Chinese Hackers | Breaking Cybersecurity News | The Hacker News

Hackers won't be spared. Three Chinese hackers have been ordered to pay $8.8 million (£6.8 million) after hacking email servers of two major New York-based law firms to steal corporate merger plans in December 2016 and used them to trade stocks. The U.S. District Judge Valerie Caproni in Manhattan sued 26-year-old Iat Hong, 30-year-old Bo Zheng, and 50-year-old Hung Chin, over a multi-million dollar insider trading scam. According to BBC News , the U.S. Securities Exchange Commission (SEC) alleged the three hackers targeted 7 different law firms, but managed to installed malware on networks belonging to two law firms only, then compromised their IT admin accounts that gave the trio access to every email account at the firms. Access to the email and web servers allowed them to gain information on planned business mergers and/or acquisitions. The trio then used this information to buy company stock before the deal, and then sell it after the public announcement of the merger

Researchers have uncovered a Chinese cyber-espionage against the United States ahead of the trade summit on Thursday between US President Donald Trump and China's President Xi Jinping. According to a new report published today by Fidelis Cybersecurity firm, the Chinese APT10 hacking group implanted a piece of malware on the "Events" page of the US National Foreign Trade Council (NFTC) website in February. Dubbed ' Operation TradeSecret ,' the attack against the NFTC site is seen as an attempt to conduct surveillance on the main industry players and lobbyists closely associated with U.S trade policy activities. Researchers say hackers placed a malicious link on the NFTC website, inviting the organization's board of directors to register for a meeting in Washington DC on March 7. But clicking on the link deployed a spying tool called " Scanbox ." Dates back to 2014, Scanbox – previously used by nation-state threat actors associated with the

It comes as no surprise that today's cyber threats are orders of magnitude more complex than those of the past. And the ever-evolving tactics that attackers use demand the adoption of better, more holistic and consolidated ways to meet this non-stop challenge. Security teams constantly look for ways to reduce risk while improving security posture, but many approaches offer piecemeal solutions – zeroing in on one particular element of the evolving threat landscape challenge – missing the forest for the trees.  In the last few years, Exposure Management has become known as a comprehensive way of reigning in the chaos, giving organizations a true fighting chance to reduce risk and improve posture. In this article I'll cover what Exposure Management is, how it stacks up against some alternative approaches and why building an Exposure Management program should be on  your 2024 to-do list. What is Exposure Management?  Exposure Management is the systematic identification, evaluation,

Chinese Hackers have taken Smishing attack to the next level, using rogue cell phone towers to distribute Android banking malware via spoofed SMS messages. SMiShing — phishing attacks sent via SMS — is a type of attack wherein fraudsters use number spoofing attack to send convincing bogus messages to trick mobile users into downloading a malware app onto their smartphones or lures victims into giving up sensitive information. Security researchers at Check Point Software Technologies have uncovered that Chinese hackers are using fake base transceiver stations (BTS towers) to distribute " Swearing Trojan ," an Android banking malware that once appeared neutralized after its authors were arrested in a police raid. This is the first ever reported real-world case in which criminals played smart in such a way that they used BTS — a piece of equipment usually installed on cellular telephone towers — to spread malware. The phishing SMS, which masquerades itself as the on

The brand new Android smartphone launched by Google just a few months back has been hacked by Chinese hackers just in less than a minute. Yes, the Google's latest Pixel smartphone has been hacked by a team white-hat hackers from Qihoo 360, besides at the 2016 PwnFest hacking competition in Seoul. The Qihoo 360 team demonstrated a proof-of-concept exploit that used a zero-day vulnerability in order to achieve remote code execution (RCE) on the target smartphone. The exploit then launched the Google Play Store on the Pixel smartphone before opening Google Chrome and displaying a web page that read "Pwned By 360 Alpha Team," the Reg media reports . Qihoo 360 won $120,000 cash prize for hacking the Pixel. Google will now work to patch the vulnerability. Besides the Google Pixel, Microsoft Edge running under Windows 10 was also hacked in PwnFest hacking competition. The Qihoo 360 team also hacked Adobe Flash with a combination of a decade-old, use-after-free

An FBI electronics technician has pleaded guilty to acting as a Chinese secret agent and passing along sensitive information about the Feds to a Chinese government official. Kun Shan "Joey" Chun , 46, admitted in federal court in Manhattan on Monday that he violated his security clearance on several occasions between 2011 and 2016 in an effort to pass on secret information to China in exchange for money. Chun is a 19-year FBI veteran from Brooklyn who was born in China but was employed by the FBI in 1997. His duties with the FBI included " accessing sensitive and, in some instance, classified information ." The g-man, as a double agent, sent confidential government information – including the identity and travel plans of an FBI special agent, the internal structure of the FBI and spying technology used by the Bureau – to a Chinese official. Chun, who was initially arrested in March, got a top secret security clearance in 1998, at the time he did not reveal h