So far, Norwegian aluminum company Norsk Hydro has received just $3.6 million from its cyber insurer to cover expenses related to the LockerGoga ransomware attack it suffered in March that led to losses of $50 million to $71 million, the company revealed in its third quarter report.
Ransomware continues to be a highly profitable cybercrime. Ransomware incident response firm Coveware reports that for the third quarter of this year, the average ransom amount paid was $41,198, a six-fold increase from the same period last year, driven by strains such as Ryuk and Sodinokibi.
A trio of domain name registrars are mandating a password reset after a breach affecting about 22 million accounts occurred in late August. Web.com and two of its brands, Network Solutions and Register.com are contacting victims via email.
Bulletproof proxies have taken the concepts of anonymity and availability and embedded them in automated bot attacks. How can organizations identify and stop these attacks? Ameya Talwalkar of Cequence Security shares insights.
Cybercriminals are targeting users of Microsoft's Office365 subscription services with phishing campaigns that uses fake voicemail messages in an attempt to steal victims' credentials and other information, according to researchers at the security firm McAfee.
Two hackers have pleaded guilty in connection with an extortion campaign tied to the theft of data on about 57 million Uber customers and drivers. The incident led to a massive fine against the ride-sharing company for its tardy breach notification and weak security.
One major challenge with combating cybercrime in the 2020s and beyond appears destined to be attackers launching a greater number of "smaller-value crimes" so they can better stay "below the radar" of law enforcement, says the Global Cyber Alliance's Andy Bates.
The notorious Joker's Stash cybercrime marketplace, which specializes in selling stolen payment card data, has a new listing for 1.3 million credit and debit cards, almost all of which appear to have been issued by Indian banks, reports threat intelligence firm Group-IB.
The country of Georgia has been hammered by a massive cyberattack that disrupted access to at least 2,000 government, news media and court websites, with many homepages replaced with a photograph of the country's former president, according to news reports.
Two new security incidents demonstrate how easily millions of customer records can be exposed. Researchers found an unsecured database containing records of customers of Adobe Creative Cloud. And Italy's UniCredit bank announced a "data incident" that exposed a file containing customer records.
Some 42 apps that were available in the Google Play store had been delivering adware to Android devices for about a year, according to the security firm ESET. In the 12-month period starting in July 2018, these apps were downloaded about 8 million times to Android devices around the world, the researchers say.
Democratic lawmakers are urging the U.S. Federal Trade Commission to open an investigation into whether Amazon violated federal law by failing to the prevent Capital One's devastating data breach. Amazon dismissed the request as "baseless and a publicity attempt from opportunistic politicians."
The "Raccoon" infostealer, first spotted in the wild earlier this year, is rapidly gaining in popularity on underground forums due to its low cost and ability to steal a wide range of data, including credit card numbers and cryptocurrency wallets, according to a new analysis from Cybereason.
The latest edition of the ISMG Security Report analyzes how the Russian hacking group Turla has been coopting Iranian hacking tools. Plus: Avast's CCleaner hit by second attack; sizing up draft regulations for the California Consumer Protection Act.
The National Cyber Security Center, the U.K.'s national computer emergency response team, investigated 658 serious cybersecurity incidents in a 12-month period and supported nearly 900 victim organizations - most of whom learned they had fallen victim after being alerted by the center.