Cryptomining Is Overtaking Ransomware as Most Popular Cybercrime Malware

Skybox® Security, a global leader in cybersecurity management, announced today the release of its mid-year update to the Vulnerability and Threat Trends Report which analyzes vulnerabilities, exploits and threats in play. The report, compiled by the team of security analysts at the Skybox® Research Lab, aims to help organizations align their security strategy with the reality …

Malware Forecast: 2017 Cyber crime trends will likely dominate in 2018

In 2017, attackers developed new ransomware delivery techniques, leading to global outbreaks such as WannaCry, NotPetya and, most recently, Bad Rabbit. It’s a trend that’s expected to continue in the next year, according to the 2018 Malware Forecast released by Sophos on Thursday. The report reviews malicious activity analyzed by SophosLabs in 2017 to predict what might happen in 2018. Here’s …

New Bad Rabbit ransomware attacks Europe

A wave of Bad Rabbit ransomware attacks have been taking place across Europe since Tuesday, 24 October. Initial targets include Ukraine’s Ministry of Infrastructure and Kiev’s public transportation system. The Russian news service Interfax also issued an official update stating that it had been hacked and that it was working to restore its systems. Kaspersky …

Transportation industry vulnerable to Ransomware and IOT attacks

New study has found that Cyberattacks leveraging IoT devices are also becoming commonplace particularly in the transportation where 29 percent of companies indicated they experienced an IoT attack. The energy, construction, and IT sectors aren’t far behind 22 percent of respondents from each industry reported attacks, respectively. To combat these threats researchers said companies will …

Almost half of UK businesses would pay ransom following an attack

UK businesses are most likely to pay up following a ransomware attack, new figures have claimed. Research by security firm Malwarebytes found that almost half (49 per cent) of UK businesses would pay ransom following a ransomware attack. Globally, the figure sits somewhat lower, at 42 per cent, according to Malwarebytes’ “Second Annual State of …

WannaCry ransomware affects over 150 countries, Africa least hit

On Friday 12th May, organizations across the world were hit by a massive ransomware attack, named WannaCry, which exploited a (now patched) Microsoft Windows vulnerability revealed in the Shadowbrokers dump on April 14. This latest variant of ransomware  according to Avast Security data,  is mainly being targeted to Russia, Ukraine and Taiwan, but the ransomware …