Tag #Cybersecurity

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lefigaro.fr

🌐 90% Global Worthiness

Feb 27, 13:14

Bybit Suffers $1.4 Billion Cryptocurrency Theft

On February 21st, 2024, Bybit, a Singapore-based cryptocurrency exchange, suffered a $1.4 billion theft of 401,000 Ethereum from a cold wallet after a co-founder approved a seemingly legitimate transaction, causing a 7% drop in Ethereum's price.

Bybit Suffers $1.4 Billion Cryptocurrency Theft

On February 21st, 2024, Bybit, a Singapore-based cryptocurrency exchange, suffered a $1.4 billion theft of 401,000 Ethereum from a cold wallet after a co-founder approved a seemingly legitimate transaction, causing a 7% drop in Ethereum's price.

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What security procedures were in place at Bybit, and how were they bypassed during the theft?

The incident highlights the vulnerabilities of even large, established cryptocurrency exchanges to sophisticated phishing attacks or internal breaches. Despite multiple layers of verification, a fraudulent link likely bypassed security protocols, allowing the attacker to drain the cold wallet. This points to systemic risks within the cryptocurrency industry.

nrc.nl

🌐 85% Global Worthiness

Feb 27, 10:12

Rotterdam Ahoy Investigated as Potential Terrorist Target

Dutch police investigate after a pro-ISIS website names Rotterdam Ahoy as a potential target for attacks during the Festival der Liebe (March 7-8), prompting security reviews.

Rotterdam Ahoy Investigated as Potential Terrorist Target

Dutch police investigate after a pro-ISIS website names Rotterdam Ahoy as a potential target for attacks during the Festival der Liebe (March 7-8), prompting security reviews.

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Peace, Justice, and Strong Institutions

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How does this incident reflect broader patterns of ISIS propaganda and its effectiveness in inciting violence?

The threat, publicized on the Al Saif Media website, aims to incite panic and copycat attacks, according to experts. Targeting large events like the festival maximizes potential impact and exploits security challenges. This tactic mirrors past ISIS propaganda campaigns.

forbes.com

🌐 85% Global Worthiness

Feb 27, 19:14

NTT DATA Accelerates Enterprise Digital Transformation with Private 5G

NTT DATA's private 5G platform is accelerating enterprise digital transformation by offering deterministic connectivity and automation for operational technology, addressing security concerns and achieving economic scale; key deployments include Brownsville, Texas, and Roularta Media Group.

NTT DATA Accelerates Enterprise Digital Transformation with Private 5G

NTT DATA's private 5G platform is accelerating enterprise digital transformation by offering deterministic connectivity and automation for operational technology, addressing security concerns and achieving economic scale; key deployments include Brownsville, Texas, and Roularta Media Group.

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Industry, Innovation, and Infrastructure

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What are the key advantages of NTT DATA's private 5G offering, and how is it impacting enterprise digital transformation?

NTT DATA, the global business services arm of Nippon Telegraph and Telephone, is accelerating enterprise digital transformation with its private 5G cellular networking platform. This platform offers deterministic connectivity and automation for operational technology, addressing challenges like complex deployments and security concerns. Key deployments include the City of Brownsville, Texas, leveraging private 5G for smart city applications and industrial IoT connectivity.

fr.allafrica.com

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Feb 27, 13:14

Algeria Emphasizes Data Protection in Electronic Transactions

The Court of Algiers held a conference on Wednesday addressing the legal and technical aspects of electronic certification, signatures, and personal data protection in Algeria, emphasizing the need for measures to secure electronic transactions and protect individual rights in the face of growing IC...

Algeria Emphasizes Data Protection in Electronic Transactions

The Court of Algiers held a conference on Wednesday addressing the legal and technical aspects of electronic certification, signatures, and personal data protection in Algeria, emphasizing the need for measures to secure electronic transactions and protect individual rights in the face of growing IC...

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Peace, Justice, and Strong Institutions

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What are the key legal and technical challenges posed by the rise of social media and other ICTs in Algeria, and how is the government addressing them?

The Algerian Court of Algiers hosted a conference on electronic certification, signatures, and personal data protection, highlighting the legal and technical aspects crucial in the age of social media.

t24.com.tr

🌐 90% Global Worthiness

Feb 26, 01:10

North Korean Hackers Steal $1.5 Billion in Record Cryptocurrency Heist

The Lazarus Group, a North Korean hacking entity, stole $1.5 billion in cryptocurrency from Bybit, a Dubai-based exchange, marking the largest cryptocurrency heist in history, exceeding $2 billion in total cryptocurrency theft in 2022 and over $1 billion annually for the past four years.

North Korean Hackers Steal $1.5 Billion in Record Cryptocurrency Heist

The Lazarus Group, a North Korean hacking entity, stole $1.5 billion in cryptocurrency from Bybit, a Dubai-based exchange, marking the largest cryptocurrency heist in history, exceeding $2 billion in total cryptocurrency theft in 2022 and over $1 billion annually for the past four years.

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What are the immediate implications of the $1.5 billion Bybit cryptocurrency heist, and how does it impact global financial security?

A $1.5 billion cryptocurrency heist from Bybit, a Dubai-based exchange, marks the largest ever, exceeding previous years' totals. The stolen funds, primarily Ethereum, were rapidly dispersed across hundreds of accounts. Investigations by Elliptic and Arkham revealed the perpetrators to be the Lazarus Group, a North Korean hacking entity.

euronews.com

🌐 85% Global Worthiness

Feb 26, 10:09

IRS Reports $9.1 Billion in Tax Fraud, Warns of Rising Scam Risks

The IRS reported $9.1 billion (€8.7bn) in fraud from financial and tax crimes in 2024, prompting warnings about various scams including fake refunds, ghost preparers, fake charities, smishing/phishing, back tax demands, social media scams, and schemes targeting non-English speakers and seniors.

IRS Reports $9.1 Billion in Tax Fraud, Warns of Rising Scam Risks

The IRS reported $9.1 billion (€8.7bn) in fraud from financial and tax crimes in 2024, prompting warnings about various scams including fake refunds, ghost preparers, fake charities, smishing/phishing, back tax demands, social media scams, and schemes targeting non-English speakers and seniors.

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What is the scale of tax fraud, and what are the most prevalent types of scams targeting taxpayers?

In 2024, the IRS reported $9.1 billion in fraud from financial and tax crimes, highlighting the urgency for taxpayers to be vigilant against scams. Common tactics include fraudulent refund offers, ghost tax preparers, and fake charities.

dw.com

🌐 90% Global Worthiness

Feb 27, 16:11

Cybersecurity Flaws Expose Global Solar Power Plants

A US-based hacker remotely accessed an Indian solar power plant due to weak default passwords, revealing widespread vulnerabilities in renewable energy systems globally, potentially impacting power grids and raising concerns about geopolitical implications.

Cybersecurity Flaws Expose Global Solar Power Plants

A US-based hacker remotely accessed an Indian solar power plant due to weak default passwords, revealing widespread vulnerabilities in renewable energy systems globally, potentially impacting power grids and raising concerns about geopolitical implications.

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Affordable and Clean Energy

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What are the underlying causes of these vulnerabilities, and how do they relate to the broader geopolitical landscape?

The incident underscores the global cybersecurity risks associated with the increasing digitization of energy infrastructure. Experts have demonstrated access to millions of renewable energy units, raising concerns about potential large-scale disruptions.

pda.kp.ru

🌐 85% Global Worthiness

Feb 27, 16:11

Putin Orders FSB to Strengthen Counterterrorism and Cybersecurity

Russian President Vladimir Putin addressed the FSB, announcing increased terrorist activity linked to Ukraine, mandating heightened counterterrorism efforts, critical infrastructure protection, and stronger data security measures, alongside combating cyber threats and economic crimes.

Putin Orders FSB to Strengthen Counterterrorism and Cybersecurity

Russian President Vladimir Putin addressed the FSB, announcing increased terrorist activity linked to Ukraine, mandating heightened counterterrorism efforts, critical infrastructure protection, and stronger data security measures, alongside combating cyber threats and economic crimes.

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Peace, Justice, and Strong Institutions

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What are the immediate implications of the increased terrorist attacks in Russia, as described by President Putin?

During his address at the FSB board meeting, Vladimir Putin highlighted a rise in terrorist attacks, many linked to "Ukrainian special services and their handlers." He instructed the FSB to bolster counterterrorism efforts, particularly in the Donbas and Novorossiya regions, and enhance critical infrastructure protection. The increased activity of foreign intelligence agencies was also emphasized.

abcnews.go.com

🌐 75% Global Worthiness

Feb 27, 16:12

401 Arrested in Philippine Online Gambling Hub Raid

Philippine authorities raided a Pasay City online gambling and scam hub, arresting 401 people—207 Chinese, 132 Vietnamese, and others—on Wednesday night, seizing computers, SIM cards, and other equipment used in targeting customers outside the Philippines, highlighting the continued challenge of ill...

401 Arrested in Philippine Online Gambling Hub Raid

Philippine authorities raided a Pasay City online gambling and scam hub, arresting 401 people—207 Chinese, 132 Vietnamese, and others—on Wednesday night, seizing computers, SIM cards, and other equipment used in targeting customers outside the Philippines, highlighting the continued challenge of ill...

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How does this raid reflect the broader transnational nature of online scams in Southeast Asia?

The arrests underscore the persistence of large-scale online scams in the Philippines, despite President Marcos Jr.'s directive to end them. The involvement of various nationalities (Chinese, Vietnamese, South Korean, Malaysian, Indonesian, Myanmar, and Madagascar) and the use of cryptocurrency, romance, and investment scams indicate a sophisticated, transnational criminal network. The scale of the operation suggests significant challenges in enforcement.

elmundo.es

🌐 95% Global Worthiness

Feb 26, 01:10

Record-Breaking Cryptocurrency Theft: North Korean Hackers Steal €1.5 Billion from Bybit

North Korean hackers stole over €1.5 billion from Bybit, the world's second-largest cryptocurrency exchange, exploiting vulnerabilities in its decentralized wallet custody protocol; this is the largest cryptocurrency theft ever recorded and highlights significant risks within DeFi.

Record-Breaking Cryptocurrency Theft: North Korean Hackers Steal €1.5 Billion from Bybit

North Korean hackers stole over €1.5 billion from Bybit, the world's second-largest cryptocurrency exchange, exploiting vulnerabilities in its decentralized wallet custody protocol; this is the largest cryptocurrency theft ever recorded and highlights significant risks within DeFi.

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What is the global significance of the record-breaking cryptocurrency theft from Bybit?

A North Korean hacking group stole over €1.5 billion in cryptocurrency from Bybit, the world's second-largest cryptocurrency exchange with over 40 million users. This represents 6% of North Korea's GDP and is the largest cryptocurrency theft in history. Funds were quickly transferred among groups linked to the Pyongyang government, with at least $160 million moved in the hours following the attack, according to TRM Labs.

cnn.com

🌐 85% Global Worthiness

Feb 26, 01:10

Near-Miss at Chicago Midway Airport: Southwest Plane Avoids Collision with Private Jet

A Southwest Airlines plane and a private jet had a near-miss at Chicago Midway Airport on Tuesday morning when the private jet, a Bombardier Challenger 350, entered the runway without authorization, forcing the Southwest plane to perform a go-around to avoid a collision; the FAA and NTSB are investi...

Near-Miss at Chicago Midway Airport: Southwest Plane Avoids Collision with Private Jet

A Southwest Airlines plane and a private jet had a near-miss at Chicago Midway Airport on Tuesday morning when the private jet, a Bombardier Challenger 350, entered the runway without authorization, forcing the Southwest plane to perform a go-around to avoid a collision; the FAA and NTSB are investi...

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How did the communication breakdown between air traffic control and the private jet pilot contribute to this near-miss?

This incident follows a recent string of aviation safety incidents, raising concerns about air traffic control procedures and pilot adherence to instructions. The close call highlights the need for improved safety protocols and stricter enforcement of regulations. Flight data indicates the planes were approximately 2,050 feet apart before the Southwest plane initiated the go-around.

forbes.com

🌐 85% Global Worthiness

Feb 26, 10:09

SpyLend Android App: 100,000 Downloads Before Removal Highlights App Store Security Flaws

The SpyLend Android app, disguised as "Finance Simplified", rapidly increased downloads from 50,000 to 100,000 in a week before Google's removal; it enabled predatory lending, blackmail, extortion, and data theft, highlighting vulnerabilities in app store security.

SpyLend Android App: 100,000 Downloads Before Removal Highlights App Store Security Flaws

The SpyLend Android app, disguised as "Finance Simplified", rapidly increased downloads from 50,000 to 100,000 in a week before Google's removal; it enabled predatory lending, blackmail, extortion, and data theft, highlighting vulnerabilities in app store security.

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How did SpyLend's design and distribution methods exploit vulnerabilities in existing app store security measures?

SpyLend's rapid spread and malicious functionality underscore the need for robust app store security measures. Its use of external links to bypass Play Store scans and its exploitation of user data for blackmail showcase the evolving tactics of cybercriminals targeting financial applications. The app's success in India suggests a potential for broader geographical impact and cloning.

Showing 949 to 960 of 1,850 results