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ZDNet: Security researchers have revealed the anatomy of a ransomware attack, showing how cyber criminals gained access to a network and deployed ransomware -- all in the space of just two weeks.
BNN Bloomberg: The documents began arriving in China at 8:48 a.m. on a Saturday in April 2004. There were close to 800 of them: PowerPoint presentations from customer meetings, an analysis of a recent sales loss, design details for an American communications network. Others were technical, including source code that represented some of the most sensitive information owned by Nortel Networks Corp., then one of the world’s largest companies.
ZDNet: IBM released the results of a global survey, conducted by the Ponemon Institute and featuring responses from over 3,400 security and IT staff worldwide. The research suggests that while investment and planning are on the uptake, effectiveness is not on the same incline, with response efforts hindered by complexity caused by fragmented toolsets.
Coin Telegraph: Fraudulent websites successfully have stolen the personal records of a number of individuals from the United Kingdom, Australia, South Africa, the United States, Singapore, Malaysia, Spain and more. The attack was executed as a targeted multistage Bitcoin (BTC) scam propagated by a number of fraudulent websites.
ABC News: The Federal Government wants to create more than 500 new jobs in its highly secretive cyber intelligence agency as part of what it says is Australia's largest-ever investment in cybersecurity.
Forbes: The University of California, San Francisco (UCSF) has confirmed it paid a ransom totaling $1.14 million (£925,000) to the criminals behind a cyber-attack on its School of Medicine.
The target: Frost & Sullivan, a US based business consulting firm.
The take: 6,000 customer records containing: client name, email address, the company contact. 6146 employee records containing: first and last names, login names, email addresses, and hashed passwords.
The attack vector: Due to a misconfigured, public-facing sever, the data was stolen from an unsecured backup folder which contained readable databases and company documents. The information was then put up for sale on a known hacking forum.
This breach highlights the importance of a firm’s security posture for publicly accessible file containers. Since sensitive information such passwords were included in the leak, credential stuffing attacks could easily be carried out to great effect.
BNN Bloomberg: More than 10,000 people have joined the suit since it was filed last month, according to law firm PGMBM. Victims are entitled to as much as 2,000 pounds ($2,500) in compensation, meaning the case could be worth as much as 18 billion pounds. EasyJet said last month that the email addresses and travel data of about 9 million
Cover: L&G uses financial services support company MorganAsh to collect information to support the quote application process for medically underwritten lifetime annuities and its Lifetime Care Plan product.
ZDNet: An organized hacker group believed to be operating out of Eastern Europe has stolen around $200 million from online cryptocurrency exchanges, cyber-security firm ClearSky said in a report shared with ZDNet.
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