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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...

Hacker breached our network via employee Google account, says Cisco

Networking giant Cisco has admitted a cyber-security breach via the “successful compromise” of an employee’s personal Google account, saying that no data was compromised.

The attacker conducted a series of sophisticated voice phishing attacks under the guise of various trusted organisations attempting to convince the victim to accept multi-factor authentication (MFA) push notifications initiated by the attacker, the company’s own Cisco Talos threat research arm revealed in a blog post.

The incident occurred in May and since then, the company had been working to remediate the attack.

“During the investigation, it was determined that a Cisco employee’s credentials were compromised after an attacker gained control of a personal Google account where credentials saved in the victim’s browser were being synchronised,” wrote Cisco Talos.

The company said it has not identified any evidence suggesting that the attacker gained access to critical internal systems, such as those related to product development, code signing, etc.

“The threat actor was successfully removed from the environment and displayed persistence, repeatedly attempting to regain access in the weeks following the attack; however, these attempts were unsuccessful,” said Cisco.

According to the company, the attack was conducted by an adversary that has been previously identified as an initial access broker (IAB) with ties to the UNC2447 cybercrime gang, Lapsus$ threat actor group, and Yanluowang ransomware operators.

Lapsus$ is a threat actor group that is reported to have been responsible for several previous notable breaches of corporate environments.

Cisco said it implemented a company-wide password reset immediately upon learning of the incident.

The company did not observe ransomware deployment in this attack.

In many cases, threat actors have been observed targeting the backup infrastructure in an attempt to further remove an organisation’s ability to recover following an attack.

“Ensuring that backups are offline and periodically tested can help mitigate this risk and ensure an organisation’s ability to effectively recover following an attack,” said the company.

–IANS

The post Hacker breached our network via employee Google account, says Cisco appeared first on BGR India.



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