News – May 2024


  • Bank of Russia reports rising number of cyber attacks on financial infrastructure

    May 23, 2024

    The Bank of Russia reported an increase in the number of attacks on suppliers of various IT solutions used in the financial market, the regulator said in its report. “It is particularly noteworthy that attacks on third parties – suppliers of various IT solutions utilized in the financial market – have increased in frequency in 2023. ...

  • Optus sued by regulator over 2022 cyber-attack

    May 23, 2024

    Australia’s Communications and Media Authority (ACMA) has begun legal action against Optus, the country’s second largest telco, over a data breach it suffered in 2022. The watchdog has filed legal proceedings to the Federal Court, alleging that Optus “failed to protect the confidentiality of its customers’ personal information from unauthorised interference or unauthorised access,” and was ...

  • Cyber attacks on construction firms jump, new report finds

    May 23, 2024

    A new report has said that cyber attacks on construction companies doubled in the first quarter of this year compared to the same period in 2023. Risk advisory firm Kroll said the increase in attacks was “most likely due to the increased sophistication of business email compromise for either financial gain or as a pivot into ...

  • A Microsoft under attack from government and tech rivals after ‘preventable’ hack ties executive pay to cyberthreats

    May 22, 2024

    Microsoft has come under fire recently from both the U.S. government and rival companies for its failure to stop a Chinese hack of its systems last summer. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity. In April, a government review board described a hack of Microsoft last summer attributed ...

  • London council warns residents’ data may have been compromised by cyber attack on healthcare provider

    May 22, 2024

    A London council has warned residents their personal data may have been compromised after a healthcare provider was hit by a cyber attack. The City of London Corporation said it is working with NRS Healthcare to understand the extent of the breach, and will be in contact with any residents whose information has been taken. The ...

  • New Caledonia foils a cyberattack “of unprecedented strength”

    May 22, 2024

    Millions of emails, from “different countries”, were sent to New Caledonia on Tuesday, May 21, after the announcement of Emmanuel Macron’s visit to the territory. “An access provider suffered an attack to saturate the New Caledonian network. The teams managed to control this attack. Millions of emails were sent simultaneously to an email address, which was ...

  • Why Microsoft’s New AI Feature Has Prompted Privacy Concerns

    May 22, 2024

    Microsoft introduced a new series of products, named Copilot+ PCs, that are designed to be integrated with artificial intelligence technology in mind. The company has reportedly struggled with the laptop market in recent months, with sales of the flagship surface pro laptops declining significantly in 2023. But the new AI device features have raised privacy concerns. ...

  • Patriot Mobile Suffers Data Breach Impacting Subscriber’s Personal Data

    May 21, 2024

    U.S. mobile service provider Patriot Mobile fell victim to a security incident resulting in the leak of subscriber details including names, email addresses, zip codes, and account PINs, as reported by TechCrunch. The operator, Patriot Mobile, which boasts itself as a “Christian conservative wireless provider” with an estimated customer base under 100,000, has been seen endorsing ...

  • 23-year-old man accused of running $100 million online narcotics marketplace

    May 21, 2024

    Federal authorities have arrested a 23-year-old Taiwanese national and charged him with running an online market that sold $100 million worth of illicit narcotics, including fentanyl, cocaine, methamphetamine, heroin, LSD, and ketamine. The authorities said that for almost four years, Rui-Siang Lin operated and owned the Incognito Market, an online marketplace on the dark web that ...

  • Western Sydney University staff, students caught in cyber attack

    May 21, 2024

    About 7500 staff and students have been caught up in a massive cyber attack at Western Sydney University. Police are investigating the breach, which the university says dates as far back as May 2023, when an unauthorised party got into the Microsoft Office system and accessed email accounts and SharePoint files. WSU says they have not ...