All articles by Swagath Bandhakavi
Swagath Bandhakavi
Organisations accelerate AI adoption to transform risk management, says KPMG report
As the risk landscape evolves, new evidence suggests AI is a vital tool for filtering data, identifying trends, and providing actionable insights.
Fraudsters plead guilty to exploiting OTPs for bank account theft in UK
The NCA had shut down the fraudster’s platform in 2021 after it had exploited vulnerabilities in multi-factor authentication systems, allowing criminals to access sensitive financial information.
GitHub exploited to spread password-stealing malware disguised as legitimate fixes
The malware is being spread by posing as legitimate “fixes” in the comments section of various GitHub repositories.
Cicada3301 ransomware emerges, targets global companies with extortion tactics
An analysis by Truesec suggests that the Cicada3301 ransomware may be linked to the now-defunct ALPHV/BlackCat group, as both share similar attack methods and code structures.
Cyberattackers use fake Palo Alto GlobalProtect to backdoor Middle East firms
The malware employs a two-stage infection process and sophisticated command-and-control infrastructure to breach networks, creating a backdoor for ongoing communication with the attackers.
FBI reports RansomHub ransomware compromises 210 victims since February
RansomHub has shown a preference for targeting critical infrastructure across the US.
CrowdStrike lowers forecasts as Windows outage hampers new deals
The cybersecurity company now expects its annual revenue to range from $3.89bn to $3.9bn, lowered from its earlier forecast of $3.98bn to $4.01bn.
Cybercrime and sabotage cost German companies €267bn in past year
According to IT industry association Bitkom, that financial penalty marks a 29% increase on losses recorded in 2023.
Nvidia shares slump despite 168% increase in second-quarter net income
The sharp increase in Nvidia’s net income and revenue is largely fuelled by growing demand for its data centre offerings and accelerated computing technologies.
Data and risk issues undermine generative AI expansion, Deloitte study reveals
Despite this, Deloitte’s investigation reveals that corporate investment in generative AI is still rising.