Tag Archives: attack

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/

Chinese hackers attack Gurugram company

The Millennium City witnessed its first case of Ransomware attacks by Chinese hackers with two cases coming to light recently. A city-based clothing company has reported to the Gurugram police that the hackers had demanded Rs 25 lakh from them as ransom. The other case involved a ransom demand of Rs 20,000.

During the probe, the Gurugram cyber crime cell came to know that the Chinese hackers were behind the attacks. “It is quite a difficult to nab the Ransomware attackers as the attack was related to China and it can not be tracked unless Chinese authorities assist Indian agencies to crack the case,” said a police officer on the condition of anonymity.

Meanwhile, this year till July the Gurugram Cyber Crime Cell has received 2,004 complaints related to ATM fraud, credit cards, debit cards, e-mail hacking and hacking of Facebook accounts. Around 1,168 complaints have been disposed off so far.

Around 836

Read more at: http://www.dailypioneer.com/city/chinese-hackers-attack-gurugram-company.html

$30000 bail set for UK hacker who stopped WannaCry ransomware attack

A US judge in Las Vegas set a $30,000 bail for a well-known British cyber security researcher accused of advertising and selling malicious code used to pilfer banking and credit card information.

Marcus Hutchins, 23, gained celebrity status within the hacker community in May when he was credited with neutralising the global WannaCry ransomware attack.

His attorney, Adrian Lobo, told reporters that Hutchins was not released on Friday because the clerk’s office for the court closed 30 minutes after his hearing concluded, leaving his defence team not enough time to post the bail.

Lobo told a local NBC affiliate that Hutchins would be released on Monday and that she expected him to be on a flight on Tuesday to Wisconsin, where a six-count indictment against him was filed in the US District Court. He was receiving support from a “variety of sources” around the world to post his bail, she said.

Judge Nancy Koppe

Read more at: http://www.hindustantimes.com/world-news/30-000-bail-set-for-uk-hacker-who-stopped-wannacry-ransomware-attack/story-ydJ4qFcZDUNBezZ2LkWRkL.html

BREAKING: British man who halted NHS ransomware cyber attack arrested in US

The US Department of Justice said he had been arrested for his alleged involvement in a separate matter.

A statement read: “Marcus Hutchins… a citizen and resident of the United Kingdom, was arrested in the United States on 2 August, 2017, in Las Vegas, Nevada, after a grand jury in the Eastern District of Wisconsin returned a six-count indictment against Hutchins for his role in creating and distributing the Kronos banking Trojan.

“The charges against Hutchins, and for which he was arrested, relate to alleged conduct that occurred between in or around July 2014 and July 2015.”

Read more at: http://www.express.co.uk/news/world/836711/Wannacry-ransomware-NHS-cyber-attack-Marcus-Hutchins-arrested-Las-vegas-hacker

Sarasota, Fla.’s 2016 Ransomware Attack was Worst in City’s History

(TNS) — SARASOTA, Fla. — A cyber attack that crippled Sarasota City Hall computer systems early last year was far more severe than previously reported publicly, a newly released administrative review reveals.

The “ransomware” virus was the worst cyber attack in the city’s history, encrypting 160,000 city files and demanding up to $33 million in the virtual currency Bitcoin to unlock them.

Only swift action from the city’s information technology staff to literally “pull the plug” on the government’s network saved the city from catastrophic data loss and financial cost, according to the investigation.

“In 25 years, that’s the worst disaster I’ve ever encountered. … It was an end-of-life event from the IT perspective,” City IT Director Herminio Rodriguez told city investigators.

The February 2016 attack was contained in a matter of hours and IT staff’s all-nighter restored the system by the next morning. It was only first publicly

Read more at: http://www.govtech.com/security/Sarasota-Flas-2016-Ransomware-Attack-was-Worst-in-Citys-History.html

The City of Sarasota, a ransomware attack, ISIS and the FBI – Sarasota Herald

It’s a bizarre series of events that included an Islamic State propaganda video, Russian hacking and, ultimately, a criminal investigation.

SARASOTA — A cyber attack that crippled Sarasota City Hall computer systems early last year was far more severe than previously reported publicly, a newly released administrative review reveals.

The “ransomware” virus was the worst cyber attack in the city’s history, encrypting 160,000 city files and demanding up to $33 million in the virtual currency Bitcoin to unlock them. 

Only swift action from the city’s information technology staff to literally “pull the plug” on the government’s network saved the city from catastrophic data loss and financial cost, according to the investigation.

“In 25 years, that’s the worst disaster I’ve ever encountered. … It was an end-of-life event from the IT perspective,” City IT Director Herminio Rodriguez told city investigators.

The February 2016 attack was contained

Read more at: http://www.heraldtribune.com/news/20170728/city-of-sarasota-ransomware-attack-isis-and-fbi

With some small business coming under cyber attack 1000 times a day, how can they fight back?

The NHS, JP Morgan and Sony have been the victims of attacks ranging from phishing and hacking scams to steal data or passwords, to malware and ransomware where systems are locked until cash is paid to cyber criminals.

With the spotlight firmly on cyber security, Coutts has embedded it firmly into its digital agenda. “Our client’s security and the security of their businesses is our number one priority” explains Lalit Sharma, Head of Digital Delivery at Coutts, “but this doesn’t mean that our clients need to suffer a more difficult or less convenient user experience”. CouttsID has been a prime example of how Coutts has married security and simplicity into one seamless experience, “CouttsID provides all of our clients, including our SME and business owners, with a simple and highly secure way to use Coutts Online”.

It is not just large companies that are exposed to cyber-attacks. Many of our clients are

Read more at: https://www.coutts.com/insight-articles/news/2017/cyber-crime-is-your-business-vulnerable.html

CISCO Warns on Rise of ‘Destruction of Service’ Attack Threats

The Cisco 2017 Midyear Cyber security Report (MCR) uncovers the rapid evolution of threats and the increasing magnitude of attacks, and forecasts potential “destruction of service” (DeOS) attacks. These could eliminate organizations’ backups and safety nets, required to restore systems and data after an attack. Also, with the advent of the Internet of Things (IoT), key industries are bringing more operations online, increasing attack surfaces and the potential scale and impact of these threats.

Recent cyber incidents such as WannaCry and Nyetya show the rapid spread and wide impact of attacks that look like traditional ransomware, but are much more destructive. These events foreshadow what Cisco is calling destruction of service attacks, which can be far more damaging, leaving businesses with no way to recover.

The IoT continues to offer new opportunities for cyber criminals, and its security weaknesses, ripe for exploitation, will play a central role in enabling these campaigns with escalating

Read more at: http://www.dqindia.com/cisco-warns-on-rise-of-destruction-of-service-attack-threats/

Global cyber attack could spur $68 billion in losses: Lloyd’s of London

A major, global cyber attack could trigger an average of $US53 billion ($68 billion) of economic losses, Lloyd’s of London said on Monday.

The figure is on par with a catastrophic natural disaster such as US Superstorm Sandy in 2012 and more than five times the cost recorded for the devastating 2011 Queensland floods. 

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WannaCry ransomware attack: A look at other major cyber breaches …

A massive worldwide cyberattack over the weekend crippled government and infrastructure in more than 150 countries — including Britain’s hospital system and Germany’s railways — in what is expected to be the largest online extortion attack ever recorded.

Rob Wainright, director of the Netherlands-based Europol, called the global reach of the attack “unprecedented and beyond what we have seen before.”

“At the moment, we are in the face of an escalating threat. The numbers are going up,” Wainright said. “I am worried about how the numbers will continue to grow when people go to work and turn on their machines on Monday morning.”

Hundreds of thousands of computers were infected by the ransomware cyberattack — in which hackers extorted users for currency to unencrypt their data — in more than 150 countries, according to the BBC

While this weekend’s attack could be the largest to date, cyber crime has

Read more at: http://www.foxnews.com/tech/2017/07/10/wannacry-ransomware-attack-look-at-other-major-cyber-breaches-hackings.html