Tag Archive for: BILLION

Bad News Confirmed For 1.3 Billion Apple iMessage Users


Yes, Apple’s iPhone is materially more secure than Android and yes, Apple still leads the way when it comes to your privacy. But there is a huge exception to the Cupertino giant’s security- and privacy-first approach, one that impacts a billion-plus iPhone and iPad users. And we had stark confirmation this week that Apple is stubbornly refusing to step up to the plate and fix it.

We’re talking iMessage—Apple’s ubiquitous messaging platform. We all know that texting between iPhones and Androids is a pretty awful throwback to the early days of SMS. “It’s not about the color of the bubbles,” Google says. “It’s the blurry videos, broken group chats, missing read receipts and typing indicators, no texting over Wi-Fi, and more.”

But as fun as all these features would be, there’s a much more serious issue lurking in the background. iMessage has been central to Apple’s wider security challenges over the last year. Sophisticated (read national security level) cyber attacks have been found exploiting its architecture, and Apple has hardened the platform as a result. But there’s a much bigger problem that still hasn’t been fixed.

As much as we read about nation state level attacks, these impact just handfuls of users. You might be better protected from Chinese cyber-spies, but if you reuse passwords, click on dangerous links and casually open email attachments, then you, your data, your bank balance are far more at risk.

And so it is with iMessage. While Apple has sandboxed messages, plugging high-risk gaps, its end-to-end security only protects you while you stay enclosed within its ecosystem. As soon as those blue bubbles turn green, as soon as you text someone with an Android device in their hand, all bets are off.

Until fairly recently, there was no solution to this. Google had no real alternative to iMessage. The carriers were slowly deploying SMS v2, known as RCS or Rich Communication Services, but that still relied on the archaic SMS architecture that bounced from carrier to carrier, exposing data to all along the way. Google stepped in to fix this. First by taking over responsibility for driving RCS adoption across its user base. And then,…

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India Cyber Security Market Report 2022: A $3.54 Billion Market by 2027 – Competition, Forecasts & Opportunities



The “India Cyber Security Market, By Security Type, By Solutions Type, By Deployment Mode, By End Use Industry, By Region, By Top 12 States, Competition, Forecast & Opportunities, FY2017-FY2027” …

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Network Security Firewall Market: Industry Value is Projected to Reach $24.34 Billion by 2030, at CAGR of 21.6%


Network Security Firewall Market

Network Security Firewall Market

Increase in awareness about data security and privacy presents new opportunities in the coming years.

PORTLAND, PORTLAND, OR , UNITED STATES , August 19, 2022 /EINPresswire.com/ — Surge in demand for network security and privacy and rise in number of cyber-based attacks and frauds drive the growth of the global network security firewall market.

The global network security firewall industry generated $3.48 billion in 2020, and is estimated to generate $24.34 billion by 2030, witnessing a CAGR of 21.6% from 2020 to 2030.

Based on deployment type, the on premise segment accounted for the largest share in 2020, contributing to more than half of the global network security firewall market, and is projected to maintain its lead position during the forecast period. This is due to advancements in on premise technologies and adoption of new IoT-based techniques and competition among SMEs. However, the cloud segment is expected to portray the largest CAGR of 23.6% from 2021 to 2030, owing to cost efficiency, importance of cybersecurity, and highly automated nature of cloud security.

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Based on region, North America held the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the global network security firewall market, and is expected to maintain its dominance by 2030. This is due to rapid advancements in mobile security technologies and huge investments in data security with rise in cyber-attacks. However, Asia-Pacific is projected to witness the fastest CAGR of 23.3% during the forecast period, owing to the rapid advancements in mobile security technologies and several government initiations toward digitalization in developing countries.

Based on component, the solution segment held the highest market share in 2020, accounting for nearly three-fourths of the global network security firewall market, and is estimated to maintain its leadership status…

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Over $2 Billion Stolen This Year In Blockchain Bridge Hacks Expose DeFi’s Achilles Heel


If 2018 was the Year of the Hack for centralized crypto exchanges, decentralized blockchain bridges seem destined to win that honor this year.

Over $1.9 billion was stolen in cross-chain hacks in the first half of 2022, according to a new blog post by crypto analytic firm Chainalysis.

Cross-chain bridges have come under fire in recent weeks for their vulnerability. At their core, bridges allow users to exchange one token for another, say BNBBNB
(Binance’s token) for ethereum; they are the key to expanding operability across blockchains.

“Having that interoperability is crucial,” says Kim Grauer, head of research at Chainalysis.

But in order to function, bridges must hold large amounts of both tokens. Such liquidity pools make them enticing to hackers. Bridges “allow for blockchains to talk,” says Grauer. “But we’ve also created these honey pots for malicious actors.”

“Regardless of how those funds are stored–locked up in a smart contract or with a centralized custodian–that storage point becomes a target,” she adds.

Their vulnerability may also be a result of DeFi growing too much, too fast. Cross-chain bridges, says Amit Dar, senior director of strategy at cybersecurity firm Active Fence, are “kind of afterthoughts.”

“Effective bridge design is still an unresolved technical challenge, with many new models being developed and tested,” adds Grauer.

Still, the bridges have become staples of decentralized finance, and as long as they remain vulnerable, hacks will also be commonplace.

“The promise of DeFi was that we could have trustless finance,” says Sam William, CEO of ArweaveAR
, a blockchain start-up behind the permaweb which aims to preserve Internet content. “But instead people have ended up trusting the marketing and subsequently trusting the code without verifying it.”

As DeFi grows, this “painful lesson,” as Grauer puts it, is costing users unprecedented amounts of money. Thefts in the first half of this year were up 58% from the corresponding 2021 period. “This trend doesn’t appear set to reverse anytime soon,”…

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