The Telangana Cyber Security Bureau (TGCSB) has busted an international fraud network by arresting three accused in a Rs 5.40 crore scam. On Tuesday, the officials said that TGSCB arrested three people who were involved in supplying bank account details to cyber fraudsters and were further facilitating the withdrawal of funds. The Telangana Cyber Security…
North Korean hackers have conducted a global cyber espionage campaign in efforts to steal classified military secrets to support Pyongyang’s banned nuclear weapons programme, the United States, Britain and South Korea said in a joint advisory on Thursday. The hackers, dubbed Anadriel or APT45 by cybersecurity researchers, are believed to be part of North Korea’s…
The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike’s glitchy security software update that disrupted internet services worldwide last week, Fitch Ratings said. Preliminary estimates suggest that insured losses could be in the range of mid-to-high single-digit billion dollars and most claims would be…
The Azure outage, which originated in Microsoft’s Central US region on Thursday evening, had a cascading effect on multiple airlines. A major outage of Microsoft’s Azure cloud computing platform this week wreaked havoc on airlines globally, causing flight groundings and operational disruptions. The incident highlighted the vulnerability of cloud-dependent systems, prompting cybersecurity firm CrowdStrike to…
India’s largest crypto exchange, WazirX, has been hacked, resulting in the transfer of cryptocurrencies worth over ₹1,900 crore to an anonymous wallet. Republic Business has reached out to WazirX for confirmation of the total loss, but the exchange has yet to respond. The hacker swapped Tether (USDT), Pepe tokens, and GALA into Ether. Blockchain data…
The ransomware is rudimentary with basic functionalities, likely having been created by an inexperienced developer — but it’s effective at locking up files and sucking up memory capacity. A ransomware strain coined “ShadowRoot” has been found targeting Turkish businesses through phishing attacks. The phishing emails contain a PDF attachment disguised as an invoice with embedded…
Cybersecurity researchers have uncovered security shortcomings in SAP AI Core cloud-based platform for creating and deploying predictive artificial intelligence (AI) workflows that could be exploited to get hold of access tokens and customer data. The five vulnerabilities have been collectively dubbed SAPwned by cloud security firm Wiz. “The vulnerabilities we found could have allowed attackers to access customers’ data…
A much-trumpeted deal between Microsoft and Group 42 in the Middle East and Africa could be quashed due to geopolitical concerns, as US policymakers raise questions about Group 42’s relationship with China, highlighting challenges US companies face in forging business ties in the region. Despite assurances from Group 42 that it is cutting all military…
Scientists at the Raman Research Institute (RRI) have created a new, user-friendly way to generate truly unpredictable random numbers, which is crucial for stronger encryption in quantum communications. RRI said this advance could revolutionize how we protect sensitive data in the future a breakthrough in cyber security. Stopping malicious agents “The security of quantum communications…
According to a recent study, more than half of India’s CEOs put cloud-related threats at the top of their list of concerns Cybersecurity solutions company Barracuda Networks, Inc., has announced the expansion of email security products to the Indian market to help customers comply with national regulations while deploying Barracuda’s advanced email protection, data classification,…
