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Thursday, July 31, 2025

Cybersecurity
Tanate Phutrakul to step down as CFO at 2026 AGM
Tanate Phutrakul to step down as CFO at 2026 AGM
By ING Group

Here is a concise summary of the news article: Tanate Phutrakul, the Chief Financial Officer (CFO) of ING, will step down from his position and as a member of the Executive Board in April 2026, after 24 years with the company. Phutrakul has been instrumental in guiding ING through a turbulent period and has played a pivotal role in making the bank financially sound. The search for his successor has begun, and an announcement will be made in due course. Karl Guha, Chairman of ING's Supervisory Board, and Steven van Rijswijk, CEO of ING, praised Phutrakul's professionalism, integrity, and contributions to the bank's success. Phutrakul expressed his gratitude to his colleagues and the bank, stating it has been a pleasure to serve as a board member and help shape the bank into what it is today.

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AI coding assistant GOES ROGUE, wipes database and fabricates fake users
AI coding assistant GOES ROGUE, wipes database and fabricates fake users

July 24, 2025 • By Ramon Tomey

The provided text is not a news article, but rather a disclaimer and terms of use statement for a website. It outlines the site's policies on content, free speech, and user agreement, and is not related to a specific news story.

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PayPal to create 100 jobs with AI fraud centre
PayPal to create 100 jobs with AI fraud centre

July 24, 2025 • By Conn Ó Midheach

Here is a concise summary of the news article: PayPal is creating 100 high-tech jobs in Dublin, Ireland, as it establishes a new artificial intelligence (AI) fraud and data science centre. The company, which already employs 1,500 people in Ireland, is hiring across AI engineering, data science, software development, risk modelling, and cybersecurity. The new jobs will be located at PayPal's headquarters in Dublin and will support areas such as loss prevention and customer experience enhancement. This move comes after the company shed almost 300 jobs in Ireland last year.

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High Growth Tech Stocks In Europe With Promising Potential
High Growth Tech Stocks In Europe With Promising Potential

July 24, 2025 • By Simply Wall St

Here is a concise summary of the news article: The European stock market remains relatively flat due to ongoing US and European trade talks. Despite this, high-growth tech stocks in Europe are leveraging technological innovation to capitalize on emerging market opportunities. Simply Wall St has identified several high-growth tech stocks, including Valneva SE, Yubico AB, and init innovation in traffic systems SE. These companies have shown significant revenue and earnings growth, with Valneva's vaccine sales reaching €48.6 million in Q1 2025 and Yubico's first-quarter sales rising to SEK 623.1 million. Init innovation in traffic systems SE has also raised its 2025 fiscal year guidance, projecting revenues to hit between €340 million and €370 million. These companies are navigating economic uncertainties and demonstrating robust financial health driven by innovative solutions.

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Autoswagger: Open-source tool to expose hidden API authorization flaws
Autoswagger: Open-source tool to expose hidden API authorization flaws

July 24, 2025 • By Help Net Security

Here is a concise summary of the news article: Autoswagger is a free, open-source tool that scans OpenAPI-documented APIs for broken authorization vulnerabilities. It detects API schemas, parses specifications, and generates a list of endpoints to test. The tool then executes targeted scans to identify flaws, analyzing responses for exposed sensitive data. Experts recommend not publicly documenting APIs unless necessary, as it increases the attack surface. Autoswagger is available on GitHub, helping organizations identify and address broken authorization vulnerabilities.

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Hackers Deploy Stealth Backdoor in WordPress Mu-Plugins to Maintain Admin Access
Hackers Deploy Stealth Backdoor in WordPress Mu-Plugins to Maintain Admin Access

July 24, 2025 • By info@thehackernews.com (The Hacker News)

Cybersecurity researchers have discovered a new stealthy backdoor in WordPress sites, concealed within the "mu-plugins" directory. This backdoor allows threat actors to gain persistent access and perform arbitrary actions. The malware is hidden in a PHP script called "wp-index.php" and fetches a remote payload from an obfuscated URL. It then executes the payload, giving the attacker full administrator access and allowing them to inject malicious code, steal data, or redirect site visitors. To mitigate this threat, site owners should update WordPress, themes, and plugins regularly, secure accounts with two-factor authentication, and audit the site regularly.

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Critical Analysis: Motorola Solutions (NYSE:MSI) and UTime (NASDAQ:WTO)
Critical Analysis: Motorola Solutions (NYSE:MSI) and UTime (NASDAQ:WTO)

July 24, 2025 • By MarketBeat News

Here is a concise summary of the news article: UTime (NASDAQ:WTO) and Motorola Solutions (NYSE:MSI) are compared as investment options. Motorola Solutions has higher revenue and earnings, and stronger institutional ownership (84.2% vs 1.1%). It also beats UTime on 9 out of 10 factors compared, including net margins, return on equity, and return on assets. UTime has a lower beta (0.47) indicating lower volatility, but its shares are mostly owned by insiders (54.6%). Motorola Solutions provides public safety and enterprise security solutions, while UTime designs and manufactures mobile phones and consumer electronics. Overall, Motorola Solutions appears to be the better investment option.

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Why outsourcing cybersecurity is rising in the Adriatic region
Why outsourcing cybersecurity is rising in the Adriatic region

July 24, 2025 • By Mirko Zorz

Aleksandar Stančin, Board Member at Exclusive Networks, discusses the state of cybersecurity in the Adriatic region. He notes that local markets often lag behind EU regulations, despite facing similar threats to other European countries. Organizations in the region tend to approach security issues reactively, but there is a shift towards a more proactive and systematic approach, particularly in the governmental and banking sectors. However, small and medium-sized enterprises (SMEs) struggle with limited budgets, skills, and understanding of security risks. Stančin highlights the trend of companies outsourcing security concerns to managed security service providers (MSSPs) and managed security operations centers (MSOCs), which is improving the region's security posture. He also notes the growing interest in automation, orchestration, and AI assistance in security. The main challenges in the region include the lack of skilled talent, limited budgets, and the complexity of regulatory requirements. To address these challenges, companies are investing in education and training, and sponsoring development to retain talent. Stančin emphasizes the importance of board conversations in securing budget and understanding of security risks, and notes that regulatory push is driving progress in the region. Overall, while there are challenges, the cybersecurity landscape in the Adriatic region is improving, with a growing focus on resilience, awareness, and public-private partnerships.

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Microsoft Breach Widens Sixfold In Days—NIH, South Africa's Treasury Among 400 Hit: Chinese State Hackers Reportedly To Blame
Microsoft Breach Widens Sixfold In Days—NIH, South Africa's Treasury Among 400 Hit: Chinese State Hackers Reportedly To Blame

July 24, 2025 • By benzinga.com

A serious flaw in Microsoft's SharePoint servers has affected over 400 organizations worldwide, including the US National Institutes of Health (NIH) and South Africa's Treasury. The number of victims has increased sixfold in a matter of days. Dutch cybersecurity firm Eye Security detected the early wave of attacks and reported the significant surge in victims. Chinese state hackers are reportedly to blame for the breach. The incident highlights the widespread impact of cyberattacks on global organizations.

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Most data breaches have unknown causes as transparency continues to fall
Most data breaches have unknown causes as transparency continues to fall

July 24, 2025 • By Help Net Security

The Identity Theft Resource Center (ITRC) reported 1,732 publicly disclosed data breaches in the first half of 2025, a 5% increase from the same period in 2024. Cyberattacks were the primary cause, with 1,348 incidents reported, resulting in 114,582,621 victim notices. The financial services and healthcare industries were the most targeted, with 387 and 283 compromises, respectively. The number of data breach notices without information about the root cause increased to 69%. Supply chain attacks and AI-powered phishing attacks are growing threats, with 79 supply chain breaches reported, affecting 690 entities and compromising 78,320,240 individuals. The ITRC also noted a rise in physical attacks, with 34 reported in the first half of 2025, exceeding the total for 2024.

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The EU should hold the door open to Chinese investment. But guard it closely
The EU should hold the door open to Chinese investment. But guard it closely

July 24, 2025 • By Arthur Leichthammer

The article discusses the EU's approach to Chinese foreign direct investment (FDI). It suggests that remaining open to Chinese FDI is strategically beneficial for the EU, but notes that unconditional openness can be a vulnerability.

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Microsoft says some SharePoint server hackers now use ransomware
Microsoft says some SharePoint server hackers now use ransomware

July 24, 2025 • By Reuters

Microsoft has revealed that hackers are exploiting a vulnerability in its SharePoint server software to deploy ransomware, escalating a cyber-espionage campaign linked to the group "Storm-2603". At least 400 victims are affected, including the US National Institutes of Health. The flaw, which was initially unpatched, is being exploited by attackers, possibly including Chinese state-backed hackers, despite Beijing's denial. The campaign has already hit a range of US agencies, with reports suggesting that the Department of Homeland Security and multiple other agencies have been breached. Microsoft and Google have both said that Chinese hackers are among those taking advantage of the flaw, but Beijing has denied the claim. The deployment of ransomware marks a potential escalation in the campaign, which could cause widespread disruption depending on where it lands.

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India's IT sector to see flat revenue growth of 0-2% in FY26: CareEdge Ratings
India's IT sector to see flat revenue growth of 0-2% in FY26: CareEdge Ratings

July 24, 2025 • By ANI

The Indian IT sector is expected to see flat revenue growth of 0-2% in the current financial year due to macroeconomic uncertainties and cost pressures. Despite challenges, IT companies are investing in areas like cloud transformation, data analytics, and AI to stay competitive. The sector has a strong long-term growth potential, but rising uncertainty in the US market, which accounts for a large portion of Indian IT firms' revenue, is a significant concern. The report suggests that the IT-software industry is re-aligning its offerings to cater to evolving client requirements and emerging technologies.

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Microsoft Hack Hits Hundreds of Firms, Agencies as Damage Spreads
Microsoft Hack Hits Hundreds of Firms, Agencies as Damage Spreads

July 24, 2025 • By list.metadata.agency

Here is a concise summary of the news article: A security vulnerability in Microsoft's SharePoint servers has been exploited by hackers, compromising around 400 government agencies, corporations, and other groups, according to Dutch cybersecurity firm Eye Security. The victims include the US National Nuclear Security Administration, the National Institutes of Health, and South Africa's National Treasury. Microsoft has blamed Chinese state-sponsored hackers for the attacks, which have been linked to groups known as Linen Typhoon and Violet Typhoon. The hacks have raised concerns about the potential theft of sensitive information, including nuclear secrets. The US and China are set to discuss the issue in upcoming trade talks. Microsoft has issued patches to fix the vulnerabilities, but researchers warn that hackers may have already gained access to many servers.

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Trump targets ‘woke AI’ in series of executive orders on artificial intelligence
Trump targets ‘woke AI’ in series of executive orders on artificial intelligence

July 24, 2025 • By Victor Nava

President Trump signed three executive orders related to artificial intelligence. One order targets "woke AI" models, requiring the federal government to only procure AI models that demonstrate "truthfulness and ideological neutrality." The order promotes the use of AI models that prioritize historical accuracy, scientific inquiry, and objectivity, and do not manipulate responses to favor ideological dogmas. Trump also signed orders to facilitate the buildout of data center infrastructure and to promote the export of American AI technology to US allies. The goal is to make the US a global leader in artificial intelligence and usher in a "Golden Age for American technological dominance."

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Fenix24 Grows Global Cybersecurity Business with Breach Recovery Guarantee
Fenix24 Grows Global Cybersecurity Business with Breach Recovery Guarantee

July 24, 2025 • By Matt Emma

Fenix24, a cybersecurity company, is changing the paradigm in the industry by focusing on "recovery over resistance." The company, recognized as the world's leading cyber breach recovery company, combines deep security knowledge with robust prevention and protection capabilities, as well as a recovery guarantee. Fenix24's approach involves rebuilding and re-engineering IT environments after a breach, rather than just cleaning up. The company's cyber warriors treat recovery like a combat mission, delivering rapid and repeatable results. Fenix24's founder, John Anthony Smith, emphasizes the importance of being prepared to respond to attacks, as no system of resistance is foolproof. The company's managed data backups guarantee recovery with no additional costs, an unmatched pledge in the industry. Fenix24's comprehensive cybersecurity offering, Securitas Summa, stitches everything together, providing long-term security. The company has expanded into 93 countries and plans further expansion in 2025, including acquisitions and business partnerships. Recent acquisitions, such as appNovi and vArmour, have complemented Fenix24's offerings, providing unparalleled visibility into application dependency mapping and asset tracking.

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Trump AI plan rips the brakes out of the car and gives Big Tech exactly what it wanted
Trump AI plan rips the brakes out of the car and gives Big Tech exactly what it wanted

July 24, 2025 • By Danny Bradbury

The White House has announced its AI Action Plan, which aims to deregulate AI development and data center construction in the US. The plan promises to remove "ideological bias" in AI models and promote the use of AI in the executive branch. It also calls for the creation of industry-specific regulatory sandboxes and testbeds for piloting AI systems. The plan has been criticized for its focus on deregulation and lack of consideration for social and ethical risks associated with AI. Experts have warned that the plan's emphasis on removing bias in AI models is overly simplistic and that the plan's approach to risk is myopic, focusing mainly on cybersecurity threats rather than broader social and ethical concerns. The plan also includes measures to promote the export of American AI models and to restrict access to AI technology for countries that are not considered allies. Overall, the plan has been seen as a gift to big tech companies, which are expected to benefit from the deregulatory approach.

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Sam Altman sends a chilling message on this cybersecurity practice
Sam Altman sends a chilling message on this cybersecurity practice

July 24, 2025 • By thestreet.com

OpenAI CEO Sam Altman has expressed concerns about cybersecurity practices. With the highly anticipated release of ChatGPT 5, Altman faces immense pressure. The new version is expected to combine previous models with new features. Altman's message highlights the importance of cybersecurity, implying that it is a crucial aspect of the upcoming release.

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PayPal to add 100 high-tech jobs in Dublin with AI fraud and data science centre
PayPal to add 100 high-tech jobs in Dublin with AI fraud and data science centre

July 24, 2025 • By Ciara O'Brien

PayPal is creating 100 high-tech jobs in Ireland for its new artificial intelligence (AI) fraud and data science centre. The jobs will be located in Dublin and will support areas such as loss prevention and customer experiences. This expansion is supported by IDA Ireland and reflects PayPal's confidence in the local ecosystem. The company already employs 1,500 people in Ireland and is hiring for roles in AI engineering, data science, software development, risk modelling, and cybersecurity. The new jobs will help offset previous layoffs, but the company's workforce remains below pre-2023 levels.

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PayPal to create 100 jobs at new AI and fraud centre
PayPal to create 100 jobs at new AI and fraud centre

July 24, 2025 • By Brian O'Donovan

PayPal is creating 100 data science roles at its Dublin office as part of a new AI and fraud data science centre. The expansion will support areas like loss prevention and customer experience, with roles in AI engineering, data science, and cybersecurity. The move is backed by the Irish government through IDA Ireland, with Minister Peter Burke commending PayPal's partnership. This development comes after PayPal cut 290 jobs in Ireland last year, including 62 redundancies in March 2023. Despite this, IDA Ireland CEO Michael Lohan welcomes the new investment, citing Ireland's appeal for high-value investments.

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