Archive for April 10, 2025

The Biggest Corporate Scams of the Last 25 Years

Posted in Commentary with tags on April 10, 2025 by itnerd

The research team at vpnMentor, explored the most notorious corporate scams of the last 25 years, which includes names like Lehman Brothers, FTX, Boeing, PayPal, Google AdSense, and examine who fell, who endured, and who managed to profit despite their wrongdoing.

Key findings at a glance:

  • Over a quarter (29.3%) of the companies involved in big corporate scandals belong to the Finance and Banking sector.
  • The majority of the analyzed companies (70.7%) faced some reputational and financial damage but continued operations after the scandal.
  • 85% of the publicly traded companies that continued operations had their lowest stock price as a direct result of the scandal coming to light.
  • PayPal, Google, and JPMorgan Chase seemingly faced no significant repercussions for their unethical actions, continuing to make large profits when the scandals broke out.

Ultimately, these scandals serve as reminders of the importance of transparency, accountability, and ethical leadership in business. They underscore that while some may profit in the short term, the long-term costs of dishonesty often outweigh any gains.

You can access this report here: https://www.vpnmentor.com/blog/biggest-company-scams-research/

The New Galaxy Tab S10 FE Is Here Starting at $699.99

Posted in Commentary with tags on April 10, 2025 by itnerd

Galaxy Tab S10 FE Series tablets are officially available in stores across Canada as of today! 

Built for creativity, multitasking, and on-the-go productivity, the Galaxy Tab S10 FE and S10 FE+ bring Galaxy AI tools like Circle to Search and Handwriting Assist, large immersive displays, and fan-favourite apps like Goodnotes and LumaFusion — all in a sleek, powerful package. 

You can find them at Samsung Experience Stores and major retailers like Best Buy, Walmart, Costco, Staples, and Amazon. The 5G version is also available at Rogers and Best Buy. 

Qilin says it hacked a Nebraska natural resources authority

Posted in Commentary with tags on April 10, 2025 by itnerd

Ransomware gang Qilin today claimed responsibility for a November 2024 cyber-attack against North Platte Natural Resources District in Nebraska. Although it didn’t disclose what data was compromised, it does recommend victims take precautions to protect their identities and SSNs from abuse. 

In a blog post reporting this news, Paul Bischoff, Consumer Privacy Advocate at Comparitech, wrote: 

“Qilin is a ransomware group that began claiming responsibility for attacks in late 2022. Also known as Agenda, Qilin is a Russia-based hacking group that mainly targets victims through phishing emails to spread its ransomware. It launched in August 2022 and runs a ransomware-as-a-service business in which affiliates pay to use Qilin’s malware to launch attacks and collect ransoms.”

“Qilin has claimed responsibility for 58 confirmed ransomware attacks since it began, 12 of which were against government entities. They include attacks on the city of West Haven, CT; the Palau Ministry of Health and Human Services; the Cleveland, OH Municipal Court; and the town of Bedford, MA.”

“In 2025 so far, Qilin has claimed 12 confirmed ransomware attacks, plus another 128 unconfirmed claims that haven’t been acknowledged by the targeted organizations. Comparitech logged 92 confirmed ransomware attacks against US government entities in 2024, and 14 in 2025.”

“Ransomware attacks on US government agencies and departments can both steal data and lock down computer systems. The attacker then demands a ransom to delete the stolen data and in exchange for a key to recover infected systems. If the target doesn’t pay, it could take weeks or even months to restore systems, and people whose data was stolen are put at greater risk of fraud. Ransomware can disrupt everything from communications to billing, payroll, and online services.”

Additionally, the researchers at Comparitech today released a report looking at all the confirmed and unconfirmed ransomware attacks of Q1 2025. I covered that in this story.

The Number Of Lawsuits That Apple Is Dealing With Over The Apple Intelligence Debacle Is Now Up To Three

Posted in Commentary with tags on April 10, 2025 by itnerd

Apple’s problems related to their shambolic Apple Intelligence rollout seems to be increasing. First there was this lawsuit in the US. Which was followed by this one in Canada. And now a new lawsuit filed in California that says this:

This action arises from Apple’s materially false and misleading statements relating to Apple’s artificial intelligence (“AI”) suite of features, branded as “Apple Intelligence”—in particular, promised AI enhancements to Siri, Apple’s software-based virtual assistant. The Siri AI makeover was the centerpiece of the promised Apple Intelligence platform and was touted by the Company in advertisements and other public statements in an effort to increase sales of the iPhone 16 and spur iPhone upgrades. Those promises were false and nearly a year after they were made, Siri’s touted “In-App” and “On-Screen” AI functions still do not exist.

This really smells like BatteryGate where Apple’s problems went from bad to worse until Apple was not only forced to make substantial changes to their software, but also they had to pay a lot of money to settle the multitude of lawsuits that were filed around the planet. My sense is this situation is heading in that same direction. Eventually. There’s been no comment from Apple as of yet. But you get the feeling that they will have to address this at some point.

Yikes! Critical FortiSwitch flaw lets hackers change admin passwords remotely

Posted in Commentary with tags on April 10, 2025 by itnerd

Fortinet FortiSwitch owners should be patching their gear ASAP as the company has released security patches for a critical vulnerability in FortiSwitch devices that can be exploited to change administrator passwords remotely.

You can find out more details here: PSIRT | FortiGuard Labs

Martin Jartelius, CISO at Outpost24 had this to say:

“There are a few rules of thumb. DO NOT expose administrative interfaces against the internet if you can avoid this. While this flaw allows a password change, for those who expose their devices against untrusted networks, the quality of passwords is also important, because already today there is the risk of attacks against weak password.”

“We help companies fight both those issues, password quality is the most user-centric, and EASM allows organizations to find those devices and fix the exposure – because exposure it risk, and vulnerability or not – if the attackers cannot reach the device you have substantially less of a stressful morning fixing this issue. Also praise to Fortinet who found, fixed, and disclosed the issue openly.”

This is one of these situations where you should drop what you are doing and patch everything ASAP. I say that because there are a lot of these devices online. Which means every single one is a target for threat actors.

Arcitecta Wins 2025 NAB Show Product of the Year Award

Posted in Commentary with tags on April 10, 2025 by itnerd

Arcitecta, a creative and innovative data management software company, today announced that its Mediaflux® Real-Time is an Asset Management and Playout winner in the 2025 NAB Show Product of the Year Awards. This official awards program recognizes some of the most significant and promising new products and technologies showcased by exhibitors at the NAB Show.

Ideal for live sports, broadcast, hybrid production environments and more, Arcitecta’s Mediaflux Real-Time provides unparalleled production workflow speed, flexibility and efficiency gains. It supports real-time editing, removes workflow bottlenecks and enhances remote collaboration, enabling faster content delivery and seamless media management.

By eliminating bottlenecks and delays, Mediaflux Real-Time empowers teams to work faster and smarter, delivering powerful capabilities:

  • Edit anywhere: No longer tethered to event locations, editors can access growing files from any site, enabling real-time collaboration across multiple locations.
  • Fast turnaround: Remote editors can create highlight reels or edit live footage almost instantly, dramatically cutting post-production time.
  • Smoother workflows: Content can be played back in real-time across sites and be reviewed as it is rendered, ensuring faster workflows and higher productivity.

NAB Show Product of the Year Award Winners were selected by a panel of industry experts in 16 categories and announced in a live awards ceremony at NAB Show on April 8.

Click here for more information about the 2025 NAB Show Product of the Year Awards.

Comparitech’s Q1 2025 Ransomware Roundup Is Live

Posted in Commentary with tags on April 10, 2025 by itnerd

 Researchers at Comparitech have released a study looking at the impact of global ransomware attacks in Q1 2025.  

In this report, the researchers not only outline the number of attacks but also which sectors were most impacted, the average ransom paid globally, as well as the most prolific gangs in the quarter. 

Key findings include: 

  • 2,190 ransomware attacks globally–1,000 more than in the same period of 2024 (1,172). Government organizations remain a key focus for hackers, and the manufacturing industry has also seen a huge uptick in attacks.
  • Of the 2,190, 197 of them have been confirmed. While this is significantly lower than the number logged in Q1 of 2024 (373), many attacks aren’t confirmed until months after the event.
  • Clop was the most prolific ransomware gang at 331 attacks, with RansomHub coming in at second place with 224. 

You can access the report here: https://www.comparitech.com/news/ransomware-roundup-q1-2025/