Plus: NHS may need another month to recover from cyberattack
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 The U.S. government revealed the identity of a suspected Conti group member. The move follows a recent $10M reward announcement for those who have information on the group's members. The U.S. released a photo of the member it believes works under the alias "Target." More: - Conti was an infamous hacker group that was known for breaching governments and institutions around the world.
- The group was shut off soon after the Russian invasion of Ukraine began.
- While Conti had promised to support Russia, a data leak that exposed a lot of private information caused the hacker group to disband.
- The group's work has already been carried on by numerous offshoot groups that have either used the same threat vectors or have updated the ones Conti used.
- Researchers believe that the group managed to collect over $2B during its three-year existence.
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 Meta is testing end-to-end encryption for Messenger. The move comes as the company has tried to add privacy features after a long period of scandals that have plagued the company's image. More: - Meta will present the feature as a default for some select users, while a wider rollout is expected in the upcoming months.
- The company recently also presented encrypted chat backups for WhatsApp, the messaging platform Meta owns.
- Encrypted backups are also being built for Messenger, but the feature is called Secure Storage.
- While WhatsApp is currently the only Meta-owned app that is entirely end-to-end encrypted for all of its users, Messenger is expected to follow suit in 2023.
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 Several Xiaomi phone models have been found to be vulnerable to hacks. The vulnerabilities may affect over 1 billion people worldwide. More: - The flaws were found in the Xiaomi Redmi Note 9T and Redmi Note 11 models.
- Researchers have uncovered a flaw that lets hackers breach trusted apps and downgrade their updates so that they can be less secure once they try to gain remote control.
- By exploiting these flaws, hackers can forge payments through Tencent Soter, a financial app used by Xiaomi.
- Xiaomi claims that the flaws have been patched in a recent update.
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 The NHS may need another month to recover from the recent cyber attack it got hit with. This is due to one of its partner companies, Advanced, being breached severely. More: - The company runs several important software programs for the NHS.
- Among the programs that got breached was NHS 111, an online service where patients can call and ask for urgent medical advice.
- Threat actors managed to cause hours of delays in patient care, while the waiting time for appointments has increased dramatically.
- Advanced recently admitted that the breach was severe, as the U.K. government had previously tried to downplay the hack's importance.
- The company stated that it is currently working with Microsoft and other partners to investigate this hacking campaign.
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 Cybersecurity startup Spin Technology has raised a $16M Series A funding round. The A round was led by A16z. More: - The company aims to be a one-stop shop for data protection.
- Spin is a SaaS platform, making it enticing for investors due to its potential recurring customer base and higher profit margins, especially since cybersecurity companies have raised record amounts of money since the war in Ukraine began.
- Spin offers companies automatic ransomware incident response. This means that companies that are breached will be able to counter-act within two hours of the breach. By doing so, they improve their chances of data retrieval and also reduce costs by up to 90%, according to the company.
- The company also leverages AI to offer other solutions such as automated risk assessments, browser extensions, an all-in-one cybersecurity risks dashboard, etc.
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- A study has found that 25% of employees don't care enough about cybersecurity to report a security incident.
- Targets who have been breached with Zeppelin ransomware may be out of luck, as CISA has stated that multiple keys are needed if victims want to have their stolen data back.
- SolidBit, a ransomware hacker group, is trying to recruit people online. The threat actor is using RaaS as a tool by promising users to share 20% of the profits if they successfully manage to distribute the ransomware in private networks.
- Mesh Security, an Israel-based company, has raised $4.5M in a Seed round. The company has developed a security software platform that companies can import. Once they do so, the software takes care of the security features, enabling the company to be at peace.
- Some commercial cybersecurity products have been found to be using algorithms ripped off from other products.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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