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Understanding the Deepfake Threat

SecureWorld News

While initially popularized in entertainment and satire, cybercriminals now weaponize this technology for fraud, identity theft, and corporate deception. Real-world cases of deepfake attacks Financial fraud : In 2020, a Hong Kong-based multinational firm lost $25 million when an employee was tricked into making wire transfers.

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How Solid Protocol Restores Digital Agency

Schneier on Security

Breonna Taylor was killed in 2020 during a police raid on her apartment in Louisville, Kentucky, when officers executed a “no-knock” warrant on the wrong house based on bad data. They’ve used control of user identity as a key to market dominance and monetization.

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AI-Driven Fraud and Impersonation: The New Face of Financial Crime

SecureWorld News

Impersonation of a bank director: In an earlier notable case, reported in 2020, criminals used AI voice cloning to impersonate a company director and successfully tricked a bank in the United Arab Emirates into transferring $35 million. markets, but regulators warn it's a realistic scenario. Financial regulators in the U.S.

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IT Worker arrested for selling access in $100M PIX cyber heist

Security Affairs

PIX is Brazil’s instant payment system, launched by the Central Bank of Brazil in November 2020. The cyberattack hit at least six financial institutions, shaking the market. The company C&M links smaller banks to Brazil’s PIX system. The man was detained in Jaraguá, São Paulo. ” reported the Brazilian website Globo.

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Monetization Monitor: Monetization Models and Pricing 2020

Reliable insights aren’t getting easier as technology evolves. Tech companies must focus on how to take products to market, through effective pricing, delivery, and monetization. Fast innovation (SaaS, IoT, etc.) across varied companies and industries demands rapid adaptation.

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Threat Spotlight: Credential Theft vs. Admin Control—Two Devastating Paths to VPN Exploitation

Digital Shadows

Ease of Monetization: Stolen VPN credentials are highly marketable on dark-web forums, often selling for as little as $100 and bundled with additional access points like Remote Desktop Protocol (RDP) software or Citrix-based solutions. Rated CVSS 9.8,

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Chinese national charged for hacking thousands of Sophos firewalls

Security Affairs

has charged a Chinese national for hacking thousands of Sophos firewall devices worldwide in 2020. has charged the Chinese national Guan Tianfeng (aka gbigmao and gxiaomao) for hacking thousands of Sophos firewall devices worldwide in 2020. Tianfeng worked at Sichuan Silence Information Technology Co., based Sophos Ltd.