RBI deputy governor Swaminathan J said the potential impact of a cyberattack on a bank’s operations, reputation, and financial stability cannot be “overstated”, as he emphasised the need for proactive risk mitigation strategies. Speaking at the Conference of Heads of Assurance of Urban Cooperative Banks here on Thursday, the deputy governor said that in the…
Cisco on Thursday launched HyperShield, a new security product that uses AI to protect applications, devices, and data across data centers, clouds, and physical locations. The move follows Cisco’s acquisition of Splunk, which the enterprise tech titan bought for $28 billion earlier this year. Jeetu Patel, Cisco’s executive vice president, said HyperShield was designed with…
A data leak at the recently formed German political party Sahra Wagenknecht Alliance (BSW) has given unauthorized people access to information on thousands of donors and subscribers to a newsletter. A party spokeswoman confirmed a corresponding report by Der Spiegel news magazine on Thursday. According to the report, up to 35,000 people are affected, including…
Dutch cybersecurity firm Eye Security has reportedly raised $39 million to expand throughout Europe. The company’s funding round was led by JPMorgan Chase’s growth investment arm, The Wall Street Journal (WSJ) reported Sunday (March 10), noting that the financing is happening amid a jump in ransomware attacks. The report, citing information from the European Digital SME Alliance, said that such…
The China-linked threat actor known as Evasive Panda orchestrated both watering hole and supply chain attacks targeting Tibetan users at least since September 2023. The end goal of the attacks is to deliver malicious downloaders for Windows and macOS that deploy a known backdoor called MgBot and a previously undocumented Windows implant known as Nightdoor. Key findings:…
The government has been persistently making efforts to check cyber frauds under the secure India project, at three levels- National, Organisational and Individual, said Ashwini Vaishnaw, Minister of Communications, Railway, and Electronics & Information Technology. For coordination among the stakeholders to curb misuse of telecom resources in cyber-crime and financial frauds, ‘Chakshu’ facility on Sanchar…
Hackers from Russia, China, and Iran have been using tools from Microsoft-backed OpenAI to hone their skills and trick their targets, according to a report published on Wednesday. Microsoft MSFT.O, opens new tab said in its report it had tracked hacking groups affiliated with Russian military intelligence, Iran’s Revolutionary Guard, and the Chinese and North…
Maharashtra Chief Minister Eknath Shinde on Thursday said planning is on for a cyber security project worth Rs 837 crore to prevent and solve digital-era crimes and make the state safe from such offences, reported news agency PTI. He said the advanced technology project will make Maharashtra a cyber crime safe state. Crime has changed in today`s…
The United Kingdom and France will jointly host a diplomatic conference at Lancaster House in London this week in feb 2024, to launch a new international agreement addressing “the proliferation of commercial cyber intrusion tools.” According to the Foreign Office, 35 nations will be represented at the conference, alongside “big tech leaders, legal experts, and…
There has been a tremendous surge in cyber attack on Indian organizations and govt entities like the AIIMs in the year 2023 most of which has been accounted to Ransomware attack. The number of cyber attack cases in India increased by 15% per week on an average in 2023 as per Check Point and emerged…
