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The Chinese-speaking threat actors behind  Smishing Triad  have been observed masquerading as the United Arab Emirates Federal Authority for Identity and Citizenship to send malicious SMS messages with the ultimate goal of gathering sensitive information from residents and foreigners in the country. "These criminals send malicious links to their victims' mobile devices through SMS or iMessage and use URL-shortening services like Bit.ly to randomize the links they send," Resecurity  said  in a report published this week. "This helps them protect the fake website's domain and hosting location." Smishing Triad was  first documented  by the cybersecurity company in September 2023, highlighting the group's use of compromised Apple iCloud accounts to send smishing messages for carrying out identity theft and financial fraud.  The threat actor is also known to offer ready-to-use smishing kits for sale to other cybercriminals for $200 a month, alongside eng

ChatGPT and similar large language models (LLMs) have added further complexity to the ever-growing online threat landscape. Cybercriminals no longer need advanced coding skills to execute fraud and other damaging attacks against online businesses and customers, thanks to bots-as-a-service, residential proxies, CAPTCHA farms, and other easily accessible tools.  Now, the latest technology damaging businesses' bottom line is  ChatGPT . Not only have ChatGPT, OpenAI, and other LLMs raised ethical issues by  training their models  on scraped data from across the internet. LLMs are negatively impacting enterprises' web traffic, which can be extremely damaging to business.  3 Risks Presented by LLMs, ChatGPT, & ChatGPT Plugins Among the threats ChatGPT and ChatGPT plugins can pose against online businesses, there are three key risks we will focus on: Content theft  (or republishing data without permission from the original source)can hurt the authority, SEO rankings, and perceived

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There's hardly any business nowadays that don't use computers and connect to the Internet. Companies maintain an online presence through their official websites, blogs, and social media pages. People use online services to conduct day to day activities like banking. And of course, there are many businesses that are completely based on the web like online markets, e-Commerce websites and financial services. All of these activities create opportunities for cyber attacks. Various threats can affect websites, online services, API endpoints, and the applications used or provided by businesses. Such devastating attacks include privacy intrusion, DDoS attacks , data breaches, defacements of websites, online store shutdowns, scraping, payment fraud, abuse of online services, and backdoor installations. The 2019 Cost of Cybercrime Study by Accenture reports that there has been a 67% increase in cyber attacks over the last five years. The corresponding increase in financial ter