Wannacry
Britisher who helped to contain WannaCry Ransomware gets arrested!
United States FBI arrested a Britisher named Marcus Hutchins early this week for creating banking malware having the potential to steal credit card information of customers. Remember, Hutchins is the same guy who helped shut down WannaCry cyber attack that crippled the NHS. The 23-year old was arrested by FBI Nevada for creating and distributing […]
North Korean Hackers move Bitcoins cashed from Wannacry Ransomware to 9 new accounts
Almost 12 weeks ago i.e on May 12th, 2017, the digital world witnessed a ransomware outbreak known as WannaCry Cyber attack which targeted more than 250,000 computers across 150 countries. The hackers involved in this attack demanded a payment of $300 to $600 in Bitcoins in order to free up the data on the targeted […]
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 […]
Manufacturers of Medical Devices wake up to Cyber Security Threats
Companies which manufacture medical devices like pace makers, insulin pumps and glucose monitoring machines are sending their staff to cyber security conferences in order to learn from the researchers the latest in the world of cyber security. At the recently held Black hat Conference held in Las Vegas and the Def Con, representatives from big […]
Cisco warns all global firms against destruction of service (DeOS) Cyber Attack
Cisco, which offers networking solutions to the corporate world, has issued a new warning to all globally located firms against a new wave of cyber attack, described as “Destruction of Service” (DeOS). The multi-technology conglomerate of America feels that cyber attacks of the said variant could eliminate organizations backups and safety nets meant for business […]
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 […]
Ohio County buys $200,000 insurance policy against Cyber Attacks
The Ohio County which includes the capital city of Columbus has decided to buy $200,000 worth cyber insurance policy against cyber attacks. The decision was to take in wake of increase in cyber threats on a global note. Security experts of the county say that the new spending on insurance will help in improving internal […]
UK’s NHS systems to be strengthened after Cyber Attack
WannaCry ransomware disrupted the computer systems at NHS on May 11th, 2017 and this made the hospital authorities stop digital update of patient records for a couple of weeks and instead switch to manual work. Very recently, Britain government reacted to this cyber mayhem and announced an action plan to make the NHS more resilient […]
Firms fail to update their software despite serious Ransomware concerns
Firms across the world are still showing reluctance to update their software despite the looming threat of ransomware attacks. And security experts from Kaspersky Labs say that this adverse reaction of businesses to update/upgrade their software can encourage hackers to launch more intense attacks than the previous Wanna cry. A couple of months ago i.e. […]
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 […]
