Imagine being able to train your defense systems on cyberattacks that haven’t even happened yet. Far from being farfetched, that reality is now fast becoming a necessity for today’s firms. The future of cybersecurity is increasingly being shaped by the use of generative adversarial networks...
Ransomware attacks have surged this year, despite efforts to curb them. As a result, experts are now reconsidering the idea of banning ransom payments altogether, Bloomberg reported Wednesday (Oct. 25). Ransomware payments have reached nearly $500 million through September, marking a 50% increase compared to the same...
A report found that a major payment system cyberattack could cost $3 trillion. The report, “Illuminating cyber crime,” was published Wednesday (Oct. 18) by insurance marketplace Lloyd’s of London and the Cambridge Center for Risk Studies, which researches systemic threats. It said that even the...
The U.S. government is taking a stand against the growing threat of ransomware attacks by urging other countries to commit to not making ransom payments to hackers. The move comes ahead of an annual meeting in Washington, D.C., of over 45 nations amid a growing...
Internet companies Google, Amazon and Cloudflare have successfully defended against the largest-known denial-of-service attack on the internet, raising concerns about a new technique that could potentially cause widespread disruption. Denial-of-service attacks involve overwhelming targeted servers with a flood of bogus requests for data, rendering it impossible for legitimate web...
In recent months, a group of hackers known as “Scattered Spider” has been making headlines for their involvement in major cyberattacks. This group, known for its social engineering tactics, has been linked to breaches on major casino companies, including Caesars Entertainment and MGM Resorts International. Now, they are suspected...
In an increasingly digital world, a significant share of consumers are relying more and more on single-service apps for their routine financial and shopping needs. But as much as demand for a streamlined, all-in-one finance and shopping app is on the rise, the jury is...
The hackers who broke into the systems of two casino giants recently also carried out cyberattacks on three other companies. That’s according to David Bradbury, chief security officer of the identity management company Okta, who said in an interview with Reuters on Tuesday (Sept. 19) that the groups...
The recent cyberattacks on Caesars Entertainment and on MGM Resorts reportedly may have been launched with stolen login credentials. A cybersecurity company based in London, DynaRisk, discovered that the login credentials of MGM and Caesars employees were being sold on underground forums for cybercriminals, the Financial Times (FT) reported Friday (Sept. 15). The data...
