article thumbnail

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.

article thumbnail

GUEST ESSAY: The role advanced ‘VM’ is ideally suited to play in combating modern cyber attacks

The Last Watchdog

Modern cyber attacks are ingenious — and traditional vulnerability management, or VM, simply is no longer very effective. The consequences of a cyber attack can be devastating; from a rapid drop in brand reputation to loss of business and sensitive data. Cyber attacks can also invite lawsuits and can even be fatal.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

6 Reasons Your Business Should Have Ransomware Plan

Security Boulevard

In the ever-evolving landscape of cybersecurity threats, ransomware has emerged as one of the most formidable and costly challenges facing businesses of all sizes. As the world becomes increasingly digitized, the risk of falling victim to this insidious form of cyber attacks continues to escalate.

article thumbnail

Local U.S. Governments and Municipalities at Risk of Foreign Nation Cyber Attacks

Security Boulevard

Experts have warned that the Russia-Ukraine conflict poses an unprecedented cyber risk for U.S. Governments and Municipalities at Risk of Foreign Nation Cyber Attacks appeared first on Security Boulevard. organizations as well as State and local governments and municipalities. The post Local U.S.

article thumbnail

List of victimized companies of MOVEit Cyber Attack

CyberSecurity Insiders

Ernst and Young NOTE- Microsoft has confirmed the presence of Clop ransomware suspects, linked to Russian intelligence behind the incident and reaffirmed that health organizations and financial institutions could be the next target of the notorious file encrypting malware spreading gang that is into double extortion.

article thumbnail

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.