Category: Cybersecurity

CybersecurityFintechStartups

Spanish Cybersecurity Firm Acoru Secures €10 Million to Combat AI-Powered Financial Crime

Acoru, a Madrid cybersecurity platform specializing in AI fraud prevention, has raised €10 million in Series A funding. The company’s technology helps financial institutions detect criminal intent before transactions occur, addressing a growing $500 billion global fraud problem.

Funding for Next-Generation Fraud Prevention

Spanish cybersecurity platform Acoru has reportedly secured €10 million in Series A funding to expand its AI-powered fraud and money laundering detection technology, according to investment reports. The Madrid-based startup, founded in 2023 by cybersecurity veterans, focuses on predicting and preventing financial crime before transactions are initiated.

by Darren Holt
AutomotiveBusinessCybersecurity

UK’s Costliest Cyber Attack: Jaguar Land Rover Hack Estimated at £1.9 Billion

A recent cyber attack on Jaguar Land Rover is projected to cost approximately £1.9 billion, making it the most expensive in UK history. The incident has disrupted production and supply chains, with full recovery not anticipated until 2026.

Unprecedented Financial Impact

The cyber attack on Jaguar Land Rover (JLR) is reportedly the most economically damaging cyber event in UK history, with estimated costs reaching £1.9 billion, according to researchers at the Cyber Monitoring Centre (CMC). The attack, which began in late August, forced a five-week halt in production and caused extensive delays across JLR’s supply chain, affecting around 5,000 businesses. Analysts suggest that a full recovery may not be achieved until January 2026, highlighting the long-term repercussions of such incidents.

by Mason Drayton
CybersecuritySecurityTechnology

Sophisticated Cyber Espionage Campaign Targets Global Organizations with Custom Malware

A sophisticated cyber espionage campaign dubbed “PassiveNeuron” is targeting high-profile organizations across Asia, Africa, and Latin America with previously unseen custom malware. Security analysts report the campaign specifically compromises Windows servers using advanced techniques for persistent access and data exfiltration.

Global Cyber Espionage Operation Uncovered

A sophisticated threat campaign targeting prominent organizations across government, industrial, and financial sectors has been identified by cybersecurity researchers, according to recent reports. Dubbed “PassiveNeuron,” the operation has been active across Asia, Africa, and Latin America, deploying custom malware implants specifically designed for cyberespionage purposes.

by Darren Holt
BusinessCybersecurityTechnology

Ransomware Payments Hit Record $3.6 Million Average as Attackers Shift Strategy

The average ransomware payment has skyrocketed to $3.6 million in 2025, representing a 44% increase from the previous year. According to new research, cybercriminals are executing fewer but more targeted attacks against high-value sectors, with healthcare and government agencies facing nearly $7.5 million payouts per incident.

Ransomware Economics Shift Toward Higher-Value Targets

The cybersecurity landscape is undergoing a dramatic transformation as ransomware attackers pivot toward quality over quantity, according to the 2025 Global Threat Landscape Report from security firm ExtraHop. The average ransomware payment has surged to $3.6 million this year, up 44% from $2.5 million in 2024, despite a 25% decline in the overall number of attacks.

by Mason Drayton