Bill Toulas reports: Only about three weeks ago, we reported on the closure of the NEMTY project – at least as far as its RaaS (ransomware as a service) operations are concerned. The authors of the successful strain decided to go private and hunt bigger fish, while they shared the source code of NEMTY with a selection…
Category: Commentaries and Analyses
‘Breach of privacy’: Ontario Privacy Commissioner on electronic information found abandoned by MLHU
Daryl Newcombe reports: A “breach of privacy” is how Ontario’s Privacy Commissioner refers to information discovered on electronics abandoned by the Middlesex London Health Unit during a recent move. The commissioner also commends the actions of local authorities to contain the breach and “minimize the impact.” Read more on CTV.
Britains National Cyber Security Cracks Down On Corona Crime
Cyber Security Intelligence reports: British spy chiefs have taken down more than 2,000 online scams linked to coronavirus as they crack down on cyber criminals trying to exploit the health crisis. The National Cyber Security Centre (NCSC) said it had closed down 471 fake online shops selling fraudulent virus-related items, as well as 555 malware distribution…
Sodinokibi, Ryuk ransomware drive up average ransom to $111,000
Ionut Ilascu reports: The first quarter of the year recorded an increase of the average amount ransomware operators demand from their victims. Compared to the previous quarter, a 33% swell was noted, driven by the Sodinokibi and Ryuk ransomware operators. Behind this are successful attacks against large enterprises that can afford to pay top dollar to…
Sixth Annual Data Security Incident Response Report Released – Managing Enterprise Risks and Leveraging Data in a Digital World
There are many firms that issue yearly reports on data breach trends and incident response based on their experience. When a law firm has been involved in more than 1000 cases, it’s worth taking a look at their findings. I have always found my discussions with BakerHostetler lawyers to be informative. I’m looking forward to…
Spear-phishing campaign compromises executives at 150+ companies
Catalin Cimpanu reports: A cybercrime group operating since mid-2019 has breached the email accounts of high-ranking executives at more than 150 companies, cyber-security firm Group-IB reported today. The group, codenamed PerSwaysion, appears to have targeted the financial sector primarily, which accounted for more than half of its victims; although, victims have been recorded at companies…