SophosLabs 2018 Malware report says that no OS Platform is safe from Ransomware attacks

UK based Cyber Security firm SophosLabs has released a malware forecast report which says that no OS platform is safe from ransomware related cyber attacks. Here, readers of Cybersecurity Insiders have to notify a fact that the SophosLabs 2018 Malware Forecast report was compiled based on the data collected from Sophos customers located worldwide during […]

Cyber Attack creates a shortage of Cat Food in the UK!

Britain is said to facing a crisis of cat food shortage due to a cyber attack targeting one of its biggest suppliers named Royal Canin. And per the sources reporting to Cybersecurity Insiders, the attack is said to affect the supply till the end of next month as the company hopes to full fill orders […]

Cyber Attack makes Maersk incur $300 million loss!

The NotPetya ransomware attack which took place on container shipping firm AP Moller Maersk has left the company in a loss of $300 million. The attack which took place on June 27th, 2017 made the firm miss its business volumes by a large margin impacting its Q3 financial results. Soren Skou the CEO of Maersk […]

These are the biggest ransomware attacks in last 5 years

Ransomware has become a nightmare to companies to whom data means lifeblood. And over the years, the said malware variant has grown from a mere curiosity filled with annoyance to a major crisis deeply entwined with top secret spy agencies and international intrigue. So, to enlighten our readers on the story of ransomware as it’s […]

Google study confirms that ransomware victims paid $2 Million a Month

Google study conducted in association with blockchain analyst Chainalysis, University of California and the New York University Tandon School of Engineering confirms that ransomware victims paid $2 million a month to hackers spreading the dreaded malware. The Google study also discovered that ransomware victims have paid more than $25 million as ransom over the last […]

Next Wannacry and Petya Ransomware Cyber attack could cost insurers $2.5 Billion

Ransomware attack dubbed as ‘Wannacry’ which hit more than 250,000 computers across 150 countries in May this year did not cost much to cyber crime insurers when the claims ratio is taken into account. But CFC Underwriting estimates that another attack of Wanna cry or Petya or a combination of both can cost cyber insurers […]

NotPetya ransomware hackers move bitcoins out of the pronounced wallet

Hackers who launched NotPetya ransomware on many companies operating in Ukraine and Europe on June 27th,2017 seem to have obtained success with their second move. The cyber crooks on Tuesday night moved more than £8,000 worth of bitcoins from the account used to receive the ransoms to an undisclosed e-wallet. It is a known fact […]

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