Known for their cyber crime product which infected over 41,000 victims in financial institutions, GozNym is going out of business with their key figures across Eastern Europe charged by U.S. federal court.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
Most ransomware attacks begin with some combination of phishing and social engineering. An enterprising ransomware gang in Nigeria appears to be skipping this messy step, simply making a direct pitch to employees to join in on the attack.
Hackers demanded $17 million in Compal's security breach despite its denial of the ransomware attack. Compal also claimed that its production lines were not affected.
Mobile smartphone usage is now reaching saturation point in the developed world. Increasingly mobile phones are becoming (or have become) indispensable business tools as well as powerful communication devices. However, with great power comes great responsibility – something that seems to have escaped U.S. President Donald Trump who is still using a legacy Android device. In this article we examine just why mobile devices present massive challenges when it comes to data security – and why business users need to be vigilant.
Major elections are being held around the world, and many with razor thin margins promise to be contentious, emotive and hard-fought. Proponents of particular candidates and parties are using active disinformation campaigns to spread lies, innuendos and misinformation, to promote their candidate and disincentivize their opponent’s supporters from voting.
Fraudsters used Nordstrom’s official email system to promote a crypto scam promising to double funds sent to the scammers’ wallet addresses as a St. Patrick’s Day giveaway.
Threat actors behind the 2024 PowerSchool data breach continue to extort individual schools, despite the education software developer having already made a ransom payment.
Victory for Pharma Giant Merck in NotPetya Cyber Attack Suit Redefines “Act of War” Insurance Claims
Victory for Merck in the long-simmering suit on the 2017 NotPetya cyber attack means that cyber insurers now have much less ground to stand on when denying insurance claims on an "act of war" basis.
Whether it is company culture or an individual attitude, developers do appear to be commonly shipping vulnerable code with the full knowledge that there are weaknesses in it.
Brands need to safeguard their social presence, protect their customers’ data and avoid account takeover fraud after massive data leaks like Facebook’s.










