Rising geopolitical tensions, particularly involving Russia and the Middle East, helped fuel one-third of denial-of-service cyberattacks that targeted the global financial services sector for the second year running, according to new findings from cloud and cybersecurity services provider Akamai. The cyber assaults, commonly known as DDoS attacks, targeted around 34% of financial institutions observed between […]

A closely watched Chinese government-backed cyber espionage campaign has been found targeting a prominent Southeast Asian government agency, new findings out Tuesday reveal. The Crimson Palace campaign, tracked by Sophos researchers, details newer and more sophisticated cyberattacks targeting government organizations, non-governmental entities and public service networks in the region. According to the analysis, the attackers […]

With more than 60 percent of companies in the United States having filed a cyber insurance claim in the last 12 months, U.S. companies are increasingly adopting advanced technologies such as artificial intelligence to secure cyber insurance coverage and mitigate rising costs, according to a report. On Tuesday, the identity security service provider Delinea released […]

Seoul, South Korea—2024 AI Security Day Seminar—An attorney specializing in artificial intelligence stated Thursday that nearly all deepfake crimes involve pornography, with female victims being the most common targets. The lawyer emphasized the urgent need for legislation to address these crimes. Lee Keun-woo, an attorney at Yoon and Yang LLC, highlighted the growing issue of […]

Seoul, South Korea―An international cyber exercise, proposed by South Korean President Yoon Suk-yeol at last summer’s NATO summit, will bring security experts from around the world to Seoul next week. The National Intelligence Service (NIS) announced on Wednesday that South Korea will lead an international cyber defense drill, named the “APEX (Allied Power Exercise) 2024,” […]

Washington, D.C.—2024 Billington Cybersecurity Summit—Four years ago, representatives from 31 countries convened via video conference to declare ransomware attacks a global cybersecurity threat, warning that successful attacks could have significant economic consequences for both organizations and governments. The insidious malware—programmed to hold organizations’ sensitive information and systems hostage in exchange for a ransom payment that […]

Kremlin-backed cyber operatives likely targeted a slew of Mongolian government websites using exploits that mirrored those deployed by commercial spyware vendors like NSO Group and Intellexa, according to a Thursday report from Google’s Threat Analysis Group. Between November 2023 and July 2024, the Russian government-affiliated hackers—dubbed APT29—used “watering hole” cyberattacks that target victims by surreptitiously […]

A leading artificial intelligence expert has raised concerns that generative AI could pose threats to financial security. While the technology is increasingly being adopted for various business tasks in the financial sector, experts caution that the industry cannot rely solely on AI. This is particularly important given the sector’s responsibility for safeguarding personal information and […]