Category Archives: Ransomware

An Outlook on the Cybercrime Epidemic – What Will 2018 Bring?

2017 was a year of firsts for the cybersecurity industry. For one, cybersecurity spending exceeded $86 billion, and is expected to surpass $1 trillion by 2021. We also experienced several cybersecurity disasters we had never seen before – think WannaCry, NotPetya, Wikileaks, Equifax – that made organizations around the world concerned for the state of their infrastructure’s security. These were not run of the mill, small breaches either, but rather viral leaks and full-blown campaign hacks exposing confidential customer information and government data. It was a year that elevated the topic of security to the very top across every industry.

While companies are racing to protect their organization’s data from future attacks, it is important to keep in mind that hackers are only getting smarter and more sophisticated.

Read more at: http://www.iotevolutionworld.com/iot/articles/435915-an-outlook-the-cybercrime-epidemic-what-will-2018.htm

Cyber security outlook ‘ominous’, says Centrify’s King

According to Centrify senior director APAC Sales, Niall King, while during 2017 Uber and Equifax opted to hold off reporting their respective data breaches, “this is not an option in Australia where mandatory data breach reporting legislation takes effect from February 2018″.

And despite ransomware and blockchain disruptions holding cyber crime risks, Centrify predicts that developments such as machine learning and Zero Trust models promise greater identity protection in 2018.

King described the immediate cyber security outlook for 2018 as ominous.




“While the risk is that things will get worse before they get better, Centrify is confident that emerging security models such as Zero Trust will enable organisations to rethink their cyber security,” he said.

“Embedding security bulwarks such as least privilege access, multi-factor authentication and machine learning-based risk assessment into

Read more at: https://www.itwire.com/security/81140-cyberecurity-outlook-ominous-says-centrify-s-king.html

Cyber threats are growing in size and stature, but system compromises are the new weak spot for businesses

With just a month until the year comes to an end, 2017 has seen some of the biggest and most dangerous leaks, hacks, ransoms and attacks of all time. Amongst many others, we saw the NHS hit by WannaCry, the email accounts of UK Parliament members exploited, and Equifax crippled by a data breach that allowed the personal information of nearly 150 million of its customers to be compromised.

Thanks to cyber security threats growing, not just in size, but also in maturity, and cyber criminals showing no signs of slowing down, organisations are busy determining how best to protect themselves against a multitude of risks.

Companies across every industry are aware that they can no longer turn a blind eye to the dangers to their digital and physical business, however the problem is that unless they are taking measures to defend against absolutely everything in the cyber landscape, it’s difficult for

Read more at: https://www.itproportal.com/features/cyber-threats-are-growing-in-size-and-stature-but-system-compromises-are-the-new-weak-spot-for-businesses/

Cyber threats are growing in size and stature, but system …

With just a month until the year comes to an end, 2017 has seen some of the biggest and most dangerous leaks, hacks, ransoms and attacks of all time. Amongst many others, we saw the NHS hit by WannaCry, the email accounts of UK Parliament members exploited, and Equifax crippled by a data breach that allowed the personal information of nearly 150 million of its customers to be compromised.

Thanks to cyber security threats growing, not just in size, but also in maturity, and cyber criminals showing no signs of slowing down, organisations are busy determining how best to protect themselves against a multitude of risks.

Companies across every industry are aware that they can no longer turn a blind eye to the dangers to their digital and physical business, however the problem is that unless they are taking measures to defend against absolutely everything in the cyber landscape, it’s difficult for

Read more at: https://www.itproportal.com/features/cyber-threats-are-growing-in-size-and-stature-but-system-compromises-are-the-new-weak-spot-for-businesses/

Aspect IT: What is Cyber Security?

What is Cyber Security?
Advertisement feature by Danielle Skinner, Digital Marketing Executive

CYBER Security is all about protecting against Cyber Crime. To make it less technical, cyber means online.

This article will explain what Cyber Security is and how you can make sure that you’re completely Cyber Secure.

Cyber Security: Anti-virus is a form of Cyber Security. It blocks out all viruses from entering your computer and making it slow, unresponsive and having your data stolen or manipulated.

Viruses are being created every day which is why your PC prompts you to keep software updated on a regular basis.

Unprotected PCs allow a virus to have unauthorised access and can make files inaccessible, steal your data and much more.

Ransomware is on the rise by online criminals who lock your data and make you pay a certain amount of money to get it back unharmed.

More businesses are being targeted which

Read more at: https://saddind.co.uk/aspect-it-what-is-cyber-security/

AI, machine learning and cyber-crime – an unholy trinity

 

Most people know about IoT, at least to the level of the need to monitor and control the hundreds and thousands of individual sensors and devices that go to make up a complete process or system. Most people will have also heard of ransomware. Many, either as individuals or IT staff in businesses, will have seen first-hand the consequences of an attack. Now stick the two ideas together.

That, in the opinion of Derek Manky, Global Security Strategist for Fortinet, is what is coming down the line at us all as the next major security threat. The combination will come in the form of Hivenets and Swarmbots, and the results could be far more targeted and focused attacks, based not on the basic process of breaking into a system with one malware exploit and launching an attack. Instead it will be based on inserting

Read more at: https://diginomica.com/2017/12/08/ai-machine-learning-cyber-crime-unholy-trinity/

Machine learning, the dark web and cybercrime – an unholy trinity

Most people know about IoT, at least to the level of the need to monitor and control the hundreds and thousands of individual sensors and devices that go to make up a complete process or system. Most people will have also heard of ransomware. Many, either as individuals or IT staff in businesses, will have seen first-hand the consequences of an attack. Now stick the two ideas together.

That, in the opinion of Derek Manky, Global Security Strategist for Fortinet, is what is coming down the line at us all as the next major security threat. The combination will come in the form of Hivenets and Swarmbots, and the results could be far more targeted and focused attacks, based not on the basic process of breaking into a system with one malware exploit and launching an attack. Instead it will be based on inserting

Read more at: https://diginomica.com/2017/12/08/ai-machine-learning-cyber-crime-unholy-trinity/

This ransomware asks victims to name their own price to get their files back

A form of ransomware which shares similarities with Locky and also comes with the option for infected victims to negotiate a price for retrieving their encrypted files.

Scarab ransomware was first uncovered in June, but during November, it was suddenly distributed in

Read more at: http://www.zdnet.com/article/this-ransomware-asks-victims-to-name-their-own-price-to-get-their-files-back/

‘New Mafia’ cyber attacks on businesses up 23 percent in 2017

A new report from anti-malware specialist Malwarebytes says that the volume and sophistication of cyber attacks is growing thanks to an increase in organized cyber crime it dubs the ‘New Mafia’.

Ransomware attacks up to the end of October have surpassed total figures for 2016 by 62 percent. In addition, there has been an almost 2,000 percent increase in ransomware detections since 2015 — rising to hundreds of thousands in September 2017 from less than 16,000 in September 2015.

“The ‘New Mafia’, identified by our report, is characterized by the emergence of four distinct groups of cyber criminals: traditional gangs, state-sponsored attackers, ideological hackers and hackers-for-hire,” says Marcin Kleczynski, CEO of Malwarebytes. “Through greater vigilance and a comprehensive understanding of the cyber crime landscape, businesses can support the efforts of legislators and law enforcement, while also taking action into their

Read more at: https://betanews.com/2017/12/08/new-mafia-cyber-attacks/