IoT MVNOs shift focus to value-added services

The IoT Mobile Virtual Network Operator (MVNO) market is experiencing a shift in strategy as connectivity revenue growth faces challenges. According to ABI Research, the increase in Low Power, Wide Area (LPWA) connections – coupled with disruptive pricing models and discounted connectivity rates – has impacted the profitability of connectivity services for virtual operators. Connectivity,…

8Base Group Deploying New Phobos Ransomware Variant via SmokeLoader

The threat actors behind the 8Base ransomware are leveraging a variant of the Phobos ransomware to conduct their financially motivated attacks. The findings come from Cisco Talos, which has recorded an increase in activity carried out by cybercriminals. “Most of the group’s Phobos variants are distributed by SmokeLoader, a backdoor trojan,” security researcher Guilherme Venere…