Keyword
ransomware
Ransomware attacks quadrupled in 2016, projected to double again in 2017: Beazley
January 26, 2017 by Canadian UnderwriterBeazley, a provider of data breach response insurance, said in a report on Thursday that ransomware attacks quadrupled in 2016 and they are projected to double again in 2017. Beazley released its Beazley Breach Insights – January 2017 findings based…
Personal and health-related information most desirable breach target, big risk for insurance: KPMG speaker
December 12, 2016 Angela Stelmakowich, EditorData breaches involving personal and health-related information are a “huge risk for those in the insurance industry” given that the shelf-life of the data likely runs as long as the affected individual remains alive, Kevvie Fowler, national leader of cyber…
Evolving technology expected to introduce new cyber threats, broadened attacks: Trend Micro
December 7, 2016 by Canadian UnderwriterThe coming year is expected to witness evolving technology that introduces new cyber threats and attacks that broaden and differentiate to penetrate new vulnerable surfaces, suggests a report issued Wednesday by Trend Micro Incorporated. The expectation is 2017 “will include…
U.S. prosecutor’s office paid bitcoin ransom in cyberattack
December 6, 2016 Joe Mandak - THE ASSOCIATED PRESSPITTSBURGH – A state prosecutor’s office in Pennsylvania was among hundreds of thousands of victims of a now-shuttered international cybercrime operation, paying nearly $1,400 in a bitcoin ransom to free up its infected computer network, authorities disclosed Monday. Federal prosecutors…
One-quarter of Canadian small and medium businesses with revenue over $10M victims of cyberattack: study
October 12, 2016 by Canadian UnderwriterOne in four Canadian small and medium-sized businesses (SMBs) with annual revenue over $10 million have been victims of a cyberattack compared to only one in 10 with annual revenue under $10 million, according to a new survey from Internet…
One cryptomalware attack can cost a small- or medium-sized business up to US$99,000: Kaspersky
September 9, 2016 by Canadian UnderwriterOne cryptomalware attack can cost a small or medium business (SMB) up to US$99,000 on average, according to recent research from global cybersecurity company Kaspersky Lab. And “despite the fact that cybercriminals do not guarantee the return of corporate data,…
Pay Day?
September 5, 2016 Angela Stelmakowich, EditorWill spinning the ransomware wheel mean boom or bust for businesses and organizations? The malicious software is increasingly being used to test security preparedness. Absent well-conceived, committed and ongoing protection, though, this malware du jour is likely to continue its costly winning streak.
Canadian companies likely to pay ransomware demands, among highest for lost revenue and business interruption, international study finds
August 4, 2016 by Canadian UnderwriterCompanies in Canada are most likely to pay ransomware demands and are ranked among the highest for lost revenue and business interruption, according to an international study of 5,400 IT staff across Canada, the United States, the United Kingdom and…
First five months of 2016 dominated by malicious email campaigns of unprecedented volume, new ransomware variants
July 26, 2016 by Canadian UnderwriterThe first five months of 2016 were dominated by malicious email campaigns of unprecedented volume, with new ransomware variants emerging quickly and actors “repeatedly [shifting] tactics with new loaders, document attachment types and obfuscation techniques to evade detection,” according to…
2016 malware levels nearly four times 2015 totals, cybersecurity company finds
July 22, 2016 by Canadian UnderwriterA security analyst team at AppRiver, a cloud-based cybersecurity company based in Gulf Breeze, Fl., has quarantined 4.2 billion emails containing malware in the second quarter of 2016, “pointing to a continued increase in malware traffic this year.” The emails…
University of Calgary case highlights criminal demands for computer ‘ransom’
June 10, 2016 Steve Lambert - THE CANADIAN PRESSRansomware attacks, such as one that recently saw the University of Calgary pay cyber criminals $20,000 to unlock its computer systems, are on the rise around the globe. Government and industry experts say at small businesses, at hospitals and even…
University of Calgary pays ransom after attack on computer systems
June 8, 2016 The Canadian PressCALGARY – The University of Calgary says it paid a ransom of $20,000 demanded after a recent cyberattack. The school says in a news release that staff were able to isolate some of the attack and are working to ensure…