News Briefs

Ransomware Attacks Skyrocket: Median Cost Doubles to $26,000, Representing a Quarter of All Breaches, Reports Verizon

A report from Verizon Business's 16th annual Data Breach Investigations Report (DBIR) reveals a startling surge in the frequency and cost of cyberattacks. It analyzed 16,312 security incidents and 5,199 breaches, showing a sharp uptick in the cost of ransomware.  more

Gigabyte Motherboard Firmware Exposes Millions of PCs to Potential Cybersecurity Threats

In a potentially damaging cybersecurity revelation, researchers from the cybersecurity company Eclypsium have identified a hidden mechanism in the firmware of motherboards manufactured by Taiwanese company Gigabyte. more

EFF Raises Concerns Over EU’s Proposed Cyber Resilience Act

The Electronic Frontier Foundation (EFF) has voiced concerns about the European Union's proposed Cyber Resilience Act (CRA), saying it could pose significant threats to open-source developers and cybersecurity. more

Meta Lawsuit Leads to Significant Decline in Phishing Domains Tied to Freenom

A lawsuit filed by Meta has led to a significant decrease in phishing websites tied to the domain name registrar Freenom. Cybersecurity expert Brian Krebs in a report on Friday said that Freenom, which provides free domain name registration services, was a favored resource for cybercriminals due to its policy of protecting customer identities. more

CIRA Calls for Experienced Professionals to Join Its Board

The Canadian Internet Registration Authority (CIRA) is inviting experienced professionals to join its board and help guide the organization. more

Stealth Cyberattacks by China’s Volt Typhoon Threaten U.S. Infrastructure: Microsoft Unmasks Espionage Campaign

Microsoft today disclosed the detection of covert and targeted malicious activity aimed at critical infrastructure organizations in the United States. The attack is orchestrated by a state-sponsored group from China, known as Volt Typhoon, with the suspected objective of disrupting the communication infrastructure between the U.S. and Asia during potential future crises. more

New Research Reveals Over 340 Million Accounts Compromised in the First Four Months of 2023

Recent research conducted by the Independent Advisor reveals that a significant number of accounts, exceeding 340 million, have been compromised due to business data breaches within the first four months of 2023. Notably, Twitter experienced the largest breach this year, impacting approximately 235 million user accounts. more

The Rise of ChatGPT and Its Impact on Cybersecurity

The emergence of ChatGPT, a powerful AI language model developed by OpenAI, has revolutionized the way developers approach coding tasks. With its ability to generate code snippets and even entire software programs, ChatGPT offers convenience and time-saving potential. more

Google Fiber Ramps Up Testing of Its 20 Gigabit Internet Service

Google Fiber is pushing the boundaries of internet speed with the testing of its 20 Gigabit product. After successful trials in domestic settings, the tech giant is now taking its ultra-fast service to educational and professional organizations to further test its capabilities. more

U.S. Targets Russian Mastermind Behind Dominant Ransomware Landscape, Offers $10 Million Reward

The U.S. government has declared criminal charges, economic sanctions, and a $10 million reward for information leading to the arrest of a Russian citizen, Mikhail Matveev. Accused of a series of ransomware attacks, Matveev's alleged operations, known as Babuk, have targeted entities such as the D.C. police, an airline, and other American industries. more

New Google Domains Spark Cybersecurity Concerns: Risks and Reactions to .zip and .mov Top-Level Domains

In a developing cybersecurity concern, IT experts and researchers warn of potential misuse of Google's new .zip and .mov top-level domains (TLDs), which they argue could be exploited for phishing attacks and malware distribution. more

EU Lawmakers Call for Further Talks to Strengthen Proposed US Data Transfer Pact

EU lawmakers are pushing for additional negotiations to strengthen a proposed data transfer agreement between the European Union (EU) and the United States. They argue that the current agreement still has shortcomings that must be addressed. The potential delay in reaching an accord is concerning for the thousands of companies that rely on the agreement. more

US Justice Department and FBI Dismantle Long-Running Russian State-Sponsored Cyber-Espionage Operation Targeting NATO

The United States Department of Justice has announced that it has neutralized a global network of computers compromised by malware called "Snake," which the U.S. government attributes to a unit within Center 16 of the Federal Security Service of the Russian Federation (FSB). more

Verisign Issues Statement on ICANN’s Decision on .Web Auction

Verisign, a global provider of domain name registry services and internet infrastructure, released a statement today regarding the ICANN Board of Directors' decision on the .web auction. more

Celebrating 30 Years Since the World Wide Web Was Released to the Public

Thirty years ago, on April 30, 1993, a groundbreaking announcement was made by CERN that would irrevocably transform our world. Walter Hoogland and Helmut Weber, who held the positions of Director of Research and Director of Administration at CERN, respectively, released to the public a revolutionary tool initially proposed by Tim Berners-Lee in 1989. more