One cyber attack can cost major APAC ports $110B

One single cyber attack has the potential to cost major Asia-Pacific ports upwards of $110 billion in damages, a figure that is equivalent to half of total losses incurred from global natural disasters last year. This can occur in an Read More …

Cybercriminals Impersonate Russian APT ‘Fancy Bear’ to Launch DDoS Attacks

Cybercriminals posing as the Russian APT group Fancy Bear have been launching DDoS attacks against companies in the financial sector and demanding ransom payments, according to a new report. The large-scale, multi-vector DDoS attacks come with accompanying ransom letter. They Read More …

On-Board ‘Mystery Boxes’ Threaten Global Shipping Vessels

Commercial shipping environments are rife with vulnerabilities, according to researchers – up to and including unpatched “mystery boxes” that no one knows anything about. “In every single [nautical pen] test to date we have unearthed a system or device, that Read More …

Outbreak of a flu-like illness could circulate the world in 36 hours and kill 80million people – report

A flu-like illness could travel around the world in 36 hours and kill 80million people, experts have warned. A century ago the Spanish flu pandemic infected a third of the world’s population and killed 50million people. If a similar outbreak Read More …

Uncovering IoT Threats in the Cybercrime Underground

Amid the growth of the internet of things (IoT), manufacturers and integrators are testing the limits of how the technology can be applied, as seen in how new forms of connected devices are hitting the market. Some applications play critical Read More …

Unusual CEO Fraud via Deepfake Audio Steals US$243,000 From UK Company

An unusual case of CEO fraud used a deepfake audio, an artificial intelligence (AI)-generated audio, and was reported to have conned US$243,000 from a U.K.-based energy company. According to a report from the Wall Street Journal, in March, the fraudsters used a voice-generating Read More …

Pakistan: New Attacks Raise Fears Of A Taliban Return

Recent bomb attacks in a northwestern Pakistani district have raised fears about the possible return of the Taliban. Residents of Bajaur are worried that two recent fatal bomb attacks might herald the reappearance of the Taliban, whose violence wreaked havoc Read More …

German bank loses €1.5 million in mysterious cashout of EMV cards

Criminals have stolen more than €1.5 million ($1.65 million) from a German bank by cloning customer debit cards and then cashing out user funds across Brazil, despite the original cards being protected by EMV (chip-and-PIN) technology. The thefts happened last Read More …

2 policemen injured in ISIS attack targeting Bangladesh Minister in Dhaka

The bomb was thrown from the footbridge at the Science Lab intersection on Saturday night when the Minister was passing through the area, reports said. Two policemen were injured in a blast near the car of a Bangladeshi Minister in Read More …