Month: June 2017

Anthem settles a security breach lawsuit affecting 80M

Anthem has agreed to pay $115 million to settle class-action lawsuits stemming from a 2015 cyberattack breach that may have affected the personal information of nearly 80 million customers, company officials said Monday. The settlement agreement, which needs to be approved in court, will end multidistrict class action litigation against the Indianapolis-based company. Anthem discovered …

HUGE ‘PETYA’ CYBER ATTACK SPREADING ACROSS THE WORLD IN POTENTIAL REPEAT OF ‘WANNACRY’ HACK

A huge cyber attack that initially hit Ukraine has spread across the world, causing major disruption. The hack was already the biggest in Ukraine’s history but it has now affected other countries – including the UK, Spain and India – and may be functioning like the massive “Wannacry” attack that crippled the NHS, according to cyber …

Microsoft admits it disables anti-virus software in response to Kaspersky’s EU complaint

Microsoft’s anti-virus efforts have hit the news recently, following the spread of the massive WannaCry malware and an EU antitrust complaint from anti-virus company Kaspersky. The software giant is now detailing its anti-virus work, attempting to diffuse complaints over its anti-virus partner work and the security of Windows itself. Kaspersky has accused Microsoft of disabling …

Under pressure, Western tech firms bow to Russian demands to share cyber secrets

Western technology companies, including Cisco, IBM and SAP, are acceding to demands by Moscow for access to closely guarded product security secrets, at a time when Russia has been accused of a growing number of cyber attacks on the West, a Reuters investigation has found. Russian authorities are asking Western tech companies to allow them …

Virus alert! Fireball malware infects 250 million computers

Researchers have discovered yet another malware, and this time it is called Fireball. After the infamous WannaCry ransomware attacks, Fireball is said to have affected more than 250 million personal computers. Fireball, which has affected hundreds of PCs, is a Chinese malware, or rather an adware. Additionally, India has faced the worst impact of Fireball …

Parliament hit by ‘sustained’ cyber-attack

Parliament has been hit by a cyber attack, officials at Westminster say. The “sustained” hack began on Friday night, prompting officials to disable remote access to the emails of MPs, peers and their staff as a safeguard. The parliamentary authorities said hackers had mounted a “determined attack” on all user accounts “in an attempt to …

Nearly 200 Million U.S. Voters’ Personal Data Accidentally Leaked by Data Firm Contracted by RNC

  Information about more than 198 million U.S. citizens was accidentally leaked earlier this month, after more than a terabyte of data was stored on a publicly accessible server by a marketing firm working for the Republican National Committee. Deep Root Analytics, a conservative media firm, has confirmed that it owned the exposed data, Gizmodo …

Companies use kidnap insurance to guard against ransomware attacks

Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup losses caused by ransomware viruses such as “WannaCry”, insurers say. Cyber insurance can be expensive to buy and is not widely used outside the United States, with one insurer previously describing the cost as $100,000 …

The Israelis Leading the Fight Against Cyberattacks on the Banks

  In February 2016, one of the biggest cyberattacks in the history of data security went down, when hackers managed to fool the Bangladeshi central bank’s interbank money transfer system (part of the international SWIFT system), stealing $850 million. The breach was only discovered because of a silly spelling mistake by the burglars, thanks to …

BlackBerry joins UK start-up to monitor WhatsApp chat

  BlackBerry has teamed up with a London start-up to help banks monitor traders that use WhatsApp and other encrypted messaging tools. The Canadian company, which has stopped making handsets to focus on security and productivity tools for smartphones, has partnered with UK technology company VoxSmart to offer financial services companies a new way of …