Australian shipping giant Toll Group recently suffered its second ransomware outbreak of the year, with Thomas Knudsen, the company's managing director, branding the latest attack as being "serious and regrettable." But was it preventable?
Attacks targeting cloud-based data nearly doubled in 2019 as companies shifted more of their valuable information off-premises and misconfigurations and other issues made it more vulnerable, according to the 2020 Verizon Data Breach Investigations Report. Observers expect the trend to continue this year.
The U.S. Treasury's Financial Crimes Enforcement Network is alerting financial institutions about surging COVID-19 themed scams and other "illicit activities," ranging from fraud involving the sale of fake cures, tests and vaccines to price gouging for supplies.
Cryptocurrency-mining hackers appear to be behind a recent spate of supercomputer and high-performance computing system intrusions. But it's unclear if attackers might also have had data-stealing or espionage intentions.
Besides hospitals and academic institutions, dozens of nonprofits, including nongovernmental organizations - or NGOs - around the world must protect their COVID-19 research and related activities from those seeking to steal data or disrupt their operations, says cyber risk management expert Stanley Mierzwa.
More ransomware-wielding gangs are not just crypto-locking victims' systems, but also stealing and threatening to leak data unless they get their demanded bitcoin ransom payoff. A growing number of security experts believe the strategy is leading more victims to pay.
A sophisticated cyber-espionage campaign using spyware called Mandrake has been targeting Android users for at least four years, according to security firm Bitdefender. The malware has the ability steal a range of data, including SMS authentication messages from banks.
Australia's Parliament passed a new law on Thursday to deal with a range of legal and privacy concerns arising from its quickly developed contact-tracing app, COVIDSafe. Misusing data and other offenses could garner a five-year prison sentence.
DevSecOps is in its "awkward teenage years," says Matthew Rose of Checkmarx. But with new tooling and automation - particularly application security testing tools - he sees the practice maturing quickly and delivering improved outcomes.
A sophisticated hacking group associated with the North Korean government that's been tied to a number of high-profile attacks, including WannaCry, is using three new malware variants, according to the U.S. Department of Homeland Security's Cybersecurity and Infrastructure Security Agency.
The increasing use of internet-connected devices in manufacturing facilities is opening up new ways for hackers to target so-called "smart" factories with unconventional attack methods, according to an analysis by security firm Trend Micro and the Polytechnic University of Milan.
A recently discovered cyber-espionage toolkit called Ramsay is designed to infiltrate air-gapped networks to steal documents, take screenshots and compromise other devices, according to the security firm ESET.
Security experts and law enforcement officials have long argued that paying ransoms doesn't pay. For starters, it directly funds the cybercrime ecosystem and makes it attractive for criminals to keep launching ransomware attacks.
Hacking groups linked to China's government are targeting research and healthcare facilities that are working on developing vaccines, testing procedures and treatments for COVID-19, the FBI and the U.S. Cybersecurity and Infrastructure Security Agency warn in an alert.