HSBC hacked | Breaking Cybersecurity News | The Hacker News

Tse Man- lai,  28-year-old businessman, owner of an information technology company, launched denial-of-service (DoS) attacks on Hong Kong stock exchange last year on August 12 and 13 , was sentenced to nine months in jail on Friday. According to SCMP , Tse Man- lai, who had pleaded not guilty to two counts of obtaining access to a computer with criminal or dishonest intent, was convicted of both counts in the District Court on October 24.  The attacked website is one of the most important economic platform of Hong Kong. Trading in the shares of seven companies was suspended. The seven companies, which included HSBC, Cathay Pacific Airways and HKEx itself, had a combined market value of HK$1.5 trillion. Trading was also halted on a debt security and 419 warrants and derivatives linked to the suspended stocks. Trading in the stocks were suspended, as the companies had tried to make price-sensitive announcements during the lunchtime trading break, which investors might not have seen be

The multinational bank HSBC has blamed a denial of service attack for the downtime of many of its websites worldwide on Thursday night and the Anonymous group has been quick to take credit. " Banks are the sole cause of our current worldwide economic problems. They deserve to get hit. RBS, Lloyds TSB and Barclays are next, " FawkesSecurity said . " This denial-of-service attack did not affect any customer data, but did prevent customers using HSBC online services, including Internet banking. We are taking appropriate action, working hard to restore service. We are pleased to say that some sites are now back up and running. We are cooperating with the relevant authorities and will cooperate with other organizations that have been similarly affected by such criminal acts. " HSBC said. The timing of the group's Twitter postings lends credence to its claims, but Twitter users claiming to be Anonymous members have falsely claimed responsibility for at

Identities now transcend human boundaries. Within each line of code and every API call lies a non-human identity. These entities act as programmatic access keys, enabling authentication and facilitating interactions among systems and services, which are essential for every API call, database query, or storage account access. As we depend on multi-factor authentication and passwords to safeguard human identities, a pressing question arises: How do we guarantee the security and integrity of these non-human counterparts? How do we authenticate, authorize, and regulate access for entities devoid of life but crucial for the functioning of critical systems? Let's break it down. The challenge Imagine a cloud-native application as a bustling metropolis of tiny neighborhoods known as microservices, all neatly packed into containers. These microservices function akin to diligent worker bees, each diligently performing its designated task, be it processing data, verifying credentials, or