New KillDisk Malware brings Ransomware into the Industrial Domain
New KillDisk Malware brings Ransomware into the Industrial Domain. According to Phil Neray, the VP, Industrial Cybersecurity & Marketing at CyberX – an ICS/SCADA security firm, CyberX’s threat intelligence research team uncovered new evidence that the KillDisk disk-wiping malware previously used in the cyber-attacks against the Ukrainian power grid has now […]
Windows SMB Zero-Day Exploit Released in the Wild after Microsoft delayed the Patch
Windows SMB Zero-Day Exploit Released in the Wild after Microsoft delayed the Patch Last weekend a security researcher publically disclosed a zero-day vulnerability in Windows 10, Windows 8.1 and Server editions after Microsoft failed to patch it in the past three months. The zero-day memory corruption flaw resides in the […]
What Will Happen to Blockchain in 2017?
Banks are beginning to recognize the potential of the blockchain. Oscar Jofre looks at what this could mean for financial services in 2017. The blockchain is transformative. It has this massive potential to alter the economic framework, bringing it in line with the age of the internet. What’s been […]
Information Security Forum Forecasts 2017 Global Security Threat Outlook
Information Security Forum Forecasts 2017 Global Security Threat Outlook The Information Security Forum (ISF) has announced their outlook for the top four global security threats that businesses will face in 2017. Key threats for the coming year include: The Internet of Things (IoT) Adds Unmanaged Risks Crime Syndicates Take a […]
Polish Banks Infected with Malware Hosted on Their Own Government’s Site
Several Polish banks said they suffered malware infections after their employees visited the site of the Polish Financial Supervision Authority (KNF), which had been previously infected to host a malicious JavaScript file. Zaufana Trzecia Strona, a local Polish news site, first reported the attacks late Friday, last week. The news site […]
2017 Cyber Security for Businesses Predictions
1. Resilience and recovery will become commercial differentiators Cyber-attacks are now so powerful that only a fool will claim to be invulnerable. Even the smartest organization can be hit by an attack, so in 2017 the differentiating factor is how they deal with it. A quick, slick and full recovery […]
China Passes Cybersecurity Law to Tighten its Control over the Internet
China has long been known for its strict censorship policies, which has already made it difficult for foreign companies to do business in the world’s most populous country of more than 1.35 Billion people. Now, the Chinese government has approved broad new controversial cybersecurity regulations that would further strengthen the […]
Global Cost of Cyber-crime Predicted to Hit $6trn by 2021
Between the year 2000 and 2013, commercial banks in Nigeria lost 159 billion naira to electronic fraud and cybercrime. According to the country’s central bank, bank customers lost about 6 billion to e-fraud. Experts say while there’s been a steady growth in the usage e-payment channels, cyber-crime has also been rising and […]
Here’s How Cyber Crooks Get in the Door
Cape Town – Corruption is the open door that leads to organizations being hacked in South Africa, a cyber-security firm has warned. In South Africa, many organizations are compromised by collusion between criminals and corrupt employees, according to experts. “The big issue here in SA is internal employees or contractors […]
We’re Not Going to Beat Cybercrime in Our Lifetime Says Ex-FBI Cyber Chief
A former director of the FBI’s crime and cybercrime response unit has warned that the problems of hacking and cybercrime will not be solved in our lifetimes, but we that we owe it to future generations to avoid completely mismanaging the issue to make it worse to deal with in […]