Ransomware Attacks Increase and Demand Bigger Payouts

An increasing number of cities, hospitals and businesses are being attacked by ransomware, by which bad actors shut down the victim’s computer network until a ransom is paid. Up until now, these attacks have been hard to measure since many of those impacted quietly paid the ransom without notifying any authorities. Security firm Emsisoft just reported a 41 percent increase in ransomware attacks between 2018 and 2019, with 205,280 businesses and other groups submitting evidence of such intrusions in 2019. Continue reading Ransomware Attacks Increase and Demand Bigger Payouts

Cyber Threat Alliance’s Early Sharing Aims to Stop Hackers

The nonprofit Cyber Threat Alliance (CTA) has organized its members, which includes some big tech companies such as Cisco, McAfee, Palo Alto Networks and Symantec, to share knowledge about software bugs and hacking threats, to alert their customers and limit the damage. To do so, the companies have decided to put cybersecurity ahead of the competition. Dubbed “early sharing,” the strategy goes into action as government-linked groups in China, Iran, North Korea and Russia run devastating hacking campaigns. Continue reading Cyber Threat Alliance’s Early Sharing Aims to Stop Hackers

McAfee: One in Four Companies Impacted by Cloud Data Theft

As more enterprises move their data to the cloud, cybersecurity firm McAfee reports that 26 percent of companies have already experienced cloud data theft. McAfee released its report — based on polling 1,400 IT professionals during Q4 2017 — ahead of this week’s RSA security conference. “The survey showed that 97 percent of companies use cloud services, either as a public or private cloud or a combination of both, up from 93 percent a year ago,” reports VentureBeat. “Eighty-three percent store sensitive data in the cloud, but only 69 percent trust the public cloud to keep their data secure.” Continue reading McAfee: One in Four Companies Impacted by Cloud Data Theft

Enterprise Security Provider CrowdStrike Raises $100 Million

Digital security provider CrowdStrike, which recently helped the Democratic National Committee respond to its hacking, has raised $100 million in new capital, bringing its total fundraising to $256 million and value close to $1 billion. The Irvine, California-based tech company, founded by two former McAfee execs in 2011, provides SaaS endpoint protection, threat intelligence and incident response through its cloud-based Falcon platform. CrowdStrike now has more than 650 employees worldwide. The company’s subscriptions have grown 476 percent in the last year as cybersecurity becomes a growing concern. Continue reading Enterprise Security Provider CrowdStrike Raises $100 Million

Intel Brings Immersive Tech to Wearables, Tablets and More

Intel is embracing the Internet of Things, making a big push into the smart products space, including wearables, tablets and cameras, showcasing at CES a host of new devices that will be branded Intel RealSense, many of which will leverage its new RealSense 3D camera tech. Intel CEO Brian Krzanich wowed the crowd when he sent a giant whale swimming over the head of the audience at his keynote address at the Venetian Hotel Monday night, a glasses-free 3D effect that looked amazingly lifelike. Continue reading Intel Brings Immersive Tech to Wearables, Tablets and More

iPhone is Safer Than Android and BlackBerry, but For How Long?

  • Malware has grown dramatically on Android’s open operating system compared to Apple’s closed iOS.
  • “Juniper Networks says Android malware traffic rose by 400 percent between June 2010 and January 2011,” reports Forbes. “Lookout Mobile Security reported a 250 percent jump in smartphone malware from January to June 2011.”
  • QR malware codes are becoming increasingly popular. Hackers are looking to acquire personal information, especially banking info.
  • “Apple has a walled garden, with its curating of apps for its App Store, so it’s had far fewer instances of malware, but Android is far more porous,” John Dasher, McAfee senior director of mobile security, told the Financial Times. “There are more than a dozen apps sites, it’s very easy to download apps and ‘sideload’ apps on to a device, and so it’s far easier for a hacker to get an app published that contains malware.”

McAfee Researchers Claim to Discover Massive Hacking Attack

  • McAfee researchers say they have uncovered the biggest hacker attack ever, involving 72 governments and organizations around the world, including the U.S., Taiwan, Vietnam, South Korea, Canada and India — some dating back as far as 2006. Data compromised amounts to several petabytes of information.
  • The attack uses compromised remote access tools, or RATs, which allow system administrators to access systems from around the world and would allow an attacker to view and download confidential information. Some of those organizations and companies compromised still do not know it.
  • The attacker was not a hacker group but likely a “state actor” with very high skill levels (China is the “leading candidate”).
  • According to a blog post from Dmitri Alperovitch, McAfee’s VP Threat Research: “I am convinced that every company in every conceivable industry with significant size and valuable intellectual property and trade secrets has been compromised (or will be shortly), with the great majority of the victims rarely discovering the intrusion or its impact.”