Threat actor exploits vulnerability to deliver backdoor, highlighting cybersecurity risks Microsoft has recently uncovered a sophisticated phishing campaign conducted by a threat actor known as Storm-0978, which specifically targeted defence and government entities in Europe and North America. The campaign involved the exploitation of a remote code execution vulnerability (CVE-2023-36884)…
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OCBC Bank found to be deficient in spoofed SMS phishing scams
Data compromises have almost doubled over the past few years as the world goes more digital. The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement, of approximately S$330 million, on OCBC Bank (OCBC), given deficiencies in the bank’s response to a wave of spoofed SMS phishing scams…
Read MoreSingapore cyber landscape dominated by ransomware and phishing activities
9,080 cases handled by CSA’s SingCERT in 2020, marking second consecutive year of increase. The Cyber Security Agency of Singapore (CSA) released its Singapore Cyber Landscape (SCL) 2020 publication today, revealing an increase in cyber threats such as ransomware and online scams in 2020. CSA’s SingCERT (Singapore Computer Emergency Response…
Read MorePhishing attacks rise against financial institutions
Criminals have dedicated a good deal of energy and resources toward advancing the phishing economy. In May 2020, there were two dates that stood out when it comes to global cybersecurity issues. On May 9, credential abuse hit a peak of 786,882,475 attacks globally. Five days later, on May 14,…
Read MorePhishing fraud increased by 35 per cent in Hong Kong
The Police Force recorded more than 12,900 technology crimes in 2020. In 2020, the Hong Kong Computer Emergency Response Team Coordination Center (Incident Coordination Center) handled more than 8,300 security incidents, a 12 per cent drop from the previous year, and the number of botnet incidents also decreased by 16…
Read MorePhishing detection and response for the future
CIO Tech Asia spoke with Ryan Jones director of sales APAC at Cofense. Tell us why phishing is the number one method in which a threat actor can gain access to a company’s network? RJ: It’s pretty simple, really. Phishing remains the number one way a threat actor can gain…
Read MoreSingapore saw an 80 per cent increase in scams during 2020
Total amount cheated was S$254.3 million, which is a 64.3 per cent increase compared to 2019 In a reply to Parliamentary Question on how the police tracks its performance in investigating and solving crimes involving online scams, K Shanmugam, Minister for Home Affairs and Minister for Law stated police have…
Read MoreCOVID-19 phishing emails manipulate Indian Govt email address
Phished accounts sent malware in September Indian Computer response team (CERT-In) has seen a campaign of phishing scams targeting users of the NCIs email service for Government of India (email.gov.in). CERT-In is part of the Ministry of Electronics and Information Technology Government of India. It stated the campaign involves fraudulent…
Read MoreGovernment impersonation scams on the rise
ACCC issues warning over rise in fake Australian Government impersonation. Australians are being urged to watch out for government impersonation scams with over AU$1.26 million lost from more than 7100 reports made to Scamwatch so far this year and in reality, losses are likely to be far greater. There has…
Read MoreJapan puts central bank digital currencies on policy roadmap
Bank of Japan and Japanese Govt indicates potential plans for digital currency . By Tetsushi Kajimoto and Daniel Leussink TOKYO (Reuters) – Japan will look closer into whether to issue central bank digital currencies (CBDCs), the government said in its annual policy roadmap, a sign that Tokyo may be warming…
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