Crypto mining malware is now the weapon of choice for hackers worldwide. The skyrocketing prices of cryptocurrencies is driving the scale of cryptojacking attacks, and can mean very lucrative profits ranging from hundreds of dollars to twenty thousand dollars per month. Victims now include Tesla and the UK government.
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.
Cyber espionage campaigns focus on gaining access to journalist networks by impersonating legitimate members of the profession. The state sponsored hackers then hunt for useful geopolitical information.
Cyber espionage hackers target Czech antivirus software company Avast's CCleaner product with more than 435 million users in 68 countries in an attempted supply chain attack.
The assessment of the damage from the recent cyber espionage campaign by Chinese hackers has now been revised and greatly expanded, with more senior officials and ambassadors confirmed to have been targeted and potentially "hundreds of thousands" of email accounts breached.
Chinese hackers have just pulled off one of India’s biggest cyber fraud ever by convinceing the head of a local Indian subsidiary of an Italian firm to wire $18.6 million from bank accounts in India to a bank account in Hong Kong.
Two competing visions of the future of cyber governance presented at UN with views between “state sovereignty” backed by Russia and China, and “free, open and secure” backed by U.S. and its allies.
According to Tripwire's State of Cyber Hygiene report, many organizations are simply not getting their cyber security basics right. And there is a distinct lack of focus on the proper maintenance and basic protection organizations need to put in place for cyber defense.
Cyber Incident at DP World Australia Shut Down Port Operations, Backed Up 30,000 Shipping Containers
Large-scale cyber incident on critical infrastructure shut down port operations across Australia over the weekend, prompting a backup of some 30,000 shipping containers that were unable to unload for several days.
With number of cyberattacks climbing, having a cyber insurance with the appropriate coverage can make a difference between a company surviving an incident and shutting down because of it.
Cyber insurance only forms part of the puzzle in bolstering cyber resilience. Even with cyber insurance, businesses must not consider themselves immune from ransomware attacks. They must still implement cyber hygiene practices as part of a holistic data protection and recovery strategy.










