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Introduction Artificial intelligence (AI) deepfakes and misinformation may cause worry in the world of technology and investment, but this powerful, foundational technology has the potential to benefit organizations of all kinds when harnessed appropriately. In the world of cybersecurity, one of the most important areas of application of AI is augmenting and enhancing identity management systems. AI-powered identity lifecycle management is at the vanguard of digital identity and is used to enhance security, streamline governance and improve the UX of an identity system. Benefits of an AI-powered identity AI is a technology that crosses barriers between traditionally opposing business area drivers, bringing previously conflicting areas together: AI enables better operational efficiency by reducing risk and improving security AI enables businesses to achieve goals by securing cyber-resilience AI facilitates agile and secure access by ensuring regulatory compliance AI and unifi...

Ukraine has claimed responsibility for a cyber attack that targeted Russia state media company VGTRK and disrupted its operations, according to reports from Bloomberg and Reuters . The incident took place on the night of October 7, VGTRK confirmed , describing it as an "unprecedented hacker attack." However, it said "no significant damage" was caused and that everything was working normally despite attempts to interrupt radio and TV broadcasts. That said, Russian media outlet Gazeta.ru reported that the hackers wiped "everything" from the company's servers, including backups, citing an anonymous source. A source told Reuters that "Ukrainian hackers 'congratulated' Putin on his birthday by carrying out a large-scale attack on the all-Russian state television and radio broadcasting company." The attack is believed to be the work of a pro-Ukrainian hacker group called Sudo rm-RF . The Russian government has since said an investi...

Qualcomm has rolled out security updates to address nearly two dozen flaws spanning proprietary and open-source components, including one that has come under active exploitation in the wild. The high-severity vulnerability, tracked as CVE-2024-43047 (CVSS score: 7.8), has been described as a user-after-free bug in the Digital Signal Processor (DSP) Service that could lead to "memory corruption while maintaining memory maps of HLOS memory." Qualcomm credited Google Project Zero researcher Seth Jenkins and Conghui Wang for reporting the flaw, and Amnesty International Security Lab for confirming in-the-wild activity. "There are indications from Google Threat Analysis Group that CVE-2024-43047 may be under limited, targeted exploitation," the chipmaker said in an advisory. "Patches for the issue affecting FASTRPC driver have been made available to OEMs together with a strong recommendation to deploy the update on affected devices as soon as possible." ...

Cybersecurity researchers have discovered a new botnet malware family called Gorilla (aka GorillaBot) that draws its inspiration from the leaked Mirai botnet source code. Cybersecurity firm NSFOCUS, which identified the activity last month, said the botnet "issued over 300,000 attack commands, with a shocking attack density" between September 4 and September 27, 2024. No less than 20,000 commands designed to mount distributed denial-of-service (DDoS) attacks have been issued from the botnet every day on average. The botnet is said to have targeted more than 100 countries, attacking universities, government websites, telecoms, banks, gaming, and gambling sectors. China, the U.S., Canada, and Germany have emerged as the most attacked countries. The Beijing-headquartered company said Gorilla primarily uses UDP flood , ACK BYPASS flood, Valve Source Engine (VSE) flood , SYN flood , and ACK flood to conduct the DDoS attacks, adding the connectionless nature of the UDP prot...

Organizations are losing between $94 - $186 billion annually to vulnerable or insecure APIs (Application Programming Interfaces) and automated abuse by bots. That’s according to The Economic Impact of API and Bot Attacks report from Imperva, a Thales company. The report highlights that these security threats account for up to 11.8% of global cyber events and losses, emphasizing the escalating risks they pose to businesses worldwide. Drawing on a comprehensive study conducted by the Marsh McLennan Cyber Risk Intelligence Center, the report analyzes over 161,000 unique cybersecurity incidents. The findings demonstrate a concerning trend: the threats posed by vulnerable or insecure APIs and automated abuse by bots are increasingly interconnected and prevalent. Imperva warns that failing to address security risks associated with these threats could lead to substantial financial and reputational damage. API Adoption and the Expanding Attack Surface APIs have become indispensable to mod...