Category Archives: Ransomware

North Korea Already Has a Devastating Weapon: Cyber attacks

As tensions rise over North Korea’s potential nuclear missile threat, U.S. officials and outside experts are increasingly concerned the rogue regime will respond to international pressure by lashing out with a weapon it has already mastered: cyber attacks that can disable corporate networks, steal money from banks and potentially disrupt critical infrastructure.

American intelligence officials have long ranked North Korea as one of the world’s more dangerous cyber actors, trailing only Russia, China and Iran among U.S. adversaries in its ability to inflict damage via computer networks.

In the best known incident in 2014, U.S. intelligence officials say, North Korean hackers attacked Sony Pictures, destroying corporate computers and disclosing sensitive company data. The U.S. accused North Korea of carrying it out in response to a film lampooning North Korean leader Kim Jong-un.

Experts say North Korea could deploy the same techniques to inflict harm not just on one company, but on the American

Read more at: http://www.kvoa.com/story/36175961/north-korea-already-has-a-devastating-weapon-cyber-attacks

How online scams happen and how to avoid them

Earlier this week, reports emerged that a 72-year old Mumbai man had been duped of nearly Rs 2 crore by online scammers.

A person claiming to be a US Army official posted in Afghanistan had sent the victim a friend request on Facebook and lured him into putting his money in a “lucrative investment scheme “which turned out to be a bogus one. The cyber crime police suspect a Nigerian gang of online scammers behind this fraud and are investigating the case.


(Also read:
Mumbai man loses Rs 2 crore online, cops find 108 fake bank accounts
)

Going Phishing

Phishing scams have been steadily rising. Between October 2015 and March 2016 there was a whopping 250 per cent rise in phishing attacks, according to The Anti-Phishing Working

Read more at: http://timesofindia.indiatimes.com/business/india-business/how-online-scams-happen-and-how-to-avoid-them/articleshow/60131790.cms

MtGox, BTC-e, and the Missing Coins: A living timeline of the greatest cyber crime ever

7 February 2014 — MtGox halted all BTC withdrawals from the exchange, citing a transaction malleability bug in the core Bitcoin software. When withdrawals had still not resumed after 2 weeks, users began to suspect that MtGox may not be able to pay its customers. This lack of confidence resulted in the price dropping to below 20% of that on other exchanges.

24 February 2014 — MtGox suspended all trading, then went offline completely, returning a blank page. News outlets reported on a leaked “crisis strategy draft” plan, which declared MtGox’s insolvency after losing 744,408 BTC of customer funds (valued at over $2 billion USD at today’s prices) as well as 100,000 of its own bitcoins.

28 February 2014 — Blaming hackers and technical issues for the missing BTC, MtGox filed for bankruptcy protection in Tokyo, and in the US two weeks later,

Read more at: https://bravenewcoin.com/news/mtgox-btc-e-and-the-missing-coins-a-living-timeline-of-the-greatest-cyber-crime-ever/

Petya ransomware: Cyber attack costs could hit $300m for shipping giant Maersk

maersk.jpg

Maersk shut down a number of its operations due to the Petya cyber attack.


Image: Moller-Maersk Group

Falling victim to the global Petya cyber attack is set to cost Maersk, the world’s largest container ship and supply vessel operator, up to $300m in lost revenues.

The Danish transport and logistics conglomerate

Read more at: http://www.zdnet.com/article/petya-ransomware-cyber-attack-costs-could-hit-300m-for-shipping-giant-maersk/

Do-it-yourself cyber security: Tips to detect, protect

What can you do to protect against hackers when risks pop up seemingly overnight to compromise your security and identity? To find out about the threats, and what you can do to ward off hacking, the Orlando Sentinel Editorial Board spoke with Blake Dowling, CEO of Ageis Business Technologies in Tallahassee, who writes tech columns for several organizations and can be reached at dowlingb@aegisbiztech.com

Q: There have been some high-profile ransomware attacks in recent months. Can computer users who aren’t experts be trained to identify these threats?

A: Anyone can be trained to spot online threats, and training is a key component to battling cyber crime. There is no magic bullet to stop all malicious online behavior, so users must step up their game and be able to recognize threats to their organizations and their data. Cyber common sense also comes into play: If you get an

Read more at: http://www.orlandosentinel.com/opinion/os-ed-hack-attack-safeguard-your-data-security-20170814-story.html

Do-it-yourself cyber security: Tips to detect, protect – Orlando Sentinel

What can you do to protect against hackers when risks pop up seemingly overnight to compromise your security and identity? To find out about the threats, and what you can do to ward off hacking, the Orlando Sentinel Editorial Board spoke with Blake Dowling, CEO of Ageis Business Technologies in Tallahassee, who writes tech columns for several organizations and can be reached at dowlingb@aegisbiztech.com

Q: There have been some high-profile ransomware attacks in recent months. Can computer users who aren’t experts be trained to identify these threats?

A: Anyone can be trained to spot online threats, and training is a key component to battling cyber crime. There is no magic bullet to stop all malicious online behavior, so users must step up their game and be able to recognize threats to their organizations and their data. Cyber common sense also comes into play: If you get an

Read more at: http://www.orlandosentinel.com/opinion/os-ed-hack-attack-safeguard-your-data-security-20170814-story.html

Wine business relief for health care, cyber crime costs

As health care costs continue to climb and risks of losing customer information to cyber attacks grow, there is some relief coming to wine-related businesses that want to be indemnified against these headaches.

In health insurance, at a time when average increases for plans coming up for 2018 renewal are 11 percent nationally, Woodruff Sawyer Co. in early August worked out underwriting with Anthem Blue Cross of California that won’t bring any increases for the eight plans in the brokerage’s 5-year-old Wine Industry Employee Benefits Collective program, according to Jim Settles, Woodruff Sawyer’s North Bay employee benefits practice leader.

“There is a lot of turmoil in the health care business,” Settles said. “We do not expect Congress to get a lot done. Many carriers are concerned with the risks they’re taking in the state exchanges and whether

Read more at: http://www.northbaybusinessjournal.com/northbay/sonomacounty/7283870-181/wine-health-cyber-insurance

A Cyber Security Investment Strategy For The Future

Investment Thesis

The cyber security industry has picked up steam lately and is a good way sector within the technology industry to become invested in. Many stocks and ETFs in this area have seen some of the best returns in the market, from small-cap businesses like Zix (ZIXI), to large-caps like Symantec (SYMC) and Check Point (CHKP). Cyber security ETFs are a new way to gain exposure to this field and are a good alternative to individual stocks for people who want to get involved in a growing sector without having to keep up with the fast pace.

Trends

Cyber security is becoming increasingly essential the more devices that are connected to the Internet. Cyber attacks are also increasing at a rapid rate, the most recent large-scale attack being the Petya ransomware attack.

Read more at: https://seekingalpha.com/article/4099083-cyber-security-investment-strategy-future

Cumbria’s expert advice on tackling cyber crime

Efforts are intensifying to quell the threat of cyber criminals causing chaos for businesses in Cumbria.

Crimefighters are joining forces with company chiefs to champion critical safety measures to stop hackers and conmen cashing in on vulnerable firms.

Carlisle Ambassadors, Cumbria Police and the county’s police and crime commissioner are hosting a special Get Safe Online event to raise awareness.

It will feature a number of security experts talking at The Halston, Carlisle, between 10am and 12pm on September 28.

They will highlight how businesses can protect themselves from cyber attack following a string of high-profile cases.

Mark Webster, Cumbria’s assistant chief constable, said: “Cyber-crime is an increasingly evolving problem and it is important that we educate the public in order to prevent them from becoming victims.

“Businesses are integral to our community and we look forward to this event which will hopefully equip them with the knowledge needed to protect them from cyber-crime.”

Crime commissioner Peter

Read more at: http://www.newsandstar.co.uk/news/Cumbrias-expert-advice-on-tackling-cyber-crime-9192ee01-c26d-4c7e-8d9f-77b32505dbf1-ds

Cumbria’s expert advice on tackling cyber crime | News & Star

Efforts are intensifying to quell the threat of cyber criminals causing chaos for businesses in Cumbria.

Crimefighters are joining forces with company chiefs to champion critical safety measures to stop hackers and conmen cashing in on vulnerable firms.

Carlisle Ambassadors, Cumbria Police and the county’s police and crime commissioner are hosting a special Get Safe Online event to raise awareness.

It will feature a number of security experts talking at The Halston, Carlisle, between 10am and 12pm on September 28.

They will highlight how businesses can protect themselves from cyber attack following a string of high-profile cases.

Mark Webster, Cumbria’s assistant chief constable, said: “Cyber-crime is an increasingly evolving problem and it is important that we educate the public in order to prevent them from becoming victims.

“Businesses are integral to our community and we look forward to this event which will hopefully equip them with the knowledge needed to protect them from cyber-crime.”

Crime commissioner Peter

Read more at: http://www.newsandstar.co.uk/news/Cumbrias-expert-advice-on-tackling-cyber-crime-9192ee01-c26d-4c7e-8d9f-77b32505dbf1-ds