Tag Archive for: project

HCLTech trades flat after ransomware attack on cloud project


HCL Technologies said a detailed investigation is underway in consultation with relevant stakeholders to assess the root cause and take remedial action as necessary.

IT services major HCL Technologies traded flat at Rs 1,500 per share on December 20 morning deals after the company faced a ransomware incident within a restricted cloud environment associated with one of its projects.

“HCLTech has become aware of a ransomware incident in an isolated cloud environment for one of its projects. There has been no impact observed due to this incident on the overall HCLTech network,” the IT company said in a stock exchange filing on December 20.

Cybersecurity and data protection is a top priority for HCLTech. A detailed investigation is underway in consultation with relevant stakeholders to assess the root cause and take remedial action as necessary, it added.

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Following a significant 10 percent increase in the span of three trading sessions, HCL Technologies has been downgraded by Kotak Institutional Equities on December 19. The brokerage firm has taken this step due to its perception of limited potential for further gains. Furthermore, Kotak has revised its rating on HCL Technologies, downgrading it from ‘Buy’ to ‘Add’.

Last week, HCL Technologies, India’s No. 3 software-services exporter, entered an exclusive group of companies with a market capitalisation (market-cap) of Rs 4 lakh crore.

In a filing to the stock exchange on December 14, HCL Technologies announced that it has secured a contract from the Department of Transport and Planning in Victoria, Australia. The agreement involves the development and support of a Concessions Entitlement Validation Platform (CEVP).

The platform aims to automate the concession entitlement process for public transport users, providing instant proof of concession entitlement and a passenger interface for applying for and managing concession entitlement. The financial details of the deal were not disclosed.

HCL Technologies cut its revenue forecast for the current financial year in October, attributing the adjustment to weaker-than-expected…

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NASA’s Groundbreaking Project To Integrate AI, Blockchain, & Nanosatellites


As part of pioneering the security of satellite communication in space, NASA is funding a groundbreaking project at the University of Miami’s Frost Institute for Data Science and Computing (IDSC) which will enable augmenting traditional large satellites with nanosatellites or constellations of nanosatellites.

These nanosatellites are designed to accomplish diverse goals, ranging from communication and weather prediction to Earth science research and observational data gathering. Technical innovation is a hallmark of NASA, a global leader in the development of novel technologies that enable US space missions and translate to a wide variety of applications from Space and Earth science to consumer goods and to national and homeland security.

With advances in satellite technology and reduced cost of deployment and operation, nanosatellites also come with significant challenges for the protection of their communication networks. Specifically, small satellites are owned and operated by a wide variety of public and private sector organizations, expanding the attack surface for cyber exploitation. The scenario is similar to Wi-Fi network vulnerabilities. These systems provide an opportunity for adversaries to threaten national security as well as raise economic concerns for satellite companies, operators, and users.

In the spring of 2023, a team of cybersecurity researchers from Thales, a multinational technology company, successfully hacked into the European Space Agency’s (ESA) nanosatellite, OPS-SAT, during the ESA’s cybersecurity exercise known as the Hack CYSAT challenge. This ethical hack attempt revealed potential vulnerabilities in satellite systems and aimed to understand the real impact of a cyberattack on space infrastructure.

Thales researchers were able to gain access to OPS-SAT’s onboard system using standard access rights, enabling control of its application environment. The intrusion allowed manipulation of the satellite’s global positioning system, attitude control system, and onboard camera. Exploiting vulnerabilities, the hackers injected malicious code, compromising data transmitted back to Earth and…

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Google: Malware Infected Streaming Devices Are Built on Android Open Source Project, Not Android TV


Google said Android-branded streaming devices sold through popular e-tail channels including Amazon, and loaded with adware out of the box are powered by Android Open Source Project software and not Android TV. 

“We have recently received questions regarding TV boxes that are built with Android Open Source Project and are being marketed to appear as Android TV OS devices,” Google said in a blog posted late last week. 

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