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☆ Global police agencies take down massive scam website that defrauded thousands of victims
▼ + stars: | 2024-04-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Seksan Mongkhonkhamsao | Moment | Getty ImagesA huge fraud website used by thousands of criminals to trick people into handing over personal information such as email addresses, passwords and bank details, has been infiltrated by international police. Britain's Metropolitan Police said in a statement Thursday that the website, called LabHost, was used by 2,000 criminals to steal users' personal details. Police have so far identified just under 70,000 individual U.K. victims who entered their details onto a website linked to LabHost. LabHost obtained 480,000 credit card numbers, 64,000 PIN codes, as well as more than 1 million passwords used for websites and other online services, the Metropolitan Police said. The Metropolitan Police said that up to 25,000 victims in the U.K. have been contacted by police to notify them that their data has been compromised.

Persons: LabHost, Dame Lynne Owens, Owens Organizations: Britain's Metropolitan Police, Police, Metropolitan Police, The Metropolitan Police, Metropolitan Police Service, Intel, Microsoft, Shadowserver Foundation, Trend, Cyber Defence Alliance, National Crime Agency, City of London Police

☆ TikTok cuts about 60 jobs as January layoffs continue across tech industry
▼ + stars: | 2024-01-23 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users. TikTok has cut about 60 jobs, CNBC confirmed, the latest tech company to downsize at the start of 2024. Tech companies like Amazon , Alphabet , Unity , Discord and Trend Micro have all cut staff in January, continuing a trend from last year, when the industry slimmed down and slashed costs following an extended boom. In November, ByteDance slashed hundreds of jobs in the company's gaming division, Nuverse. The layoffs indicated that ByteDance was scaling back its gaming efforts, an area where it's been competing with Chinese rivals Tencent and NetEase.

Persons: Dylan Jadeja, TikTok, ByteDance, it's, Tencent, we've Organizations: CNBC, NPR, Tech, Riot, Apple Locations: Australia, Singapore, Mexico, Los Angeles , New York, Austin , Texas, U.S

The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland, on April 3, 2021. Discord will lay off 17% of the company's workforce, which equates to 170 employees, a spokesperson confirmed Thursday. Discord, which ranked 18th on CNBC's Disruptor 50 list for 2023, was valued at about $15 billion in 2021 at the height of the tech boom. Layoffs have been a big story across the tech landscape since the calendar turned to 2024. WATCH: Google to lay off hundreds as big tech layoffs continue

Persons: Jason Citron, Bob Carrigan Organizations: Google, Unity Software Locations: Warsaw, Poland

☆ Trend Micro lays off 2% of its global workforce
▼ + stars: | 2024-01-09 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Trend Micro has laid off 2% of its overall workforce. "Trend Micro informed 2% of its worldwide team that their roles were eliminated," a spokesperson said in a statement. "This decision is in alignment with Trend Micro's business transformation and focus on customer expansion through our platform." In response to an analyst question in November about the company's declining headcount and if it has stopped shrinking its workforce, Trend Micro said, "we don't have a plan to actively increase the head count." Trend Micro joins a growing list of technology firms that have recently slashed jobs amid a challenging economy.

Organizations: Trend, Unity Software, Xerox

☆ How the CEO of cybersecurity company Trend Micro confronted her fear of butterflies
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: +1 min

Lepidopterophobia, or the phobia of butterflies and moths, is something that bothers Eva Chen, CEO of cybersecurity company Trend Micro. Overcoming her fear has helped Chen navigate the world of business, especially when she has a tough decision to make. Until now, I still don't know why I think butterflies look very strange," Chen shared with CNBC's My Biggest Lessons. But when Chen took the helm of Trend Micro, she decided to confront her fear of butterflies by keeping a taxidermy of the insects. "I touch my butterfly [earrings] and say, I can do it, I can overcome my fear," she said.

Persons: Eva Chen, Chen, CNBC's, Eva Chen's

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsCompanies Boeing Co FollowLONDON, Nov 10 (Reuters) - Internal data from Boeing (BA.N), one of the world's largest defence and space contractors, was published online on Friday by Lockbit, a cybercrime gang which extorts its victims by stealing and releasing data unless a ransom is paid. According to a post on Lockbit's website, the data from Boeing was published in the early hours of Friday morning. “We are aware that, in connection with this incident, a criminal ransomware actor has released information it alleges to have taken from our systems," Boeing said. The company said it "remains confident" the event does not pose a threat to aircraft or flight safety, but declined to comment on whether defense or other sensitive data had been obtained by Lockbit.

Persons: Benoit Tessier, Lockbit, Lockbit ransomware, James Pearson, Tim Hepher, Valerie Insinna, Kirsten Donovan, David Evans, Emelia Organizations: Boeing, Paris, REUTERS, Rights, Reuters, Lockbit, Cybersecurity, Infrastructure Security Agency, Industrial, Commercial Bank of China's, U.S . Treasury, Thomson Locations: Le Bourget, Paris, France, United States, India, Brazil, U.S, Washington

☆ 4 ways an influx of IoT devices can create security concerns for 5G networks, and how to mitigate that risk
▼ + stars: | 2023-11-03 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +4 min

The combination of 5G and IoT devices can be a boon for businesses. Here, experts advise how to tamp down the risks of integrating IoT devices into your 5G network. "IoT devices are appealing targets for cybercriminals because of their always-on nature," Steve Jacques, a consulting engineer at Juniper Networks, told Insider. IoT devices can integrate with the network — unless you segment them offAnother issue is that IoT devices integrate deeply with networks, passing data to and from your core network. Because of their consumer focus, many IoT devices are not designed with security in mind and may contain vulnerabilities or weak default configurations.

Persons: —, Steve Jacques, Jacques, Parm Sandhu, Sandhu, They're Organizations: Service, Trend Micro, Juniper Networks, NTT Ltd

☆ Huge increase in 'spear phishing' ever since ChatGPT's rise, says Japanese cybersecurity firm
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuge increase in 'spear phishing' ever since ChatGPT's rise, says Japanese cybersecurity firmEva Chen, CEO of Trend Micro, discusses the challenges of tackling cyberattacks.

Persons: Eva Chen Organizations: Trend

☆ ChatGPT Helped Win a Hackathon
▼ + stars: | 2023-03-20 | by ( Kim S. Nash | ) www.wsj.com time to read: +3 min

The ChatGPT AI bot has spurred speculation about how hackers might use it and similar tools to attack faster and more effectively, though the more damaging exploits so far have been in laboratories. In its current form, the ChatGPT bot from OpenAI, an artificial-intelligence startup backed by billions of dollars from Microsoft Corp., is mainly trained to digest and generate text. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. PREVIEWTwo security researchers from cybersecurity company Claroty Ltd. said ChatGPT helped them win the Zero Day Initiative’s hack-a-thon in Miami last month. At the contest, Mr. Moshe and his partner succeeded all 10 times they tried, winning $123,000.

ION Group, the financial data firm's parent company, said in a statement on its website that the attack began on Tuesday. "The incident is contained to a specific environment, all the affected servers are disconnected, and remediation of services is ongoing," ION Group said, declining requests for further comment. ABN told clients on Wednesday that due to "technical disruption" from ION, some applications were unavailable and were expected to remain so for a "number of days". It added that its staff had to process trades directly with the exchange. Intesa Sanpaolo told clients that its brokerage and clearing operations on exchange-traded derivatives had been "severely hampered" by IT problems at ION and that it was not able to handle orders.

☆ Op-ed: Salesforce appoints ValueAct’s Morfit to its board and a proxy fight may loom ahead
▼ + stars: | 2023-01-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

The firm's principals are generally on the boards of half of ValueAct's core portfolio positions and have had 55 public company board seats over 22 years. Adding Morfit to the board of Salesforce makes a ton of sense regardless of the activist environment. Morfit has experience helping management increase both growth and margins from a board level, and both can be improved at Salesforce. The looming question is whether he will initially be doing this with an activist cloud hanging over the company's head in the form of a proxy fight by one of the other activists involved. It likely had been engaging with Salesforce management for several months, and this appointment may have happened just as a threatened proxy fight was reported.

☆ 'At least we now know': CFO on UK election outcome
▼ + stars: | 2019-12-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'At least we now know': CFO on UK election outcomeMahendra Negi of Trend Micro discusses the U.K. election outcome. He says, with more certainty on Brexit, companies can be more confident in making business plans.

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