Cybercrime

Phishing scams surge with record losses in August

ScamSniffer has reported a sharp rise in phishing scams during August, with losses climbing to $12.17 million, a 72% increase from July. The figure marks the highest monthly losses this year and came alongside 15,230 victims, a new annual record.

The spike was driven mainly by EIP-7702 batch signature scams, which accounted for nearly half of the stolen funds. One victim lost $3.08 million in a single incident, while two others lost $1.54 million and $1 million, respectively.

More minor but significant losses also occurred, including users losing $235,977 and $66,000 in scams disguised as Uniswap swaps.

EIP-7702, introduced with Ethereum’s Pectra upgrade, allows externally owned accounts to act temporarily like smart contracts. While intended to improve user experience, it has opened the door to new phishing exploits.

Security experts warn that attackers increasingly use automated sweeper attacks to drain compromised wallets.

Beyond EIP-7702, traditional phishing methods remain a problem. ScamSniffer noted a rise in address poisoning and malicious ads on platforms such as Google and Bing. One user lost $636,559 after copying a tainted address, while two more lost $500,000 and $19,000 in similar schemes.

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OpenAI boss, Sam Altman, fuels debate over dead internet theory

Sam Altman, chief executive of OpenAI, has suggested that the so-called ‘dead internet theory’ may hold some truth. The idea, long dismissed as a conspiracy theory, claims much of the online world is now dominated by computer-generated content rather than real people.

Altman noted on X that he had not previously taken the theory seriously but believed there were now many accounts run by large language models.

His remark drew criticism from users who argued that OpenAI itself had helped create the problem by releasing ChatGPT in 2022, which triggered a surge of automated content.

The spread of AI systems has intensified debate over whether online spaces are increasingly filled with artificially generated voices.

Some observers also linked Altman’s comments to his work on World Network, formerly Worldcoin, a project launched in 2019 to verify human identity online through biometric scans. That initiative has been promoted as a potential safeguard against the growing influence of AI-driven systems.

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Google Cloud study shows AI agents driving global business growth

A new Google Cloud study indicates that more than half of global enterprises are already using AI agents, with many reporting consistent revenue growth and faster return on investment.

The research, based on a survey of 3,466 executives across 24 countries, suggests agentic AI is moving from trial projects to large-scale deployment.

The findings by Google Cloud reveal that 52% of executives said their organisations actively use AI agents, while 39% reported launching more than ten. A group of early adopters, representing 13% of respondents, have gone further by dedicating at least half of their future AI budgets to agentic AI.

These companies are embedding agents across operations and are more likely to report returns in customer service, marketing, cybersecurity and software development.

The report also highlights how industries are tailoring adoption. Financial services focus on fraud detection, retail uses agents for quality control, and telecom operators apply them for network automation.

Regional variations are notable: European companies prioritise tech support, Latin American firms lean on marketing, while Asia-Pacific enterprises emphasise customer service.

Although enthusiasm is strong, challenges remain. Executives cited data privacy, security and integration with existing systems as key concerns.

Google Cloud executives said that early adopters are not only automating tasks but also reshaping business processes, with 2025 expected to mark a shift towards embedding AI intelligence directly into operations.

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UK factories closed as cyberattack disrupts Jaguar Land Rover

Jaguar Land Rover (JLR) has ordered factory staff to work from home until at least next Tuesday as it recovers from a major cyberattack. Production remains suspended at key UK sites, including Halewood, Solihull, and Wolverhampton.

The disruption, first reported earlier this week, has ‘severely impacted’ production and sales, according to JLR. Reports suggest that assembly line workers have been instructed not to return before 9 September, while the situation remains under review.

The hack has hit operations beyond manufacturing, with dealerships unable to order parts and some customer handovers delayed. The timing is particularly disruptive, coinciding with the September release of new registration plates, which traditionally boosts demand.

A group of young hackers on Telegram, calling themselves Scattered Lapsus$ Hunters, has claimed responsibility for the incident. Linked to earlier attacks on Marks & Spencer and Harrods, the group reportedly shared screenshots of JLR’s internal IT systems as proof.

The incident follows a wider spate of UK retail and automotive cyberattacks this year. JLR has stated that it is working quickly to restore systems and emphasised that there is ‘no evidence’ that customer data has been compromised.

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Google outage disrupts services across Türkiye and southeast europe

Google services experienced a widespread outage in Türkiye on Thursday morning, leaving core functions such as search and YouTube inaccessible.

Users reported search queries failing to return results, frozen pages, and an inability to connect to Google servers. Social media posts suggested the disruption extended beyond Türkiye, affecting users in Bulgaria, Greece, Georgia, Croatia, Serbia, Romania, Armenia, the Netherlands, and Germany.

The Turkish state-run Anadolu Agency confirmed outages across parts of Southeastern Europe. Turkish Deputy Minister of Transport and Infrastructure, Omer Fatih Sayan, said the issue impacted Android and related services in Türkiye and the wider European region.

He added that the National Cyber Incident Response Centre had requested a technical report from Google and is monitoring the situation closely.

As of 10:57 a.m. local time, 4 September 2025, access to Google services in Türkiye had been restored. Google has yet to issue an official statement regarding the cause of the disruption.

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SCO Tianjin Summit underscores economic cooperation and security dialogue

The Shanghai Cooperation Organisation (SCO) summit in Tianjin closed with leaders adopting the Tianjin Declaration, highlighting member states’ commitment to multilateralism, sovereignty, and shared security.

The discussions emphasised economic resilience, financial cooperation, and collective responses to security challenges.

Proposals included exploring joint financial mechanisms, such as common bonds and payment systems, to shield member economies from external disruptions.

Leaders also underlined the importance of strengthening cooperation in trade and investment, with China pledging additional funding and infrastructure support across the bloc. Observers noted that these measures reflect growing interest in alternative global finance and economic governance approaches.

Security issues are prominently featured, with agreements to enhance counter-terrorism initiatives and expand existing structures such as the Regional Anti-Terrorist Structure. Delegates also called for greater collaboration against cross-border crime, drug trafficking, and emerging security risks.

At the same time, they stressed the need for political solutions to ongoing regional conflicts, including those in Ukraine, Gaza, and Afghanistan.

With its expanding membership and combined economic weight, the SCO continues to position itself as a platform for cooperation beyond traditional regional security concerns.

While challenges remain, including diverging interests among key members, the Tianjin summit indicated the bloc’s growing role in discussions on multipolar governance and collective stability.

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AI framework Hexstrike-AI repurposed by cybercriminals for rapid attacks

Within hours of its public release, the offensive security framework Hexstrike-AI has been weaponised by threat actors to exploit zero-day vulnerabilities, most recently affecting Citrix NetScaler ADC and Gateway, within just ten minutes.

Automated agents execute actions such as scanning, exploiting CVEs and deploying webshells, all orchestrated through high-level commands like ‘exploit NetScaler’.

Researchers from CheckPoint note that attackers are now using Hexstrike-AI to achieve unauthenticated remote code execution automatically.

The AI framework’s design, complete with retry logic and resilience, makes chaining reconnaissance, exploitation and persistence seamless and more effective.

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Salt Typhoon espionage campaign revealed through global cybersecurity advisory

Intelligence and cybersecurity agencies from 13 countries, including the NSA, CISA, the UK’s NCSC and Canada’s CSIS, have jointly issued an advisory on Salt Typhoon, a Chinese state-sponsored advanced persistent threat group.

The alert highlights global intrusions into telecommunications, military, government, transport and lodging sectors.

Salt Typhoon has exploited known, unpatched vulnerabilities in network-edge appliances, such as routers and firewalls, to gain initial access. Once inside, it covertly embeds malware and employs living-off-the-land tools for persistence and data exfiltration.

The advisory also warns that stolen data from compromised ISPs can help intelligence services track global communications and movements.

It pinpoints three Chinese companies with links to the Ministry of State Security and the People’s Liberation Army as central to Salt Typhoon’s operations.

Defensive guidelines accompany the advisory, urging organisations to apply urgent firmware patches, monitor for abnormal network activity, verify firmware integrity and tighten device configurations, especially for telecom infrastructure.

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Hackers exploit Ethereum smart contracts to spread malware

Cybersecurity researchers have uncovered a new method hackers use to deliver malware, which hides malicious commands inside Ethereum smart contracts. ReversingLabs identified two compromised NPM packages on the popular Node Package Manager repository.

The packages, named ‘colortoolsv2’ and ‘mimelib2,’ were uploaded in July and used blockchain queries to fetch URLs that delivered downloader malware. The contracts hid command and control addresses, letting attackers evade scans by making blockchain traffic look legitimate.

Researchers say the approach marks a shift in tactics. While the Lazarus Group previously leveraged Ethereum smart contracts, the novel element uses them as hosts for malicious URLs. Analysts warn that open-source repositories face increasingly sophisticated evasion techniques.

The malicious packages formed part of a broader deception campaign involving fake GitHub repositories posing as cryptocurrency trading bots. With fabricated commits, fake user accounts, and professional-looking documentation, attackers built convincing projects to trick developers.

Experts note that similar campaigns have also targeted Solana and Bitcoin-related libraries, signalling a broader trend in evolving threats.

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Jaguar Land Rover production disrupted by cyber incident

Jaguar Land Rover (JLR) has confirmed its production and retail operations were ‘severely disrupted’ due to a cyber incident, prompting a precautionary system shutdown.

The company stated there is currently ‘no evidence’ that any customer data has been compromised and assured it is working at pace to restore systems in a controlled manner.

The incident disrupted output at key UK plants, including Halewood and Solihull, led to operational bottlenecks such as halted vehicle registrations, and impacted a peak retail period following the release of ’75’ number plates.

A Telegram group named Scattered Lapsus$ Hunters, a conflation of known hacking collectives, claimed responsibility, posting what appeared to be internal logs. Cybersecurity experts caution that such claims should be viewed sceptically, as attribution via Telegram may be misleading.

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