Multiple vulnerabilities in Nexx smart devices have been discovered, which can be exploited to control garage doors, disable home alarms, or smart plugs. The vulnerabilities include the use of universal credentials hardcoded in the firmware, allowing attackers to remotely control any customer’s devices. This vulnerability can also be used to identify Nexx users and collect […]
As cyberattacks become increasingly sophisticated, companies face severe financial and reputational damage. With the use of artificial intelligence and machine learning, hackers exploit vulnerabilities, making social media scams more challenging to detect. Therefore, cybersecurity has become a key factor when considering a move to the cloud. Cloud ERP providers invest heavily in capabilities to protect […]
According to research by the GSMA, the market for virtual network slicing among businesses is estimated to reach a value of USD$300bn by 2025. However, mobile operators must be aware of the added responsibility they will face regarding cybersecurity if they choose to offer network slicing to their business clients using their 5G networks. SecurityGen’s […]
The collaboration between the United States and Costa Rica on cybersecurity has been confirmed, with the United States announcing a plan to provide $25 million to enhance Costa Rica’s digital infrastructure. The US Department of State intends to allocate around $25 million in funding, subject to congressional approval, to improve Costa Rica’s cyber defenses against […]
Capita, a major outsourcing company with £6.5 billion in public sector contracts, has confirmed that a cyber attack caused IT outages for some of its services on March 31. The attack affected the company’s internal Microsoft 365 applications, resulting in disruptions to some services provided to individual clients. While the majority of the company’s client […]
A group of fraudulent extortionists are exploiting data breaches and ransomware attacks to scam US companies. They threaten to sell or publish allegedly stolen data unless payment is made. In some cases, the group has added a distributed denial-of-service (DDoS) attack threat. The group, calling themselves Midnight, impersonates ransomware and data extortion gangs in emails, […]
As businesses face a challenging economic environment in 2023, cybersecurity remains a top priority due to the increasing prevalence of cyberattacks and exploding data volumes. Even though 65% of organizations plan to increase their cybersecurity spending this year, organizations must not ease up on cybersecurity efforts. All businesses are at risk of cyber threats, and […]
The recent banking crisis has led investors to question the impact on the cloud economy and tech stocks. However, the market suggests that the cloud is a port in the storm, with technology stocks doing well so far this year. This could be due to tech spending holding up relatively well, strong balance sheets, and […]
Western Digital has reported a security breach that resulted in an unauthorized party gaining access to multiple systems. The California-based computer drive maker and data storage services provider said in a press release that the network security incident was discovered on March 26. The company has initiated an investigation with the help of outside security […]
Pinduoduo, one of China’s most popular e-commerce platforms with over 750 million users a month, has been found to have malware in its app, according to several cybersecurity researchers. The malware, which exploits vulnerabilities in Android operating systems, can monitor users’ activities on other apps, access notifications, read private messages and change settings. Experts have […]