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Tech

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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News

Major Microsoft outage shuts down airlines, news and cloud servers worldwide

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A widespread Microsoft outage is affecting Australia’s supermarkets, banks and telecommunications companies.

A widespread Microsoft outage is affecting Australia’s supermarkets, banks, telecommunications companies.

There are also reports of outages in Japan and the United States.

The ongoing widespread outage is reportedly related to US-based cybersecurity provider CrowdStrike. Its ‘Falcon sensor’ is installed on many business computers to gather security data.

In a statement to Ticker News, StickmanCyber said:

“Multiple StickmanCyber security engineering and our 24×7/365 security operations teams across the country support reports that this outage is related to a CrowdStrike update. 
 
“It is our understanding that any business running versions 7.15 and 7.16 are affected by the outage, but 7.17 seems to be ok. We are waiting on official advisory from CrowdStrike on these findings but doing our best to help affected customers. It’s a lesson to always update your software, but obviously this is an extreme example. IT security tools are all designed to ensure that companies can continue to operate in the worst-case scenario of a data breach, so to be the root cause of a global IT outage is an unmitigated disaster.
 
“Crowdstrike support is offering a workaround to customers. It claims users may be able to fix the issue by booting windows in safe mode or in the Windows Recovery Environment and deleting a file named “C-00000291*.sys”.   

“CrowdStrike is aware of reports of crashes on Windows hosts related to the Falcon sensor,” the company said in a statement on its website.

“Symptoms include hosts experiencing a bugcheck\blue screen error related to the Falcon sensor. Our engineering teams are actively working to resolve this issue and there is no need to open a support ticket.

“Status updates will be posted below [on the Microsoft websit€0 as we have more information to share, including when the issue is resolved.”

Laptops down

Thousands of users across the world reported problems with Microsoft services to Downdector.com, a website that tracks service disruptions.

Microsoft laptops suddenly restarted across Australia on Friday afternoon.

Outage website Downdetector shows issues across companies including NAB, Bendigo Bank, Telstra, CBA, Google.

Microsoft response

As users take to social media to complain, Microsoft reported a service outage for its Microsoft 365 apps and services, affecting businesses and users across the world.

“We’re investigating an issue impacting users ability to access various Microsoft 365 apps and services,” Microsoft 365 Status said on X early Friday.

Microsoft didn’t respond immediately to a request for comment.

Frontier airlines

 

The outage forced low-cost airline Frontier to cancel some flights. “Our systems are currently impacted by a Microsoft outage, which is also affecting other companies,” Frontier said in a statement. “We appreciate your patience.” The carrier said it would offer refunds to affected passengers.

The Federal Aviation Administration said Frontier asked it to pause the airline’s departures across the U.S. Thursday night. The ground stop was later lifted. 

 

 

 

 

 

 

It said it is “observing a positive trend in service availability” as it continues to mitigate the problem.

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Money

Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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News

Tech researchers argue that ChatGPT’s AI comedy is beating humans to the punchline

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ChatGPT has taken to the stand-up stage, with some researchers arguing that AI has finally beaten humans to the punchline.

GenAI takes the next leap forward, now targeting the comedy scene – but will the machines get the last laugh?

Tom Finnigan from Talkingbrands.ai joins to discuss all the latest AI updates. #featured

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