In July, a software update from the cybersecurity firm CrowdStrike caused Microsoft Windows operating systems to crash. The US Government Accountability Office called this event “potentially the largest IT outage in history.” The broad-based impact generated by the incident heightens the need to develop an effective risk management process to combat systemic cyber risks. The CrowdStrike incident…
This interview has been attributed to Anshul Gupta Anshul S Gupta is a seasoned cybersecurity leader with over 18 years of experience. He has been recognized for his expertise in threat and incident management, security compliance, and risk management. Anshul has spearheaded strategic cybersecurity initiatives and complex cyber transformation projects across diverse industries. Anshul has…
The Reserve Bank of India (RBI) has unveiled new master directions on cyber resilience and digital payment security controls specifically for non-bank payment system operators (PSOs). According to the RBI circular, PSOs must establish a board-approved information security policy to address potential information security risks across all applications and payment system products. This policy is…
CYBER CRIME International CBI, in collaboration with the FBI and INTERPOL, has dismantled a transnational cyber-enabled financial crime network under Operation CHAKRA-III. Raids across Delhi, Gurgaon, and Noida led to the seizure of significant evidence and the arrest of 43 individuals. The investigation revealed extensive cyber fraud operations targeting victims worldwide, with proceeds funneled…
Forcepoint, a global leader in data-first cybersecurity solutions, unveils its comprehensive GenAI Security solution, offering visibility, control, and risk-based data protection across generative AI platforms, including integration with OpenAI’s ChatGPT Enterprise Compliance API. Part of Forcepoint’s mission to deliver ‘data security everywhere,’ this solution empowers businesses and government agencies to securely leverage GenAI innovations, accelerating their…
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…
