Davos 2026 revealed an elite world torn between ambition and anxiety as AI promises growth while threatening jobs, power grids and geopolitics. From warnings of mass workforce disruption to energy bottlenecks and strategic rivalry, leaders framed AI as both engine risk shaping decades ahead
The Everest ransomware group has breached ASRock Rack, a major server hardware vendor, stealing 509GB of sensitive data including firmware, BIOS, and other critical files. The breach creates a significant supply chain risk, potentially allowing attackers to embed vulnerabilities in server hardware.
Berlin-based GeneralMind, founded by the team behind German unicorn Razor Group, has secured $12 million in pre-seed funding to develop its AI-driven "System of Action" for automating enterprise workflows. The platform acts as an autopilot for repetitive white-collar tasks across ERPs and email.
LockBit resurfaced days after a global takedown, relaunching on the dark web. While the group's return underscores the difficulty of permanent disruption, experts still view the takedown as a major win for law enforcement.
On the 20th of February this year, a coalition of international law enforcement agencies disrupted LockBit - a prolific ransomware group involved in several recent cyber incidents, such as the DP World hack and Citrix Bleed Vulnerability.
The action was hailed as a major win for cyber security institutions around the world as LockBit had become increasingly prolific in recent years, supplying ransomware as a service.
However, just 6 days later LockBit resurfaced on the darkweb and launched a new site shortly after a recent global law enforcement effort dismantled their infrastructure.
Despite the takedown, the group's leader posted a message and re-listed alleged victim organisations on the new site.
However, it appears that most, if not all, of the victims listed on the new site were targeted before the law enforcement takedown, suggesting that authorities may be able to provide decryptors for these victims. The FBI has not yet commented on the situation.
But it’s not all bad news, the takedown is still regarded as a major win for law enforcement and cyber security agencies with Emsisoft threat analyst Brett Callow stating:
“This doesn’t mean the disruption was a failure,” - “The fact is that LockBit, as a brand, is probably dead. It’s unlikely that anybody would trust an operation that was so completely compromised.”
According to The Hacker News, LockBit may already be in damage control having removed EquiLend and Ernest Healthcare from its data leak site as of February 29 2024, a promising sign for organisations globally.
“Bottom line: this was a very big win for the good guys. That said, this does highlight the challenges law enforcement face,” - “Some groups have cockroach-like resilience and permanently taking them out of action is far from easy.” - Brett Callow
ASIO’s $12.5 billion espionage warning is more than a tally of stolen secrets. It reveals a national digital crisis. With 24 major spy operations disrupted and identity systems exposed, Australia’s critical infrastructure and social services face a growing risk of collapse from unseen cyber threats.
Asia-Pacific faces escalating cyber threats: Qantas breach exposes 6M records, ransomware surges 57%, Japan doubles cybersecurity workforce by 2030. Singapore implements anti-scam laws, Indonesia establishes AI task force. Aviation sector under coordinated attack by Scattered Spider group.
Qantas has confirmed a cyberattack exposing data from six million customers. Cybersecurity experts link the breach to the Scattered Spider group, known for targeting critical infrastructure. The incident highlights rising threats across the global aviation sector.
Asia-Pacific faced over one-third of all cyberattacks in 2024, making it the world’s top target. From manufacturing breaches to talent shortages and rising ransomware, CNC investigates how a region of digital ambition became cybercrime’s global epicentre.
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