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India Unveils Innovative Domain Name Initiative for Banks to Combat Digital Fraud
India’s central bank, the Reserve Bank of India (RBI), will launch the exclusive “.bank.in” domain for banks in April 2025 to enhance online banking security and combat digital payment fraud. The Institute for Development and Research in Banking Technology (IDRBT) will serve as the registrar for this domain. RBI Governor Sanjay Malhotra emphasized the need to reduce cybersecurity threats and increase consumer trust. This initiative also includes a distinct ‘fin.in’ domain for non-bank financial institutions. Detailed guidelines will be provided to ensure a smooth transition, aiming to foster a safer digital economy and improve user awareness of secure banking platforms.
Stalkerware Apps Exposed: The Hidden Dangers You Must Avoid to Protect Your Privacy
The rise of stalkerware—software designed to secretly monitor individuals—poses serious privacy and safety concerns. With at least 25 stalkerware companies experiencing significant data breaches since 2017, the exposure of sensitive victim information has increased, exemplified by the recent SpyX breach affecting nearly two million users. Often marketed as tools for relationship security, these applications raise ethical and legal issues, particularly when used by jealous partners. Cybersecurity experts warn that the industry lacks adequate data protection, making it a “soft target.” Using stalkerware is illegal in many areas, and ethical alternatives like parental controls exist for monitoring children safely.
Paragon Confirms U.S. Government’s Use of Their Spyware Solutions
Israeli spyware firm Paragon Solutions has confirmed it supplies technology to the U.S. government and allied nations, amid allegations of misuse against journalists and civil society members. Paragon’s chairman, John Fleming, stated the company enforces strict licensing policies that prohibit the unlawful targeting of such individuals, with a zero-tolerance policy for violations. The controversy heightened after WhatsApp alleged Paragon’s spyware was involved in hacking campaigns against 90 targets, including journalist Francesco Cancellato and activist Husam El Gomati. WhatsApp has since issued a cease and desist letter to Paragon, as concerns grow over the implications of its technology.
PowerSchool Network Breach: Hacker Infiltrated System Months Ahead of December Security Collapse
A significant data breach involving U.S. edtech company PowerSchool has been revealed, following an investigation by cybersecurity firm CrowdStrike. The unauthorized access began as early as August 2024, months before the major breach reported in December 2024. PowerSchool confirmed that hackers exploited compromised support credentials, leading to unauthorized activity between December 19 and December 28, 2024. While CrowdStrike noted the lack of definitive links between the earlier access and the December breach, they indicated that timely action could have mitigated the incident. Concerns grow as over 60 million students’ personal information may be compromised, but PowerSchool has not disclosed specific numbers.
DOJ Confirms FBI’s Major Operation to Eradicate Chinese Malware from Thousands of US Computers
U.S. authorities have disrupted the operations of the state-sponsored Chinese hacking group “Twill Typhoon,” linked to a global espionage campaign affecting millions of computers. On August 2024, the Department of Justice and FBI, in collaboration with French authorities and the cybersecurity firm Sekoai, executed a court-authorized operation to eliminate the “PlugX” malware from over 4,200 infected U.S. computers. The malware, utilized since 2014 for espionage, collects victim files for exfiltration. The U.S. has accused the Chinese government of funding Twill Typhoon, amid ongoing concerns about Chinese cyber threats targeting global organizations and government systems.
Effortlessly Eliminate Security Vulnerabilities with Backline’s Automated Remediation
Backline, a security startup utilizing AI to automate the remediation of security vulnerabilities, has raised $9 million in seed funding led by StageOne Ventures. Founded by Maor Goldberg, a former co-founder of Whitebox Security, Backline aims to ease the burden on developers and security teams overwhelmed by numerous alerts. Its AI agents analyze vulnerabilities, propose solutions, implement changes, and test their effectiveness. Beyond immediate remediation, Backline plans to address various cybersecurity issues such as software supply chain vulnerabilities and identity management. The startup’s innovative approach has garnered support from investors, highlighting its potential to enhance cybersecurity efficiency.