 The U.S. has doubled its reward offer for those who have information on North Korean hackers. The U.S. Government is now offering $10M. More: - The government is seeking information on hacker groups such as Andariel, APT38, Bluenoroff, Guardians of Peace, Kimsuky, and Lazarus Group.
- Those who want to give information can do so through a dedicated Tor tip-line to guarantee anonymity.
- North Korean hackers have been active with numerous hacking campaigns recently. They are responsible for the breach of Axie Infinity in the largest crypto hack ever, with over $618M being stolen.
- North Korean hackers have also been tracked as being responsible for fake hiring campaigns, where they pretend to be remote programmers or engineers but are instead hackers for the government.
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 New malware tracked as Ducktail is breaching Facebook business accounts. The hacking campaign is believed to originate in Vietnam. More: - This malware can steal information by targeting accounts that are authenticated with their browser. By doing so, the log-in credentials are already ready for taking.
- The campaign is mainly targeting people who work in the marketing industry, potentially signaling that the threat actor intends to continue their cyberattacks against advertisement platforms and their users.
- Those who have access to popular Facebook pages are at most risk due to the large amount of data that they possess. Hackers also are trying to convince users to download several malware-infected files that are hosted on fake storage websites.
- Countries that have been the most affected by these attacks are the Philippines, India, Saudi Arabia, Italy, Germany, Sweden, and Finland.
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According to a new report, the global cost of a data breach has ballooned to $4.35M. The figure represents a 13% increase YoY. More: - The report interviewed 550 organizations in 17 countries. Besides the increase in the average cost of a breach, most companies stated that consumers are disproportionally harmed by breaches.
- According to this research, 60% of companies who are victims of a hacking campaign raise their prices soon after, confirming the fact that cyberattacks have increasingly become costly and crucial for the consumer's purchasing power.
- 83% of the surveyed companies stated that they had suffered from at least one cyberattack, while 45% of the attacks happened in the cloud. The average response time has also fallen to 277 days.
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Cisco is investing $10M in startup Island in the company's Series B fundraise. Island is a startup that provides a browser experience that the company claims is the safest in the industry. More: - The company raised $115M in a Series B round at a $1.3B valuation in March 2022.
- This round was led by Insight Partners, with Stripes, Cyberstarts, and Sequoia Capital also participating, making the fund worth $200M in total.
- Island is based in Israel, a country that is known for having one of the world's highest startup founder numbers per ratio and also some of the world's best cybersecurity companies.
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AI startup TrojAI Inc. has raised a $3M Seed Round, with plans to expand toward machine learning. The round was co-led by Flying Fish Ventures and Build Ventures. More: - The company believes that the world is at a tipping point and that the impact AI will have on the world is as big as the internet itself.
- TrojAI will use the funds to hire new staff as the company wants to transition towards machine learning.
- The startup has previously raised $750,000, while the Canadian-founded company aims to become a one-stop shop AI company for those who want to apply the same defensive approach from the testing to the deployment of their product.
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- Hackers are using bots that can be bought for $25 to breach Telegram users.
- CosmicStrand UEFI malware has been tracked in Gigabyte and ASUS motherboards, causing concern among their users regarding spyware and data theft.
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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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