RSS_Virtulization

The average organization devotes 21% of its IT budget to cybersecurity. By Stu Sjouwerman, CEO, KnowBe4 With the threat of malware touching more and more organizations, boards are beginning to devote greater resources to cybersecurity. The unfortunate truth is that a successful cyberattack can sink a business. The average remediation cost of a ransomware attack, for example, is $1.85 million, according to a Sophos report. The cost of non-compliance if sensitive data is exfiltrated can…

US Convicts “King of Fraud” A Russian cyber-criminal has been convicted of running a sophisticated digital advertising scam that defrauded American companies out of millions of dollars. Aleksandr Zhukov used infrastructure spread around the world to trick companies including the New York Times and Comcast into thinking that they were paying for legitimate digital advertising. In reality, Zhukov and his co-conspirators were using coding and domain spoofing to fraudulently obtain revenue.  Zhukov and his co-perpetrators…

By Jamie Wilson, Founder and Chairman, Cryptoloc Ransomware is on the rise, and it’s not slowing down. Cryptoloc founder and chairman Jamie Wilson explains the perfect storm of conditions that have combined to allow ransomware to run rampant – and how organisations can protect themselves. For most of the world, the past 12 months have been defined by COVID-19. But for cybersecurity professionals, it’s the rise of ransomware that has set off alarm bells. Of…

A fashion model is suing Baltimore-based law firm Goldberg Segalla for allegedly exposing her personal data when filing records in a different data breach lawsuit. Stephanie Hoffman claims the firm leaked her information twice on the Public Access to Court Electronic Records (PACER) service, which provides electronic public access to federal court records. Goldberg Segalla is representing Hoffman’s former modeling agency, Major Model Management Inc (MMMI), in an ongoing proposed class-action lawsuit concerning an alleged data breach. …

Microsoft has launched a new public-private initiative across south-east Asia designed to improve cyber-threat response and share best practices across the region. The Asia Pacific Public Sector Cyber Security Executive Council will bring together policymakers from government agencies alongside tech and industry leaders. As of today, participating governments include Brunei, Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand. Microsoft said the council would build on existing efforts to improve cybersecurity partnerships in the region, such as…

The world’s largest meat processor has been forced to cut the servers supporting two major global markets after an organized cyber-attack. Sao Paolo-headquartered JBS noted in a statement today (via Beef Central) that its US division detected the attack on Sunday. It apparently affected some of the servers used to power its North American and Australian IT systems. “The company took immediate action, suspending all affected systems, notifying authorities and activating the company’s global network of…

The Risk Management Framework (RMF) is most commonly associated with the NIST SP 800-37 guide for “Applying the Risk Management Framework to Federal Information Systems: A Security Life Cycle Approach,” which has been available for FISMA compliance since 2004.  It was updated in December 2018 to revision 2. This was the result of a Joint Task Force Transformation Initiative Interagency Working Group; it’s something that every agency of the U.S. government must now abide by and…

Global police have concluded a months-long campaign in which they seized $83 million in funds headed for the bank accounts of cyber-criminals and scammers. Interpol said that 40 officers from across APAC participated in the HAECHI-I operation over a six-month period. It focused specifically on investment fraud, romance scams, money laundering associated with illegal online gambling, online sextortion and voice phishing (vishing). All have become major money-makers for threat actors of late. Romance and investment…