Industry News

cyberattack threat risk financial system Powell

Fed chair says cyberattack is the number-one threat to the financial system globally

In today’s business landscape, a cyberattack is now noted as the most prominent risk to every financial system in the world. It is considered higher than the lending and liquidity risks that resulted in the financial crisis of 2008, as stated by the Federal Reserve Chairman, Jerome Powell. The assessment of the world’s leading banking...
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DDoS distributed denial of service attack cyber threat software protection

Demand for DDoS protection software solutions will rise by 2020-2028

DDoS or Distributed Denial of Service is a type of malicious cyberattack that aims to flood and overwhelm a website or server with traffic that is more than what it can handle. As a result, this attack disrupts the service availability of the targeted website to render it inoperable. We have observed over recent years...
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OVH france data centre fire incident disaster recovery websites unavailable

Fire breaks out of OVH France data centre, disrupting services to websites around the world

A major unexpected incident happened in Strasbourg, France, where the data centres of OVH, a web hosting and cloud computing company. OVH is considered the third-largest hosting service provider globally and the largest in Europe. They also provide VPS, dedicated server hosting and various web services. Consumers and clients of OVH are being advised to...
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RIPE NCC credential-stuffing fraud prevention cyber-attack

Credential-stuffing attack targets RIPE NCC Internet Registry

RIPE NCC has disclosed a cyber-attack attempt against their single-sign–on service (SSO). They immediately issued a warning of possible credential-stuffing attack attempts and recommended their users to activate two-factor authentication (2FA). They need to disclose the hacking attempt because they are the regional internet registry for Europe, Western Asia and the former Soviet Union.  RIPE...
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GPT-3 GPT3 AI-generated text deepfake synthetic media

GPT-3 AI-generated text, deepfake and synthetic media

A few years ago, experts and cybersecurity researchers tried to imagine the kind of tactics and manipulation campaigns that might threaten the 2018 and 2020 elections. The misleading AI-generated videos have topped the list. Even though the technology is still emerging at that time, the projected potential abuse when utilized was very alarming that technology...
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akamai technology Inverse Internet of Things IoT Industry News

Akamai buys Inverse IoT security vendor

Akamai Technology is considered as one of the key players that offer digital and security services worldwide. With its vast network interconnectivity placed strategically in every corner of the globe, their contribution in having fast, reliable, and secured data and internet services becomes notable in the cyberworld.   The Inverse Company’s recent acquisition by Akamai...
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russian russia government warns US retaliatory cyberattacks

Russia warns of retaliatory cyberattacks from the US after SolarWinds breach

The Russian government issued a warning to organizations and companies in Russia regarding possible cyberattacks by the US as retaliation for the recent SolarWinds data breach. Just December 2020, SolarWinds had disclosed they suffered a sophisticated attack that led to a data breach affecting 18,000 clients and customers worldwide. Based on the reports and analysis...
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cybersecurity defenses financial industry 2021 fraud prevention threat intelligence

Cybersecurity Defense on the Banking Industry to soar by 2021

Major Banking Institution and other related financial firms are projecting and allocating higher budget to Fraud Prevention and cybersecurity systems to ward off cybercriminals. It is estimated to keep climbing in 2021 as companies establish a more secure digital financial workspace which is being highlighted during the current pandemic.   Cybersecurity is at the top...
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FireEye Data Breach Cozy Bear Russian APT Hacking Group

Cybersecurity firm FireEye has been hacked by a state-sponsored APT Group

FireEye, one of the leading cybersecurity companies, has released a statement that they were hacked by a government-backed hacking group threat actor/s. The published statement is that the cyber attackers were able to get their hands on Red Team assessment tool that FireEye uses to assess and test the client’s security systems. The tool was...
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