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Preinstalled mobile malware steals money in emerging markets

TechBeacon

Smartphone users in emerging markets are being ripped off by suspiciously cheap handsets. Phones branded “ Tecno ” —made by Shenzhen Transsion Holdings—appear to be preinstalled with malware.

Malware 145
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Dulling the impact of AI-fueled cyber threats with AI

CIO

It can also create cyber threats that are harder to detect than before, such as AI-powered malware, which can learn from and circumvent an organization’s defenses at breakneck speed. Data privacy in the age of AI is yet another cybersecurity concern.

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Socket lands $4.6M to audit and catch malicious open source code

TechCrunch

But projects get abandoned and picked up by others who plant backdoors or malware, or, as seen recently since Russia’s invasion of Ukraine, a rise in “protestware,” in which open source software developers alter their code to wipe the contents of Russian computers in protest of the Kremlin’s incursion.

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Dragos raises $110M Series C as demand to secure industrial systems soars

TechCrunch

This latest round of funding will help the company with its go-to-market efforts, as well as growing its customer support team with 30 staff and building up its sales and marketing team. Lee said the company’s priority had been to work on its threat platform, and less selling it.

Industry 305
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Backed by Sequoia Southeast Asia, SquareX protects web users with disposable browsers

TechCrunch

The Singapore-based cybersecurity startup announced today it has raised $6 million in seed funding from Sequoia Capital Southeast Asia, which it will use on R&D engineering and its go-to-market plans. Ramachandran said SquareX is intended as a alternative to VPN, anti-virus, anti-malware and other endpoint security solutions.

Malware 250
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Zero-day black market shifting from selling vulnerabilities to access

The Parallax

The entire black-market ecosystem of buyers, sellers, and deal brokers conducts its business through a series of deals and digital handshakes that most people would consider ethically dubious, says Roman Sannikov, director of cybercrime and underground intelligence at cybersecurity research company Recorded Future. What’s in a bug bounty?

Marketing 130
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Hidden inside Dark Caracal’s espionage apps: Old tech

The Parallax

Its success was predicated not on “zero-day” vulnerabilities or new forms of malicious software, but rather on older, known malware delivered via an all-too-familiar method: phishing. The malware included hacked versions of end-to-end encrypted communication apps Signal and WhatsApp.

Malware 170