cybersecurity

$1.5B Hack of Bybit Might Be the Largest Crypto Heist Ever

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.5B Hack of Bybit Might Be the Largest Crypto Heist Ever

Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits. Zhou told users on Friday that their funds were “safe,” and the firm would refund anyone…

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Google Announces Quantum-Safe Digital Signatures in Cloud KMS

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Google Announces Quantum-Safe Digital Signatures in Cloud KMS

Google announced on Thursday the development of quantum-safe digital signatures (FIPS 204/FIPS 205) in Google Cloud Key Management Service (Cloud KMS) for software-based keys. This is available in preview. The search giant also provided a high-level view into its post-quantum strategy for Google Cloud encryption products, including Cloud KMS and the Cloud Hardware Security Module (Cloud HSM). More Google news & tips Mounting concern over public-key cryptography systems This is significant, the company said, because…

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Apple Breaks Silence on UK Probe, Removes Data Protection Tool From UK Users

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Apple Breaks Silence on UK Probe, Removes Data Protection Tool From UK Users

In response to a U.K. government inquiry about access to data sequestered on Apple devices, Cupertino has removed access to the Advanced Data Protection encryption feature from U.K.-held devices. “We have never built a backdoor or master key to any of our products or services and we never will,” an anonymous Apple representative wrote in a statement emailed to TechRepublic. Must-read Apple coverage UK wants law enforcement to be able to access data on individual…

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15 Months of Powerful Cyber Protection and Backup for Only $30

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15 Months of Powerful Cyber Protection and Backup for Only

TL;DR: Get the ultimate in cyber protection with a 15-month subscription to 50GB Norton 360 Deluxe PC Cloud Storage Backup for 5 Devices — now 71% off for a best-on-web price of $29.99. If you’ve been worrying about data security because strong cloud storage backup is either too expensive or offers too little space for your files, then worry no more. A 15-month subscription to 50GB Norton 360 Deluxe PC Cloud Storage Backup for 5…

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Final Participant List for Cyber Pilot Released

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Final Participant List for Cyber Pilot Released

FCC Announcement on Cybersecurity Pilot Program On January 16, 2025, the Federal Communications Commission (FCC) issued a public announcement revealing the schools, libraries, and consortia that have been chosen to take part in the Cybersecurity Pilot Program. A total of 707 applicants have been selected to proceed with the application process. Next Steps for Participants As participants in the Pilot Program, these applicants will need to provide more comprehensive details regarding their cybersecurity experiences through…

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Darktrace: 96% of Phishing Attacks in 2024 Exploited Trusted Domains

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Darktrace: 96% of Phishing Attacks in 2024 Exploited Trusted Domains

Threat actors are increasingly targeting trusted business platforms such as Dropbox, SharePoint, and QuickBooks in their phishing email campaigns and leveraging legitimate domains to bypass security measures, a new report released today has found. By embedding sender addresses or payload links within legitimate domains, attackers evade traditional detection methods and deceive unsuspecting users. According to Darktrace’s Annual Threat Report 2024, the authors detected more than 30.4 million phishing emails, reinforcing phishing as the preferred attack…

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Reaping the Benefits of the Digital Healthcare Revolution

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Reaping the Benefits of the Digital Healthcare Revolution

The European healthcare system grapples with an ageing population, increasing pressure on public health budgets and rising costs, as well as acute shortages of healthcare workers post-Covid-19. Like in many other sectors, the pandemic was a catalyst for the digital transformation of healthcare, rapidly accelerating the adoption of telehealth and remote care solutions across Europe. In Ireland, for instance, the use of telemedicine has been multiplied by five since March 2020, with 20% of the…

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UK Government Reportedly Demands Access to Encrypted iCloud Files

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UK Government Reportedly Demands Access to Encrypted iCloud Files

The U.K.’s office of the Home Secretary has allegedly asked Apple to provide a backdoor into any material any user has uploaded to iCloud worldwide, The Washington Post reported on Feb. 7. Anonymous sources provided The Washington Post the information and expressed concerns about tech companies being leveraged for government surveillance. Apple has not commented; however, in March, the company provided a statement to Parliament on the occasion of receiving notice of a potential request,…

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IT Leaders Fear AI-Driven Cybersecurity Costs Will Soar

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IT Leaders Fear AI-Driven Cybersecurity Costs Will Soar

IT leaders are concerned about the rocketing costs of cyber security tools, which are being inundated with AI features. Meanwhile, hackers are largely eschewing AI, as there are relatively few discussions about how they could use it posted on cyber crime forums. Featured Partners: Artificial Intelligence (AI) Software 1 New Relic Visit website Optimize your business operations with New Relic’s comprehensive observability platform. Designed for multi-dimensional enterprises, it provides real-time insights and robust application performance…

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Ransomware Payments Decreased by 35% in 2024

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Ransomware Payments Decreased by 35% in 2024

Ransomware payments took an unexpected plunge in 2024, dropping 35% to approximately $813.55 million — despite payouts surpassing $1 billion for the first time in 2023. The decline was largely driven by a series of successful law enforcement takedowns and improved cyber hygiene, which enabled more victims to refuse payment, according to blockchain platform Chainalysis. The drop came as a surprise, considering the upward trend seen earlier in the year. In fact, ransomware actors extorted…

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