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Symantec Discovers Highly Sophisticated Chinese Hacking Tool

In its research report, Symantec calls the tool Daxin and describes it as the most advanced piece of malware researchers have seen.

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symantec discovers highly sophisticated chinese cyber espionage tool

In August 2021, the Cybersecurity and Infrastructure Security Agency (CISA) established the Joint Cyber Defense Collaborative (JCDC), a public-private cybersecurity information sharing partnership whose purpose is to unify defensive actions and drive down risk in advance of cyber incidents occurring. Now, one JCDC member, American cybersecurity software company Symantec, has discovered a never-before-seen hacking tool that has been successfully hiding for over a decade.

In its research report, Symantec calls the tool Daxin and describes it as the most advanced piece of malware Symantec researchers have seen.

Based on instances where components of the tool were combined with known Chinese hacking infrastructure, it’s almost certain that Daxin has originated from China. What’s more, the computers on which Daxin was discovered were also infected with other tools Chinese espionage actors are known to use.

symantec daxin methodology

“The malware appears to be used in a long-running espionage campaign against select governments and other critical infrastructure targets” explains Symantec’s Treat Hunter Team. “Most of the targets appear to be organizations and governments of strategic interest to China”.

Daxin allows attackers to perform various communications and data-gathering operations, and it appears to be optimized to perform especially well against hardened targets that can withstand less sophisticated attacks.

Also Read: How To Change Your Wi-Fi Password To Keep Intruders At Bay

“Daxin can be controlled from anywhere in the world once a computer is actually infected” said Vikram Thakur, a technical director with Symantec. “That’s what raises the bar from malware that we see coming out of groups operating from China”.

Since the initial discovery of Daxin, the U.S. government has shared the information with foreign partners to collectively stop the tool from spreading from country to country and from network to network.

So far, no organization in the United States has been infected by Daxin, but previous experience with malware like NotPetya, which was created by Russia to attack Ukrainian infrastructure, tells us that heightened caution is appropriate.

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World’s Largest Metaverse Developer Opens Dubai Office

LandVault, the largest metaverse creator, is expanding its presence into the MENA region.

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world's largest metaverse developer opens dubai office

LandVault, the world’s largest metaverse developer, will expand operations to Dubai later this month as part of an ongoing strategy to boost its presence in the MENA region. The company aims to help local businesses gain a foothold in the expanding web 3.0 universe and sees exciting opportunities to bolster its client portfolio.

So far, metaverse developer LandVault has lived up to its name, creating and curating over 100 square feet of virtual space for a diverse range of organizations, including the nearby Yas Marina Circuit, Aldar, Mastercard, Standard Chartered, World of Women, Hershey’s, and many more.

The Dubai government’s Metaverse Strategy is one of the key reasons LandVault has been inspired to move to the region, as leaders plan to transform the Emirate into one of the world’s top 10 metaverse economies by 2030. Eventually, it’s hoped that in excess of 1,000 companies in the blockchain and web 3.0 spaces will be inspired to set up entities in the region, creating around 40,000 new jobs in the process.

Also Read: Best Music Streaming Services In The Middle East

“We are excited to open our office in Dubai and to be a part of the vibrant tech community in the UAE. The MENA region is a key market for us, and we believe that our presence in Dubai will allow us to assist the region and explore new opportunities. We are also excited about the potential for the metaverse in the real estate industry in the UAE. We look forward to working with developers and real estate companies to showcase their properties in a new and innovative way,” says Sam Huber, CEO of LandVault.

Alongside developing the metaverse from its new Dubai office, LandVault will also deploy its technology to assist the UAE’s real estate sector. Developers will soon be able to showcase their projects in a way that was never previously possible, reaching a much wider audience with immersive and interactive property tours and even virtual showrooms.

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