Tag Archives: attacks

2018 Predictions – From Cryptocurrency Mining To ‘Fileless’ Attacks

Wide spread cryptocurrency mining

Cryptocurrency mining will become one of the major monetisation avenues for attackers as more and more attacks and malware include mining functionality to generate revenue. In particular a focus will be on in-browser mining that will be the result of website attacks. A simple few lines of Javascript can cause visiting browsers to ‘mine’ cryptocurrency while on the affected sites. This is occurring now, but isn’t as widespread as it likely will be next year.

An increase in DDoS attacks

The return of mega DDoS attacks via IoT powered botnets is likely in 2018. These have been pretty silent compared to last year’s attack against Dyn that took down many commonly used services but could come back in a more nefarious way. The next wave could potentially affect large swathes of Internet services either by design or as collateral damage from another entity being hit due to the

Read more at: https://www.informationsecuritybuzz.com/articles/2018-predictions-cryptocurrency-mining-fileless-attacks/

Innovation key to halt cyber attacks

Current cyber defence technologies from standard suppliers are unlikely to be able to protect organisations in five years’ time, said Ian Levy, technical director at the NCSC.

“We need innovation. We need different ways of thinking about this,” he told the launch of the second GCHQ Cyber Accelerator in London.

More than 100 cutting-edge cyber security entrepreneurs and startup firms applied to join

Read more at: http://www.computerweekly.com/news/450431617/Innovation-key-to-halt-cyber-attacks

‘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/

UK Banks Under-Reporting Successful Cyber Attacks: Regulator

UK banks still aren’t telling regulators about all the cyber attacks on the financial services industry despite a ten-fold increase in reports to the Financial Conduct Authority over the last four years.

“Our suspicion is that there’s currently a material under-reporting of successful cyber attacks,” Megan Butler, the FCA’s director of supervision, said in a speech Tuesday, according to a copy of her remarks on the regulator’s website. “The number of breaches relayed back to us looks modest when you set it against the number of attacks on the industry.”

The number of material attacks reported by firms to the FCA has grown to 49 this year from five in 2014, as hacks become one of the biggest threats to the safety of the financial services industry. The type of hacks is also increasingly concerning for regulators and firms with ransomware making up 17 percent of attacks reported to the regulator,

Read more at: https://www.insurancejournal.com/news/international/2017/12/07/473399.htm

UK banks hiding cyber attacks

UK banks still aren’t telling regulators about all the cyber attacks on the financial services industry despite a ten-fold increase in reports to the Financial Conduct Authority over the last four years, writes Suzi Ring.

“Our suspicion is that there’s currently a material under-reporting of successful cyber attacks,” Megan Butler, the FCA’s director of supervision, has said.

“The number of breaches relayed back to us looks modest when you set it against the number of attacks on the industry,” she said.

The number of material attacks reported by firms to the FCA has grown to 49 this year from five in 2014, as hacks become one of the biggest threats to the safety of the financial services industry. The type of hacks is also increasingly concerning for regulators and firms with ransomware making up 17% of attacks reported to the regulator, according to Ms Butler.

The FCA opened an investigation in October into the hack

Read more at: http://www.irishexaminer.com/breakingnews/business/uk-banks-hiding-cyber-attacks-817517.html

UK Banks Aren’t Telling Regulators About All Cyber Attacks

U.K. banks still aren’t telling regulators about all the cyber attacks on the financial services industry despite a ten-fold increase in reports to the Financial Conduct Authority over the last four years.

“Our suspicion is that there’s currently a material under-reporting of successful cyber attacks,” Megan Butler, the FCA’s director of supervision, said in a speech Tuesday, according to a copy of her remarks on the regulator’s website. “The number of breaches relayed back to us looks modest when you set it against the number of attacks on the industry.”

The number of material attacks reported by firms to the FCA has grown to 49 this year from five in 2014, as hacks become one of the biggest threats to the safety of the financial services industry. The type of hacks is also increasingly concerning for regulators and firms with ransomware making up 17 percent of attacks reported to the regulator, according to

Read more at: https://www.bloomberg.com/news/articles/2017-12-05/u-k-banks-aren-t-telling-regulators-about-all-cyber-attacks

U.K. Banks Aren’t Telling Regulators About All Cyber Attacks …

U.K. banks still aren’t telling regulators about all the cyber attacks on the financial services industry despite a ten-fold increase in reports to the Financial Conduct Authority over the last four years.

“Our suspicion is that there’s currently a material under-reporting of successful cyber attacks,” Megan Butler, the FCA’s director of supervision, said in a speech Tuesday, according to a copy of her remarks on the regulator’s website. “The number of breaches relayed back to us looks modest when you set it against the number of attacks on the industry.”

The number of material attacks reported by firms to the FCA has grown to 49 this year from five in 2014, as hacks become one of the biggest threats to the safety of the financial services industry. The type of hacks is also increasingly concerning for regulators and firms with ransomware making up 17 percent of attacks reported to the regulator, according to

Read more at: https://www.bloomberg.com/news/articles/2017-12-05/u-k-banks-aren-t-telling-regulators-about-all-cyber-attacks

A giant botnet behind one million malware attacks a month just got shut down

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Image: iStock

A major botnet operation incorporating millions of PCs and associated with over 80 different malware families has been taken down in an international cyber operation.

Authorities including the FBI, Europol’s European Cybercrime centre (EC3), the Joint Cybercrime Action Task Force, the Luneburg Central Criminal Investigation Inspectorate in

Read more at: http://www.zdnet.com/article/a-giant-botnet-behind-one-million-malware-infections-a-month-just-got-shut-down/

Malicious insiders and DDoS attacks cost UK business the most

Attacks involving malicious insiders cost UK businesses an average of £144,501, according to a study by the Ponemon Institute commissioned by professional services firm Accenture.  

Distributed denial of service (DDoS) attacks have

Read more at: http://www.computerweekly.com/news/450431236/Malicious-insiders-and-DDoS-attacks-cost-UK-business-the-most