The financial impact of ransomware rose by 60%, losses from business email compromise (BEC) doubled, and cryptojacking incidents more than tripled, all despite the fact that overall breaches and exposed records were down in 2018, according to Internet Society’s Online Trust Alliance (OTA). The data shows that cybercriminals are getting better at monetizing their activities,…

If we want to anticipate how malware will evolve in the near future, we have to keep two things in mind: past threats and current technical developments. “The evolution of malware-related threats is like a sine wave movement, re-infused by new technology developments,” Christiaan Beek, Lead Scientist and Senior Principal Engineer, McAfee, told Help Net…

A cyberattack has shut down international production at Asco, a company in Zaventem, Belgium, that is a significant supplier of parts to airline manufacturers around the world. According to the company, it has shut down all manufacturing operations in Belgium, Germany, Canada, and the US, sending more than 1,000 of their 1,400 global workers home….

IT security’s greatest inhibitor to success is contending with too much security data. To address this challenge, 47 percent of IT security professionals acknowledged their organization’s intent to acquire advanced security analytics solutions that incorporate machine learning (ML) technology within the next 12 months. Such investments help to mitigate the risks of advanced cyberthreats missed…

In 2018, SonicWall recorded the decline of cryptojacking, but more ransomware, highly targeted phishing, web application attacks and encrypted attacks. The company’s annual threat report, compiled based on threat intelligence obtained from 1+ million sensors around the world, marks a: 217.5 percent increase in IoT attacks in 2018 (compared to 2017) 11 percent increase in…

Coinhive has once again led Check Point’s Global Threat Index for the 15th consecutive month, despite the announcement that its services have been shut down from March 8th 2019. GandCrab ransomware Researchers have also discovered several widespread campaigns distributing the GandCrab ransomware that have targeted Japan, Germany, Canada and Australia. These nations are just part…

Increased security measures and awareness are driving cybercriminals to alter their techniques in search of a better return on investment (ROI). As a result, two major shifts occured, including decreased reliance on malware and a decline in ransomware, as criminals increased their use of other cybercrime techniques with the potential for greater ROI, according to…

83 percent of security professionals believe that employees have accidentally exposed customer or business sensitive data at their organization. Accidental data breaches are often compounded by an organizational failure to encrypt data prior to it being shared – both internally and externally – putting their organizations at risk of non-compliance with major data privacy regulations,…