Has paying the ransom become business as usual?

Radware released its 2018 Executive Application and Network Security Report. For the first time in the survey’s five-year history, a majority of executives (53%) reported paying a hacker’s ransom following a cyber attack. According to the report, 69% of executives said that their company faced a ransom attack in the past year, compared with only…

U.K. Officially Blames Russia for NotPetya Attack

The United Kingdom on Thursday officially accused the Russian government of launching the destructive NotPetya attack, which had a significant financial impact on several major companies. British Foreign Office Minister for Cyber Security Lord Tariq Ahmad said the June 2017 NotPetya attack was launched by the Russian military and it “showed a continued disregard for…

‘Advanced’ Cyber Attack Targets Saudi Arabia

Saudi authorities said Monday they had detected an “advanced” cyber attack targeting the kingdom, in a fresh attempt by hackers to disrupt government computers. The government’s National Cyber Security Centre said the attack involved the use of “Powershell”, but it did not comment on the source of the attack or which government bodies were targeted.

Double Whammy: When One Attack Masks Another Attack

In some contexts, a double whammy can mean a good thing: when your favorite team wins two games in a row, when two candy bars fall from the vending machine, etc. However, in the context of cyber security, a double whammy may translate to being attacked while still reeling from the impact of another threat….

Iranian Hackers Target Aerospace, Energy Companies

A cyber espionage group linked by security researchers to the Iranian government has been observed targeting aerospace and energy organizations in the United States, Saudi Arabia and South Korea. The threat actor, tracked by FireEye as APT33, is believed to have been around since at least 2013. Since mid-2016, the security firm has spotted attacks…

Cyberattack Leaves Millions Without Mobile Phone Service in Venezuela

A massive cyberattack that took down government websites in Venezuela earlier this week also has left seven million mobile phone users without service, the government said Thursday. A group that calls itself The Binary Guardians claimed responsibility for attacks that targeted the websites of the government, the supreme court and the National Assembly. “These terrorist…

UK Parliament Cuts Email Access After Cyberattack

Britain’s parliament shut down external access to e-mail accounts on Saturday following a cyberattack. Parliamentary authorities described the attack as “sustained and determined”, in an email sent to lawmakers and published by the Daily Telegraph. “Earlier this morning we discovered unusual activity and evidence of an attempted cyberattack on our computer network,” it read. “Closer…

Why WannaCry Was a Wake Up Call for Critical Infrastructure Security

The WannaCry ransomware attack impacted more than 10,000 organizations in 150 countries, including manufacturing and industrial organizations like Nissan, Renault and Dacia, Spanish Telefónica and Deutsche Bahn. It’s likely that a fair number of industrial organizations have been impacted, but haven’t reported the incidents since they are not required to do so by regulatory requirements.