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Tag Archives for " ransomware "

Study reveals 2019’s darkest cyber-threats

Webroot has released its third annual Nastiest Malware list, shedding light on 2019’s worst cybersecurity threats.

From ransomware strains and crypto-mining campaigns that delivered the most attack payloads to phishing attacks that wreaked the most havoc, it’s clear that cyber threats across the board are becoming more advanced and difficult to detect.

Full article: #Privacy: Study reveals 2019’s darkest cyber-threats

Danish company reveals a possible ransomware loss of $95m

Demant, a hearing aid company, has revealed that it is expected to incur losses of up to $95 million, following a ransomware attack.

In a company announcement, on September 3, the company had experienced a critical incident on their internal IT Infrastructure.

In the announcement, the company stated that is was able to assess the financial impact of the incident, and it was found that the total negative financial impact on the firm ranged from DKK 550-560m ($80-95m). This figure also includes a deduction of DKK 100 ($15m) from insurance coverage.

Source: #Privacy: Danish company reveals a possible ransomware loss of $95m

New US ransomware bill passed

The US Senate has passed a bill that is aimed to protect public institutions like schools and law enforcement, from ransomware.

The DHS Cyber Hunt and Incident Response Teams Act would authorise the Department of Homeland Security (DHS) to create teams to help both private and public entities defend against attacks.

Additionally the cyber hunt and incident response teams, will provide support and technical advice, as well as provide incident response assistance.

Source: #Privacy: New US ransomware bill passed

DLA Piper and its insurers clash over multi-million NotPetya payout

Multinational law firm DLA Piper was hit in the crossfire as Russia-backed ransomware spread, and Hiscox is reportedly declining to pay up citing an “act of war”.

DLA Piper has started proceedings against Hiscox, saying that the insurance firm has failed to pay out for the damages and costs associated with the NotPetya attack – a claim which may amount to several million pounds.

Source: DLA Piper and its insurers clash over multi-million NotPetya payout

Cryptomining replaces ransomware as 2018’s top cybersecurity threat

Cryptomining has taken ransomware’s place as the top cybersecurity threat in 2018, according to Webroot’s Mid-Year Threat Report Update. Focusing on trends in the first half of 2018, the report discovered cyberattack vectors becoming increasingly advanced and sophisticated, according to the Tuesday press release for the report.

Full article: Cryptomining replaces ransomware as 2018’s top cybersecurity threat – TechRepublic

73% of CISOs companies resigned to data breaches are stockpiling cryptocurrency to pay off ransoms, survey reveals

In an evolving threat landscape, the report revealed that 73% of CISOs companies resigned to data breaches are stockpiling cryptocurrency to pay off ransoms; and the vast majority (79%) of stockpilers have actually paid a ransom.

Source: 73% of CISOs companies resigned to data breaches are stockpiling cryptocurrency to pay off ransoms, survey reveals

Ransomware reigns supreme in 2018, as phishing attacks continue to trick employees

Ransomware was the cause of 39% of malware-related data breaches, more than double that of last year, according to Verizon’s annual Data Breach Investigations Report.

This is the report’s 11th edition, analyzing more than 53,000 security incidents and 2,216 breaches from 65 countries.

Source: Ransomware reigns supreme in 2018, as phishing attacks continue to trick employees – TechRepublic

Recent DDoS attacks include buried ransom demands for Monero

Security researchers with the internet services company Akamai have noticed something unusual as they’ve responded to a spate of recent DDoS attacks. Buried beneath the traffic deluge designed to grind a target’s web traffic to a halt are ransom notes.

“It’s actually like a DDoS attack with a phishing attack with an extortion attack all rolled into one,” said Chad Seaman, a senior engineer with Akamai’s security intelligence response team, in an interview with Fortune. “When we saw it we were like, huh, clever bastards.”

Source: Recent DDoS attacks include buried ransom demands for Monero

Strategic cyber criminals likely to capitalise on GDPR

As cyber criminals concentrate on targeted, strategic, money-making attacks, they are likely to use GDPR fines as leverage to extort money from organisations, a report warns.

The past 12 months have seen an increase in ransomware, cryptocurrency mining and business email compromise attacks, according to the latest security roundup report by security firm Trend Micro.

Source: Strategic cyber criminals likely to capitalise on GDPR

Recent OCR Newsletter Highlights Growing Cyber Extortion Threat for Healthcare Organizations

The OCR’s January 2018 newsletter details specific types of cyber extortion that healthcare organizations are currently encountering, including ransomware, denial of service attacks, distributed denial of service attacks and theft of protected health information (PHI).

Source: Recent OCR Newsletter Highlights Growing Cyber Extortion Threat for Healthcare Organizations

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