Tag: Cyber attacks

Chinese hackers are determined to ‘wreak havoc’ on US critical infrastructure, FBI director warns
1Feb By adminNo Comments
Technology

Chinese hackers are determined to ‘wreak havoc’ on US critical infrastructure, FBI director warns

[ad_1] Chinese government hackers are busily targeting water treatment plants, the electrical grid, transportation systems and other critical infrastructure inside the United States, FBI Director Chris Wray told House lawmakers Wednesday in a fresh warning from Washington about Beijing's global ambitions.Underscoring the threat, the Justice Department and FBI announced just before the hearing that they had disrupted a botnet of hundreds of U.S.-based small office and home routers owned by private citizens and companies and hijacked by the Chinese state hackers to cover their tracks and hide their origin as they sowed the malware. Speaking before the House Select Committee on the Chinese Communist Party, Wray said there's been “far too little public focus” on a cyber threat that affects ...
Read More
Cyber attack cases in India rise 15 pct in 2023: Check Point
23Jan By adminNo Comments
Technology

Cyber attack cases in India rise 15 pct in 2023: Check Point

[ad_1] The number of cyber attack cases in India increased by 15 per cent per week on an average in 2023, trailing only Taiwan in the Asia Pacific region, cyber security firm Check Point said on Monday.Organisations across the globe experienced an average of 1,158 weekly cyber attacks each, which was a 1 per cent increase in the number of incidents compared to that in 2022. "In 2023 India received 2,138 weekly attacks per organisation, which is a 15 per cent surge since 2022. Within APAC, India emerges as the second most targeted nation with 2,138 weekly attacks per organization, trailing only behind Taiwan's 3,050 incidents," Check Point said. We are on WhatsApp Channels. Click to join. Within APAC, India experienced the second highest surge in attacks at 15 per cent, following Korea's...
Read More
Over ₹10,300 crore siphoned off by cyber criminals since 2021: I4C
4Jan By adminNo Comments
Technology

Over ₹10,300 crore siphoned off by cyber criminals since 2021: I4C

[ad_1]  Over ₹10,300 crore were siphoned off from the country by cybercriminals since April 1, 2021, of which agencies managed to successfully block around ₹1,127 crore in the country, Indian Cyber Crime Coordination Centre (I4C) said Wednesday. Over 4.52 lakh cyber crime cases were reported on the National Cybercrime Reporting Portal (NCRP) in 2021, which rose by 113.7 per cent in 2022, with 9.66 lakh cases being reported on the portal, CEO of I4C Rajesh Kumar told reporters in an interaction here. I4C is a body established by the Ministry of Home Affairs to provide a framework and eco-system for law enforcement agencies for dealing with Cybercrime in a coordinated and comprehensive manner. We are now on WhatsApp. Click to join. Kumar said over 15.56 lakh cases were reported on NCR...
Read More
Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets
13Nov By adminNo Comments
Technology

Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets

[ad_1] Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets.So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for double-digit returns, have typically been built around natural disasters such as hurricanes. But as the potential fallout of business-halting cyberattacks becomes too big to insure, issuers are seizing the moment.  Beazley Plc, which owns specialist insurers across Europe and the US, is exploring a potential $100 million cyber cat bond, according to Artemis, a research firm specializing in insurance-linked securities. And Axis Capital is preparing to issue a $75 million cyber catastrophe bond, according to a preliminary offer document seen by Bloomberg.  Spokespe...
Read More
5 things about AI you may have missed today: AI reveals best time to send emails, AI-driven cyber crime surges, and much
27Aug By adminNo Comments
Technology

5 things about AI you may have missed today: AI reveals best time to send emails, AI-driven cyber crime surges, and much

[ad_1] AN AI survey has identified the ideal email sending time on Sundays; there has been a surge in cyber attacks linked to misuse of AI; AI's impact on jobs - more disruption than elimination - this and more in our daily roundup. Let us take a look. 1. AI survey identifies ideal email sending time on SundaysAn AI survey suggests that sending emails between 3 pm and 6 pm on Sundays maximises open rates. Axios HQ's analysis of 8.7 million emails reveals a 94% open rate during this period, possibly due to lower inbox competition. However, experts caution against potential intrusion, labelling it a "techno-invasion." Balancing timing and respect for recipients' time remains crucial, Business Insider reported. 2. Surge in cyber attacks linked to misuse of AIRecent data from Check Point R...
Read More
Beware of WormGPT, the new AI tool that will make hackers happy!
17Jul By adminNo Comments
Technology

Beware of WormGPT, the new AI tool that will make hackers happy!

[ad_1] Generative AI and AI chatbots have become a rage with millions of people widely utilizing them for sourcing solutions, or to even carry out conversations on a daily basis. With more such tools being developed and put out for everyone to use, it is hard to judge which tool is actually reliable or which AI tool comes with a warning sign. Surprisingly, there are some AI tools that can actually be used to launch cyber attacks on unwary people.Recently, a new generative AI tool, something like ChatGPT, has been developed called WormGPT. The creator of the tool famously states that his tool is a direct enemy of ChatGPT as it doesn't restrict any malpractice or illegal text generation. But what is the threat that WormGPT poses?Those of a criminal bent can use WormGPT to promote maliciou...
Read More
How you can protect your data and ensure privacy when utilizing cloud services
11Jul By adminNo Comments
Technology

How you can protect your data and ensure privacy when utilizing cloud services

[ad_1] In a rapidly digitizing India, cloud computing has become an indispensable tool for businesses and individuals alike, revolutionizing data storage, access, and sharing. Whether it is to store precious photographs or sensitive information, users are leveraging the cloud in many different ways. However, as cloud services gain popularity, it is crucial for end users to understand and address the security and privacy concerns associated with cloud computing.According to a Thales Group survey report, cloud assets and IoT devices were the biggest targets for cyberattacks in 2023. In India, 53% of respondents said that their IoT devices were prime targets, followed by cloud-based storage (41%) and cloud delivered applications such as software-as-a-service or SaaS (40%). At the same time...
Read More
National Technology Day: “Trends of increasing cyber attacks”, warns Prof. SK Shukla
11May By adminNo Comments
Technology

National Technology Day: “Trends of increasing cyber attacks”, warns Prof. SK Shukla

[ad_1] Today is the National Technology Day. The day was observed for the first time in 1999 after India conducted a series of five successful nuclear bomb tests (Pokhran - II) in 1998. The move made India the sixth country in the world to successfully test nuclear weapons. While it was a breakthrough moment for us in terms of technological advancement, it also came with the burden of being responsible and ethical in terms of its usage. Now, 25 years later, we find ourselves in a similar situation with emerging technologies around artificial intelligence (AI), large language models (LLM), blockchain technology and more are growing exponentially. With major tech companies doubling down on AI technology and the European Union (EU) working on drafting an AI act to regulate its usage, we ar...
Read More
India records 18% surge in weekly cyber attacks in Jan-Mar 2023: Check Point
6May By adminNo Comments
Technology

India records 18% surge in weekly cyber attacks in Jan-Mar 2023: Check Point

[ad_1] Each organisation in India faced an average of 2,108 weekly attacks in the first quarter of 2023, around 18 per cent higher than that in the year-ago period, a Check Point report said on Friday. Cybercriminals are misusing legitimate tools like ChatGPT for code generation that can help less-skilled threat actors effortlessly launch cyberattacks, Trojanizing 3CXDesktop app for a supply chain attack etc for malicious gains, the report said. "During the first quarter of 2023, India average weekly attacks rose by 18 per cent in comparison to the corresponding period in 2022, with each organization facing an average of 2,108 weekly attacks per organization," the report said. Global weekly attacks rose by 7 per cent during the reported quarter versus same quarter last year with each ...
Read More
Beware! ‘FakeCalls’ Voice Phishing scam could steal your bank account information
20Mar By adminNo Comments
Technology

Beware! ‘FakeCalls’ Voice Phishing scam could steal your bank account information

[ad_1] In today's digitally connected world, cybercriminals are getting more and more cunning. New phishing scams, malware and other forms of cyber-attacks are discovered almost every day that target innocent people. Just recently, a new type of scam was discovered where viewers who wanted to watch free movies were getting their money stolen. Then there's phishing attacks. Cybercriminals masquerading as executives of trustworthy companies or even of banks, target users through fake messages and calls, directing the victim to phishing websites.Voice PhishingCybersecurity experts discovered malware known as FakeCalls, which used voice phishing to intercept customer support calls and steal financial data. According to a report by cybersecurity firm Check Point, FakeCalls Trojan uses a sca...
Read More