Microsoft engineer accidentally saves millions from malware attack

Millions of computers worldwide could have been victims of the most widespread IT hack yet, had it not been foiled just days ago by Microsoft engineer, who spotted the malicious code almost by accident. Andres Freund is a Microsoft software engineer who realised that...

Credit squeeze spawns sharp spike in fraud

Businesses have experienced a noticeable spike in fraudulent activity – coupled with a significant increase in the value of fraudulent transactions, according to Debtsource credit application data. The context is that companies now rely more heavily on supplier...

Kaspersky discovers DinodasRAT Linux implant

Kaspersky has uncovered a new Linux-targeted DinodasRAT backdoor variant, actively compromising organisations in China, Taiwan, Turkiye, and Uzbekistan since at least October 2023. This variant allows cybercriminals to covertly monitor and control compromised systems,...

Crypto heists surge in 2024

Last year, crypto scammers and hackers stole $1,75-billion worth of cryptos in 283 crypto heists – the highest number of heists the market has ever seen – and, unfortunately, 2024 is heading in the same direction. According to the latest data from...

AI-related risks see surge in audit coverage

The rapid growth and adoption of generative AI (GenAI) has resulted in a scramble to provide audit coverage over potential risks arising from use of the technology, according to a survey by Gartner. “As organisations increase their use of new AI technology many...

Automation, GenAI can optimise shared services

In its recent report – Shared Services Automation for Business Optimisation – IDC highlights the need for shared services in business to boost efficiency, reduce costs, and standardise processes across the organisation. Shared services refer to a business...