Global Cyber Pulse: 2nd Aug, 2024

August 2, 2024 | Cybersecurity
By Ashwani  Mishra, Editor-Technology, 63SATS

French authorities have prevented 68 cyberattacks related to the Paris Olympics since July 22, with expectations of increased threats. The UK’s NCA has shut down Russian Coms, a spoofing platform responsible for millions in financial losses. India’s telecom sector reported seven data breaches since December 2023. Meta has agreed to a $1.4 billion settlement with Texas for unlawful biometric data capture. Following a ransomware attack, 300 small Indian banks are back online. India has seen a significant rise in malware, ransomware, and IoT attacks, as reported by SonicWall.

Stay ahead in the dynamic world of cybersecurity.

Here’s your concise guide to the latest trends, threats, and breakthroughs from around the globe:

 French Authorities Thwart 68 Cyberattacks Linked to Paris Olympics

French authorities have foiled 68 cyberattacks related to the upcoming Olympic Games, targeting sites in Bercy and La Villette. A major operation was launched to address infected computers. Tokyo Olympics organizers reported 450 million cyberattacks, with Paris 2024 expecting even more.

UK NCA Shuts Down Russian Caller ID Spoofing Platform

The UK’s National Crime Agency has dismantled Russian Coms, a platform used for 1.8 million scam calls, causing tens of millions in financial losses to 170,000 victims across 107 countries.

Seven Telecom Data Breaches Reported Since December 2023

Minister of State for Communications Pemmasani Chandra Sekhar reported five data breaches in 2024-25 and two in 2023-24. Causes are still undetermined, and no actions have been taken against service providers.

Meta Agrees to $1.4bn Settlement with Texas for Biometric Data Violations

Meta has settled for $1.4 billion with Texas for unlawfully capturing biometric data of millions of Texans, the largest privacy settlement in US history. Payments will be made over five years.

Small Indian Banks Resume Operations After Ransomware Attack

Nearly 300 small Indian banks, impacted by a ransomware attack on C-Edge Technologies, are back online. The attack affected one-fifth of India’s cooperative and regional rural banks. A forensic audit confirmed the attack was limited to C-Edge’s systems.

India Reports Surge in Cyber Threats

India has seen an 11% rise in malware attacks and a 22% increase in ransomware incidents in 2024, per SonicWall’s Mid-Year Cyber Threat Report. The report also noted significant increases in IoT and crypto attacks.