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Tech World

Chinese hackers have breached ‘major telecommunications companies’ in the US

Chinese government-backed hackers have breached “major telecommunications companies,” among a range of targets worldwide, by exploiting known software flaws in routers and other popular network networking gear, US security agencies warned Tuesday. “[T]hese devices are often overlooked by cyber defenders, who struggle to maintain and keep pace with routine software patching of Internet-facing services and […]

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India World

Indian state-owned oil producer hit by major cyberattack, hackers demand 196 Bitcoin

Government run Oil India has been hit by a major cyberattack that has compromised some of the servers of the company. The ransomware attack has hit the company’s headquarters in Assam. According to reports the hackers have demanded 196 bitcoins as ransom. According to a statement from the company’s spokesperson Tridiv Hazarika, while the breach […]

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Tech World

Chipmaker Nvidia investigates potential malicious network intrusion in its systems and tools

U.S chipmaker Nvidia Corp said it was investigating a potential cyberattack, following a news report that said the attack may have had taken parts of its business offline for two days. A malicious network intrusion caused outages in Nvidia’s email systems and developer tools over the last two days, media reports said on Friday, but […]

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Business World

Cyberattack market to touch $6 trillion by the end of 2021

The cyber security market is expected to hit a market valuation of more than $217 billion by the end of 2021. The coronavirus pandemic accelerated the growth of this industry, as many corporations moved to work from home. Digital became the new business model in 2021, thus forcing organizations to use cyber security measures to […]

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Tech World

Ransomware hackers behind cyberattack of one million ‘systems’ demand $70 million in Bitcoin

Hackers who claim to have taken control of a million systems in a “colossal” ransomware attack have demanded $70 million be paid in return for a “universal decryptor” that it says will unlock the files of all victims. The REvil group claims its malware, which initially targeted US IT firm Kaseya, has hit one million […]