Phoenix IT

Category: Cyber Crime

How MFA Failures are Fueling a 500% Surge in Ransomware Losses

How MFA Failures are Fueling a 500% Surge in Ransomware Losses

The cybersecurity threat landscape has witnessed a dramatic and alarming rise in the average ransomware payment, an increase exceeding 500%. Sophos, a global leader in cybersecurity, revealed in its annual “State of Ransomware 2024” report that the average ransom payment has increased 500% in the last year with organizations that paid a ransom reporting an

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New Intel CPU Vulnerability ‘Indirector’ Exposes Sensitive Data

New Intel CPU Vulnerability ‘Indirector’ Exposes Sensitive Data

Modern CPUs from Intel, including Raptor Lake and Alder Lake, have been found vulnerable to a new side-channel attack that could be exploited to leak sensitive information from the processors. The attack, codenamed Indirector by security researchers Luyi Li, Hosein Yavarzadeh, and Dean Tullsen, leverages shortcomings identified in Indirect Branch Predictor (IBP) and the Branch Target Buffer

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Meta’s ‘Pay or Consent’ Approach Faces E.U. Competition Rules Scrutiny

Meta’s ‘Pay or Consent’ Approach Faces E.U. Competition Rules Scrutiny

Meta’s decision to offer an ad-free subscription in the European Union (E.U.) has faced a new setback after regulators accused the social media behemoth of breaching the bloc’s competition rules by forcing users to choose between seeing ads or paying to avoid them. The European Commission said the company’s “pay or consent” advertising model is

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Chinese Hackers Exploiting Cisco Switches Zero-Day to Deliver Malware

Chinese Hackers Exploiting Cisco Switches Zero-Day to Deliver Malware

A China-nexus cyber espionage group named Velvet Ant has been observed exploiting a zero-day flaw in Cisco NX-OS Software used in its switches to deliver malware. The vulnerability, tracked as CVE-2024-20399 (CVSS score: 6.0), concerns a case of command injection that allows an authenticated, local attacker to execute arbitrary commands as root on the underlying operating system of

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