How MFA Failures are Fueling a 500% Surge in Ransomware Losses

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The cybersecurity threat landscape has witnessed a dramatic and alarming rise in the average ransomware payment, an increase exceeding 500%. Sophos, a global leader in cybersecurity, revealed in its annual "State of Ransomware 2024" report that the average ransom payment has increased 500% in the last year with organizations that paid a ransom reporting an average payment of $2 million, up from
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New Intel CPU Vulnerability ‘Indirector’ Exposes Sensitive Data

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Modern CPUs from Intel, including Raptor Lake and Alder Lake, have been found vulnerable to a new side-channel attack that could be exploited to leak sensitive information from the processors. The attack, codenamed Indirector by security researchers Luyi Li, Hosein Yavarzadeh, and Dean Tullsen, leverages shortcomings identified in Indirect Branch Predictor (IBP) and the Branch Target Buffer (BTB
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Threathunt 2030 (ENISA)

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2024 edition of the Threathunt 2030 conference, the ENISA flagship conference focused on the emerging cybersecurity threats of the future and on how the Union and Member States can best foresee, identify, prevent and respond to future challenges.
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Meta’s ‘Pay or Consent’ Approach Faces E.U. Competition Rules Scrutiny

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Meta's decision to offer an ad-free subscription in the European Union (E.U.) has faced a new setback after regulators accused the social media behemoth of breaching the bloc's competition rules by forcing users to choose between seeing ads or paying to avoid them. The European Commission said the company's "pay or consent" advertising model is in contravention of the Digital Markets Act (DMA).
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Chinese Hackers Exploiting Cisco Switches Zero-Day to Deliver Malware

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A China-nexus cyber espionage group named Velvet Ant has been observed exploiting a zero-day flaw in Cisco NX-OS Software used in its switches to deliver malware. The vulnerability, tracked as CVE-2024-20399 (CVSS score: 6.0), concerns a case of command injection that allows an authenticated, local attacker to execute arbitrary commands as root on the underlying operating system of an affected
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Australian Man Charged for Fake Wi-Fi Scam on Domestic Flights

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An Australian man has been charged with running a fake Wi-Fi access point during a domestic flight with an aim to steal user credentials and data. The unnamed 42-year-old "allegedly established fake free Wi-Fi access points, which mimicked legitimate networks, to capture personal data from unsuspecting victims who mistakenly connected to them," the Australian Federal Police (AFP) said in a press
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Critical Flaws in CocoaPods Expose iOS and macOS Apps to Supply Chain Attacks

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A trio of security flaws has been uncovered in the CocoaPods dependency manager for Swift and Objective-C Cocoa projects that could be exploited to stage software supply chain attacks, putting downstream customers at severe risks. The vulnerabilities allow "any malicious actor to claim ownership over thousands of unclaimed pods and insert malicious code into many of the most popular iOS and
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