Security

US charges five accused of multi-year hacking spree targeting tech and crypto giants

Security /

The U.S. government announced charges against five individuals accused of carrying out a multi-year hacking spree targeting tech giants and cryptocurrency owners, which security researchers dubbed 0ktapus. On Wednesday, the U.S. Department of Justice published a press release announcing the charges against the five alleged hackers: Ahmed Hossam Eldin Elbadawy, 23, of College Station, Texas; […]

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Fintech giant Finastra confirms it’s investigating a data breach

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Finastra, a London-based financial software company that serves most of the world’s top banks, has confirmed it’s investigating a data breach after a hacker claimed a compromise of the company’s internal file-transfer platform.  In a statement given to TechCrunch, Finastra spokesperson Sofia Romano confirmed the fintech giant detected what it calls “suspicious activity” related to

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Portugal’s Tekever raises $74M for dual-use drone platform deployed to Ukraine

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Dual-use drone startup Tekever has raised €70 million ($74 million) to develop its product and expand into new markets, specifically the U.S.. The news is part of a trend of smaller tech-driven startups moving into markets normally dominated by large ‘defense primes’. It also shows that unmanned aerial drones are becoming far more sophisticated, in

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UK open to social media ban for kids as government kicks off feasibility study

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The U.K. government is not ruling out further beefing up of existing online safety rules by adding an Australian-style ban on social media for kids under 16 technology secretary Peter Kyle has said. Back in the summer, the government warned it may toughen laws for tech platforms in the wake of riots that were perceived

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GitHub launches $1.25M open source fund with a focus on security

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The open source funding problem is very real, but a slew of initiatives have emerged of late, with startups, corporations, and venture capitalists launching various programs to support some of the most critical projects via equity-free financing. Today it’s GitHub’s turn, launching the GitHub Secure Open Source Fund with an initial commitment of $1.25 million

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US extradites Russian accused of extorting millions in Phobos ransomware payments 

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The U.S. government has secured the extradition of an alleged Russian hacker who allegedly served as a key administrator of the prolific Phobos ransomware operation.  Prosecutors said Monday that Evgenii Ptitsyn, 42, was recently extradited from South Korea to appear in a Maryland federal court on November 4. Ptitsyn is accused of administering the sale,

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Microsoft to launch new custom chips for data processing, security

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Microsoft on Tuesday revealed new custom chips aimed at powering workloads on its Azure cloud and bolstering security, particularly a new hardware accelerator that can manage data processing, networking and storage-related tasks. The Azure Boost DPU is Microsoft’s first data processing unit, designed for “data-centric workloads with high efficiency and low power,” the company said.

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CISA director Jen Easterly to depart agency on January 20

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Jen Easterly, the director of the U.S. Cybersecurity and Infrastructure Security Agency (CISA), will depart the government agency after more than three years at the helm. Both Easterly and the agency’s deputy director Nitin Natarajan will depart CISA on January 20 as the new Trump administration begins, according to NextGov, which first reported the departures,

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AI training software firm iLearningEngines says it lost $250,000 in recent cyberattack

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U.S.-based iLearningEngines, a provider of AI training software for enterprises, has alerted regulators to a cyberattack that allowed hackers to break into its network and steal $250,000 worth of company funds.  In an 8-K regulatory filing on Monday with the U.S. Securities and Exchange Commission, iLearningEngines said it had experienced a “cybersecurity incident” that saw

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