Artificial Intelligence
FortiGuard Labs Predicts the Convergence of Advanced Persistent Threat Methods with Cybercrime
SUNNYVALE, Calif., Nov. 07, 2022 (GLOBE NEWSWIRE) —
Derek Manky, Chief Security Strategist & VP Global Threat Intelligence, FortiGuard Labs
“As cybercrime converges with advanced persistent threat methods, cybercriminals are finding ways to weaponize new technologies at scale to enable more disruption and destruction. They are not just targeting the traditional attack surface but also beneath it, meaning both outside and inside traditional network environments. At the same time, they are spending more time on reconnaissance to attempt to evade detection, intelligence, and controls. All of this means cyber risk continues to escalate, and that CISOs need to be just as nimble and methodical as the adversary. Organizations will be better positioned to protect against these attacks with a cybersecurity platform integrated across networks, endpoints, and clouds to enable automated and actionable threat intelligence, coupled with advanced behavioral-based detection and response capabilities.”
News Summary
Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today unveiled predictions from the FortiGuard Labs global threat intelligence and research team about the cyberthreat landscape for the next 12 months and beyond. From quickly evolving Cybercrime-as-a-Service (CaaS)-fueled attacks to new exploits on nontraditional targets like edge devices or online worlds, the volume, variety, and scale of cyberthreats will keep security teams on high alert in 2023 and beyond. Highlights of the predictions can be found below, but for a more detailed view of the predictions and key takeaways for CISOs, read our blog.
1) Success of RaaS is a Preview of What Is to Come with CaaS
Given cybercriminal success with Ransomware-as-a-Service (RaaS), a growing number of additional attack vectors will be made available as a service through the dark web to fuel a significant expansion of Cybercrime-as-a-Service. Beyond the sale of ransomware and other Malware-as-a-Service offerings, new a la carte services will emerge. CaaS presents an attractive business model for threat actors. With varying skill levels they can easily take advantage of turnkey offerings without investing the time and resources up front to craft their own unique attack plan. And for seasoned cybercriminals, creating and selling attack portfolios as-a-service offers a simple, quick, and repeatable payday. Going forward, subscription-based CaaS offerings could potentially provide additional revenue streams. In addition, threat actors will also begin to leverage emerging attack vectors such as deepfakes, offering these videos and audio recordings and related algorithms more broadly for purchase.
One of the most important methods to defend against these developments is cybersecurity awareness education and training. While many organizations offer basic security training programs for employees, organizations should consider adding new modules that provide education on spotting evolving methods such as AI-enabled threats.
2) Reconnaissance-as-a-Service Models Could Make Attacks More Effective
Another aspect of how the organized nature of cybercrime will enable more effective attack strategies involves the future of reconnaissance. As attacks become more targeted, threat actors will likely hire “detectives” on the dark web to gather intelligence on a particular target before launching an attack. Like the insights one might gain from hiring a private investigator, Reconnaissance-as-a-Service offerings may serve up attack blueprints to include an organization’s security schema, key cybersecurity personnel, the number of servers they have, known external vulnerabilities, and even compromised credentials for sale, or more, to help a cybercriminal carry out a highly targeted and effective attack. Attacks fueled by CaaS models means stopping adversaries earlier during reconnaissance will be important.
Luring cybercriminals with deception technology will be a helpful way to not only counter RaaS but also CaaS at the reconnaissance phase. Cybersecurity deception coupled with a digital risk protection (DRP) service can help organizations know the enemy and gain advantage.
3) Money Laundering Gets a Boost from Automation to Create LaaS
To grow cybercriminal organizations, leaders and affiliate programs employ money mules who are knowingly or unknowingly used to help launder money. The money shuffling is typically done through anonymous wire transfer services or through crypto exchanges to avoid detection. Setting up money mule recruitment campaigns has historically been a time-consuming process, as cybercrime leaders go to great lengths to create websites for fake organizations and subsequent job listings to make their businesses seem legitimate. Cybercriminals will soon start using machine learning (ML) for recruitment targeting, helping them to better identify potential mules while reducing the time it takes to find these recruits. Manual mule campaigns will be replaced with automated services that move money through layers of crypto exchanges, making the process faster and more challenging to trace. Money Laundering-as-a-Service (LaaS) could quickly become mainstream as part of the growing CaaS portfolio. And for the organizations or individuals that fall victim to this type of cybercrime, the move to automation means that money laundering will be harder to trace, decreasing the chances of recovering stolen funds.
Looking outside an organization for clues about future attack methods will be more important than ever, to help prepare before attacks take place. DRP services are critical for external threat surface assessments, to find and remediate security issues, and to help gain contextual insights on current and imminent threats before an attack takes place.
4) Virtual Cities and Online Worlds Are New Attack Surfaces to Fuel Cybercrime
The metaverse is giving rise to new, fully immersive experiences in the online world, and virtual cities are some of the first to foray into this new version of the internet driven by augmented reality technologies. Retailers are even launching digital goods available for purchase in these virtual worlds. While these new online destinations open a world of possibilities, they also open the door to an unprecedented increase in cybercrime in unchartered territory. For example, an individual’s avatar is essentially a gateway to personally identifiable information (PII), making them prime targets for attackers. Because individuals can purchase goods and services in virtual cities, digital wallets, crypto exchanges, NFTs, and any currencies used to transact offer threat actors yet another emerging attack surface. Biometric hacking could also become a real possibility because of the AR and VR-driven components of virtual cities, making it easier for a cybercriminal to steal fingerprint mapping, facial recognition data, or retina scans and then use them for malicious purposes. In addition, the applications, protocols, and transactions within these environments are all also possible targets for adversaries.
Regardless of work-from-anywhere, learning-from-anywhere, or immersive experiences-from-anywhere, real-time visibility, protection, and mitigation is essential with advanced endpoint detection and response (EDR) to enable real-time analysis, protection, and remediation.
5) Commoditization of Wiper Malware Will Enable More Destructive Attacks
Wiper malware has made a dramatic comeback in 2022, with attackers introducing new variants of this decade-old attack method. According to the 1H 2022 FortiGuard Labs Global Threat Landscape report, there was an increase in disk-wiping malware in conjunction with the war in Ukraine, but it was also detected in 24 additional countries, not just in Europe. Its growth in prevalence is alarming because this could be just the start of something more destructive. Beyond the existing reality of threat actors combining a computer worm with wiper malware, and even ransomware for maximum impact, the concern going forward is the commoditization of wiper malware for cybercriminals. Malware that may have been developed and deployed by nation-state actors could be picked up and re-used by criminal groups and used throughout the CaaS model. Given its broader availability combined with the right exploit, wiper malware could cause massive destruction in a short period of time given the organized nature of cybercrime today. This makes time to detection and the speed at which security teams can remediate paramount.
Using AI-powered inline sandboxing is a good starting point to protect against sophisticated ransomware and wiper malware threats. It allows real-time protection against evolving attacks because it can ensure only benign files will be delivered to endpoints if integrated with a cybersecurity platform.
What These Attack Trends Mean for Cybersecurity Professionals
The world of cybercrime and the attack methods of cyber adversaries in general continue to scale at great speed. The good news is that many of the tactics they are using to execute these attacks are familiar, which better positions security teams to protect against them. Security solutions should be enhanced with machine learning (ML) and artificial intelligence (AI) so they can detect attack patterns and stop threats in real time. However, a collection of point security solutions is not effective in today’s landscape. A broad, integrated, and automated cybersecurity mesh platform is essential for reducing complexity and increasing security resiliency. It can enable tighter integration, improved visibility, and more rapid, coordinated, and effective response to threats across the network.
Additional Resources
About FortiGuard Labs
FortiGuard Labs is the threat intelligence and research organization at Fortinet. Its mission is to provide Fortinet customers with the industry’s best threat intelligence designed to protect them from malicious activity and sophisticated cyberattacks. It is composed of some of the industry’s most knowledgeable threat hunters, researchers, analysts, engineers, and data scientists in the industry, working in dedicated threat research labs all around the world. FortiGuard Labs continuously monitors the worldwide attack surface using millions of network sensors and hundreds of intelligence-sharing partners. It analyzes and processes this information using AI and other innovative technology to mine that data for new threats. These efforts result in timely, actionable threat intelligence in the form of Fortinet security product updates, proactive threat research to help our customers better understand the threats and actors they face, and threat intelligence to help our customers better understand and defend their threat landscape. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.
About Fortinet
Fortinet (NASDAQ: FTNT) makes possible a digital world that we can always trust through its mission to protect people, devices, and data everywhere. This is why the world’s largest enterprises, service providers, and government organizations choose Fortinet to securely accelerate their digital journey. The Fortinet Security Fabric platform delivers broad, integrated, and automated protections across the entire digital attack surface, securing critical devices, data, applications, and connections from the data center to the cloud to the home office. Ranking #1 in the most security appliances shipped worldwide, more than 615,000 customers trust Fortinet to protect their businesses. And the Fortinet NSE Training Institute, an initiative of Fortinet’s Training Advancement Agenda (TAA), provides one of the largest and broadest training programs in the industry to make cyber training and new career opportunities available to everyone. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.
FTNT-O
Copyright © 2022 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.
Artificial Intelligence
GITEX GLOBAL and Expand North Star set to accelerate world’s AI economy with market projected to reach $2.7 trillion by 2032
• Event billed as a catalyst for redefining the world’s digital economy and AI ecosystem under this year’s ‘Global Collaboration to Forge a Future AI Economy’ theme
DUBAI, UAE, Oct. 12, 2024 /PRNewswire/ — GITEX GLOBAL, the world’s largest tech and startup event, takes centre stage in the UAE next week with this year’s 44th edition destined to redefine the world’s digital economy and AI ecosystem.
Held at Dubai World Trade Centre (DWTC) from 14-18 October, the incomparable international showpiece will be more influential than ever this time around – presenting an expanded events programme that transforms the UAE into an AI universe epicentre.
Under the theme “Global Collaboration to Forge a Future AI Economy”, GITEX GLOBAL 2024 welcomes the world’s largest technology enterprises alongside governments, investors, experts, startups, academia, and researchers.
Expand North Star, the world’s largest startup and investment show, runs concurrently at Dubai Harbour from 13-16 October – hosted by Dubai Chamber of Digital Economy and organised by DWTC.
With over 6,500 exhibiting companies, 1,800 startups, and 1,200 investors from more than 180 countries participating across 38 halls of innovation and business opportunities, these blockbuster events will see the UAE “strategically propel the next generation of AI-driven technologies”.
Trixie LohMirmand, Executive Vice President of DWTC, the organiser of GITEX GLOBAL and Expand North Star, said: “At GITEX GLOBAL in Dubai, we shall close the year with significant manoeuvres from our tech community by doubling down on global collaborations and intensive engagements amongst all involved. Through these efforts, we shall forge competitive advantages in the race towards regional and international digital supremacy.
“With international participation in GITEX GLOBAL 2024 rocketing by almost 40 per cent, it’s a barometer of the unstoppable ambitions of many young rising digital nations who are now confidently forging their ways into the future global AI economy through GITEX. As the world’s most global tech event brand with events in Germany, Singapore, Morocco, and Nigeria alongside Expand North Star, we are committed to strategically propelling the next generation of AI-driven technologies via startups, scale-ups and unicorns.”
A global agenda for tomorrow’s AI economy
According to Fortune Business Insights, the global AI market is projected to reach $621 billion in 2024 and soar to $2.7 trillion by 2032. Given its influence and impact now and in the future, the technology takes centre stage at GITEX GLOBAL 2024 with over 3,500 enterprises presenting the latest breakthrough innovations in AI, IoT, data, and the cloud.
Amongst them is TECOM Group PJSC, which celebrates its 25th successive year at GITEX GLOBAL next week. Ahead of the event, Ammar Al Malik, Executive Vice President of Commercial at TECOM Group PJSC and Managing Director of Dubai Internet City, said: “Dubai’s pro-innovation frameworks are the bedrock of tech advancements that serve a greater purpose. GITEX GLOBAL is a springboard to unlock this potential, and as the region’s leading tech hub, Dubai Internet City has been a proud partner for decades in its mission towards a brighter future. Our community is pleased to connect innovators from more than 3,500 companies across fields like artificial intelligence (AI), Web3, digital transformation, and beyond to realise this vision.”
Abu Dhabi’s most influential companies and organisations, including the Advanced Technology Research Council (ATRC) and G42 Group with its leading enterprises Presight and Khazna, will reinforce the Emirate’s position as an emerging global AI nexus. Other tech giants participating are Adobe, Alibaba Cloud, AWS, Builder Ai, Dell, Google, Honeywell, Huawei, IBM, Lenovo, Microsoft, Nvidia, Oracle, Salesforce, SAS, solutions by STC, and Tech Destination Pakistan.
Presenting the year’s largest AI event, GITEX GLOBAL will deliver 120-plus hours of AI and deep tech-focused content across various topics, facilitating discussions on the implications of AI in Future Health, Digital Finance, and EdTech. Following the wildfire pace of AI adoption and the unprecedented growth in data storage demand, the event is also launching the region’s largest Data Centre Symposium in 2024, featuring the industry leaders Datalec, Kerno, Khazna, Legrand, NTT Data, Schneider Electric, Vertiv, among many others.
The programme will build anticipation ahead of the all-new AI Everything Global 2025. This event – taking place in Abu Dhabi (4 February) and Dubai (5-6 February) will gather some of the world’s most visionary AI tech companies to construct an innovative, fair, and responsible AI industry of the future.
Fast-tracking the next generation of startups
The world’s largest startup and investment event, Expand North Star will foster the next frontier of tech and innovation. In another record-breaking edition, the event will connect the most innovative global founders with new markets, enterprise customers, and an influential pool of investors and venture capitalists with over $1.2 trillion in Assets Under Management (AUM). These include SOSV, Bessemer Ventures, Lightrock, Sinovation Ventures, and the European Innovation Fund.
Additionally, Expand North Star will seek to redefine the future of money, blockchain, and creativity through leading co-located events GITEX Impact, Fintech Surge, Future Blockchain Summit, and Marketing Mania. Accelerating the next generation of scaleups, the world’s largest start-up pitch competition, Supernova Challenge 2.0, also graces GITEX GLOBAL with the winners claiming a share of the $200,000 prize pool.
Historic international involvement
GITEX GLOBAL 2024 will welcome the highest international attendance in its history, welcoming over 400 government and digital development agencies from around the world. Alongside GITEX GLOBAL regulars, the new nations debuting this year will showcase their latest groundbreaking tech innovations.
Next week marks the largest European participation at GITEX GLOBAL with over 35 European countries exhibiting alongside 1,000-plus SMEs and 450-plus startups from debuting countries, including Austria, Bosnia and Herzegovina, Ireland, Latvia, Lithuania, Portugal, Serbia, and Slovenia.
Many rising digital nations from Latin America are also behind the record-breaking international involvement, as are those from Central and Southeast Asia. Joining long-time GITEX GLOBAL participants such as China, Japan, South Korea, and India are several debutants – Singapore, Malaysia, Kazakhstan, and Kyrgyzstan amongst them.
While promoting international business development, entrepreneurship, and investment engagements to benefit enterprises, organisations, and SMEs alike, GITEX GLOBAL welcomes the European Innovation Council for the first time, Europe’s biggest deep-tech investor.
It will also see significant collaborations with global organisations from all continents, such as the European Innovation Council, Tech Destination Pakistan, IE University, University College London (UCL), Johns Hopkins University, the Massachusetts Institute of Technology (MIT), and key corporate ventures from leading tech enterprises such as Sony, Honda, Standard Chartered, QIC, and many more.
An action-packed agenda
Throughout its six-day duration, GITEX GLOBAL will become a microcosm of the world, launching industry-defining programmes such as GITEX Editions, an exclusive platform for late-stage advanced tech companies and a premier hub for unicorns, soonicorns and rhinos. In 2024, the event will connect 59 top global unicorns, such as Axelera, DeepL, Insilico Medicine, and Synthesis AI.
The World Future Economy Digital Leaders Summit is another must-attend show with global innovators and influential leaders set to address critical priorities shaping the future of technology. Additionally, GITEX Cyber Valley is this year’s most anticipated cybersecurity showcase – hosted by the UAE Cyber Security Council. With specialists forecasting that damage costs could reach $10.5 trillion annually by 2025, the show will present a power-packed conference agenda as the world’s most influential CISOs, CIOs, and GRC leaders to discuss the risks of global cybercrime.
Leo Chen, Corporate Senior Vice President & President of Enterprise Sales at Huawei, which will be present with a flagship stand at the event, commented on the possibilities unlocked at the event for the industry: “GITEX GLOBAL offers a unique platform for us to engage in meaningful dialogues with industry peers about the trends and perspectives on industrial intelligence. We look forward to sharing our insights and learning from others to explore the endless possibilities of industrial digital and intelligent transformation.”
For more information on GITEX GLOBAL 2024 and to secure your passes, please visit www.gitex.com.
Follow GITEX Global on social media: Facebook |Instagram |X |LinkedIn |Youtube
Hashtag: #GITEXGLOBAL
About GITEX GLOBAL
GITEX GLOBAL, the world’s largest tech event, is returning for its 44th edition at Dubai World Trade Centre from 14-18 October 2024. The 2024 edition will feature 6,500 exhibitors, and welcome 200,000 tech executives from 180 countries, converging the best minds, future-focused government leaders, and the most visionary enterprises and start-ups to scrutinise, challenge, define, and empower the digital agendas of the world. Independently rated globally as the world’s best tech show, GITEX GLOBAL’s continued expansion is amplified by the launch of GITEX EUROPE Berlin, GITEX ASIA Singapore, and GITEX NIGERIA in 2025, as well as the growth of GITEX AFRICA Morocco leading up to its third record-breaking edition. More information: www.gitex.com
About Dubai World Trade Centre
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region’s leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region’s growth story. Since its inauguration, DWTC has hosted over 6,000 events, with an estimated economic output of AED 248 billion, attracting over 38 million business visitors to Dubai.
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BERLIN, Oct. 12, 2024 /PRNewswire/ — The 14th InnoTrans took place in Berlin, Germany from September 24 to 27. The theme of the event is “The future of mobility”. At this trade fair, with a focus on digital and intelligent transformation trends in rail transportation, Huawei showcased innovative applications of FRMCS(Future Railway Mobile Communication System), AI, cloud computing, IoT, and other cutting-edge technologies in the rail industry.
Railway, as a complex and huge system that always puts safety first, needs a unified digital and intelligent foundation alongside an industry ecosystem that consists of partners specializing in diverse domains to go digital and intelligent.
Jacky Wang, Vice President of Smart Transportation BU, Huawei, said that the global rail transportation industry is striding toward an era of broadband, cloud, and intelligence. “Aligning with this trend, Huawei has launched a One Cloud, One Network, Multi-Hub Solution to help the railway industry address challenges in network bandwidth, information system integration, and digital and intelligent transformation.”
Leveraging large models, AI, big data, and intelligent algorithms, this solution promotes intelligent upgrades across a wide range of professional domains, including train operation, locomotive, rolling stock. The goal is to help customers build safe, efficient, and green integrated transportation hubs, improving overall railway transportation quality and efficiency.
Jacky Wang emphasized that the reliable FRMCS features high bandwidth, wide coverage, and low latency, and is crucial for implementing broadband across rail transportation. He went on to explain that migrating services to the cloud is becoming increasingly popular as it allows for centralized use of IT resources and unified O&M, which can reduce investment costs.
“Big data and AI technologies tailored to specific scenarios will enhance the value of data, bolster service security, and increase efficiency in production management,” said Jacky Wang.
Currently, the solution has been deployed in various service scenarios like intelligent freight train inspection, intelligent scheduling in EMU depots, and smart railway perimeter detection, resulting in substantial benefits. Huawei’s scenario-specific solutions and partners are going global, too. They are continuously addressing the challenges faced by railway customers and generating value for the industry.
Up to now, Huawei has served more than 300 urban rail lines across 70 cities and more than 180,000 km of railways worldwide.
View original content:https://www.prnewswire.co.uk/news-releases/huawei-showcases-intelligent-technologies-at-innotrans-2024-302274504.html
STOCKHOLM, Oct. 11, 2024 /PRNewswire/ — The following representatives of ASSA ABLOY AB’s shareholders will be members of the Nomination Committee for the 2025 Annual General Meeting:
– Johan Menckel, Investment AB Latour, Chairman of the Nomination Committee
– Mikael Ekdahl, Melker Schörling AB
– Marianne Nilsson, Swedbank Robur Fonder
– Yvonne Sörberg, Handelsbanken Fonder
– Carina Silberg, Alecta
The Chairman of the Board, Johan Hjertonsson, has been co-opted to the Nomination Committee.
The Nomination Committee shall prepare proposals for the Annual General Meeting in 2025 regarding the election of Chairman of the General Meeting, members of the Board of Directors, Chairman of the Board, Vice Chairman of the Board, auditor, fees for the members of the Board including division between the Chairman, the Vice Chairman and the other Board members as well as fees for committee work, fees to the company’s auditor and, if necessary, changes to the instructions for the Nomination Committee.
The Annual General Meeting will be held on 23 April 2025, in Stockholm, Sweden.
Shareholders who wish to submit proposals to the Nomination Committee should send an email to [email protected].
For more information, please contact:Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/assa-abloy/r/nomination-committee-for-the-assa-abloy-2025-annual-general-meeting,c4050379
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