There will be no let-up in ransomware attacks, as it has proven to such a profitable business model of cybercriminals. The cybersecurity landscape is evolving, and many businesses do not understand how to keep their defenses ahead of the attackers. While major corporations can spend as much as $1 billion a year, many small companies may not have the budget to hire a cybersecurity vendor to help them keep up with all the technology available needed to deter hackers. The loss of just a few thou
Cyber threat analysts recently uncovered a new variant of the TrickBot malware that relies on new anti-analysis techniques, an updated method for downloading its payload as well as adopting minor changes to the integration of its components. TrickBot is a module-based malware that, while first identified as a banking trojan, has gradually extended its functions to include collecting credentials from a victim’s emails, browsers and installed network apps. The malware has also evolved to send sp
Does your company have $50 million to spare? That is how much a ransomware attack cost Norsk Hydro in the first quarter of 2019. A total of 22,000 computers had their files forcibly encrypted across 40 countries in which the aluminum producer operates. Employees were using typewriters and manual production lines where possible to operate the business. Norsk Hydro did not pay the hackers’ ransom and was completely honest about what happened. Its approach was praised by both law enforcement and
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