Ransomware creators, having already created "themes" for their crypto-locking malware ranging from Pokemon and horror movies to princesses and Donald Trump, have now debuted "Barack Obama" ransomware. In a sign of the times, the ransomware doubles as a monero cryptocurrency miner.
The March SamSam ransomware attack in Atlanta is reported to have cost the city $17 million to resolve. The attackers had asked for a $51,000 bitcoin ransom, which the city refused to pay. But Gartner Research analyst Avivah Litan stresses that paying ransoms has more cons than pros.
Leading the latest edition of the ISMG Security Report: An analysis of why it may be too late to secure the 2018 U.S. midterm elections. Also: A close look at the Anthem breach lawsuit settlement and a report on ransomware recovery lessons learned.
A WannaCry outbreak has hit unpatched Windows 7 systems at Taiwan Semiconductor Manufacturing Co., crippling its factories. The world's largest chipmaker, which traced the infection to a new software tool that it failed to scan for malware before installation, says the outbreak could cost it $170 million.
The cost of the city of Atlanta's mitigation and subsequent IT overhaul following a massive SamSam ransomware infection in March could reach $17 million, of which $6 million has already been budgeted for new devices, security enhancements as well as upgrades, according to news reports.
A "local network breakdown" - reportedly caused by a ransomware infection - led Chinese shipping giant Cosco to shut down all networks for its offices in the United States and seven other countries while it scrubbed and restored systems.
Medical testing laboratory firm LabCorp is still working to fully recover systems functionality nearly a week after a cyberattack that the company now claims involved "a new variant" of ransomware. What can other organizations do to avoid becoming the next victim?
Medical laboratory testing firm LabCorp is investigating a weekend cyberattack on its IT network, which resulted in the company taking certain processes offline. The attack is just the latest cyber assault on the healthcare sector.
Traditional server security controls were not built for ransomware, cryptojacking and other modern attacks. Paul Murray of Sophos discusses deep learning, anti-exploit technology and other key elements of the new wave of server defenses.
A coding mistake by an electronic health records vendor has resulted in a data breach impacting thousands of United Kingdom patients. But the incident also serves as a reminder to healthcare entities in the U.S. and elsewhere about the variety of data privacy and security risks vendors can pose.
If 2017 was the year of ransomware innovation, 2018 is well on its way to being known as the year of cryptocurrency mining malware. Numerous studies have found that the most seen malware attacks today are designed for cryptojacking. But while ransomware campaigns may be down, they're far from out.
With endpoint security, the fundamental concept was always to detect and prevent. Mature security strategies today are increasingly looking at response and remediation as well to complete the cycle, says Shrenik Bhayani of Kaspersky Lab.