Stop incentivizing hackers by paying ransom: FBI Director Chris Wray

In a statement FBI Director Chris Wray has asked US companies and other victims of hacking to not pay ransom since it will only embolden and incentivize them for future attacks. “In general, we would discourage paying the ransom because it encourages more of these attacks, and frankly, there is no guarantee whatsoever that you…

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SolarWinds hack was the largest and most sophisticated cyber attack to date: Microsoft president

In a statement, Microsoft Corp’s President Brad Smith said, the SolarWinds hacking campaign that used the U.S. tech company as a springboard to compromise many U.S. government agencies is “the largest and most sophisticated attack the world has ever seen”. The hacking campaign, identified in December 2020, was allegedly orchestrated by China and Russia, had…

SolarWinds products have been injected with malicious code by state-backed hackers

In a statement, SolarWinds, an IT company said, monitoring products that it had released earlier this year in March and in June may have been surreptitiously tampered with in a “highly-sophisticated, targeted and manual supply chain attack by a nation state.” The statement by SolarWinds comes even as the U.S. intelligence community is investigating cyber…

Hackers used booby trapped text messages to retrieve data stored in cellphones

Amnesty International’s report details how booby-trapped text messages were used to collect information stored locally on cellphones. A research by Amnesty International has uncovered that hackers armed with sophisticated spying software have been targeting Moroccan human rights activists midst a government crackdown on protests in recent years. The report released by the British non-profit human…

North Korea made $2 billion through cyber attacks: U.N report

The North Korean regime has managed to increase the sophistication of its cyber attacks, which have successfully targeted banks and cryptocurrency exchanges. According to a confidential report by the United Nations, North Korea has amassed a estimated $2 billion using “widespread and increasingly sophisticated” cyberattacks that targeted banks and cryptocurrency exchanges. North Korea plans on…

Chinese hackers targeted global telecom companies

U.S.-Israeli cyber security firm Cybereason has been investigating these hacking attacks by Chinese hackers for the last 9 months. On Tuesday, researchers from a cyber security company Cybereason stated, Chinese hackers have broken into the systems of more than a dozen global telecoms companies and have stolen large amounts of personal and corporate data. According…