Tag Archives: wannacry

WannaCry, NotPetya and the New Age of Cyber Warfare

WannaCry, NotPetya and the New Age of Cyber Warfare

WannaCry and NotPetya marked a turning point in cyber warfare — one that demands a different response from conventional malware threats.

Here we see old-school worm outbreaks, the type that plagued networks in the late 1990s and early 2000s, combined with modern payloads designed to steal money and disrupt government systems.

We don’t know exactly what drives the re-emergence of worms outbreaks, but I believe we’re witnessing the testing of early prototypes for cyber warfare development programs. It’s similar to detecting underground nuke tests, like those we see in North Korea.

If that is indeed what’s going on, every industrial sector and global economy must take notice and start adapting.

Lessons of Code Red and Nimda

I started my tour at DARPA in 2002, not long after the Code Red and Nimda worms were unleashed on the world,

Read more at: https://www.scmagazine.com/wannacry-notpetya-and-the-new-age-of-cyber-warfare/article/701209/

Total WannaCry losses pegged at $4 billion

Ransomware attacks have reached a new peak this year, with WannaCry causing estimated global financial and economic losses of up to $4 billion and infecting 300,00 machines around the world, according to Trend Micro’s security and threats report.

2017s WannaCry and Petya attacks show that cybercriminals are upping their game and diversifying methods to exploit the increasing inter-connectivity of global businesses.

Trend Micro estimates that by 2018, over a million industrial robots will be employed in factories around the world; tests have shown how industrial robots can be compromised through exposed industrial routers or other vulnerabilities.

This year’s systemic ransomware attacks have demonstrated that cyber crime has already reached the same levels of catastrophic loss associated with natural catastrophes or some of the major risks re/insurers cover.

The capabilities of cybercrime to disrupt the value chain on all levels will continue to dramatically

Read more at: https://www.reinsurancene.ws/total-wannacry-losses-pegged-4-billion/

Total WannaCry losses pegged at $4 billion – Reinsurance News

Ransomware attacks have reached a new peak this year, with WannaCry causing estimated global financial and economic losses of up to $4 billion and infecting 300,00 machines around the world, according to Trend Micro’s security and threats report.

2017s WannaCry and Petya attacks show that cybercriminals are upping their game and diversifying methods to exploit the increasing inter-connectivity of global businesses.

Trend Micro estimates that by 2018, over a million industrial robots will be employed in factories around the world; tests have shown how industrial robots can be compromised through exposed industrial routers or other vulnerabilities.

This year’s systemic ransomware attacks have demonstrated that cyber crime has already reached the same levels of catastrophic loss associated with natural catastrophes or some of the major risks re/insurers cover.

The capabilities of cybercrime to disrupt the value chain on all levels will continue to dramatically

Read more at: https://www.reinsurancene.ws/total-wannacry-losses-pegged-4-billion/

This malware just got more powerful by adding the WannaCry trick to its arsenal

istock-zurich-switzerland.jpg

Swiss banks represent a lucrative target for cybercriminals.


Image: Getty

A trojan banking malware campaign has returned and now it’s leveraging EternalBlue — the leaked NSA surveillence exploit — to target Swiss financial institutions.

Developed by the NSA but revealed to the world by a hacking group, the EternalBlue Windows security flaw

Read more at: http://www.zdnet.com/article/this-malware-just-got-more-powerful-by-adding-the-wannacry-trick-to-its-arsenal/

Bigger than WannaCry: A giant cyber attack will happen unless we rethink security, says GCHQ

cybercrime-stock-image.jpg

Hackers are attempting to launch huge cyber attacks, warns the NCSC


Image: Getty

The UK should be prepared for an major cyber attack that will dwarf the chaos of the WannaCry ransomware incident, an expert from GCHQ’s National Cyber Security Centre has warned.

The NCSC — the arm of GCHQ responsible

Read more at: http://www.zdnet.com/article/bigger-than-wannacry-a-giant-cyber-attack-will-happen-unless-we-rethink-security-says-gchq/

Bigger than WannaCry: A giant cyber attack will happen unless we …

cybercrime-stock-image.jpg

Hackers are attempting to launch huge cyber attacks, warns the NCSC


Image: Getty

The UK should be prepared for an major cyber attack that will dwarf the chaos of the WannaCry ransomware incident, an expert from GCHQ’s National Cyber Security Centre has warned.

The NCSC — the arm of GCHQ responsible

Read more at: http://www.zdnet.com/article/bigger-than-wannacry-a-giant-cyber-attack-will-happen-unless-we-rethink-security-says-gchq/

The looming cyber threat – it makes you WannaCry

By James Penn

In tumultuous international times, New Zealand’s executives are more concerned about the impact of cyber crime than high-profile issues such as nuclear instability and “the Trump factor”.

The threat is so significant some companies are even “attacking” themselves to identify weaknesses before hackers are able to do so.

Asked to rate 14 international issues on a scale of 1-10 in terms of impact on business confidence in New Zealand, respondents reflected mixed views: 10 of the 14 issues rate somewhere between 5 and 6.5 on average.

However, cyber crime sat head and shoulders above the rest with an average impact rating of 7.64; over a point above the next most impactful issue (“Trump factor”, 6.47).

A managing director in the logistics sector argued cyber crime is “the biggest threat to business continuity that exists

Read more at: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11921142

The looming cyber threat – it makes you WannaCry – NZ Herald

By James Penn

In tumultuous international times, New Zealand’s executives are more concerned about the impact of cyber crime than high-profile issues such as nuclear instability and “the Trump factor”.

The threat is so significant some companies are even “attacking” themselves to identify weaknesses before hackers are able to do so.

Asked to rate 14 international issues on a scale of 1-10 in terms of impact on business confidence in New Zealand, respondents reflected mixed views: 10 of the 14 issues rate somewhere between 5 and 6.5 on average.

However, cyber crime sat head and shoulders above the rest with an average impact rating of 7.64; over a point above the next most impactful issue (“Trump factor”, 6.47).

A managing director in the logistics sector argued cyber crime is “the biggest threat to business continuity that exists

Read more at: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11921142

Shadow IT could be why businesses “wannacry” – IT

There are mixed opinions about implementing unauthorised, IT applications (apps) within the organisation, a practice known as Shadow IT. Simeon Tassev, MD and QSA at Galix Networking, examines the issue.
Opinion on Shadow IT is divided into two camps. Some believe that due to the fast pace of business, demands are exceeding IT capability, Shadow IT answers the need for fast, agile solutions and encourages innovative thinking. However, others suppose that Shadow IT causes a breakdown in traditional yet necessary processes, opening up the scope for risk.
While the market has driven the need for Shadow IT to play a role, the risks cannot be overstated. There has been a significant rise in cyber-crime activity over the last few months, with malware such as the WannaCry ransomware, and the more recent Petya and NotPetya attacks, making news headlines due to the damage caused on a global scale.

Shadow IT, ransomware

Read more at: http://it-online.co.za/2017/09/11/shadow-it-could-be-why-businesses-wannacry/

Shadow IT could be the reason businesses "wannacry"

Shadow IT could be the reason businesses wannacry

There are mixed opinions about implementing unauthorised, IT applications (apps) within the organisation, a practice known as Shadow IT. Opinion on Shadow IT is divided into two camps. Some believe that due to the fast pace of business, demands are exceeding IT capability, Shadow IT answers the need for fast, agile solutions and encourages innovative thinking. However, others suppose that Shadow IT causes a breakdown in traditional yet necessary processes, opening up the scope for risk.

While the market has driven the need for Shadow IT to play a role, the risks cannot be overstated. There has been a significant rise in cyber-crime activity over the last few months, with malware such as the WannaCry Ransomware, and the more recent Petya and NotPetya attacks, making news headlines due to the damage caused on a global scale.

Shadow IT,

Read more at: http://www.itwebafrica.com/home-page/opinion/239970-shadow-it-could-be-the-reason-businesses-qwannacryq