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How the Indian Stock Market is Poised for Global Growth Free Market Trend Analysis ✌️【Fund Management】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. Cybercriminals are already capitalizing on the chaos from Friday’smassive global tech outageby promoting fake websites filled with malicious software designed to compromise unsuspecting victims, according to warnings from the US government and multiple cybersecurity professionals.
Hackers have been setting up phony websites meant to appeal to people seeking information on, or solutions to, the worldwide IT meltdown but in reality are designed to harvest visitors’ information or to breach their devices, the security experts said.
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In a bulletin about the outage, the Department of Homeland Security said it has witnessed “threat actors taking advantage of this incident for phishing and other malicious activity.”
“Remain vigilant and only follow instructions from legitimate sources,” said thebulletinissued by the Department’s Cybersecurity and Infrastructure Security Agency. CrowdStrike has issuedits own guidanceon what affected organizations can do in response to the issue.
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“It’s a pretty standard pattern we see following incidents on this scale,” said Kenn White, an independent security researcher specializing in network security, in an interview with 【 - Free Low-Risk Investment Plans 】. “Criminals are tireless in their creative pursuits to exploit the most vulnerable.”
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One example of that has been targeting Spanish-speaking CrowdStrike customers, the company saidin a separate blog post. The attack comes in the form of a misleadingly named file called crowdstrike-hotfix.zip. When opened, the file installs malicious software that phones home to a server the hackers control and may use to give additional instructions to the malware.
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“CrowdStrike Intelligence recommends that organizations ensure they are communicating with CrowdStrike representatives through official channels and they adhere to technical guidance the CrowdStrike support teams have provided,” the company said.
In some ways, what is currently playing out in cyberspace resembles how mis- and disinformation can overwhelm the public’s understanding of events taking place in the physical world.
Hackers commonly try to use high-profile news stories to funnel traffic their way. For example, after the massive Equifax data breach announced in 2017, security companies said they observed cybercriminals sendinghundreds of thousands of phishing emailsimpersonating banks. The emails sought to prey on anxious victims who, given the Equifax news, may have been more likely to open an email from their financial institution, experts said at the time.
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In recent years, the Federal Trade Commission haspointed to an uptick of scamsin which cybercriminals pretend to be government officials or agencies, such as the Internal Revenue Service or the Social Security Administration. During the Covid-19 emergency, creative hackers evenposed as FTC Chair Lina Khanand sent fake emails that falsely claimed the agency was distributing pandemic relief funds — prompting the FTC to plead with consumers not to respond to those messages.
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In a situation like the CrowdStrike outage, where people are searching for information in an urgent, fast-moving crisis and are hungry for solutions, phishing can mislead well-intentioned people and organizations into taking the wrong steps, making a bad deal even worse.
Phishing dangers compound other knock-on risks, as well. Some organizations may decide on their own to weaken or even disable their cybersecurity defenses while trying to get operations back to normal.
“As customers start to recover, they’ll most likely disable or modify their CrowdStrike protections,” said Azim Khodjibaev, a cybersecurity researcher at Cisco Talos, the cybersecurity arm of the networking company Cisco, ina post on X. “This is going to leave a whole [lot] of people exposed!”
If businesses start falling victim to phishing attacks that wind up compromising important data or key systems, it could have ripple effects for their corporate clients and consumers, warned Brett Callow, managing director of the cybersecurity practice at FTI Consulting.
“Bad actors routinely try to take advantage of current events, so it’s not all surprising to see them attempting to take advantage of this one,” Callow said. “And this, of course, is something that customers of companies which have experienced high profile incidents need to be ready for.”
How the Indian Stock Market is Poised for Global Growth Free Market Trend Analysis ✌️【Fund Management】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Low-Risk Investment Plans 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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