Microsoft explained that the RaaS economy provides even malicious users with little technical expertise access to ransomware payloads, data leakage, and payment infrastructure. Cybercriminals can buy and use multiple RaaS programs such as Conti or REvil, and switch between them as needed. This market for ransomware services has created an entire industry with its own middlemen, including brokers and other specialized roles.
E-security firm Checkmarx has called for the software industry to secure its supply chains saying that developers don’t always have time to closely scrutinize the inner workings of open source code packages.
Enterprise security software provider Trend Micro announced the official entry of its unified cybersecurity platform ‘Trend Micro One’ which will encompass several of the company’s key business segments under one umbrella platform.
The bank’s removal of clickable links in all forms of communications is in support of a BSP memorandum, which contained recommended control measures against cyber fraud and attacks on retail electronic payments and financial services.
The Bangko Sentral ng Pilipinas (BSP) has warned the public to be vigilant against fraud perpetrated through unsolicited emails or text messages with links that redirect the mobile user to highly suspicious websites.
PLDT-Smart worked with cybersecurity firm Palo Alto to produce a first-of-its kind child protection platform that prevents access to known child sexual abuse and exploitation materials.
‘Quishing’ makes use of a malicious QR code that when scanned, directs unsuspecting victims to a fake version of a legitimate website, and lures them into giving up sensitive information like login credentials.
End-to-end cyber defense platform BlueVoyant, a US-based company which officially opened its local office in Manila on October of 2019, reported a rising trend in supply chain breaches and enterprises left unaware of security issues with partner suppliers.
Vishing, short for voice phishing, is the fraudulent practice of convincing individuals to call cybercriminals and reveal personal information and bank details over the phone.
