Fraudsters used deepfake technology to trick an employee at a Hong Kong-based multinational company to transfer $25.57 million to their bank accounts. Hong Kong Police said Sunday that the fraudsters had created deepfake likenesses of top company executives in a video conference to fool the worker.
The U.S. Department of Commerce has formed a landmark supply chain agreement with 13 countries in the Indo-Pacific region that will go into effect Feb. 24. The agreement provides a framework to secure critical supply chains from disruptive events such as cyberattacks and armed conflicts.
South Korean President Yoon Suk Yeol expects North Korea to interfere with the upcoming legislative elections and warned citizens to prepare for waves of cyberattacks, fake news and disinformation. Investigators believe North Korea conducted 80% of the attacks on public sector organizations in 2023.
South Korea's intelligence agency has reported that North Korean hackers are using generative AI to conduct cyberattacks and search for hacking targets. Experts believe North Korea's AI capabilities are robust enough for more precise attacks on South Korea.
The Australian government plans to adopt a risk-based approach to AI governance modeled after the European Union's Artificial Intelligence Act, which requires strict regulation on any uses of AI systems that could pose risks to national security, violate individual privacy or cause harm to society.
Australian fashion and sports retailer The Iconic has blamed careless customers for a spree of incidents that allowed hackers to access customer accounts and place orders worth thousands of dollars. The firm said customers made themselves easy targets by reusing passwords across multiple websites.
Australian travel company Inspiring Vacations is investigating a misconfigured cloud database that exposed passport details and the personal information of tens of thousands of travelers. Cybersecurity researcher Jeremiah Fowler said the database leaked 112,000 passport scans and identity documents.
Budget cuts and a lack of skilled cybersecurity professionals have forced the country's cybersecurity agency to ask hackers for tips and guidance on emerging threats, a government official told Bloomberg. He said DICT employs only 30 cybersecurity experts but needs 200 people.
The Indian government is instituting joint programs with state police forces and the judiciary system to dismantle the growing threat of cyber fraud, but long delays in cybercrime investigations and a lack of experience in investigating digital crimes could derail these efforts.
The court system of Victoria said it had experienced a serious cybersecurity incident in late 2023 that gave hackers access to video recordings of proceedings at multiple courts, including the Supreme Court and the County Court. The hack took place on Dec. 8 and was discovered two weeks later.
French IT firm Atos has confirmed it is in early-stage talks with Airbus to sell its cybersecurity unit for an estimated 1.8 billion euros, or 1.79 billion. The latest Airbus offer comes just six months after Airbus' unsuccessful bid for a minority stake in Atos Evidian.
Brisbane-based retail group Eagers Automotive is investigating a cyberattack that disrupted parts of its regional operations and compromised the personal information of some of its customers. Eagers said Tuesday it doesn't know the full extent of the hack, but it has started notifying customers.
Emerging geopolitical rivalry in the Asia-Pacific region made cybercrime a handy tool for nations to mount disruptive attacks on their rivals in 2023, forcing many countries to double down on cyber defense plans. Here's how some of the leading APAC countries responded to growing threats.
India's new telecommunications law has raised concerns over the possibility of data privacy infringements and enhanced government surveillance but addresses the need for a strong legal mechanism to clamp down on worsening SIM fraud and shadow telecom networks.
China's industrial and information technology ministry unveiled plans to classify data security incidents based on severity and the extent of damage to victims. It proposes color-coding incident types to help regulatory agencies respond appropriately to specific events faster.
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