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FBI warns of Luna Moth extortion attacks targeting law firms
The FBI warned that an extortion gang known as the Silent Ransom Group has been targeting U.S. law firms over the last two years in callback phishing and social engineering attacks. Also known as Luna Moth, Chatty Spider, and UNC3753, this threat group has been active since 2022 and was also behind BazarCall campaigns that provided initial access to corporate…
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Cyber attacks are costing UK firms billions every year – ransom payments, staff overtime, and lost business are crippling victims
Cyber attacks are costing UK businesses £64 billion a year in ransom payments, staff overtime, lost business, and other associated costs. Research from cybersecurity firm ESET shows that 53% of UK businesses have fallen victim to at least one attack over the last year, with 43% saying that it’s had a long-term impact on business growth. The top three most…
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Luna Moth extortion hackers pose as IT help desks to breach US firms
The data-theft extortion group known as Luna Moth, aka Silent Ransom Group, has ramped up callback phishing campaigns in attacks on legal and financial institutions in the United States. According to EclecticIQ researcher Arda Büyükkaya, the ultimate goal of these attacks is data theft and extortion. Luna Moth, known internally as Silent Ransom Group, are threat actors who previously conducted…
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Indian IT services firms face project delays amid the US tariff war – Computerworld
K. Krithivasan, CEO and MD at TCS, while announcing the quarterly results, stated that while the overall business environment was positive till February, the company started witnessing some amount of uncertainty since March. This has resulted in some project delays and some ramp-downs. “The Consumer Business Group saw heightened caution and delays in discretionary projects, especially in the US. This…
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Cyber attacks against UK firms dropped by 10% last year, but experts say don’t get complacent
More than four-in-ten UK businesses were hit by a cyber attack last year, marking a decrease on the year prior – but security experts have warned enterprises to still remain vigilant. The government’s latest Cybersecurity Data Breaches Survey revealed that 43% of businesses were affected, with a total of 612,000 cyber attacks or breaches recorded across the year. That’s noticeably…
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Chinese firms accused of poaching Taiwan’s chip engineers using bogus front companies – Computerworld
The statement provided three examples, the most prominent of which was Semiconductor Manufacturing International Corporation (SMIC), China’s largest chip maker, which is partially owned by the Chinese state. The company had started recruiting staff via a front company set up in Taiwan as a subsidiary of a separate entity apparently based in the island of Samoa, the MJIB claimed. Meanwhile,…
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China’s AI Ambitions Curbed as US Cracks Down on Military-Linked Tech Firms
U.S. Secretary of Commerce Howard Lutnick (pictured) said that the U.S. “will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives.” Image: World Economic Forum/Flickr/Creative Commons The U.S. has blacklisted approximately 80 foreign entities, citing heightened national security concerns. The majority are Chinese companies suspected of procuring American hardware to aid the development…
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Financial services firms look to AI to improve resilience
The financial services sector is ramping up AI adoption to bolster resilience in the wake of a spate of major IT outages, new research suggests. According to PagerDuty’s 2025 State of Digital Operations report, four-in-ten (38%) financial services companies believe that generative AI can improve operational efficiency and help improve their IT service performance. When it comes to outages and…
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UK tech firms have a chance to trial a four-day week this year – here’s how other pilot schemes fared
British tech companies considering shifting to a four-day week can now sign up for a supported six-month trial with the 4 Day Week Foundation. The campaign group is offering six weeks of training and workshops beginning in May, as well as holding an event on 17 April in London for more information. The trial will be followed and assessed by…
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‘Hiring for promise’: Tech talent shortages mean firms are scrapping traditional recruitment strategies
With more than half of enterprise leaders worried about future skills shortages, many organizations are turning to a range of new techniques to expand potential talent pools. According to Workday’s Global State of Skills report, only 54% of leaders say they have a clear view of the skills within their workforce today, and fewer than a third are confident that…
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