Insurance against cyberattacks grows fast

September 8, 2018

The number of cases are on the increase. Last year, around 3,000 on-line banking frauds transpire. Demand for insurance against on-line frauds is rising steeply and certain to spike additional once the private information protection laws area unit in situ. Having paid heavily for cyberattacks just like the one on Cosmos Co-operative Bank, lenders area […]

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South Africa’s Liberty Holdings suffers cyber attack

June 18, 2018

JOHANNESBURG (Reuters) – South African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack after an external party claimed to have seized data from the firm and demanded payment. Liberty, in which Standard Bank has a 53 percent stake, was alerted of the illegal unauthorized access to its IT […]

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South Korean Exchange Coinrail Says Hit by Hackers, Bitcoin Slides

June 11, 2018

HIGHLIGHTS Coinrail said its system was under “cyber intrusion” Bitcoin slid to a 2-month low Bitcoin was trading at $6,763.96 South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, prompting an extended sell-off of Bitcoin to a 2-month low amid growing concerns about security at small- to mid-sized virtual currency exchanges. In […]

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Ransomware infects Ukraine energy ministry website

April 24, 2018

Hackers have used ransomware to take the website of Ukraine’s energy ministry offline and encrypt its files. The website currently contains a message written in English, demanding a ransom of 0.1 bitcoin – worth $927.86 (£664.98) by today’s exchange rate. Ukranian cyber-police spokeswoman Yulia Kvitko said the attack is an “isolated incident” and no other […]

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CCleaner Attack Timeline—Here’s How Hackers Infected 2.3 Million PCs

April 18, 2018

Last year, the popular system cleanup software CCleaner suffered a massive supply-chain malware attack of all times, wherein hackers compromised the company’s servers for more than a month and replaced the original version of the software with the malicious one. The malware attack infected over 2.3 million users who downloaded or updated their CCleaner app between August […]

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Over 80% of focused cyberattacks are prevented globally: Accenture study

April 18, 2018

Yet, organisations suffer 30 cyber breaches per year, indicating need for more investment in new technologies to improve cyber resilience, according to the study. While focused cyberattacks per organisation have more than doubled this year, the businesses globally are able to detect and block nearly 87% of those breaches — from 70% in 2017 — […]

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Researcher Cracks ‘Hacker-Proof’ Crypto Wallet

March 23, 2018

A hardware wallet for virtual currencies with millions of users has been compromised by a 15-year-old security researcher. Saleem Rashid explained how he cracked the firmware on the wallet produced by Ledger in an online post Tuesday. Rashid performed what’s known as a “supply chain” attack. That means a targeted device is compromised before any users get their hands […]

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New algorithm may prevent cyber attacks on GPS devices

March 20, 2018

Scientists have developed a novel algorithm that may help detect and prevent cyber attacks on GPS-enabled devices in real time. The algorithm developed by researchers at University of Texas at San Antonio (UTSA) in the US mitigates the effects of spoofed GPS attacks on electrical grids and other GPS-reliant technologies. “Malicious agents have the ability to disrupt […]

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How Long Does It Take Hackers To Pull Off a Massive Job Like Equifax?

March 17, 2018

The time it takes hackers to download records depends on how large the files are. A photo contains a heck of a lot of data; a text file listing your name, address, social security number, etc., would be far smaller—especially given that the data could be compressed. “If the name ‘Sam’ appears a million times, I don’t […]

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Fortnite accounts are reportedly being hacked

March 13, 2018

Multiple Fortnite players have reported that their Epic Games account has been hacked and fraudulent transactions worth hundreds of dollars were conducted on them. Fortnite’s success has made it glowing beacon to grab the attention of hackers. In the past few weeks, many Fortnite players have taken to Reddit and Epic Games forums to report that their accounts have been compromised. Hackers have apparently made […]

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