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Report reveals most common types of cyber crime

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The prevalence of cybercrime has emerged as a big worry for businesses, with a myriad of illicit activities posing significant threats to individuals and organisations.

Recent reports shed light on the most common types of cybercrime, underscoring the need for heightened vigilance and robust cybersecurity measures.

Among the myriad of nefarious activities, several types of cybercrime stand out as particularly prevalent and pervasive.

Phishing emerges as a leading tactic employed by cybercriminals, involving deceptive attempts to obtain sensitive information such as login credentials and financial data through fraudulent emails, websites, or messages.

With increasingly sophisticated techniques, phishing attacks continue to target unsuspecting individuals and organizations, highlighting the importance of vigilance and skepticism when engaging with digital communications.

Ransomware, another prominent cyber threat, has garnered widespread attention for its disruptive and financially motivated nature.

This form of malware encrypts files or locks users out of their systems, demanding ransom payments in exchange for restoring access.

The report underscores the devastating impact of ransomware attacks on businesses, governments, and individuals, emphasizing the urgent need for robust cybersecurity defenses and incident response strategies.

Most common threats

Identity theft remains a pervasive concern in the digital age, with cybercriminals leveraging stolen personal information for fraudulent purposes, including financial fraud and identity fraud.

From social security numbers to credit card details, sensitive data is increasingly targeted by malicious actors seeking to exploit vulnerabilities in digital systems and processes.

Other common types of cybercrime highlighted in the report include malware, data breaches, cyberbullying, online scams, DDoS attacks, cyber espionage, and cyber stalking.

Each presents unique challenges and risks, necessitating comprehensive cybersecurity strategies to mitigate potential harm and safeguard digital assets.

As cyber threats continue to evolve in sophistication and scale, the imperative for proactive cybersecurity measures has never been greater. From robust encryption protocols to user awareness training, organisations and individuals must remain vigilant and proactive in defending against cybercrime.

By staying informed about emerging threats and implementing effective security practices, stakeholders can enhance digital resilience and mitigate the risks posed by cyber adversaries.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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TikTok launches Instagram competitor ‘Notes’

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TikTok Notes has launched in Australia & Canada as a formidable competitor to Instagram, offering a unique platform for content creation, text and sharing.

“TikTok Notes is a lifestyle platform that offers informative photo-text content about people’s lives, where you can see individuals sharing their travel tips and daily recipes,” reads the official App Store description.

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The app allows users to create content by combining short videos with text-based notes, closely resembling that of Meta’s Instagram.

Whether it’s sharing a quick tutorial, a personal anecdote, or a thought-provoking message, TikTok Notes is positioned to be a formidable social media platform.

Currently, the app is only available for download and “limited testing” in Australia and Canada.

As it gains momentum, the platform is poised to contest Instagram’s established reign in the social media landscape.

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Tech

Ramifications of a TikTok ban to impact Open Internet

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The United States’ longstanding advocacy for an open internet faces a critical juncture as Congress considers legislation targeting TikTok.

The proposed measures, including a forced sale or outright ban of TikTok, have sparked concerns among digital rights advocates and global observers about the implications for internet freedom and international norms.

For decades, the U.S. has championed the concept of an unregulated internet, advocating for the free flow of digital data across borders.

However, the move against TikTok, a platform with 170 million U.S. users, has raised questions about the consistency of America’s stance on internet governance.

Read more – Big tech to handover misinformation data

Critics fear that actions against TikTok could set a precedent for other countries to justify their own internet censorship measures.

Russian blogger Aleksandr Gorbunov warned that Russia could use the U.S. decision to justify further restrictions on platforms like YouTube.

Similarly, Indian lawyer Mishi Choudhary expressed concerns that a U.S. ban on TikTok would embolden the Indian government to impose additional crackdowns on internet freedoms.

Moreover, the proposed legislation could complicate U.S. efforts to advocate for an internet governed by international organizations rather than individual countries.

China, in particular, has promoted a vision of internet sovereignty, advocating for greater national control over online content.

A TikTok ban could undermine America’s credibility in urging other countries to embrace a more open internet governed by global standards.

 

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BlackRock CEO Larry Fink says AI leads to higher wages

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Larry Fink, the CEO of BlackRock Inc., has outlined his vision for the impact of the firm’s investment in artificial intelligence.

During the company’s recent earnings call, Fink emphasized the connection between productivity gains driven by AI and the potential for rising wages among BlackRock’s workforce.

He explained the firm’s ambition to leverage AI technology to enhance efficiency, enabling employees to accomplish more with fewer resources.

Fink’s remarks underscore BlackRock’s strategic approach to harnessing AI as a tool for optimising operations and driving organisational growth.

Read more – Australia’s productivity gap widens

By leveraging AI-driven productivity enhancements, the company aims to empower its employees to deliver greater value, thereby paving the way for wage increases across the organisation.

The CEO’s statement reflects a broader trend in the intersection of technology and labor dynamics, where advancements in AI and automation have the potential to reshape workforce dynamics and compensation structures.

Fink’s optimism about the transformative impact of AI investment on employee wages highlights BlackRock’s commitment to embracing technological innovation as a catalyst for sustainable business growth and employee prosperity.

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