electricity meter | Breaking Cybersecurity News | The Hacker News

Ransomware has become an albatross around the neck, targeting businesses, hospitals , and personal computers worldwide and extorting Millions of Dollars . Typical Ransomware targets victim's computer encrypts files on it, and then demands a ransom -- typically about $500 in Bitcoin -- in exchange for a key that will decrypt the files. Guess what could be the next target of ransomware malware? Everything that is connected to the Internet. There is a huge range of potential targets, from the pacemaker to cars to Internet of the Things, that may provide an opportunity for cybercriminals to launch ransomware attacks. Recently, the American public utility Lansing Board of Water & Light (BWL) has announced that the company has become a victim of Ransomware attack that knocked the utility's internal computer systems offline. Also Read: FBI Suggests Ransomware Victims — ' Just Pay the Ransom '. The attack took place earlier this week when one of the compan

Smart devices are growing at an exponential pace with the increase in connecting devices embedded in cars, retail systems, refrigerators, televisions and countless other things people use in their everyday life, but security and privacy are the key issues for such applications, which still face some enormous number of challenges. Millions of Network-connected electricity meters or Smart meters used in Spain are susceptible to cyberattack by hackers due to lack of basic and essential security controls that could put Millions of homes at risk, according to studies carried out by a pair of security researcher. HACKERS TO CAUSE BLACKOUT AND BILL FRAUD The security vulnerabilities found in the electricity meters could allow an intruder to carry out billing fraud or even shut down electric power to homes and cause blackouts. Poorly protected credentials inside the devices could let attackers take control over the gadgets, warn the researchers. The utility that deployed the

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