Security News
The report also revealed a staggering 307% increase in ATO attacks between April 2019-shortly after many COVID-19 stay-at-home orders were enacted-and June 2021. ATO attacks against the fintech sector soared 850% between Q2 2020 and Q2 2021, mainly driven by a concentration on crypto exchanges and digital wallets, where fraudsters would likely try to liquidate accounts or make illicit purchases.
Free for the first 60 days, the new service is designed to help you better understand your organization's exposure to ransomware and automate the steps needed to reduce your risk. Available starting Oct. 5, Qualys' Ransomware Risk Assessment service is designed to help you identify and track the data and other assets most susceptible to the threat of ransomware.
Chinese cyber espionage group APT41 has been linked to seemingly disparate malware campaigns, according to fresh research that has mapped together additional parts of the group's network infrastructure to hit upon a state-sponsored campaign that takes advantage of COVID-themed phishing lures to target victims in India. APT41 is a moniker assigned to a prolific Chinese cyber threat group that carries out state-sponsored espionage activity in conjunction with financially motivated operations for personal gain as far back as 2012.
Ransomware, showing three major detection spikes during T2, saw the largest ransom demands to date. The attack shutting down the operations of Colonial Pipeline - the largest pipeline company in the US - and the supply-chain attack leveraging a vulnerability in the Kaseya VSA IT management software, sent shockwaves that were felt far beyond the cybersecurity industry.
Despite the shift to modernize business environments and operations among the Global 2000 companies, web domains remain dangerously under protected, according to CSC. CSC's research also shows that most Global 2000 companies continue to lag in the adoption of domain security measures. 57% of the Global 2000 are relying on off-the-shelf consumer-grade registrars who offer limited domain security mechanisms to protect against domain and DNS hijacking.
The United Kingdom has revealed plans to invest £5 billion in bolstering national cybersecurity that includes creating a "Cyber Force" unit to perform retaliatory attacks. As the UK's Secretary of State for Defense Ben Wallace points out in an interview with The Telegraph, Britain isn't just looking to strengthen its stance against threats, but also to build up its capacity to launch retaliatory assaults.
Europol has announced the arrest of two men in Ukraine, said to be members of a prolific ransomware operation that extorted victims with ransom demands ranging between €5 to €70 million. The international law enforcement operation was conducted in coordination with the FBI, the French police, and the Ukrainian National Police.
Industry publication giant Sandhills Global has suffered a ransomware attack, causing hosted websites to become inaccessible and disrupting their business operations. Sandhills publishes various printed and hosted trade publications containing industry news and a marketplace for dealers to sell related new and used machinery.
Today, U.S. President Joe Biden said that the U.S. will bring together 30 countries to jointly crack down on ransomware gangs behind a barrage of attacks impacting organizations worldwide. "I am committed to strengthening our cybersecurity by hardening our critical infrastructure against cyberattacks, disrupting ransomware networks, working to establish and promote clear rules of the road for all nations in cyberspace, and making clear we will hold accountable those that threaten our security."
In July 2019, an Alabama hospital was dealing with a ransomware attack that had shut down computer systems throughout the hospital. She has filed a lawsuit against the hospital that claims the loss of monitoring technology ultimately caused the death of her infant.