Canadian Nunavut government systems crippled by ransomware

Canadian government IT systems have been forced into lockdown after a successful ransomware attack. On Monday, government officials for the Nunavut region said that over the weekend, a “new and sophisticated type of ransomware” struck the territory. All government services — Read More …

Ransomware hits Spanish companies sparking WannaCry panic

Two major Spanish companies have been hit by ransomware today. Both infections occurred on the same day, sparking memories of the WannaCry outbreak. Spain was one of the first countries alongside the UK, where the WannaCry ransomware infections were spotted for Read More …

Cybercriminals Impersonate Russian APT ‘Fancy Bear’ to Launch DDoS Attacks

Cybercriminals posing as the Russian APT group Fancy Bear have been launching DDoS attacks against companies in the financial sector and demanding ransom payments, according to a new report. The large-scale, multi-vector DDoS attacks come with accompanying ransom letter. They Read More …

UniCredit Suffers Third Breach Despite Investing Billions in Cybersecurity

Despite investing 2.4 billion euros since 2016 to upgrade its cybersecurity profile, Italian banking institution UniCredit has suffered its third recent data breach, this time impacting 3 million customers. The company said in a short data breach announcement on its website that Read More …

Modern cyber security bears great resemblance to the Titanic disaster, says Stena CISO

Magnus Carling, CISO of worldwide conglomerate Stena AB, likened modern cyber security practices to the oversights which led to the Titanic disaster in 1912. Speaking at Cloudsec 2019, Carling told attendees “the iceberg was innocent. It wasn’t the iceberg that Read More …

US Treasury sanctions three North Korean hacking groups

The US Department of the Treasury imposed sanctions today on three North Korean state-controlled hacking groups, which US authorities claim to have helped the Pyongyang regime raise funds for its weapons and missile programs. US officials cited three hacking groups Read More …

Uncovering IoT Threats in the Cybercrime Underground

Amid the growth of the internet of things (IoT), manufacturers and integrators are testing the limits of how the technology can be applied, as seen in how new forms of connected devices are hitting the market. Some applications play critical Read More …

Unusual CEO Fraud via Deepfake Audio Steals US$243,000 From UK Company

An unusual case of CEO fraud used a deepfake audio, an artificial intelligence (AI)-generated audio, and was reported to have conned US$243,000 from a U.K.-based energy company. According to a report from the Wall Street Journal, in March, the fraudsters used a voice-generating Read More …