Coinbase, a leading cryptocurrency exchange based in the United States, recently fell victim to a substantial cyberattack, with potential losses projected between $180 million and $400 million for the current fiscal year. This assessment stems from an internal analysis conducted by the exchange, which indicated a notable decline in share…
In a concerning development within the cybersecurity landscape, a new iteration of ransomware has shifted focus from traditional file-encrypting tactics to a more sophisticated type of malware that targets the Central Processing Unit (CPU). Hackers have long exploited file-encrypting malware that locks users out of their data, demanding cryptocurrency for…
In a noteworthy development, DragonForce Ransomware, the group behind the recent cyber assault on UK retailer Marks & Spencer, has issued an unusual public request. They are urging other hacking entities to steer clear of attacking businesses based in Russia and countries that were part of the former Soviet Union.…
International Anti-Ransomware Day is commemorated on May 12 each year, following Interpol’s 2022 proclamation. This day serves as a vital reminder for organizations to keep their data backups current and to implement a robust disaster recovery strategy. Such precautions are crucial for minimizing system downtime and mitigating data loss during…
A significant wave of cyberattacks has recently targeted prominent retail chains, raising alarms over data security and consumer confidence. Notable UK retailers including Marks & Spencer, Harrods, and Co-op have become victims in the latest wave of ransomware and sophisticated phishing campaigns that are proliferating globally. These incidents emerge during…
Recently, tensions have escalated between nuclear powers India and Pakistan following a terrorist attack in Pahalgam, located in Jammu and Kashmir. In response, the Indian government, led by Prime Minister Narendra Modi, has initiated “Operation Sindoor,” targeting over 70 terrorists reportedly based in Pakistan. In the midst of this geopolitical…
Cybersecurity Breaches Surge Across Africa in Early 2025 In January 2025, numerous African nations faced an alarming rise in cybersecurity breaches, compromising millions of online accounts across the continent. This surge reflects an ongoing struggle with digital security vulnerabilities that many countries are grappling with as they increase their digital…
The healthcare sector is grappling with an escalating security crisis, as over two-thirds of healthcare organizations reported experiencing ransomware attacks in 2024. In what can only be described as a troubling trend, five of the top ten ransomware incidents last year targeted healthcare facilities, with recovery costs averaging more than…
The Toronto District School Board (TDSB) has issued a warning to parents and staff regarding a renewed cyber threat linked to a significant data breach involving PowerSchool, a leading education technology provider. The public disclosure, made on Wednesday, follows an earlier incident where PowerSchool admitted to an extortion attempt after…
