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…

Cybersecurity depends on partnership

In the world of cybersecurity, partnerships are of much importance. Cybersecurity companies partner among themselves to share data and help each other build stronger security solutions that can better protect their users. They also partner with law enforcement agencies to fight cybercrime. Partnerships with software developers are equally important, because security solutions have to work…

WikiLeaks Details Mac OS X Hacking Tools Used by CIA

The latest round of documents published by WikiLeaks as part of a leak dubbed by the organization “Vault 7” describes several tools allegedly used by the U.S. Central Intelligence Agency (CIA) to target Mac OS X and other POSIX systems. The tools, said to be part of a CIA project named “Imperial,” are called Achilles,…

Forecasting the Future of Ransomware

There’s no question that ransomware is one of the most formidable threats to a business. With so much riding on digitized data, important applications and other systems, any interruption to access of these crucial assets can quickly spell disaster for an organization. Despite efforts on the part of enterprises to educate staff and enhance their…

BEC Attacks Far More Lucrative than Ransomware over Past 3 Years

BEC fraud netted cyberthieves five times more profit than ransomware over a three-year period, according to Cisco’s midyear report released today. Despite all the recent attention paid to ransomware, cybercriminals walked away with $5.3 billion from business email compromise (BEC) attacks compared with $1 billion for ransomware over a three-year stretch, according to Cisco’s 2017…

UK Spy Agency Warns of State-sponsored Hackers Targeting Critical Infrastructure

The U.K. Government Communications Headquarters (GCHQ), Britain’s secret eavesdropping agency, warns that ‘a number of [UK] Industrial Control System engineering and services organisations are likely to have been compromised’ following the discovery of ‘connections from multiple UK IP addresses to infrastructure associated with advanced state-sponsored hostile threat actors.’ The warning comes from a National Cyber Security Centre…

Hacker allegedly stole $7.4 million worth of Ether in 3 minutes

While there is a general consensus that the Knightscope security robot in Washington, D.C., committed suicide on Monday, the same everyone-agrees-opinion is not true for the $7.4 million heist of the cryptocurrency Ether that happened on the same day. CoinDash maintains that a hacker made off with the Ether, which comes from the app platform ethereum, during its…