In Other News: $350 Million Google Settlement, AI-Powered Fraud, Cybersecurity Funding 

In Other News: $350 Million Google Settlement, AI-Powered Fraud, Cybersecurity Funding 

February 9, 2024 at 04:09PM

SecurityWeek’s cybersecurity roundup provides a concise compilation of notable stories that may have been overlooked, including a service generating fake IDs, a deepfake CFO tricking a finance worker, the Black Hunt ransomware using leaked code, a cyberattack on the Pennsylvania Courts website, and other developments. Notable patches and industry reports are also featured.

Based on the meeting notes, here are the key takeaways:

– A deepfake CFO tricked a finance worker in Hong Kong into sending $25 million to fraudsters, highlighting the increasing threat of deepfake AI technology in financial fraud.

– The Black Hunt ransomware, leveraging leaked LockBit code, recently affected around 300 companies in Paraguay and shares characteristics with other ransomware families.

– The Pennsylvania Courts’ website experienced a denial-of-service (DoS) attack, though there is no indication of compromised court data.

– A Cybersecurity funding insights report for the fourth quarter of 2023 revealed that $89 billion were invested across approximately 6,400 deals last year, marking the lowest figures in the past five years.

– Google has agreed to a $350 million settlement in a shareholder lawsuit related to a 2018 Google+ data leak, denying any wrongdoing and finding no evidence of misuse of exposed data.

– OpenSSF and CISA have collaborated to develop a framework for package repository security, identifying a “taxonomy of package repositories and a set of principles for their security capabilities.”

– Nozomi Networks published a report assessing the OT/IoT threat landscape, examining reported vulnerabilities, malware, and botnets in the second half of 2023.

– Patches have been released by companies like SonicWall, Google, and VMware to address high-severity vulnerabilities in their products.

Please let me know if you need more details on any specific story from the meeting notes.

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