Rackspace Ransomware Costs Soar to Nearly $12M
Financial disclosures filed over the past year show that Rackspace Technology has continued to rack up expenses and losses following last year’s December ransomware attack on one of its hosted Microsoft Exchange servers. So far, the incident costs have soared well into eight figures. Rackspace is a Texas-based, cloud computing services provider, largely for small…
Poser Hackers Impersonate LockBit in SMB Cyberattacks
A recent spate of cyberattacks against small to midsize businesses (SMBs) across Northern Europe was initially believed to be the handiwork of LockBit, but following further investigation, it turns out that a copycat group is using leaked LockBit malware for campaigns of its own. According reports from Belgium’s Computerland publication, the “wannabes,” while not as…
A year later, Log4Shell still lingers
72% of organizations remain vulnerable to the Log4Shell vulnerability as of October 1, 2022, Tenable‘s latest telemetry study has revealed, based on data collected from over 500 million tests. A vulnerability that’s difficult to eradicate When Log4Shell was discovered in December 2021, organizations around the world scrambled to determine their risk. In the weeks following…
Fake subscription invoices lead to corporate data theft and extortion
A threat actor dubbed Luna Moth has been leveraging social engineering and legitimate software to steal sensitive data and extort money from small and medium-size businesses. The group is eschewing the use of ransomware and instead relies on targeted employees calling a phone number manned by the attackers and convincing them to install a remote…
Malwarebytes Launches MDR Solution for SMBs
Endpoint detection and response (EDR) specialist provider Malwarebytes has launched a new managed detection and response (MDR) solution to bring threat and incident detection to the SMB market. SMBs are heavily targeted by malicious actors because they are often considered to be the soft underbelly of opportunity. The MDR solution combines the security firm’s EDR…
New CyberCatch Research Discovers Alarming Increase in Cyber Vulnerabilities for Small and Medium Sized Businesses in US and Canada
CyberCatch today announced the publication of its quarterly Small and Medium-Sized Businesses Vulnerabilities Report (SMBVR) for Q1 2022 to alert small and medium-sized businesses (SMBs) to an alarming rise in vulnerabilities detected in Internet-facing websites, servers and applications. Of greatest concern, CyberCatch’s SMBVR has detected – for the first time in the report’s history —…
MVSP: A minimum cybersecurity baseline to simplify vendor security assessment
Any organization that’s actively working on managing its cybersecurity risk can’t ignore the risk that goes with third-party vendors having access to its critical systems and customer data. “Up until today, organizations of all sizes have had to design and implement their own security baselines for vendors that align with their risk posture. Unfortunately, this…
White House urges private sector to enhance their ransomware defenses
In light of the ransomware attacks hitting high-profile targets such as the Colonial Pipeline and JBS, the White House has issued an open letter to private sector companies, urging them to do their part to stymie the threat. The Federal Government is working with partners around the world to disrupt and deter ransomware actors, by…
GCA releases new version of the GCA Cybersecurity Toolkit for SMBs
The Global Cyber Alliance (GCA) announced the release of an updated version of its Cybersecurity Toolkit for Small Business. This new edition builds on the original toolkit, released in February 2019, with an improved user experience and expanded educational resources. The GCA Cybersecurity Toolkit for Small Business, sponsored by Mastercard, offers free effective tools to…
SMB security: The evolving role of SaaS and IT outsourcing
SMBs need to bridge the gap between smaller IT security budgets and a shortage of expertise to face the very real and growing threat of cyber attacks, according to Kaspersky Lab. Over half (54 percent) of SMBs believe that their IT security will be compromised at some point and that preparation is essential, with 40…