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How MFA Failures are Fueling a 500% Surge in Ransomware Losses

The cybersecurity threat landscape has witnessed a dramatic and alarming rise in the average ransomware payment, an increase exceeding 500%. Sophos, a global leader in cybersecurity, revealed in its annual “State of Ransomware 2024” report that the average...

•July 2, 2024•No comments

New Intel CPU Vulnerability ‘Indirector’ Exposes Sensitive Data

Modern CPUs from Intel, including Raptor Lake and Alder Lake, have been found vulnerable to a new side-channel attack that could be exploited to leak sensitive information from the processors. The attack, codenamed Indirector by security researchers Luyi...

•July 2, 2024•No comments

Meta’s ‘Pay or Consent’ Approach Faces E.U. Competition Rules Scrutiny

Meta’s decision to offer an ad-free subscription in the European Union (E.U.) has faced a new setback after regulators accused the social media behemoth of breaching the bloc’s competition rules by forcing users to choose between seeing ads...

•July 2, 2024•No comments

Chinese Hackers Exploiting Cisco Switches Zero-Day to Deliver Malware

A China-nexus cyber espionage group named Velvet Ant has been observed exploiting a zero-day flaw in Cisco NX-OS Software used in its switches to deliver malware. The vulnerability, tracked as CVE-2024-20399 (CVSS score: 6.0), concerns a case of...

•July 2, 2024•No comments

Australian Man Charged for Fake Wi-Fi Scam on Domestic Flights

An Australian man has been charged with running a fake Wi-Fi access point during a domestic flight with an aim to steal user credentials and data. The unnamed 42-year-old “allegedly established fake free Wi-Fi access points, which mimicked...

•July 2, 2024•No comments

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