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Australia to issue ban on ransomware payments after Latitude Financial Cyber Attack

CyberSecurity Insiders

The Australian government is set to issue a complete ban on ransomware payments after one of its major financial lenders became the target of a massive file-encrypting malware attack on March 16th this year. Technically, transactions related to digital cryptocurrencies like Bitcoin and Monero are anonymous and therefore hard to ban.

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Gloucester City Council hit by a possible Ransomware Cyber Attack

CyberSecurity Insiders

Though there is no confirmed news that the attack was of a ransomware virus, sources report that the restoration of services might take a few weeks as the incident seems to be more complicated after preliminary investigations were concluded.

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Ransomware Cyber Attack on Molson Coors

CyberSecurity Insiders

Brewery company Molson Coors has made it official that its IT infrastructure was reigning under a major cyber attack that has brought its Beverage production to a complete standstill. Note 2- From the past few months, especially after lock-down, ransomware spreaders are consistently attacking private entities for financial benefits.

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Ransomware and Cyber Attacks were hot topics at G7 Summit

CyberSecurity Insiders

All the world leaders who took part at the G7 Summit held in Cornwall, UK have agreed on a unanimous note that ransomware and cyber attacks have emerged as the biggest threats to their nation in recent times. The post Ransomware and Cyber Attacks were hot topics at G7 Summit appeared first on Cybersecurity Insiders.

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Western Digital shuts systems due to Cyber Attack

CyberSecurity Insiders

A cyber attack launched and identified on March 26th of this year has triggered the incident response teams of Western Digital (WD) to take appropriate steps to mitigate the cyber risks of the incident. However, it assured to the media that it will reveal more of the cyber incident details after the probe gets done.

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Cyber Attack on Bureau Veritas

CyberSecurity Insiders

The digital operations of the multinational company Bureau Veritas(BV) was brought to a halt when hackers launched a cyber attack on the IT infrastructure of the company that offers lab testing, inspection and certification services. Note 3- Ransomware is a kind of malware that encrypts a database until a ransom is paid.

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United States charges 3 North Koreans for Global Cyber Attacks

CyberSecurity Insiders

The United States Department of Justice has charged 3 North Korean for allegedly launching cyber attacks on many of the banking and cryptocurrency networks operating across the world. attack aka Not Petya ransomware attack. billion in cash and digital currency from entities operating across the world.