Plus: Hewlett Packard acquires cloud-to-edge platform Axis Security
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Researchers have found a security flaw in the U.S. government's quantum-resistant algorithm. The flaw leaves the algorithm susceptible to electromagnetic physical attacks. More: - The specific algorithm is named CRYSTALS-Kyber and is one of the four main algorithms the U.S. government chose to protect its digital infrastructure against cyberattacks powered by quantum computing.
- If the flaw is successfully breached, hackers could steal information such as ciphertext and encryption keys.
- The side-channel attack enables hackers to steal information in a plethora of ways, including extracting secrets from a cryptosystem through measurement and analysis of physical parameters. This method could be deployed through:
- supply current,
- execution time,
- and electromagnetic emission.
- The researchers have also developed a new message recovery method called cyclic rotation that manipulates ciphertexts to increase the leakage of message bits, thereby increasing the success rate of message recovery.
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The city of Oakland, California, is suffering a major data leak after being hacked last month. The Play ransomware group is suspected to be the threat actor behind the attack. More: - Oakland has yet to officially state what kind of files the hackers managed to steal, but it is likely that the personal information of the municipality's employees is part of that data.
- The Play hacker group is believed to have already begun releasing the stolen files in specific online forums.
- The breach, which occurred on Feb. 8, 2023, forced Oakland to shut down all of its non-emergency systems. Most of these services have yet to be activated.
- Other services that were affected include:
- Business Tax Online Payments system,
- parking citation payment processing,
- permit application processing, etc.
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British retail chain WHSmith has been hit by a data breach. The breach may have exposed the data of thousands of current and former employees. More: - The company has stated that it will directly notify the affected individuals through email.
- This breach is believed to have occurred after Jan. 18, but more technical details have yet to be announced.
- WHSmith currently employs over 12,000 people and has $1.6B in revenue.
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Hackers have allegedly stolen $4.2M from Visa-backed unicorn startup Flutterwave. The company has denied the claims. More: - 28 bank accounts involved in over 60 transactions have been frozen as a result of an ongoing investigation.
- The company has denied claims that it was hacked, saying that no user has lost their funds from the intercepted security risk.
- Flutterwave is Africa's largest startup. The company offers fintech services and is backed by investors such as Y-Combinator, Visa, Mastercard, etc.
- The company is based in Nigeria.
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Hewlett Packard has acquired user authentication platform Axis Security for an undisclosed amount. The company is based in San Francisco and Tel Aviv. More: - Axis Security specializes in edge-to-cloud security services.
- Before being acquired, the company had raised around $100M in funding from investors such as:
- Cyberstars,
- Ten Eleven,
- Canaan, and
- Spark Capital.
- The company offers Zero Trust Network Architecture as a tool to replace VPNs for enterprises, secure cloud network usage through CASBs, secure web browsing through its web gateway, etc.
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- A hacking campaign tracked as Hiatus is targeting DrayTek Vigor routers. The malware is able to steal data from victims and build a custom proxy network that is remotely accessible.
- The U.S. Environmental Protection Agency has issued a new memorandum where it calls for the enhancement of the cybersecurity technology that protects water resources in the U.S.
- The British government has announced that it aims to upskill 7000 government employees. A portion of these professionals will work in counter-fraud divisions by the end of 2023.
- German and Ukrainian police authorities have arrested several individuals that are believed to be members of the DoppelPaymer ransomware gang.
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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 and 1972 Fords. | |
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