Chinese regulators have gained a reputation for aggressive action, but even hardened investors were shocked by the announcement of a probe into ride-hailing firm Didi just two days after its US$4.4 billion (A$5.8 billion) New York stock market debut. While Didi’s initial public offering (IPO) prospectus did mention some of the regulatory risks to its…
BOSTON — (AP) — In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to…
“We must never let any internet giant control a super database that has more detailed personal information than the state, let alone giving it the right to use the data at will,” the paper said in the commentary. While it’s not clear how Didi illegally collected personal data, companies should gather the least amount of…
The ransomware gang who attacked Kaseya locked down systems and demanded ransom payments from end user organisations while passing over MSPs and Kaseya itself, according to Kaseya CEO Fred Voccola. Voccola told CRN USA the ransomware attacker sought money only from end customers rather than the approximately 50 MSPs who had been compromised through an…
The TrickBot trojan is adding man-in-the-browser (MitB) capabilities for stealing online banking credentials that resemble Zeus, the early banking trojan, researchers said — potentially signaling a coming onslaught of fraud attacks. TrickBot is a sophisticated ( and common ) modular threat known for….
One of the world’s biggest ride-hailing services has had its app removed from the web by the Chinese authorities over privacy concerns. Regulator the Cyberspace Administration of China (CAC) ordered the country’s app store providers to remove Didi Chuxing from their platforms over the weekend. “After checks and verification, the Didi Chuxing app was found to be…
Hundreds of businesses around the world, including one of Sweden’s largest grocery chains, grappled on Saturday with potential cybersecurity vulnerabilities after a software provider that provides services to more than 40,000 organizations, Kaseya, said it had been the victim of a “sophisticated cyberattack.” Security researchers said the attack may have been carried out by REvil,…
BEIJING/HONG KONG -Ride-hailing giant Didi Global Inc said a regulatory order that its app be removed from app stores in China could hurt revenue, while other newly U.S.-listed Chinese firms also found themselves the subject of cybersecurity investigations. Sunday’s takedown order from the Cyberspace Administration of China (CAC) comes just two days after the regulator…
The presence of Nato in Afghanistan in the past 20 years produced mixed results, a former president of Afghanistan has said. The reconstruction of the country’s infrastructure, helping with education and other areas was very welcome, and produced good results for the country, Hamid Karzai told BBC World News. But the military plans to fight…
According to cybersecurity specialists, unknown cybercriminals hacked the servers of Mongolian Certificate Authority (CA) MonPass and abused the company’s website in order to distribute malware. The organization analysis that started in April 2021 shows that a public web server hosted by MonPass was breached potentially eight separate times. Avast researchers discovered eight different webshells and…
