Wei Chieh Lim, CEO at Swarmnetics

Hands typing on keyboard showing fake tax refunds by scammers

Canada Revenue Agency Admits Paying Out $190 Million to Scammers, Fake Tax Refunds

November 5, 2024

CRA has lost about $190 million in payments made to scammers since 2020, with the highlight item being a $40 million tax refunds scam in which the perpetrator simply logged into an account and requested the astounding sum of money using false T4A income reporting slips.

Hacker in handcuffs on the street showing data breaches

Cyber Security News

Hacker “USDoD” Arrested in Brazil for Long String of Data Breaches

October 25, 2024

USDoD has a years-long history of data breaches, leaking the stolen information or offering it for sale on hacking forums. This has included some extremely damaging collections of information, the largest of which thus far has been the National Public Data breach.

UN assembly showing cybercrime convention

Cyber Security News

UN Cybercrime Convention Treaty Criticized by Both Activist and Business Interests

August 23, 2024

Despite receiving a raucous round of applause upon its adoption, the UN cybercrime convention's new treaty seems to thus far have displeased most of the entire spectrum of private interests.

Hand using calculator showing cost of data breach

Cyber Security News

IBM Cost of Data Breach 2024: Breach Costs up 10%, With the Biggest Damage Done in Public Clouds

August 2, 2024

IBM's annual Cost of Data Breach report, created in conjunction with Ponemon Institute, shows no relief in sight for victims of breaches with a 10% jump in the global average cost on the year. The highest average cost per incident, $5.17 million, was incurred when the breached data was stored in public clouds.

Key made out of binary code showing ransomware decryptor for Indonesian national data center

Cyber Security News

Cyber Crime Group Provides Ransomware Decryptor to Indonesian National Data Center for Free, Asks for Donations

July 9, 2024

The cyber crime group that locked up an Indonesian national data center last month, impacting hundreds of government services, has opted to provide the ransomware decryptor for free. This was accompanied by an apology, but also a donation link exhorting the Indonesian government and public to show gratitude for their supposed generosity.

Cyber Security News

Cyber Attacks Hit DeFi Protocols for a Combined $25 Million

May 27, 2024

DeFi protocols had a bad day as Sonne Finance took the bulk of the loss, with about $20 million stolen via an exploitable bug. Cyber attacks also hit two other providers.

Hacker stealing data from digital tablet showing commercial spyware and US sanctions

Data Privacy News

European Commercial Spyware Company Hit With US Sanctions

March 26, 2024

A Europe-based company that has previously been blacklisted for its commercial spyware is now under US sanctions. The US state department blacklisted the software for trade in mid-2023.

Unlocked virtual padlock showing data breaches

Cyber Security News

Identity Theft Resource Center: 2023 Worst Year on Record for Number of Data Breaches

February 7, 2024

ITRC report noted that the 3,205 data breaches recorded last year shatters the prior record of 1,860 and is a 78% increase from a similar number (1,806) seen in 2022.

Cyber Security News

Beijing Claims Chinese Tech Firm Has Cracked Apple’s AirDrop Sharing Encryption

February 6, 2024

Beijing’s Justice Bureau says that Wangshendongjian Technology has provided it with the capability to capture mobile phone numbers and email addresses associated with the sending device. AirDrop sharing encryption has been in question for some time.

Telecom provider tower showing Russian hackers backdoor access

Cyber Security News

Russian Hackers Had Backdoor Access to Ukraine’s Largest Telecoms Provider For Over Half of 2023

January 11, 2024

Russian hackers had access to Ukraine's biggest telecoms provider for most of 2023, and likely had "full access" for at least the months of November and December.

Canada Revenue Agency Admits Paying Out $190 Million to Scammers, Fake Tax Refunds

Hacker “USDoD” Arrested in Brazil for Long String of Data Breaches

UN Cybercrime Convention Treaty Criticized by Both Activist and Business Interests

IBM Cost of Data Breach 2024: Breach Costs up 10%, With the Biggest Damage Done in Public Clouds

Cyber Crime Group Provides Ransomware Decryptor to Indonesian National Data Center for Free, Asks for Donations

Cyber Attacks Hit DeFi Protocols for a Combined $25 Million

European Commercial Spyware Company Hit With US Sanctions

Identity Theft Resource Center: 2023 Worst Year on Record for Number of Data Breaches

Russian Hackers Had Backdoor Access to Ukraine’s Largest Telecoms Provider For Over Half of 2023

Iranian-Linked Cyber Attack Shuts Down a UK Power Plant

FBI, CISA, and HHS Warn about Medusa Ransomware Targeting Over 500 Critical Infrastructure Organizations

OpenAI Announces New Security Safeguards After Internal Model Crosses “Critical” Threshold