ransomware

Fraudsters are becoming more sophisticated, launching bold and effective attacks. Ransomware attacks in the previous year resulted in the disabling of at least 60 credit unions for three weeks. These credit unions were connected to the same third-party service provider, which impacted about 100,000 members accessing their digital accounts. According to the Office of Financial […]

The National Cyber Security Centre (NCSC) has warned that AI tools could contribute to the rise of ransomware, posing a cybersecurity threat. The NCSC highlights that cybercriminals are already leveraging AI, and this trend is expected to escalate over the next two years, leading to more sophisticated and targeted cyberattacks. The agency emphasizes that AI

EquiLend, a prominent Wall Street firm facilitating trillions of dollars in securities transactions monthly, experienced a cyberattack, disrupting some systems. The company anticipates several days for full-service restoration. EquiLend spokesperson Christopher Gohlke disclosed a technical issue identified, leading to unauthorized access in a cybersecurity incident. Immediate measures were taken to secure systems, and an ongoing

Veolia North America, a subsidiary of the multinational conglomerate Veolia, revealed a ransomware attack affecting its Municipal Water division and disrupting bill payment systems. Following detection, defensive measures were implemented, temporarily taking some systems offline. PC Matic‘s application allowlisting is the most effective cybersecurity software solution to prevent ransomware, malware, and more. Additionally, users enjoy

AerCap, a major aircraft leasing company, has confirmed a ransomware attack by an emerging cybercrime group called ‘Slug.’ The intrusion occurred on January 17, as reported in a Form 6-K filing with the US Securities and Exchange Commission. AerCap asserted control over its IT systems and has no financial losses. While the company notified law

On January 12, 2024, Microsoft’s security team detected a nation-state attack by the Russian state-sponsored actor Midnight Blizzard (Nobelium) on their corporate systems. The attack, initiated in late November 2023, involved a password spray attack to compromise a test tenant account, gaining access to a small percentage of corporate email accounts, including senior leadership and

The LockBit ransomware gang has claimed responsibility for an attack on Subway, alleging that it has stolen sensitive data about “all financial aspects” of the fast-food franchise. The hackers assert that they breached Subway’s database and exfiltrated data, including information on employee salaries, franchise payments, and restaurant turnovers. Subway has not yet officially responded to

As tax season approaches, experts warn about the prevalence of tax-related identity theft, where criminals use personal information to file fraudulent returns and claim refunds. The issue persists, with the IRS’ Identity Theft Victim Assistance program noting a significant increase in individual cases. Victims face lengthy resolution times, averaging almost 19 months for the IRS

Cybersecurity Professionals Report Psychological and Physical Strain Ransomware attacks are causing psychological and physical harm to cybersecurity professionals, according to research from the Royal United Services Institute (RUSI). Infosec professionals report stress, burnout, and serious health issues linked to dealing with ransomware incidents. The study reveals cases of hospitalization, heart attacks, and even suicidal thoughts