums where top professional cybercriminals discuss their trade, Sophos reports that the cybercrime sector has thoroughly tested the capabilities of AI and found it wanting.
The European Union Agency for Cybersecurity (ENISA) signed a Working Agreement with Ukraine’s Administration of the State Service of Special Communications and Information Protection of Ukraine (SSSCIP) to boost cybersecurity efforts.
The Working Agreement signed by ENISA and SSSCIP will focus on the EU supporting Ukraine in its efforts to protect itself from geopolitically-fueled cyber attacks from Russian threat actors through improving critical infrastructure, cybersecurity skills, and capacity building.
Roughly three-quarters of small-to-medium-sized businesses (SMBs) have experienced a cyber-attack, a breach, or both in the last year. According to non-profit organization the Identity Theft Resource Center (ITRC)’s third annual ITRC Business Impact Report, 73 percent of owners or leaders of SMB’s reported being attacked or breached in the past 12 months, following a slight dip in the previous year.
In what the US Federal Bureau of Investigation (FBI) is billing as “their first-ever joint public appearance”, the heads of the intelligence services of five Western governments, known as the “Five Eyes” are now meeting in Palo Alto, California, the heart of Silicon Valley.
Reports show that phishing and malware attacks have spiked by 173% and 110% respectively in the third quarter of this year, compared with the second quarter of the year.
A staggering 493.2 million phishing attacks and 125.7 million malware attacks were logged during this period.
Systems powered by artificial intelligence, quantum computing, and cutting-edge microchips, together with genetic engineering, are being viewed with suspicion by the European Commission. As a result, the European Union (EU) is now in close and intense consultation with the EU’s 27 member states to establish an argument for potential trade bans and investment screenings.
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”.
In today’s roundup; Cyberattacks encrypt UK school data, Russian threat actors may face lengthy imprisonment, and ‘Charming Kitten’ hacks 34 company systems.
The world’s most-wanted cybercriminal, Russia’s Mikhail Matveev, who already has a $10 million dollar bounty issued by the FBI, is believed to be behind the recent theft of thousands of documents stolen from the UK’s Ministry of Defence (MoD). While authorities are intent on taking him down, his reign of terror shows no signs of stopping.
The attack allowed bad actors to lock LinkedIn users out of their accounts and resulted in ransom demands to allow users to access their accounts again. The ongoing attacks caused LinkedIn account inquiries to spike by 5000%. The full report is available on Cyberint’s website.
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