Small businesses battle rising cyber attacks in the US

Many small businesses in the US are facing a sharp rise in cyber attacks, yet large numbers still try to manage the risk on their own.

A recent survey by Guardz found that more than four in ten SMBs have already experienced a cyber incident, while most owners believe the overall threat level is continuing to increase.

Rather than relying on specialist teams, over half of small businesses still leave critical cybersecurity tasks to untrained staff or the owner. Only a minority have a formal incident response plan created with a cybersecurity professional, and more than a quarter do not carry cyber insurance.

Phishing, ransomware and simple employee mistakes remain the most common dangers, with negligence seen as the biggest internal risk.

Recovery times are improving, with most affected firms able to return to normal operations quickly and very few suffering lasting damage.

However, many still fail to conduct routine security assessments, and outdated technology remains a widespread concern. Some SMBs are increasing cybersecurity budgets, yet a significant share still spend very little or do not know how much is being invested.

More small firms are now turning to managed service providers instead of trying to cope alone.

The findings suggest that preparation, professional support and clearly defined response plans can greatly improve resilience, helping organisations reduce disruption and maintain business continuity when an attack occurs.

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Nomani investment scam spreads across social media

Fraudulent investment platform Nomani has surged, spreading from Facebook to YouTube. ESET blocked tens of thousands of malicious links this year, mainly in Czech Republic, Japan, Slovakia, Spain, and Poland.

The scam utilises AI-generated videos, branded posts, and social media advertisements to lure victims into fake investments that promise high returns. Criminals then request extra fees or sensitive personal data, and often attempt a secondary scam posing as Europol or INTERPOL.

Recent improvements make Nomani’s AI videos more realistic, using trending news or public figures to appear credible. Campaigns run briefly and misuse social media forms and surveys to harvest information while avoiding detection.

Despite overall growth, detections fell 37% in the second half of 2025, suggesting that scammers are adapting to more stringent law enforcement measures. Meta’s ad platforms earned billions from scams, demonstrating the global reach of Nomani fraud.

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South Korea tightens ID checks with facial verification for phone accounts

Mandatory facial verification will be introduced in South Korea for anyone opening a new mobile phone account, as authorities try to limit identity fraud.

Officials said criminals have been using stolen personal details to set up phone numbers that later support scams such as voice phishing instead of legitimate services.

Major mobile carriers, including LG Uplus, Korea Telecom and SK Telecom, will validate users by matching their faces against biometric data stored in the PASS digital identity app.

Such a requirement expands the country’s identity checks rather than replacing them outright, and is intended to make it harder for fraud rings to exploit stolen data at scale.

The measure follows a difficult year for data security in South Korea, marked by cyber incidents affecting more than half the population.

SK Telecom reported a breach involving all 23 million of its customers and now faces more than $1.5 billion in penalties and compensation.

Regulators also revealed that mobile virtual network operators were linked to 92% of counterfeit phones uncovered in 2024, strengthening the government’s case for tougher identity controls.

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Romania investigates large scale cyber attack on national water body

Authorities in Romania have confirmed a severe ransomware attack on the national water administration ‘Apele Române’, which encrypted around 1,000 IT systems across most regional water basin offices.

Attackers used Microsoft’s BitLocker tool to lock files and then issued a ransom note demanding contact within seven days, although cybersecurity officials continue to reject any negotiation with criminals.

The disruption affected email systems, databases, servers and workstations instead of operational technology, meaning hydrotechnical structures and critical water management systems continued to function safely.

Staff coordinated activity by radio and telephone, and flood defence operations remained in normal working order while investigations and recovery progressed.

National cyber agencies, including the National Directorate of Cyber Security and the Romanian Intelligence Service’s cyber centre, are now restoring systems and moving to include water infrastructure within the state cyber protection framework.

The case underlines how ransomware groups increasingly target essential utilities rather than only private companies, making resilience and identity controls a strategic priority.

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South Korea plans huge fines for major data breaches

Prime Minister Kim Min-seok has called for punitive fines of up to 10 percent of company sales for repeated and serious data breaches, as public anger grows over large-scale leaks.

The government is seeking swift legislation to impose stronger sanctions on firms that fail to safeguard personal data, reflecting President Lee Jae Myung’s stance that violations require firm penalties instead of lenient warnings.

Kim said corporate responses to recent breaches had fallen far short of public expectations and stressed that companies must take full responsibility for protecting customer information.

Under the proposed framework, affected individuals would receive clearer notifications that include guidance on their rights to seek damages.

The government of South Korea also plans to strengthen investigative powers through coercive fines for noncompliance, while pursuing rapid reforms aimed at preventing further harm.

The tougher line follows a series of major incidents, including a leak at Shinhan Card that affected around 190,000 merchant records and a large-scale breach at Coupang that exposed the data of 33.7 million users.

Officials have described the Coupang breach as a serious social crisis that has eroded public trust.

Authorities have launched an interagency task force to identify responsibility and ensure tighter data protection across South Korea’s digital economy instead of relying on voluntary company action.

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AI growth changes the cycle for memory chip manufacturers

The growing demand for AI is reshaping the fortunes of the memory chip industry, according to leading manufacturers, who argue that the scale of AI investment is altering the sector’s typical boom-and-bust pattern.

The technology is creating more structural demand, rather than the sharp cyclical spikes that previously defined the market.

AI workloads depend heavily on robust memory systems, particularly as companies expand data centre capacity worldwide. Major chipmakers now expect steadier growth because AI models require vast data handling rather than one-off hardware surges.

Analysts suggest it could reduce the volatility that has often led to painful downturns for the industry.

Additionally, some reports claim that Japanese technology group Rakuten is prioritising low-cost AI development to improve profitability across its businesses.

Its AI leadership stresses the need to deploy systems that maximise margins instead of simply chasing capability for its own sake.

The developments underscore how AI is not only transforming software and services but also reshaping the economics of the hardware required to power them, from memory chips to cloud infrastructure on a global scale.

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5G network slicing strengthens Madrid emergency communications

Madrid has strengthened emergency response capabilities through a new collaboration between Orange and Ericsson, integrating a dedicated slice within Orange’s 5G Standalone network.

Advanced radio access and core technologies allow emergency teams to operate on prioritised connectivity during high network demand.

Police, fire and medical services benefit from guaranteed bandwidth and low-latency communications, ensuring uninterrupted coordination during incidents.

The infrastructure by Ericsson enables dynamic switching between public 5G and emergency spectrum, supporting rapid deployment when physical networks are compromised.

Resilience remains central to the design, with autonomous power systems and redundancy maintaining operations during outages. Live video transmission from firefighters’ helmets illustrates how real time data improves risk assessment and decision making on the ground.

By combining telecom innovation with public safety needs, the initiative reinforces Madrid’s role in the emergency communications leadership of the EU and demonstrates how 5G can support critical services at scale.

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University of Phoenix breach exposes millions in major Oracle attack

Almost 3.5 million students, staff and suppliers linked to the University of Phoenix have been affected by a data breach tied to a sophisticated cyber extortion campaign. The incident followed unauthorised access to internal systems, exposing highly sensitive personal and financial information.

Investigations indicate attackers exploited a zero-day vulnerability in Oracle E-Business Suite, a widely used enterprise financial application. The breach surfaced publicly after the Clop ransomware group listed the university on its leak site, prompting internal reviews and regulatory disclosures.

Compromised data includes names, contact details, dates of birth, social security numbers and banking information. University officials have confirmed that affected individuals are being notified, while filings with US regulators outline the scale and nature of the incident.

The attack forms part of a broader wave of intrusions targeting American universities and organisations using Oracle platforms. As authorities offer rewards for intelligence on Clop’s operations, the breach highlights growing risks facing educational institutions operating complex digital infrastructures.

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Cyber incident hits France’s postal and banking networks

France’s national postal service, La Poste, suffered a cyber incident days before Christmas that disrupted websites, mobile applications and parts of its delivery network.

The organisation confirmed a distributed denial of service attack temporarily knocked key digital systems offline, slowing parcel distribution during the busiest period of the year.

A disruption that also affected La Banque Postale, with customers reporting limited access to online banking and mobile services. Card payments in stores, ATM withdrawals, and authenticated online payments continued to function, easing concerns over wider financial instability.

La Poste stated there was no evidence of customer data exposure, although several post offices in France operated at reduced capacity. Staff were deployed to restore services while maintaining in-person banking and postal transactions where possible.

The incident added to growing anxiety over digital resilience in critical public services, particularly following a separate data breach disclosed at France’s Interior Ministry last week. Authorities have yet to identify those responsible for the attack on La Poste.

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Nvidia seeks China market access as US eases AI chip restrictions

The US tech giant NVIDIA has largely remained shut out of China’s market for advanced AI chips, as US export controls have restricted sales due to national security concerns.

High-performance processors such as the H100 and H200 were barred, forcing NVIDIA to develop downgraded alternatives tailored for Chinese customers instead of flagship products.

A shift in policy emerged after President Donald Trump announced that H200 chip sales to China could proceed following a licensing review and a proposed 25% fee. The decision reopened a limited pathway for exporting advanced US AI hardware, subject to regulatory approval in both Washington and Beijing.

If authorised, the H200 shipments would represent the most powerful US-made AI chips permitted in China since restrictions were introduced. The move could help NVIDIA monetise existing H200 inventory while easing pressure on its China business as it transitions towards newer Blackwell chips.

Strategically, the decision may slow China’s push for AI chip self-sufficiency, as domestic alternatives still lag behind NVIDIA’s technology.

At the same time, the policy highlights a transactional approach to export controls, raising uncertainty over long-term US efforts to contain China’s technological rise.

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