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Most of the cyber attacks in Canada are ransomware genre

CyberSecurity Insiders

According to a study conducted by Blake, Cassels Graydon LLP, most of the cyber attacks that were targeted on Canadian companies were of ransomware genre and alarmingly there was an increase in frequency and complexity of attacks. Note- Ransomware is a kind of malware that encrypts files until a ransom is paid.

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LockBit Ransomware Group feels ashamed for the Cyber Attack

CyberSecurity Insiders

LockBit ransomware group that infiltrated the Olympia Community Unit School District 16 a few days ago has issued an unconditional apology for hacking into the servers of innocent school children. The post LockBit Ransomware Group feels ashamed for the Cyber Attack appeared first on Cybersecurity Insiders.

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Australia TechnologyOne hit by a Cyber Attack

CyberSecurity Insiders

TechnologyOne, the Australia-based trading firm, has issued a statement stating that some of its systems were targeted by a cyber attack, as a result of which it halted the entire trading process, impacting millions of customers. The post Australia TechnologyOne hit by a Cyber Attack appeared first on Cybersecurity Insiders.

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Ransomware and Data Breaches: Impacts Continue to Grow Louder

Lohrman on Security

Reports from cybersecurity companies in 2023 show mixed trends regarding the number of global data breaches, ransomware attacks, records affected and government costs. But one thing is clear: Cyber attack impacts steadily grow.

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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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Joe Biden government cyber attacks REvil aka Sodinokibi Ransomware Servers

CyberSecurity Insiders

REvil aka Sodinokibi is linked to Russian intelligence as NSA and FBI have released a joint statement last year saying that the operations conducted by the said ransomware gang were being funded by Russian Intelligence. More details are awaited!

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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.