finance | Breaking Cybersecurity News | The Hacker News

Quantum computing and AI working together will bring incredible opportunities. Together, the technologies will help us extend innovation further and faster than ever before. But, imagine the flip side, waking up to news that hackers have used a quantum computer to crack your company's encryption overnight, exposing your most sensitive data, rendering much of it untrustworthy. And with your sensitive data exposed, where does that leave trust from your customers? And the cost to mitigate - if that is even possible with your outdated pre-quantum systems? According to IBM, cyber breaches are already hitting businesses with an average of $4.44 million per incident, and as high as $10.22 million in the US, but with quantum and AI working simultaneously, experts warn it could go much higher. In 2025, nearly two-thirds of organizations see quantum computing as the biggest cybersecurity threat looming in the next 3-5 years, while 93% of security leaders are prepping for daily AI-driven a...

A hackers-for-hire operation has been discovered using a strain of previously undocumented malware to target South Asian financial institutions and global entertainment companies. Dubbed " CostaRicto " by Blackberry researchers, the campaign appears to be the handiwork of APT mercenaries who possess bespoke malware tooling and complex VPN proxy and SSH tunneling capabilities. "CostaRicto targets are scattered across different countries in Europe, Americas, Asia, Australia and Africa, but the biggest concentration appears to be in South Asia (especially India, Bangladesh and Singapore and China), suggesting that the threat actor could be based in that region, but working on a wide range of commissions from diverse clients," the researchers said. The modus operandi in itself is quite straight-forward. Upon gaining an initial foothold in the target's environment via stolen credentials, the attacker proceeds to set up an SSH tunnel to download a backdoor and a p...

It's the last month of this year, but possibly not the last data breach report. Nissan warns of a possible data breach of personal information on its customers who financed their vehicles through Nissan Canada Finance and INFINITI Financial Services Canada. Although the company says it does not know precisely how many customers were affected by the data breach, Nissan is contacting all of its roughly 1.13 million current and previous customers. In a statement released Thursday, Nissan Canada said the company became aware of an " unauthorized access to personal information " of some customers on December 11. " Nissan Canada Finance recently became aware it was the victim of a data breach that may have involved an unauthorized person(s) gaining access to the personal information of some customers that have financed their vehicles through Nissan Canada Finance and INFINITI Financial Services Canada, " the company said . It's believed that the unkno...