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Cybercriminals Use Fake Microsoft ADFS Pages to Steal Credentials and MFA Codes

Researchers from Abnormal Security have warned that hackers are using Microsofts Active Directory Federation Services ADFS to steal passwords and priv

Researchers from Abnormal Security have warned that hackers are using Microsofts Active Directory Federation Services ADFS to steal passwords and private information. Phishing emails purporting to be from the IT team start the attack by asking users to reauthenticate because of a system update. Victims are taken to a fake ADFS login page where their credentials and multifactor authentication MFA codes are stolen when clicking the link. Using this information attackers can move laterally within networks, login, and steal data. About 150 organisations are impacted, and the targeted industries include the public sector, healthcare, and education. The campaign is driven more by financial motivations than espionage since hackers alter email filters and retrieve private data to profit. Read More..

B2B Tech News | 1 months ago          

ChatGPT Suffers Major Global Outage, Affecting Thousands of Users

On 6 February, there was a significant worldwide outage of OpenAIs ChatGPT, with more than 1,400 users reporting problems with Downdetector. With over

On 6 February, there was a significant worldwide outage of OpenAIs ChatGPT, with more than 1,400 users reporting problems with Downdetector. With over 98% of complaints pointing to issues with ChatGPT, the interruption is pervasive. The outage was confirmed by users on X previously Twitter, and many of them shared their experiences. OpenAI acknowledged the problem on its status page and reported issues in Sora, ChatGPT, and its API. At 958 A.M. IST, the problem started, and by 1014 P.M. IST, there had been some progress. While OpenAI has not yet offered a thorough explanation, some functionality has been restored. Many users still consider ChatGPT to be critical thus, a prompt resolution is expected. Read More..

B2B Tech News | 1 months ago          

India and Oman Make Headway in Comprehensive Economic Partnership Agreement Negotiations

The Comprehensive Economic Partnership Agreement CEPA, a potential Free Trade Agreement FTA, is being negotiated between India and Oman. Following a r

The Comprehensive Economic Partnership Agreement CEPA, a potential Free Trade Agreement FTA, is being negotiated between India and Oman. Following a recent visit to Muscat by Commerce and Industry Minister Piyush Goyal, both countries have settled disagreements over petrochemical products and want to hold more negotiations to resolve outstanding issues. The CEPA seeks to improve economic cooperation by simplifying trade regulations and substantially reducing or eliminating customs charges on traded goods. The fiscal year 2023–2024 saw a total of USD 8.94 billion in bilateral trade between India and Oman. Read More..

B2B Tech News | 1 months ago          

Piero Cipollone ECB Expects Three More Interest Rate Cuts This Year as Economy Recovers

Despite worries about the possible effects of the U.S.China trade war on the eurozone, Piero Cipollone, a European Central Bank ECB board member, said

Despite worries about the possible effects of the U.S.China trade war on the eurozone, Piero Cipollone, a European Central Bank ECB board member, said that more interest rate reductions are possible as inflation moderates. With at least three more cuts anticipated this year, the ECB has lowered borrowing prices five times since June to boost an economy emerging from the doldrums. Cipollone stressed that the fundamentals havent altered much since December, even if he noted that continuing trade tensions and rising energy prices make decisions more difficult. The ECB expects inflation to revert to the target of 2% this summer, even though it is now at 2.5 per cent. He was cautiously optimistic, saying that although trade disputes would hamper GDP, a recession is not anticipated. Read More..

B2B Tech News | 1 months ago          

ECB Optimistic About Digital Euro Amid Trump’s Support for DollarPegged Cryptocurrencies

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to U.S. President Donald Trumps proposal to promote dollarpegged cryptocurrencies. The ECB wants to lessen reliance on significant U.S. payment processors like Visa and PayPal by using the digital euro as a central bankbacked online wallet. The digital euro initiative, which has made little headway since the European Commissions June 2023 legislation proposal, is made more urgent by Trumps support for stablecoins, Cipollone underlined. Amid fears about U.S. stablecoins taking deposits away from European banks, he voiced hope that the EU Parliament may complete this legislation by summer, opening the door for an ECB policymakers decision on the currencys possible launch in November. Read More..

B2B Tech News | 1 months ago          

Bank of Portugal’s Centeno Endorses Novo Banco IPO for Banking Sector Growth

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S.

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S. fund, owns 75% of Novo Banco, founded in 2014 following a government rescue of Banco Espirito Santo. It has been reported that Lone Star is contemplating a merger with another Portuguese bank, an Initial Public Offering IPO, and a complete sale of Novo Banco. Citing the need to preserve financial system stability, Centeno advised caution when making more acquisitions and consolidations. He pointed out that Portugals top five banks own more than 80% of the countrys banking assets, so thorough market analysis is necessary. Read More..

B2B Tech News | 1 months ago          

BlackRock Set to Launch Bitcoin ETP in Europe Amid Growing Crypto Demand

Within weeks, BlackRock will introduce a bitcoin exchangetraded product in Europe in response to growing consumer and money manager demand for cryptoc

Within weeks, BlackRock will introduce a bitcoin exchangetraded product in Europe in response to growing consumer and money manager demand for cryptocurrency exposure. The product is most likely headquartered in Switzerland because BlackRock recently established a Zurichbased subsidiary called iShares Digital Assets AG that focuses on digital assets. Since the U.S. Securities and Exchange Commission authorised exchangetraded products that follow the spot price of bitcoin in January 2024, BlackRock has been a leader in providing such products, albeit declining to comment on the launch. IBIT, BlackRocks primary bitcoinrelated product, has experienced notable growth, with net assets as of 4 February totalling $57.5 billion. Under the Markets in CryptoAssets Regulation, European crypto companies negotiate more stringent regulations as the U.S. crypto economy rejoices in government support. Read More..

B2B Tech News | 1 months ago          

Arm Withdraws Threat to End Qualcomm’s License Agreement

Cristiano Amon, the CEO of Qualcomm, declared that Arm Holdings had no longer threatened to revoke Qualcomms licence. The conflict, which started in O

Cristiano Amon, the CEO of Qualcomm, declared that Arm Holdings had no longer threatened to revoke Qualcomms licence. The conflict, which started in October 2024, focused on the technology found in Qualcomms chips for personal computers. Arm first claimed Qualcomm had broken the contract, but it has now stated it has no immediate plans to end the arrangement. A jurys decision in December that Qualcomms PC chips were appropriately licensed under its contract with Arm was a significant legal win for the company. Arm has since submitted a move for a fresh trial, nevertheless, because the jury could not agree on key aspects of the case. The move guarantees Qualcomms continuous access to Arms semiconductor technologies. Read More..

B2B Tech News | 1 months ago          



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