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The mass-hacks targeting Oracle E-Business customers is the latest hacking campaign by Clop, an extortion group known for abusing security flaws in enterprise products to steal large amounts of sensitive data. https://t.co/rQ33dqzGWH ...

Core Insights - Unisys has been selected by the European Commission to provide critical cybersecurity services to 71 public entities in the EU as part of the Cybersecurity Professional Services Framework Contract (FREIA) [1][2] - The EUCybersafe Consortium, led by Unisys and including partners Uni Systems and Wavestone, aims to enhance operational cyber resilience in response to increasing digital threats [1][2][3] Group 1: Contract Details - The four-year contract will deliver essential services such as risk management, secure architecture design, incident response, and threat intelligence to key EU institutions including the European Commission, the Council, and the European Parliament [2] - A June 2025 report by the European Commission highlights that nearly 20% of cyber attacks target public administration organizations, underscoring the need for robust cybersecurity measures [2] Group 2: Company Profiles - Uni Systems has been a strategic ICT partner since 1964, providing integrated solutions and services across more than 20 countries, focusing on complex IT projects [5] - Wavestone, a leading consulting partner, supports major companies in strategic transformations, leveraging expertise at the intersection of technology and business [6] Group 3: Unisys Cybersecurity Solutions - Unisys offers a range of cybersecurity solutions including Continuous Threat Exposure Management, Managed Detection and Response, and Cyber Recovery, all designed to address evolving threats and ensure operational continuity [7]

Core Insights - Cyber attackers are increasingly penetrating core telecom infrastructure undetected, with DDoS attacks reaching record levels and the need for crypto agility becoming essential [1][2][4] Group 1: Cybersecurity Threats - Attackers are targeting core networks, accessing sensitive systems like subscriber data and lawful interception platforms, often using trusted tools and exploiting misconfigurations [2][6] - DDoS attacks have surged to terabit-scale, occurring daily, with gigabit residential broadband amplifying the risks [3][6] - Nearly 60% of high-cost breaches are attributed to insider actions or human errors, with complex supply chains increasing vulnerabilities [5][6] Group 2: Defense Strategies - Over 70% of telecom security leaders prioritize AI and machine learning for threat analytics, with more than half planning to implement AI for detection within 18 months [4][6] - The industry is urged to adopt automated certificate management and encryption to prepare for quantum computing threats [4][8] - DDoS attack durations are decreasing, with 78% now concluding within five minutes, highlighting the need for rapid detection and mitigation [7][6] Group 3: Industry Response - The report emphasizes the importance of shared threat intelligence, AI-driven detection, and crypto-agility to enhance resilience in interconnected networks [9] - Network owners must proactively protect against complex DDoS attacks, integrating security measures into the network infrastructure [10] - The urgency for compliance with upcoming regulations is low, despite the shrinking validity of digital certificates [8]

Core Insights - Cyber attackers are increasingly penetrating core telecom infrastructure undetected, with DDoS attacks reaching new extremes and the need for crypto agility becoming a requirement [1][2][4] Cybersecurity Threats - Attackers are targeting core networks, accessing sensitive systems like subscriber data and lawful interception platforms, often using trusted tools and exploiting misconfigurations [2][6] - Nearly 60% of high-cost breaches are attributed to insider actions or human errors, with complex supply chains increasing exposure to credential misuse and privilege escalation [5][6] DDoS Attack Trends - Terabit-scale DDoS attacks are now occurring daily, a significant increase from once every five days in 2024, with residential broadband amplifying the risks [3][6] - 78% of DDoS attacks now conclude within five minutes, up from 44% in 2024, indicating a need for rapid detection and mitigation strategies [7][6] AI and Quantum Readiness - Over 70% of telecom security leaders prioritize AI and machine learning for threat analytics, with more than half planning to implement AI for detection within 18 months [4][6] - The validity period for digital certificates is decreasing significantly, projected to drop to 47 days by 2029, highlighting the urgency for compliance and quantum-safe networking [8] Industry Response and Recommendations - The industry must enhance resilience through shared threat intelligence, AI-driven detection, and crypto agility to combat the evolving cyber threats [9][10] - Security measures should be integrated into network design to ensure uninterrupted critical functions amid rising DDoS threats [10]

Core Points - Salesforce has decided not to pay a ransom demanded by a hacking group that threatened to publish stolen client data [1][2] - The company is aware of extortion attempts and is providing support to affected customers [2] Data Breach Details - The stolen information was obtained earlier this year through a breach of Salesloft's Drift app, which integrates with Salesforce [3] - Other companies, including Cloudflare, have also been affected by the Drift breach [3] Impact on Cloudflare - Cloudflare reported that information in its customer support system should be considered compromised due to the Drift breach [4] - The compromised data included customer contact information and basic support case data, with some potentially sensitive information like access tokens [4] - Cloudflare identified and rotated 104 compromised API tokens and informed affected customers [5] Broader Implications - The data breaches have raised concerns about social engineering attacks, as the stolen data could be used to enhance such attacks [5][6] - Several companies have disclosed data breaches resulting from the Drift attack, indicating a wider impact on the industry [6] - The reliance on vendors can increase a company's cybersecurity vulnerabilities, as highlighted in previous reports [7]

RT BSCN (@BSCNews)VIETNAM TO LIMIT CRYPTO EXCHANGE PILOT TO FIVE LICENSED OPERATORS- Vietnam’s Ministry of Finance will authorize only five licensed exchanges under a new pilot program.- The move follows Resolution 05/2025/NQ-CP, approved in September, which established a five-year framework for testing regulated crypto markets.- Deputy Finance Minister Nguyen Duc Chi said the ministry aims to issue the first licenses before 2026. No formal applications have been received yet, but several local and regional ...

Core Insights - Cognizant has announced a strategic collaboration with SmartestEnergy to enhance cybersecurity measures [1] - The partnership aims to deliver Managed Extended Detection & Response and 24/7 Managed Security Operations Centre capabilities [1] - SmartestEnergy is focusing on advanced cybersecurity to protect customer data and meet compliance demands as it scales operations internationally [1] Company Overview - SmartestEnergy is an energy company assisting businesses in the UK with the energy transition [1] - The company is investing in cybersecurity to counter sophisticated threats and safeguard its IT landscape [1] Industry Context - The collaboration reflects a growing trend in the energy sector towards enhanced cybersecurity measures amid increasing compliance demands and sophisticated threats [1] - As businesses transition to net zero, the need for robust cybersecurity frameworks becomes critical [1]

Financial Data and Key Metrics Changes - Total revenue increased by 37% year-on-year to $18.7 million, with strong momentum in technology [4][21][22] - Gross profit rose by 17% to $15.1 million, maintaining a gross margin of 80% [7][22][23] - EBITDA was reported at $5.2 million, reflecting top-line growth and disciplined execution [5][21][22] - Net profit after tax reached $4.66 million, with a net margin of 35% [7][22][23] - Interest income increased to $1.3 million from $0.7 million a year ago, driven by a larger loan receivable base [7][22] Business Line Data and Key Metrics Changes - The technology segment generated $9.3 million in revenue, up from $1.7 million a year ago, indicating a structural shift towards technology as a growth driver [3][4][18][19] - Consultancy revenue contributed $8.1 million, showing stability despite a return to typical activity levels after an exceptional 2024 [3][4][18][19] Market Data and Key Metrics Changes - The company is expanding into GPU-as-a-service with the upcoming launch of its GPU Launch and GPU Cloud platform [4][19] - There is consistent interest from enterprise clients in AI-integrated server and cloud platforms, with discussions moving into later stages [11][27][28] Company Strategy and Development Direction - The company is focused on building a portfolio of high-growth verticals across cybersecurity, AI, fintech, and technology development [3][4][19] - A planned IPO of VCCG, the capital market advisory arm, is targeted for the first quarter of 2026, reflecting strategic flexibility [4][19] - The company aims to convert strategic initiatives into sustained earning growth while maintaining financial rigor [8][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the progress made and emphasized a focus on execution and scaling in the second half of 2025 [5][15][31] - The company is monitoring delivery capacity, timing of consultancy deal closures, capital deployment discipline, and regulatory developments as key execution risks [29][30] Other Important Information - The company is increasing investments in cybersecurity, AI, data analytics, and fintech, which are aligned with long-term strategic goals [4][19] - The first half results reflect a scalable, margin-creating model supported by a diversified revenue stream [8][23] Q&A Session Summary Question: How is capital allocation prioritized across AI, cybersecurity, fintech, and data analytics? - The company prioritizes AI infrastructure and related services, followed by cybersecurity, while being selective in fintech and data analytics investments [9][24] Question: Should the moderation in consultancy revenue be viewed as a structural shift towards technology? - It is both a return to typical activity levels and a structural shift, with technology becoming a larger part of the business [10][25] Question: How is the current pipeline shaping for the second half of the year, particularly in technology? - The pipeline looks steady, with consistent interest in AI-integrated server and cloud platforms, and healthy consultancy mandates [11][26][28] Question: What key execution risks are being monitored for the remainder of 2025? - Key risks include delivery capacity, timing of consultancy deal closures, capital deployment discipline, and regulatory developments [13][29]

Financial Data and Key Metrics Changes - Total revenue for the first half of 2025 was $18.7 million, representing a 37% increase year-on-year [4][6][21] - Gross profit increased by 17% to $15.1 million, with a gross margin maintained at 80% [6][24] - EBITDA was reported at $5.2 million, reflecting top-line growth and continued investment [5][6][21] - Net profit after tax was $4.66 million, with a net margin of 35% [6][24] - Interest income rose to $1.3 million from $0.7 million a year ago, driven by a larger loan receivable base [7][24] Business Line Data and Key Metrics Changes - The technology segment generated $9.3 million in revenue, up from $1.7 million a year ago, indicating a structural shift towards technology as a growth driver [3][19][21] - Consultancy revenue contributed $8.1 million, showing stability despite a return to typical activity levels after an exceptional 2024 [3][19][21] Market Data and Key Metrics Changes - The company is expanding into GPU-as-a-service with the upcoming launch of its GPU Launch and GPU Cloud platform [4][20] - There is consistent interest from enterprise clients in AI-integrated server and cloud platforms, with discussions progressing into later stages [11][27] Company Strategy and Development Direction - The company is focused on building a portfolio of high-growth verticals across cybersecurity, AI, fintech, and technology development [3][19] - A planned IPO of VCCG, the capital market advisory arm, is targeted for the first quarter of 2026, reflecting strategic flexibility [4][20] Management's Comments on Operating Environment and Future Outlook - Management emphasized a disciplined approach to capital allocation, prioritizing AI infrastructure and related services [9][25] - The company is focused on execution and scaling, with a clear strategy to convert initiatives into sustained earnings growth [5][32] Other Important Information - The company is increasing investments in cybersecurity, AI, data analytics, and fintech, areas with long-term potential [4][20] - The first half results reflect a scalable, margin-creating model supported by diversified revenue streams [8][24] Q&A Session Summary Question: How is capital allocation prioritized across AI, cybersecurity, fintech, and data analytics? - The company is prioritizing AI infrastructure and related services, followed by cybersecurity, while being selective in fintech and data analytics investments [9][25] Question: Should the moderation in consultancy revenue be viewed as a structural shift towards technology? - It is both a return to typical activity levels and a structural shift, with technology becoming a larger part of the business [10][26] Question: How is the current pipeline shaping for the second half of the year, particularly in technology? - The pipeline looks steady, with consistent interest in AI-integrated server and cloud platforms, and healthy consultancy mandates [11][27][29] Question: What are the key execution risks for the remaining of 2025? - Key risks include delivery capacity, timing of consultancy deal closures, capital deployment discipline, and regulatory developments [13][30]