cyberattacks News

China Poses ‘Alarming’ Threat to US Power Grid, Lawmakers Told

China represents an increasing threat to the US power grid, lawmakers were told Tuesday during a hearing in which they were warned a cyberattack from the nation could plunge military and other sensitive sites into darkness. “The Chinese activities are …

Microsoft Says Chinese Hackers Used Code Flaw to Steal Emails From US Agencies

Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients. The company said in a blog post that the …

Attacks on U.S. Power Grids Rose to All-Time High in 2022

Attacks on US power grids rose to an all-time high last year, further straining the sprawling and aging network. The number of direct physical attacks, including acts of vandalism and other suspicious activity, that potentially threatened grid reliability rose 77% …

Denial-of-Service Attacks Rise, Raising Concerns for Banks

Long considered a nuisance, distributed-denial-of-service attacks, or DDoS, are a growing problem for banks and other financial businesses, according to a new report. The volume of DDoS attacks targeting financial firms increased 22% year-over-year as of November, according to a …

FTX Was Run as ‘Personal Fiefdom,’ Faces Hacks and Missing Assets: Attorneys

FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange said in its first bankruptcy hearing as they detailed ongoing challenges such as hacks and substantial missing assets. In the highest-profile crypto …

Hackers Targeting Tech Supply Chains Spur Security Startup Boom

Cyberattacks on the digital supply chain have become increasingly common, as hackers seek out weak links among makers of computer code and equipment to breach organizations that depend on the technologies. In 2020, for example, hackers suspected of working for …

More Frequent, More Expensive Cyberattacks Spur US Spending on IT

A new study from insurer Hiscox shows that cyberattacks on U.S. businesses are more frequent and more expensive than ever before. The annual Hiscox Cyber Readiness Report, which gauges businesses’ preparedness to combat cyber incidents and breaches, surveyed over 5,000 …

Russian Hackers Also Focused on US and NATO Since Invasion

Russia is expanding its espionage and influence operations against Ukraine and its allies, including malicious cyber activity that requires a coordinated, robust response, Microsoft Corp said in a report published Wednesday. Russia has deployed a three-pronged strategy of coordinated military, …

Task Force: Idaho Must Shore Up Cybersecurity

Idaho needs to be better prepared to defend against inevitable cyberattacks that could harm individuals, businesses and critical infrastructure, the Governor’s Cybersecurity Task Force said in a new report. The 34-page report contains 18 major recommendations that include providing active …

FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat

Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national security, a top FBI official told lawmakers on Tuesday. “The …