INTRODUCTION: Ransomware attacks, in which hackers encrypt an organization’s vital data until a ransom is paid, have become a billion dollar cybercrime industry according to the FBI. Ransomware is now widely seen as the single biggest cybersecurity threat to both business and government organizations. In many respects, ransomware is a game changer: It is incredibly easy and inexpensive for criminals to execute global attacks. At the same time, ransomware is
An advanced hacking and cyberespionage campaign against high-value targets has returned. The so-called ‘DarkHotel’ group has been active for over a decade, with a signature brand of cybercrime that targets business travellers with malware attacks, using the Wi-Fi in luxury hotels across the globe. Hotel Wi-Fi hotspots are compromised in order to help deliver the payload to the selected pool of victims. The exact methods of compromise remain uncertain, but cybersecurity
PetyaWrap: A new ransomware attack similar to last month’s self-replicating WannaCry outbreak is sweeping the world with at least 80 large companies infected, including drug maker Merck, international shipping company Maersk, law firm DLA Piper, UK advertising firm WPP, and snack food maker Mondelez International. It has attacked at least 12,000 computers, according to one security company. FURTHER READING NSA-leaking Shadow Brokers just dumped its most damaging release yet PetyaWrap,
There’s little doubt that the internet has transformed the modern world as we know it, and mostly in a positive way. From the ability to access information from anywhere we like, to instantaneous global communication, the worldwide web has helped to shape a more connected world where ideas, culture and commerce flow freely. But, like the universe George Lucas imagined in Star Wars, the forces of good brought about by the internet
Nigerian hackers and cyber criminals are being accused of masterminding a grand theft of information and money running into billions of dollars, worldwide. According to experts, the Nigerians are able to carry out the heist by sending phishing emails to commercial organizations and industrial enterprises, which they later steal dry. The FBI estimates that these phishing attacks have cost companies over $3 billion. The number of affected companies exceeds 22,143.
Japanese authorities have arrested a 14-year-old boy in Osaka, a prefecture and large port city, for allegedly creating and distributing a ransomware malware. This is the first such arrest in Japan which involves a Ransomware-related crime. Ransomware is a piece of malware that encrypts files on a victim’s computer and makes them inaccessible until the victim pays a ransom, usually in Bitcoins, in order to get the decryption keys for