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cybercriminals

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Why cybercriminals are stepping up attacks against your small business clients

January 18, 2018 by Jason Contant

The operating model for cybercrime appears to have changed, with criminals using ransomware to target smaller companies and ask for smaller currency amounts, a cyber underwriter with Beazley told Canadian Underwriter on Wednesday. Jimaan Sané said cybercriminals used to attack

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Cybercriminals capitalizing on blockchain popularity to create fraud schemes: Kaspersky

November 6, 2017 by Canadian Underwriter

Cybercriminals are capitalizing on the popularity of blockchain technology by circulating cryptocurrency-themed fraud schemes, according to cybersecurity company Kaspersky Lab’s Spam and Phishing in Q3 2017 report. “While cryptocurrency holders search for new investment opportunities and bitcoin enthusiasts look to

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Cybercriminals will shift focus from data to threatening human life, cybersecurity expert predicts

September 13, 2017 Jason Contant, Online Editor

Cybercriminals will navigate away from their focus on data and start to target or threaten human life in the near future, cybersecurity expert Kevvie Fowler suggested in an interview with Canadian Underwriter. “Moving forward the next five or ten years,

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Cybercriminals used WannaCry epidemic to promote fraudulent services, Kaspersky report says

August 22, 2017 by Canadian Underwriter

Cybercriminals involved in spam distribution tried to capitalize on public fears of the WannaCry ransomware epidemic with spam and phishing emails offering cyber protection, a new report from Kaspersky Lab has found. The Spam and phishing in Q2 2017 report,

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Kaspersky discovers new version of Android Trojan that steals credentials from taxi and ridesharing app users

August 18, 2017 by Canadian Underwriter

Researchers from cybersecurity company Kaspersky Lab reported on Thursday that they have discovered a new modification of the well-known mobile banking Trojan, Faketoken, which is now able to steal credentials from taxi and ridesharing app users. Based on the results

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One in four hide cybersecurity incidents from employers, global Kaspersky survey finds

July 10, 2017 by Canadian Underwriter

Forty per cent of employees around the globe hide IT security incidents to avoid punishment, according to a new report from cybersecurity company Kaspersky Lab and market research company B2B International. The report, titled Human Factor in IT Security: How

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New cyberattack causes mass disruption globally

June 27, 2017 by Canadian Underwriter

One month after the massive global WannaCry ransomware attack, “a new and highly virulent outbreak of malicious data-scrambling software appears to be causing mass disruption across the world, hitting companies and governments in Europe especially hard,” the Associated Press reported

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Foreign cyberthreat to Canadian elections increasing, spy agency warns

June 21, 2017 Lee Berthiaume and Mike Blanchfield - THE CANADIAN PRESS

OTTAWA – Canada’s electronic spy agency issued a stark warning Friday that online attempts to influence or undermine the country’s electoral process are on the increase – and steps must be taken to counter the efforts. Foreign Affairs Minister Chrystia

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73% of U.S. businesses believe their organizations are highly protected from cyber threats, but “low cyber IQ” remains: Willis Towers Watson

June 6, 2017 by Canadian Underwriter

Nearly three-quarters (73%) of businesses in the United States believe that their organizations are highly protected from attempts by outsiders to gain access to their systems and data, but “low cyber IQ” among employees poses a threat, according to a

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“Noticeable decline” in distributed denial of service attacks in Q1 2017: Kaspersky

May 15, 2017 by Canadian Underwriter

Russian cybersecurity company Kaspersky Lab has found a “noticeable decline” in the number of overall distributed denial of service (DDoS) attacks and a change to how they were dispersed by country. Kaspersky released late last week its Q1 2017 DDoS

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Cyberespionage and ransomware attacks on the increase, report warns

April 27, 2017 by Canadian Underwriter

Cyberespionage is now the most common type of attack seen in the global manufacturing, education and now public sectors, a new report has revealed. According to the Verizon 2017 Data Breach Investigations Report (DBIR), released on Thursday, ransomware is now

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Half of all phishing attacks in 2016 aimed at stealing money: Kaspersky analysis

February 22, 2017 by Canadian Underwriter

Almost half of all phishing attacks registered in 2016 by Kaspersky Lab were aimed at stealing victims’ money, the cybersecurity company reported on Wednesday. According to the Financial Cyberthreats in 2016 report, 47.48% of all phishing attacks – fraudulent email