Goldman Sachs Of All People Warn Of Cyber Pandemic; Sounds Like Foreshadowing.

An expert at Goldman Sachs Group cautioned that the escalation of Russia’s conflict with Ukraine might lead to greater “malicious cyber activities” with the potential to cause enormous economic and social repercussions (GSG). According to studies, cyberattacks cost the global economy roughly $1 trillion every year, with two-thirds of them being blamed on Russia in recent years, according to Goldman economist Ronnie Walker. Goldman Sachs economists are concerned as the Ukraine situation escalates tensions between the US, its allies, and Russia. According to Goldman Sachs’ top economist Jan Hatzius on March 7, no Russian-based cyberattacks targeting the US have been found since Russia invaded Ukraine in February. Hatzius, on the other hand, highlighted that rising tensions have “increased the risk” of a cyberwar between the two countries, especially because Russia was blamed for nearly 60% of state-sponsored cyberattacks last year.…

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New Chinese Cyber Espionage Tool ‘Daxin’ Surfaces.

Security researchers at Symantec, a leading cybersecurity firm in the United States, have identified a “very sophisticated” Chinese hacking tool that has remained hidden for more than a decade. According to a US official, the discovery was shared with the US administration in recent months, who then shared the information with overseas allies. On Monday, Symantec, a branch of Broadcom, released its research on the tool, which it calls Daxin. Clayton Romans, associate director of the US Cybersecurity Infrastructure Security Agency, said, “It’s something we haven’t seen before” (CISA). “This is exactly the kind of information we’re looking for.” Along with the new research paper, CISA emphasized Symantec’s participation in the JCDC, a collaborative public-private cybersecurity information sharing cooperation. The Joint Cyber Defense Collaborative, or JCDC, is a group of federal defense agencies, including the FBI and the National Security…

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Cyberattack in Ukraine Targets Government Websites, Surely Won’t be the Last.

Ukraine, Kyiv— Officials say a cyberattack made a number of Ukrainian government websites momentarily unavailable on Friday. While it was unclear who was to blame, the outage occurred amid rising tensions with Russia and after discussions between Moscow and the West failed to achieve major results this week. “It is too early to identify who was behind it,” Ukrainian Foreign Ministry spokesman Oleg Nikolenko told The Associated Press, “but there is a long record of Russian cyber assaults against Ukraine in the past.” Moscow had previously denied any involvement in Ukraine’s cyberattacks. According to Victor Zhora, deputy chair of the State Service of Special Communication and Information Protection, the attack targeted over 70 websites of both national and regional government agencies, but no essential infrastructure was harmed and no personal data was accessed. According to Oleh Derevianko, a top private…

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Amazon Web Services Potentially Hacked by China?

Amazon Web Services faced long outages on Tuesday, to which they promptly responded with claims of API and console issues. However, mainstream media has come forward presenting its suspicions against the Chinese Communist Party. CNN detailed their shared concerns with senior vice president and chief technology officer of cybersecurity firm Mandiant Charles Carmakal. “Over time, everybody can arm the damn thing,” Mandiant CEO Kevin Mandia told CNN, referring to the vulnerability. “That’s the problem. And there’ll probably be great hackers hiding in the noise of the not so great.” CTO of cybersecurity firm Mandiant, Charles Carmakal. The problems in Amazon’s large US-East-1 region of data centers in Virginia began at 10:30 a.m. ET on Tuesday, the company said. “An automated activity to scale capacity of one of the AWS services hosted in the main AWS network triggered an unexpected behavior…

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