Weekly Unfoldings: March 24-29, 2024

4 min read
Weekly Unfoldings: March 24-29, 2024

Stay informed with our weekly roundup of top 10 key happenings in tech, cyber and geopolitics. Discover the most significant developments, trends and breakthroughs shaping the industry, all in one concise update. The card image tiles are designed for easy recognition of the category to which the news belongs.

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Rs 3 Crore Ransom Threat: Hackers Target Mumbai Insurance Firm

A Mumbai-based insurance company faced a cyber extortion attempt demanding Rs 3 crore (4.2 Bitcoin). The anonymous email threatened to leak sensitive data if unpaid. Police registered a case under cybercrime laws, suspecting insider involvement. Investigators are tracing the sender using digital forensics. Authorities remain vigilant as efforts to prevent data exposure continue.

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SnakeKeylogger: Stealthy Malware Targets Credentials in Sophisticated Attacks

A Seqrite Labs report reveals a SnakeKeylogger malware campaign using .img attachments in phishing emails. It deploys a multi-stage infection chain, decrypting payloads in memory and injecting them via process hollowing. Targeting browsers, email clients, and FTP apps, the malware is part of a Malware-as-a-Service operation, constantly evolving to evade detection.

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NHS software provider fined £3m over data breach after ransomware attack

The ICO fined NHS software provider Advanced Computer Software Group £3m for security lapses that led to a 2022 ransomware attack, exposing 79,404 patient records. Hackers exploited an unprotected account, disrupting NHS 111 and patient check-ins. The fine, initially £6m, was reduced due to the firm cooperation with authorities post-breach.

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Viral Studio Ghibli-style AI images showcase power – and copyright concerns – of ChatGPT update

OpenAI GPT-4o update sparked a viral trend mimicking Studio Ghibli animation style, raising copyright concerns. Users generated AI versions of memes and pop culture scenes, despite Ghibli co-founder Hayao Miyazaki past criticism of AI art. The trend fueled debate on AI role in creative industries, with OpenAI CEO Sam Altman joking about its unexpected popularity.

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BougeRV telescopic lantern is ridiculously versatile

BougeRV Outdoor Telescopic Camping Lantern delivers 3000 lumens of versatile lighting with three adjustable LED panels. Powered by a 57.7Wh battery, it lasts up to 60 hours on low and recharges via USB-C. At $109.99, it compact yet sturdy, with an adjustable height of over five feet. Though lacking a magnetic base, its adaptability and brightness impress.

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Netmore and Zenze LoRaWAN networks for cargo tracking at ports and terminals

Netmore Group and Zenze are partnering to enhance supply chain tracking with LoRaWAN networks in ports, terminals, and warehouses. LoRaWAN enables long-range, low-power IoT connectivity for cargo monitoring. Their initiative, integrated with the Cargo Visibility Network, aims to improve logistics efficiency and reduce costs by providing real-time tracking and analytics for global supply chain operations.

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Nokia boosts Industry 4.0 with new MX Industrial Edge applications

Nokia expands its Industry 4.0 ecosystem with six new MX Industrial Edge (MXIE) applications, enhancing automation, AI-driven quality inspection, video analytics, workplace safety, and cybersecurity. The new tools improve real-time data access, operational efficiency, and security in asset-intensive industries like ports, mining, and manufacturing, reinforcing Nokia commitment to digital transformation and industrial edge innovation.

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Russia Shadow Fleet: A Masterclass in Sanctions Evasion

Russia shadow fleet, a clandestine network of oil tankers, has enabled Moscow to bypass Western sanctions, generating $9.4 billion in 2024 alone. The fleet, using deceptive tactics like flag-hopping and ship-to-ship transfers, moves 70% of Russia seaborne oil. Its activities also pose environmental and security risks, prompting NATO Baltic Sentry operation to counter potential espionage and sabotage.

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Kra Canal: The Impossible Dream of Southeast Asia Shipping

The Kra Canal, a proposed alternative shipping route between the Andaman Sea and the Gulf of Thailand, has long been debated for its potential to reshape regional trade and geopolitics. While China has shown interest in its construction under the Belt and Road Initiative, Thailand has opted for a $28 billion land bridge project instead, citing economic, environmental, and security concerns.

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