The latest edition of the ISMG Security Report features an analysis of how cybercriminals are ditching banking Trojans in favour of ransomware attacks. Also featured: Defending against deepfakes; supporting a dispersed workforce.
Officials with the Baltimore County Public Schools are investigating a ransomware attack that distributed virtual learning for students this week. Now, the district has been forced to call-off its virtual classes until next Monday.
India's urban cooperative banks need to take a holistic approach to build a security governance structure, opt for an ASP services model and map their business-critical risks to comply with the RBI's security posture guidelines, according to a panel of experts.
French IT services firm Sopra Steria, which was hit with Ryuk ransomware in October, now estimates that the attack could cost the company up to $60 million in recovery costs. Experts say that after going quiet in March, Ryuk reappeared in September, and has targeted numerous hospitals.
Driven by the profits to be achieved via ransomware, most botnet operators have dropped banking Trojans in favor of supporting and running crypto-locking malware attacks, according to security experts who spoke Wednesday at cybersecurity firm Group-IB's CyberCrimeCon 2020 virtual conference.
The FBI has sent out a private industry alert warning about an increase in attacks using Ragnar Locker ransomware. The operators behind this crypto-locking malware have recently targeted companies that include EDP, Campari and Capcom, researchers note.
In the continuing effort to counter rising cyberthreats, India will roll out the latest version of its proposed Data Protection Bill by early 2021, says Lt. Gen. (Ret.) Rajesh Pant, the national cybersecurity coordinator at the Prime Minister's Office.
Ransomware continues to pummel many types of organizations, recently including South Korea's E-Land retail group, French newspaper Paris-Normandie and a Georgia county school system. A ransomware hit against hosting giant Managed.com has resulted in ongoing site outages for numerous others.
The operators behind the Qbot banking Trojan are now deploying a recently uncovered ransomware variant called Egregor to target organizations across the world, according to researchers at Group-IB.
A U.S. unit of Italian-based eyewear maker and eye care center conglomerate Luxottica has reported a breach affecting over 829,000 individuals - the fourth largest health data breach added to the U.S. federal tally so far this year. It's unclear if a recent ransomware attack is related.
Although the global financial industry has made strides in protecting its data from malware, including Trojans, cyberthreats such as network intrusion, ransomware and criminal gang cooperation are presenting fresh challenges, according to the Carnegie Endowment for International Peace.
This edition of the ISMG Security Report features a discussion with Christopher Krebs, the recently fired director of the Cybersecurity Infrastructure Security Agency, on his accomplishments at the agency. Also featured are updates on ransomware gangs recruiting affiliates and healthcare supply chain risks.
Japanese computer game company Capcom acknowledged this week that a November security incident was a Ragnar Locker ransomware attack that resulted in about 350,000 customer and company records, including sales and shareholder data, potentially being compromised.
Over the past five years, ransomware-as-a-service offerings have largely evolved from putting automated toolkits into the hands of subscribers to recruiting affiliates and sharing profits. To maximize revenue, some larger operators are also seeking affiliates with more advanced IT and hacking skills.
An IAM strategy for remote workforces should ensure that key stakeholders are aligned in listing key applications, infrastructure is mapped and risk- and role-based authentication for measuring user risk profiles are applied, says UAE-based Mustapha Huneyd, director of customer security at Ericsson.
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