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AI Advancements Amplify Security Concerns as FBI Warns Tech Companies of Growing Hacker Threats
In a recent advisory, the Federal Bureau of Investigation (FBI) alerted tech giants and startups about the escalating risks they face from hackers, both criminals and state-sponsored, as they develop and refine artificial intelligence (AI) tools. These cyber adversaries are increasingly motivated to steal intellectual property or the data that fuels robust chatbots. The alert…
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Major Data Breach Strikes Fidelity & Guaranty Life Insurance Company
A major data breach has compromised the personal information of approximately 873,000 individuals associated with Fidelity & Guaranty Life Insurance Company (F&G). The breach, which occurred between May 29 and May 30, 2023, was disclosed to the firm on June 20. The breach is linked to a vulnerability in the MOVEit Transfer software provided by…
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UK Security Analyst Sentenced to 43 months in Prison in Failed Crypto Blackmail Attempt
British security analyst, 27-year-old Ashley Liles, who attempted to swindle his workplace, Oxford Biomedica, for £300,000 (equivalent to $390,000) has been penalized with a prison sentence of almost four years. Liles pleaded guilty in May to charges of unauthorized modification of computer material and blackmail, relating to an attack on the Hertfordshire-based gene therapy company…
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Generative AI Being Weaponized to Automate Sophisticated Cyber Attacks
The rapid advancement of generative artificial intelligence (AI) is not just transforming legitimate sectors; it’s also opening new, hazardous pathways for cybercriminals. As reported by SlashNext, a blackhat generative AI tool known as WormGPT has surfaced in underground forums, facilitating sophisticated phishing and business email compromise (BEC) attacks. Cybersecurity researcher Daniel Kelley detailed how this…
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HCA Healthcare Discloses Breach Exposing Data of 11 Million Patients
NASHVILLE, Tenn. (July 15, 2023) – HCA Healthcare recently discovered that personal information belonging to approximately 11 million patients was accessed and posted on an online forum by an unknown unauthorized party. According to the company, the exposed information included patient names, locations, phone numbers, email addresses, birth dates, appointment details, and service records. More…
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Cryptocurrency Crime Report: General Decrease In Illicit Activity With Alarming Growth In Ransomware
The first half of 2023 has brought a sense of relief to the cryptocurrency sector following a tumultuous 2022. Digital currencies such as Bitcoin have seen a value resurgence, with an 80% increase in price as of June 30th. Further bolstering industry optimism, significant reductions in cryptocurrency-related crimes have been reported. As highlighted in the…
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Over 750,000 Affected by Lansing Community College Data Breach
Lansing Community College (LCC) has confirmed that it experienced a significant data breach, impacting 757,832 individuals. The breach took place between December 25, 2022, and March 15, 2023, but was only discovered on May 24, 2023. LCC’s Director of Public Relations, Marilyn Twine, revealed that the college became aware of suspicious activity on its computer…
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Union Bank and Trust Company Falls Victim to Data Breach Affecting Over 200,000 Customers
Union Bank and Trust Company (UBT) recently disclosed a significant data breach that has affected 204,291 individuals. The breach occurred on May 29, 2023, and was discovered on June 9, 2023. The bank’s Chief Information Security Officer, Dana L. Turner, revealed that hackers exploited a zero-day vulnerability within the MOVEit Transfer software provided by Progress…
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EncroChat Takedown: Over 6,500 Arrests and €900 Million Seized in Blow to Organized Crime
The French and Dutch judicial and law enforcement authorities revealed in Lille today that the takedown of the encrypted communication tool EncroChat, in 2020, has resulted in 6,558 arrests worldwide, including 197 high-value targets. Nearly €900 million in criminal funds have been seized or frozen since the operation began. EncroChat was an encrypted communication tool…
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UK Hacker Sentenced to 5 Years for Role in Massive Twitter Hack
A UK citizen involved in the July 2020 Twitter hack pleaded guilty to multiple cybercrimes in the US and was sentenced to 5 years in prison on Friday. Joseph James O’Connor, 24, was part of a conspiracy that hijacked over 130 Twitter accounts, including those of politicians and celebrities, to perpetrate a cryptocurrency scam. According…
