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Money Remains Motivating Factor for Hackers Around the World: Verizon

Image for Representation.

Image for Representation.

Verizon Business 2020 Data Breach Investigations Report found that confirmed data breaches doubled from the prior year.

  • Reuters
  • Last Updated: May 19, 2020, 12:35 PM IST

Money trumped spying as the top motivator for data breaches last year, according to Verizon’s annual report on cybercrimes published on Tuesday. About nine out of 10 breaches were financially motivated, based on an examination of more than 32,000 incidents and nearly 4,000 confirmed break-ins in 81 countries, the report said.

Verizon Business 2020 Data Breach Investigations Report found that confirmed data breaches doubled from the prior year. As the coronavirus pandemic has forced people indoors, cyber attacks on businesses are expected to climb. The report found that 86% of breaches were for money, not for purposes of spying. Credential theft, phishing and compromising business emails caused 67% of the cyber attacks.

As more businesses moved to web-based solutions, so did hackers. According to the report, breaches on web and cloud applications rose to 43%, double the previous year. Companies like Facebook Inc and Salesforce have extended working remotely to at least the rest of the year, with more businesses expected to follow suit. Verizon Business Group CEO Tami Erwin said the “digital transformation” to the work-from-home model during the coronavirus pandemic has presented a number of security red flags.

“A lot of people ended up sending workers to work from home without really thinking through what were some of the security elements in the future,” Erwin told Reuters. “I think employees working from home are probably more vulnerable to attacks,” Erwin said businesses can protect themselves from cyber attacks by keeping employees educated on phishing and other fraudulent tactics to access sensitive information.




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Tech

Moto Razr Will go on Sale on May 6; That Will be Rs 124999 of Your Precious Money

Motorola Razr
(Image: Motorola)

Motorola Razr
(Image: Motorola)

The smartphone is a reincarnation of the original Razr but includes a flexible OLED display. It has a 6.2-inch foldable pOLED Cinemavision display 21:9 and 2.7-inch gOLED external display.

  • News18.com
  • Last Updated: April 15, 2020, 12:24 PM IST

Motorola has confirmed that their foldable phone, the Moto Razr, will go on sale on May 6. That is assuming all goes well and the second phase of the lockdown in India ends of May 3. Motorola has had to delay the launch of the Moto Razr in India over the past few works, because of the lockdown as well as the global Coronavirus Pandemic which had restricted manufacturing capacities around the world. The Moto Razr had been listed for pre-bookings on Flipkart in March and carries a price tag of Rs 1,24,999 if you want to own one of these.

“Due to the prevailing situation and extension of nationwide lockdown, sale of all non-essential products and services has been discontinued. In line with the government guidelines, Motorola Razr will now go on sale after the revised lockdown period, starting May 6th 2020 (which was earlier scheduled for 15th April, 2020). We are hopeful that the situation will get better in the coming days and are working with our partners towards ensuring a smooth purchase experience for consumers across both online and offline channels, once the lockdown is lifted,” says Motorola India, in a statement.

It was around the pre-order listing time that telecom service provider Reliance Jio also confirmed that they will be offering the e-SIM for the Moto Razr. The smartphone is a reincarnation of the original Razr but includes a flexible OLED display. It has a 6.2-inch foldable pOLED Cinemavision display 21:9 and 2.7-inch gOLED external display. It is powered by the Qualcomm Snapdragon 710 processor with 6GB of RAM and has a 2,510mAh battery which supports the 18-watt Turbo Charging. There is 128GB internal storage, has a 16-megapixel primary camera plus a 5-megapixel video call camera.

Initial reports haven’t been pretty though, with the display not holding up as well as you would expect on some units sent out to reviewers in some countries. That doesn’t really infuse confidence in someone willing to splurge a lot of money on a foldable phone, though we hope Moto would have used this time to get the quality rough edges sorted out. It competes against the Samsung Galaxy Z Flip, which is priced at Rs 1,09,999.

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Tech

WhatsApp Hoax Claims This Message Can Steal All Your Money — DO NOT Fall for it

A new WhatsApp message is reportedly being circulated globally, claiming that a statutory message, which otherwise appears to be a harmless SMS urging you to pay your phone bill, is designed to instantly take over your phone and steal all the money from the netbanking app on your phone. However, an investigation by cyber security watchdog Sophos states that such forwarded WhatsApp messages are part of a hoax campaign. A note on the matter, written by Sophos’ principal cyber security research scientist Paul Ducklin, was shared with News18, giving us access to the message being circulated, and why you should not fall for it.

The WhatsApp message in question reads, “Straight from the City of London Police fraud team – Extremely sophisticated scam going about this morning. Definitely Danske bank customers but possibly all banks. You get a message saying a payment hasn’t been taken eg O2,Vodafone or EE [UK mobile providers] and to click here. As soon as you touch it the money is gone. They already have all your details and it’s the most advance scam the bank has ever seen. Pass this on to everyone. Please. This is from work this morning – they are being inundated with calls – thousands flying out of peoples accounts! Spread the word! (sic)”

However, the City of London police itself has since debunked the message’s claim to authority, stating that such messages are baseless. While most users in India will likely not be alarmed, Ducklin’s assessment of the situation suggests that this may be part of a new, more sophisticated cyber crime technique that attempts to rush users into taking action against their bank accounts. Since online and mobile banking are becoming mainstream in India too, it is very important for users to stay aware that such hoaxes which claim to warn them about a potential risk in their bank accounts.

What is curious in this case is that the message that is being forwarded on WhatsApp does not come with any clickable link attached to it. The coronavirus pandemic has sparked off an unprecedented spike in cyber criminal activities, with a sharp rise in phishing attacks being documented everywhere. In such times, the appearance of such obviously targeted hoax campaigns suggest that users should remain even more prudent about their online safety, including setting rigorous passwords, avoiding browser tracking, not clicking on any unknown links, and most importantly, not forwarding messages such as these without verifying their contents.

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Tech

Save Money For a New House on This Super Earth That Scientists Are Sure Can Host Life

(Image: University of Cambridge)

(Image: University of Cambridge)

This super earth, is 124 light-years away from the earth we reside on, and is 2.6 times the radius of Earth. The researchers confirmed the atmosphere to be hydrogen-rich with a significant amount of water vapour. The levels of other chemicals such as methane and ammonia were lower than expected for such an atmosphere.

  • News18.com
  • Last Updated: February 28, 2020, 3:15 PM IST

Astronomers seem convinced that we have found the second earth that humanity quite desperately needs. A team of astronomers from the University of Cambridge have determined that an exoplanet called K2-18b is right in the middle of a habitable zone in its star system, which means it can possibly hold water. This super earth, is 124 light-years away from the earth we reside on, and is 2.6 times the radius of Earth. This exoplanet was first spotted by NASA’s Kepler space telescope in 2015 but at the time, it was difficult to determine the planet’s potential to host life.

“Water vapour has been detected in the atmospheres of a number of exoplanets but, even if the planet is in the habitable zone, that doesn’t necessarily mean there are habitable conditions on the surface. To establish the prospects for habitability, it is important to obtain a unified understanding of the interior and atmospheric conditions on the planet – in particular, whether liquid water can exist beneath the atmosphere,” says Dr Nikku Madhusudhan of the Cambridge Institute of Astronomy, who led the new research. The K2-18b has a hydrogen-rich atmosphere, and is smaller than Neptune while larger than Earth.

The researchers confirmed the atmosphere to be hydrogen-rich with a significant amount of water vapour. The levels of other chemicals such as methane and ammonia were lower than expected for such an atmosphere, they say. The planet is believed to have an inner core of rock and iron. This research indicates that the layer of hydrogen around the planet is not too thick, which would have made the temperature and the pressure of the water underneath too great to support life. “We wanted to know the thickness of the hydrogen envelope – how deep the hydrogen goes,” said co-author Matthew Nixon, a PhD student at the Institute of Astronomy. “While this is a question with multiple solutions, we’ve shown that you don’t need much hydrogen to explain all the observations together.”

This comes after 2019 research on the same K2-18b exoplanet which indicated that there was water vapour detected in the hydrogen-rich atmosphere around the super earth. However, what was not clear at the time was the thickness of the atmosphere layer and the conditions closer to the surface of the planet.