Latest news with #cybersecurity
Malay Mail
an hour ago
- Politics
- Malay Mail
‘We're not at war, but not at peace either': Singapore defence minister warns of becoming ‘collateral' amid rising global conflicts
SINGAPORE, June 28 – Singapore must heighten vigilance across various fronts due to escalating global conflicts that could see it becoming 'collateral in other people's fight', its Defence Minister Chan Chun Sing said this week. Speaking to Singaporean reporters earlier this week, Chan said the Singapore Armed Forces (SAF) is continuously dealing with a wide spectrum of threats across its four service branches, as the country navigates a state that is neither conventional war nor peace. 'Today, we are not at war in the conventional sense, neither are we at peace in the conventional sense,' he was quoted saying by The Straits Times. 'We are always operating somewhere in between, with different gradations. And that's what keeps us on our toes.' The interview was held at the Ministry of Defence headquarters ahead of SAF Day on July 1, amid global security concerns stemming from rising tensions in the Middle East. Chan referenced the Iran-Israel conflict and the United States strikes on Iran's nuclear sites, cautioning that retaliatory actions could have broader implications beyond the key players involved. 'It could be anywhere else,' he said, warning that such developments might inflame regional sentiments and risk fuelling terrorism. He stressed that Singapore's defence posture must adapt to an evolving landscape where threats increasingly emerge from cyberspace and other non-traditional domains. Chan highlighted persistent cyber threats, with the Digital and Intelligence Service and other agencies fending off thousands of intrusion attempts daily, many of which are likely deliberate and malicious. Protecting Singapore's cyber domain is a round-the-clock effort, Chan added, warning that breaches could disrupt the power grid, financial systems and water supply, beyond compromising sensitive information or national reputation. Chan also noted daily attempts to influence public opinion in Singapore through information operations, warning of both direct and indirect efforts to sway national sentiment. 'The type of information operations that people conduct, perhaps directly on us and sometimes indirectly on us, where we are the collateral, is also not something that we will take lightly,' he said. The SAF also faces frequent incursions into its airspace and waters, with the air force responding to hundreds of suspicious cases annually, and the navy conducting extensive vessel checks in the busy Singapore Strait. 'The number of ships that sail through the narrow Singapore Strait, the number of boardings that we have to [do to] check and verify to make sure that the strait remains safe from threat actors, that goes into the hundreds as well and, in fact, sometimes the thousands,' he said.
Yahoo
4 hours ago
- Business
- Yahoo
Prolific cybercrime gang now targeting airlines and the transportation sector
Cybersecurity firms are warning that the prolific hacking group known as Scattered Spider is now targeting airlines and the transportation sector. Executives from Google's cybersecurity unit Mandiant and Palo Alto Networks' security research division Unit 42 say they have observed cyberattacks targeting the aviation industry resembling Scattered Spider. Scattered Spider is a collective of mostly English-speaking hackers, typically teenagers and young adults, who are financially motivated to steal and extort sensitive data from company networks. The hackers are also known for their deception tactics, which often rely on social engineering, phishing, and sometimes threats of violence toward company help desks and call centers to gain access to their networks. The warning comes as at least two airlines have reported intrusions this month. Hawaiian Airlines said late Thursday that it was working to secure its systems following a cyberattack. Canada's second largest airline, WestJet, reported a cyberattack on June 13 that remains ongoing and unresolved. Media reports have linked the WestJet incident to Scattered Spider. This fresh wave of Scattered Spider attacks comes soon after the cybercriminal gang targeted the U.K. retail sector and the insurance industry. The hackers have previously broken into hotel chains, casinos, and technology giants.
Yahoo
4 hours ago
- Business
- Yahoo
Prediction: BlackBerry Stock Will Beat the Market – Here's Why
Written by Jitendra Parashar at The Motley Fool Canada BlackBerry's (TSX:BB) comeback has been hard to ignore. After a brutal 63% drop in 2022, the stock has staged a remarkable recovery over the past two and a half years. As of June 27, 2025, BB stock has surged by 112% over the last year alone and is now trading at $6.45 with a market cap of $3.8 billion. I've had this stock on my radar for many years, before finally adding it to my portfolio because I saw real staying power and explosive growth potential. BlackBerry has been shedding non-core operations, including its artificial intelligence (AI)-focused cybersecurity arm, and is now doubling down on connected tech – especially in automotive software and enterprise platforms. That shift has started to pay off, and I believe there's a lot more upside from here. In this article, I'll break down the three main reasons I expect BlackBerry to beat the broader market going forward, and why long-term investors might want to take a fresh look at it now. That shift in strategy I just talked about isn't just a surface-level change. It's a much deeper shift, and its financials are gradually beginning to reflect that. In the first quarter of its fiscal year 2026 (ended in May 2025), BlackBerry posted revenue of US$121.7 million, exceeding the high end of its own guidance. More importantly, its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) came in at US$16.4 million, also above expectations. For the first time since the fourth quarter of fiscal 2022, the company posted a GAAP (Generally Accepted Accounting Principles) profit with a net income of US$1.9 million. That strong financial performance clearly reflects how BlackBerry is starting to build some real momentum on the earnings front. And that's a key shift for investors looking at it with a longer-term Foolish investing approach. In the latest quarter, BlackBerry's QNX division reported an 8% YoY (year-over-year) jump in its revenue to US$57.5 million and contributed US$12.7 million in adjusted EBITDA, which was about 22% of its revenue. This growth came along with the launch of its next-gen hypervisor platform, which is mainly designed for advanced driver assistance and embedded systems. Interestingly, QNX isn't just about software for cars (though that's a big piece). It's also becoming a key player in safety-critical systems across industries. That relevance across sectors makes BlackBerry stock even more appealing today, especially as the demand for intelligent, real-time systems continues to surge. While QNX drives the upside, BlackBerry's secure communications business is also delivering consistent growth. In the latest quarter, its revenue from this division hit US$59.5 million, once again beating guidance. It also posted US$9.6 million in adjusted quarterly EBITDA. Even though annual recurring revenue in this unit remained relatively flat at US$209 million, the secure communications segment still delivered profitability and consistent cash flow. In terms of financials, BlackBerry stock has kicked off its fiscal 2026 on a solid note. Whether it's the better-than-expected sales, the improving EBITDA, or the return to GAAP profitability, the stock is showing signs that it's finally in the early stages of a credible turnaround. And that's exactly the point in a company's growth journey that long-term investors don't want to overlook. The post Prediction: BlackBerry Stock Will Beat the Market – Here's Why appeared first on The Motley Fool Canada. Before you buy stock in BlackBerry, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and BlackBerry wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has positions in BlackBerry. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arab News
6 hours ago
- Business
- Arab News
Tech firms warn ‘Scattered Spider' hacks are targeting aviation sector
WASHINGTON: Tech companies Google and Palo Alto Networks are sounding the alarm over the 'Scattered Spider' hacking group's interest in the aviation sector. In a statement posted on LinkedIn on Friday, Sam Rubin, an executive at Palo Alto's cybersecurity-focused Unit 42, said his company had 'observed Muddled Libra (also known as Scattered Spider) targeting the aviation industry.' In a similar statement, Charles Carmakal, an executive with Alphabet-owned Google's cybersecurity-focused Mandiant unit, said his company was 'aware of multiple incidents in the airline and transportation sector which resemble the operations of UNC3944 or Scattered Spider.' Neither executive identified which specific companies had been targeted, but Alaska Air Group-owned Hawaiian Airlines and Canada's WestJet have both recently reported being struck by unspecified cyber incidents. Neither company has gone into detail about the intrusions or commented on any potential links between the incidents and Scattered Spider. The loose-knit but aggressive hacking group, alleged to at least in part comprise youngsters operating in Western countries, has been blamed for some of the most disruptive hacks to hit the United States and Europe in recent memory. In 2023, hackers tied to the group broke into gaming companies MGM Resorts and Caesars Entertainment, partially paralyzing casinos and knocking slot machines out of commission. Earlier this year, the group wreaked havoc at British retailers. More recent targets include the US insurance industry.
Reuters
6 hours ago
- Business
- Reuters
Tech firms warn 'Scattered Spider' hacks are targeting aviation sector
WASHINGTON, June 27 (Reuters) - Tech companies Google and Palo Alto Networks are sounding the alarm over the "Scattered Spider" hacking group's interest in the aviation sector. In a statement posted on LinkedIn, opens new tab on Friday, Sam Rubin, an executive at Palo Alto's (PANW.O), opens new tab cybersecurity-focused Unit 42, said his company had "observed Muddled Libra (also known as Scattered Spider) targeting the aviation industry." In a similar statement, Charles Carmakal, an executive with Alphabet-owned Google's (GOOGL.O), opens new tab cybersecurity-focused Mandiant unit, said his company was "aware of multiple incidents in the airline and transportation sector which resemble the operations of UNC3944 or Scattered Spider." Neither executive identified which specific companies had been targeted, but Alaska Air Group-owned Hawaiian Airlines and Canada's WestJet have both recently reported being struck by unspecified cyber incidents. Neither company has gone into detail about the intrusions or commented on any potential links between the incidents and Scattered Spider. The loose-knit but aggressive hacking group, alleged to at least in part comprise youngsters operating in Western countries, has been blamed for some of the most disruptive hacks to hit the United States and Europe in recent memory. In 2023, hackers tied to the group broke into gaming companies MGM Resorts and Caesars Entertainment, partially paralyzing casinos and knocking slot machines out of commission. Earlier this year, the group wreaked havoc at British retailers. More recent targets include the U.S. .
