Tag "cybersecurity"
US Treasury, MAS Join Forces to Bolster Cross-Border Cybersecurity Coordination
The US Department of the Treasury (Treasury) and the Monetary Authority of Singapore (MAS) recently concluded a cross-border cybersecurity exercise, which took place between 25 and 27 April. The exercise aimed to assess and fortify existing information exchange and incident
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Ransomware, Wiper, Botnet Attacks Are on the Rise Warns Fortinet
In 2022, cybercriminals became more methodical and innovative in their tactics, reviving old methods, introducing new advanced attack techniques, and continually coming up with more sophisticated ways to infiltrate networks, according to a new report by American cybersecurity firm Fortinet.
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Inside Jobs, Cloud Abuse and Ransomware Attacks Are 2023’s Top Cybersecurity Threats
Persistent insider threats, cloud infrastructure misuse and abuse, and the sophistication of cyberattacks are fostering a riskier cyber environment for organizations worldwide. At Securonix, a company specializing in security intelligence solutions, new vulnerabilities are being identified at nearly double the
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Kaspersky Report: Crypto Collapse Could Lead to Increased DDoS Activity
Recent projects failure and crash in the cryptocurrency market, including the Terra/Luna debacle, have pushed crypto prices further down and triggered an increase in distributed denial-of-service (DDoS) attacks. As crypto markets continue to plunge and show no sign of recovery,
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Security Becomes Top Concern for FSI Leaders as Cyber Attacks Become More Sophisticated
In the finance sector, security has become a top-of-mind issue for business leaders as the number of cyberattacks skyrockets and campaigns become more sophisticated. This is according to findings from a new survey conducted by cloud computing firm VMware. The
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Asian Firms Are Quick to Embrace Zero Trust Security Framework, Okta Survey Says
Over the past year, organisations in Asia have embraced the zero trust security framework at a fast pace, recognising the need to upgrade their IT security strategy to address the ongoing digital shift, according to a new survey by Okta,
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COVID-19 Sparks Surge and Sophistication of Social Engineering Attacks
Social engineering techniques are growing in quantity and sophistication as cybercriminals capitalise on the fear induced by COVID-19 as well as consumers’ increased online presence to trick victims and defraud them. The 2021 Verizon Data Breach Investigations Report (DBIR) shows
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Experts Warn of Rapidly Evolving Fraud Techniques in the Wake of COVID-19
Like businesses have embraced digitalization to evolve in the wake of COVID-19, fraudsters and scammers too are embracing digital technology to evolve the threat that they pose to businesses and the public, experts from Visa, Rizal Commercial Banking Corporation (RCBC),
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Enhancing Remote Working and Cybersecurity a Top Priority of Asia Pacific
Across Asia-Pacific (APAC), firms are ramping up their digital transformation efforts, focusing primarily on adopting cloud computing, improving cybersecurity and enhancing remote working, a new survey by Australian telco firm Telstra. The study, conducted in late-2020, polled 420 business decision-makers
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Banks Need to Step Up as Fraudsters Target Surge in Digital Adoption by First Time Users
The COVID-19 pandemic has forced organisations and individuals to embrace new practices and move to online channels, bringing with it a significant increase in fraudulent activities. Affirming this situation, cybersecurity firm Kaspersky recorded a 20% increase in the share of
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