The Wrong Way to Pick a Security Vendor
For a number of years, we’ve worked with and supported our Managed Service Provider (MSP) partners at Trend Micro and I’ve seen and heard a lot in that time. Over time, we’ve noticed a few trends when it comes to MSPs choosing a security vendor to partner with, and in an effort to save you…
New Cerber ransomware variant steals Bitcoin wallets, passwords
Here’s a new reason to fear ransomware more than ever before: a new variant of Cerber has been modified to steal Bitcoin wallets and passwords before encrypting victims’ files and demanding ransom. Two ways to profit off of one infection The new and improved Cerber searches for wallet files of three Bitcoin wallet applications (Bitcoin…
Cyber espionage topping the list of largest security concerns
20 percent of global organizations rank cyber espionage as the most serious threat to their business, with 26 percent struggling to keep up with the rapidly evolving threat landscape. In addition, one in five U.S. organizations have suffered a cyber espionage-related attack in the last year. The Trend Micro research, which surveyed 2,402 enterprise IT…
Ransomware spiked 752% in new families
2016 was truly the year of online extortion. Cyber threats reached an all-time high, with ransomware and Business Email Compromise (BEC) scams gaining increased popularity among cybercriminals looking to extort enterprises. A 752 percent increase in new ransomware families ultimately resulted in $1 billion in losses for enterprises worldwide, according to Trend Micro.
Trend Micro report: Ransomware booming
The profitability of ransomware made it the top cyber threat last year in two categories: the number of attacks and the amount of money generated for crooks, according to a Trend Micro lookback on data collected from customers. Not only is the ransomware business booming, it’s innovating, with Trend Micro researchers identifying 752 new families…